Press Release

EMCOR Group, Inc. Awarded Contract From NASA Jet Propulsion Laboratory For Facility Operations And Maintenance Support

NORWALK, CONNECTICUT, July 22, 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 (EGS) business has been awarded a contract valued at over $170 million for facility operations and maintenance support at the NASA Jet Propulsion Laboratory in Pasadena, California, which is managed by the California Institute of Technology. The contract provides for an initial term of three years and permits the Jet Propulsion Laboratory to extend the contract term for up to seven additional years. Approximately 160 employees from EMCOR and certain local subcontractors will support the contract.

 

EMCOR Government Services will perform and be responsible for a wide range of services at the Jet Propulsion Laboratory, including maintenance support to the space flight operations facility, diagnostic services including thermography and vibration analysis, HVAC operations and maintenance, custodial services, grounds maintenance, and elevator maintenance. Additionally EMCOR will provide services relating to disaster response, energy and water conservation, and operation of power measurement systems.

 

In addition to EGS, the EMCOR team will include local EMCOR subsidiaries, and support from EMCOR's Facilities Knowledge Center, which is EMCOR's technical services center that employs online, real-time facilities management tools and technology to maintain and improve clients' building operations, reduce costs, and increase efficiency.

 

"The cutting-edge work being done at the NASA Jet Propulsion Laboratory is among the most advanced and groundbreaking in the world, requiring the highest level of service to support it. This is an exciting assignment for us, and yet another example of the complex and comprehensive services we are able to offer clients having the most intricate and sophisticated systems. With EMCOR subsidiaries having previously worked at the Jet Propulsion Laboratory, we are proud to have been selected to be part of its team," said Michael Shelton, President of EMCOR Government Services.

 

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 first quarter ended March 31, 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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FOR:
EMCOR GROUP, INC.
CONTACT:
Mava Heffler
Vice President, Marketing & Communications
203-849-7814

 

Linden Alschuler & Kaplan, Inc.
Media: Suzanne Dawson/Cecile Fradkin
212-575-4545