Press Release
EMCOR Group, Inc. Subsidiary Awarded Contract For Installation Of Electrical Systems At St. Mary's Medical Center
NORWALK, CONNECTICUT, April 27, 2010 - 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 Hyre Electric subsidiary has been awarded a contract for the installation of electrical systems for expansion and renovation of the Emergency Department at St. Mary's Medical Center in Hobart, Indiana.
Hyre Electric will be responsible for the installation of electrical systems required for the project at St. Mary's Medical Center, including the addition of a generator, switchgear and transfer switches, medium voltage transformers, and cabling. Hyre Electric will also be responsible for low voltage distribution switchgear and panel boards, voice/data structured cabling, paging systems, CCTV Systems, access control systems, and nurse call and code blue systems.
The expansion and renovation of the hospital's Emergency Department will increase capacity from 14 to 24 rooms and will include a 24-hour security service with a waiting room and information center. Two triage rooms, one trauma room and radiology room will be added, and the existing Emergency Department will be remodeled to match the new addition. Bedside ultrasound machines and electronic medical records will be utilized in all treatment rooms.
"We are excited to be working again for St. Mary's Medical Center on a sophisticated and important expansion," said Thomas Corsiglia, President and CEO of Hyre Electric. "This systems rich project, requiring that a host of mission critical electrical systems be installed and perform to exacting specifications, optimally leverages our capabilities; at the same time, it allows us to serve the community by helping to provide an enduring and vital resource."
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 25,000 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, 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.
