EMCOR Group, Inc. Subsidiary Awarded Contract For New York Water Treatment Plant Electrical Systems
NORWALK, Conn.--(BUSINESS WIRE)--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 Welsbach Electric subsidiary has been awarded a contract to perform the installation of the electrical systems at the Newtown Creek Water Treatment Plant in Brooklyn, New York.
Welsbach Electric is responsible for the demolition and complete electrical installation, including power, lighting and sub systems, associated with re-construction of the South Battery Grit, Aeration and Settlement tanks at the Newtown Creek Water Treatment Plant, which is currently in the midst of a 10 year, $2.5 billion dollar, capital upgrade. One of the largest portions of the contract includes electrical installation at a large control building---the South Control Building---and at three free standing electrical support buildings located adjacent to the tanks.
The largest structure at the Treatment Plant, the South Control Building, is a three-story, 45,000 square foot concrete structure. The building houses all of the major power distribution, control and instrumentation equipment for the Treatment Plant and is where Welsbach Electric will ultimately install all of the power, lighting and sub systems required for the South Control Building.
"The major scopes of electrical work to be performed at the Newtown Creek Water Treatment Plant---from large equipment installation to major conduit installations---are all areas in which Welsbach Electric excels. We look forward to being involved in the final phases of one of the largest infrastructure upgrade projects in New York City," said Keith Carney, President and CEO of Welsbach Electric.
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 second quarter ended June 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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