EMCOR Group, Inc. Subsidiary Awarded Contract For Electrical Systems Modernization And Upgrade Of Wantagh State Parkway
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 during its third quarter conference call on October 23 that its Welsbach Electric of Long Island subsidiary has received a contract for the modernization and upgrade of electrical systems of a portion of The Wantagh State Parkway on Long Island, New York.
Welsbach Electric of Long Island will be responsible for the modernization of the Intelligent Transportation System (ITS) and lighting upgrade for The Wantagh State Parkway, a New York parkway located approximately 30 miles east of Manhattan that links the Ocean Parkway at Jones Beach State Park with the Northern State Parkway in Westbury. The area of work will cover over 13 miles and will include the installation and maintenance of new Variable Message Signs (VMS), all new parkway lighting, fiber optic cabling and splicing to termination points, Closed Circuit Television (CCTV), and Central System software and integration.
"We are very excited to be involved with this important project and look forward to helping provide Long Island with highways that are modernized and more conveniently traveled," said Joseph P. Florio, President and CEO of Welsbach Electric of Long Island. "We look forward to leveraging the sophisticated technology and capabilities of our specially trained personnel to provide our community with an improved roadway that will serve them well 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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