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Press Releases
EMCOR Group, Inc. Subsidiary Awarded Contract For Mechanical Systems Upgrades At California State University Channel Islands
NORWALK, CONNECTICUT, November 4, 2008 - 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 University Marelich Mechanical subsidiary has received a contract to upgrade and convert a number of mechanical systems relating to indoor environmental comfort at the California State University Channel Islands in Camarillo, California.
University Marelich Mechanical will be responsible for installing the HVAC and plumbing systems in a new 1,265-ton central plant at the campus, which will convert purchased steam into chilled and heated water that will be distributed into a campus-wide loop.
Additionally, its services will include the conversion of three existing 1930's buildings from steam heating to a central HVAC system. The conversion will include demolition of existing air handlers, cast iron steam radiators and associated duct and branch piping and will re-connect new air handlers to existing duct mains, adding necessary duct branches for air distribution.
Construction of the three buildings is on a leapfrog schedule to accommodate school schedule and occupancy needs.
"We are pleased to again be working for the California State University Channel Islands," said Scott Baker, President and CEO of University Marelich Mechnical. "We have a keen appreciation for the important role indoor environmental comfort plays in the learning process. The upgraded mechanical systems we're providing the campus and community today will provide a world-class learning, teaching, and meeting facility for our children for years to come."
About EMCOR Group, Inc.
A Fortune 500 company with estimated 2008 revenues of $6.8 - $7.0 billion, 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 reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations worldwide. The 30,000 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 2007 Form 10-K, its Form 10-Q for the third quarter ended September 30, 2008, 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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FOR: EMCOR GROUP, INC.
CONTACT:
Mava Heffler
Vice President, Marketing & Communications
203-849-7814
Linden Alschuler & Kaplan, Inc.
Media: Suzanne Dawson/Cecile Fradkin
212-575-4545
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