Press Release
EMCOR Group, Inc. Business Receives FDIC Headquarters Facilities Management Contract
NORWALK, CONNECTICUT, April 15, 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 EMCOR Government Services unit has been awarded a consolidated facilities management contract for the Federal Deposit Insurance Corporation’s (FDIC) headquarters in Washington, D.C. and Arlington, Virginia. The three-year, $27-million agreement covers several innovative, green, and traditional 24/7 support services.
EMCOR Government Services will support the FDIC’s mission-critical and engineering systems, as well as provide HVAC services, general maintenance and repair, janitorial services, pest control services, landscaping, interior plant maintenance, building automation services, trash removal, and minor construction/tenant alterations.
EMCOR’s performance of the facilities management contract with the FDIC will include several innovative technical approaches designed to improve efficiency, environmental sustainability, and tenant well being. These approaches involve incorporating a pilot program for EMCOR Energy Services’ new Energy360 solution for utilities reductions, integrating pocket PC technology with the FDIC’s work order management system, utilizing the FDIC’s own innovation and industry best practices for building automation and lighting efficiencies, and implementing a complete green cleaning program.
"We have enjoyed a long and rewarding partnership with the FDIC, having provided continuous support to them for a decade. This contract builds and expands upon that collaboration, and we look forward to being an integral part of showcasing the FDIC’s facilities to the building occupants and visitors for years to come,” said Michael Shelton, President of EMCOR Government Services.
About EMCOR Group, Inc.
A Fortune 500 company with over $5.0 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 140 locations worldwide. The 27,000 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.
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 Forms 10-Qs 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.
