EMCOR Group, Inc. Subsidiary Awarded Contract For Installation Of Electrical Systems For Port Of Los Angeles
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 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 Dynalectric subsidiary has been awarded a contract for the installation of alternative maritime power (AMP) and crane cable for the Port of Los Angeles at Terminal Island, California. Dynalectric will be responsible for the installation of the underground electrical distribution, medium voltage switchgear, and associated civil work for 15 AMP (6.6 KV) outlets at the Port. Instead of running on diesel power while at berth, AMP equipped ships “plug in” to a shore side electrical power source resulting in reduced emissions while docked. AMP technology is often referred as “cold ironing” and has been used for naval vessels, Baltic ferries, and cruise ships operating in Alaska. The Port of Los Angeles is the first port in the world to use AMP technology for in-service container ships. "We’re pleased to be working with the Port of Los Angeles on this important project," stated Johnny Menninga, President, Dynalectric. "Helping to provide the first AMP technology for use by container ships is an exciting aspect of the project, and coordinating around a busy ship berthing schedule for an active terminal plays to Dynalectric’s strength of flexibility and being able to accommodate challenging and changing timelines." About EMCOR Group, Inc. A Fortune 500 company with estimated 2012 revenues of ~$6.3B, EMCOR Group, Inc. (NYSE: EME) is a leader in mechanical and electrical construction, energy infrastructure, and facilities services. A 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 2011 Form 10-K 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.