EMCOR Group, Inc. Subsidiary Awarded Contract For Installation Of Mechanical Systems At The University Of Arizona College Of Medicine--Phoenix
NORWALK, CONNECTICUT, February 2011 - 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 Mechanical & Engineering Contractors, Inc. subsidiary has been awarded a contract for the installation of all mechanical systems at the Health Science Education Building at the University of Arizona College of Medicine in Phoenix, Arizona.
University Mechanical & Engineering Contractors (UMEC) will be responsible for installing the HVAC systems, the building controls system, plumbing systems, as well as the laboratory piping and exhaust systems, in the 264,000 square-foot, six-story facility.
To be used to train new physicians and strengthen the University of Arizona's College of Pharmacy and other health-related colleges on the University of Arizona's Biomedical Campus located in downtown Phoenix, construction of the facility began in October 2010 and is scheduled for completion in summer 2012.
"We're pleased to have been selected to perform critical work on this sophisticated, University of Arizona facility," stated Brad Thornton, President and CEO of UMEC. "We have much experience with the unique challenges presented and skills required when working at medical and biomed complexes, and we are delighted to have an opportunity to channel our expertise into this very important project."
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, its Form 10-Q for the third quarter ended September 30, 2010, 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.