EMCOR Group, Inc. Subsidiary Awarded Contract For Installation Of Electrical Systems At Norman Y. Mineta San Jose International Airport
NORWALK, CONNECTICUT, June 9, 2009 - 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, reported that as previously noted on its 4/28/09 First Quarter Earnings Call, KDC Systems, a division of EMCOR's Dynalectric Los Angeles subsidiary, has received a contract for the installation of the electrical systems related to new automated baggage handling and screening systems at Mineta San Jose International Airport in California.
KDC Systems will be responsible for the majority of the controls and electrical installation work involved in implementing new automated baggage handling and screening systems at Terminal A and Terminal B at the Airport, the purposes of which are to allow baggage to move through faster and better, and to allow for more effective screening. KDC Systems' scope of work includes installation of control panels, along with all conduit, wiring and control devices, as well as the installation of all related devices such as photo eyes, start-stop stations, and motors. KDC Systems is replacing the current screening and baggage handling system in Terminal A, and installing a completely new screening and baggage handling system in Terminal B.
"We are delighted to be involved in this project for Mineta San Jose International Airport, an important and vital gateway for the community and for the country," said Chris Pesavento, President and CEO of Dynalectric Los Angeles. "This is exactly the type of demanding project, with rigid specifications and a unique profile, that best leverages our skills, experience and, in this case, will help our client serve the needs of hundreds of thousands of people for many years to come.
About EMCOR Group, Inc.
A Fortune 500 company with over $5.9 billion in annual revenues, EMCOR Group, Inc. (NYSE: EME) is a global leader in mechanical and electrical construction, energy infrastructure, and facilities services. EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating and maintaining the sophisticated and dynamic systems that create facility environments---such as electrical, mechanical, lighting, air conditioning, heating, security and power generation systems---in virtually every sector of the economy and for a diverse range of businesses around the world. EMCOR represents a rare combination of global reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations worldwide. The 29,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst America's "Most Admired" and "Best Performing." 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's 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, project 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, mix of business, and risks associated with foreign operations. Certain of the risks and factors associated with EMCOR's business are also discussed in the Company's 2006 Form 10-K, its Form 10-Q for the third quarter ended September 30, 2007, 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.
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