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EMCOR Group, Inc. Subsidiary Awarded Contract By City Of Toronto For Upgrade At The Ashbridges Bay Wastewater Treatment Plant
NORWALK, CONNECTICUT, September 3, 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, as previously noted during its 7/30/09 Second Quarter Earnings Call, that its Comstock Canada subsidiary has received a contract from the City of Toronto for an odor control HVAC upgrade project at the Ashbridges Bay Wastewater Treatment Plant, the City of Toronto's main sewage treatment facility and the largest such plant in Canada.
Comstock will serve as the prime contractor on this project, and will self-perform the electrical and mechanical systems installation and structural construction. The plant's current HVAC and scrubber systems in two buildings will be upgraded. Comstock's scope of work involves modifications to the buildings, including installation of new boilers and ducts and a new chiller and scrubber. Also, Comstock will equip an upper floor addition of one of the buildings with new electrical and mechanical rooms, as well as install and remove a bridge crane in the buildings' wet well area and install new stairs, ladders and platforms. Electrically, its work will involve installing new transformers, upgrading the gas monitoring system and switchgear, and installing additional lighting and heaters.
"We are honored to have been chosen for this upgrade project for the Ashbridges Bay Wastewater Treatment Plant," said Geoff Birkbeck, CEO of Comstock. "With more than 100 years being the premier mechanical and electrical contractor in Canada, Comstock will provide Ashbridges the systems and expertise it needs in order to ensure a high-performance facility."
About EMCOR Group, Inc.
A Fortune 500 company with estimated 2009 revenues of $5.5 - $5.7 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 27,000 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 2008 Form 10-K, its Form 10-Q for the second quarter ended June 30, 2009, 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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EMCOR GROUP, INC.
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