EMCOR Group, Inc. Subsidiary Awarded Contract For Installation Of Electrical Systems For The Los Angeles Department Of Transportation Automated Traffic Surveillance And Control Project
NORWALK, CONNECTICUT, July 7, 2010 - EMCOR Group, Inc. (NYSE: EME), a Fortune 500® leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses announced that its Dynalectric Los Angeles subsidiary has been awarded a contract for the installation of electrical systems for the Los Angeles Department of Transportation Automated Traffic Surveillance and Control Project (ATSAC) in Los Angeles, California. In order to facilitate an orderly completion of the overall ATSAC project, the City of Los Angeles has been divided into 36 geographical areas, each area of which will be phased into the entire ATSAC system.
Dynalectric Los Angeles will be responsible for the installation of electrical systems in one area of the ATSAC project---within the northern section of Los Angeles---referred to as 'Reseda II ATSAC'. Dynalectric's scope of work will include the upgrade and replacement of 56 traffic signal controllers, including various modifications to existing traffic signal poles, gear, and wiring, installation of over 10.3 miles of trench line for underground conduits and fiber optic cables, as well as six video surveillance cameras, loop detectors for vehicle traffic, and video and data communication equipment.
"We are honored to again be working for the Los Angeles Department of Transportation, and doing so on such a significant project, which will greatly and positively impact the lives of millions of people, everyday, over the course of decades," said Chris Pesavento, President and CEO, Dynalectric Los Angeles. "Our experience with large scale transportation projects such as this insures that we have the expertise required to meet the Department's rigorous requirements and specifications."
About EMCOR Group, Inc.
A Fortune 500 company with estimated 2010 revenues of $5.0 billion, EMCOR Group, Inc. (NYSE: EME) is a global leader in mechanical and electrical construction, energy infrastructure, and facilities services. A leading provider of critical infrastructure systems, EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating, maintaining, and protecting the sophisticated and dynamic systems that create facility environments---such as electrical, mechanical, lighting, air conditioning, heating, security, fire protection, and power generation systems---in virtually every sector of the economy and for a diverse range of businesses, organizations and government. EMCOR represents a rare combination of broad reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations. The 26,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst the “World’s Most Admired” and “Best Managed”. EMCOR’s diversity---in terms of the services it provides, the industries it serves and the geography it spans---has enabled it to create a stable platform for sustained results. The Company’s strong financial position has enabled it to attract and retain among the best local and regional talent, to undertake and complete the most ambitious projects, and to redefine and shape the future of the construction and facilities services industry. Additional information on EMCOR can be found at www.EMCORGroup.com.
This release may contain certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Any such comments are based upon information available to EMCOR management and its perception thereof, as of this date, and EMCOR assumes no obligation to update any such forward-looking statements. These forward-looking statements may include statements regarding market opportunities, market share growth, gross profit, backlog mix, projects with varying profit margins, and selling, general and administrative expenses. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly these statements are no guarantee of future performance. Such risk and uncertainties include, but are not limited to, adverse effects of general economic conditions, changes in the political environment, changes in the specific markets for EMCOR's services, adverse business conditions, availability of adequate levels of surety bonding, increased competition, unfavorable labor productivity and mix of business. Certain of the risks and factors associated with EMCOR's business are also discussed in the Company's 2009 Form 10-K, and in other reports filed from time to time with the Securities and Exchange Commission. All these risks and factors should be taken into account in evaluating any forward-looking statements.
FOR: EMCOR GROUP, INC.
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Media: Suzanne Dawson/Cecile Fradkin