EMCOR Group, Inc. Subsidiaries To Provide Electrical Construction And Infrastructure For Renewable Energy Corporation's New Washington Polysilicon Manufacturing Facility
NORWALK, CONNECTICUT, July 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 subsidiaries Dynalectric Company of Oregon and Contra Costa Electric in California have begun work on building the electrical infrastructure for Renewable Energy Corporation's (REC) solar grade polysilicon manufacturing facility in Moses Lake, Washington. A third EMCOR company, Shambaugh & Son, had previously installed the fire sprinkler and alarm systems for the company's Control Building.
Dynalectric and Contra Costa are providing the electrical systems and process instrumentation and controls for the project's fluid bed process. The work will consist of 136 miles of power wire, 100 miles of instrument wire, five miles of cable tray, four miles of instrument air and process piping, 5,000 instruments, and 1,500 lights along with the panels, transformers, and other equipment needed to carry the power load from the site's new substation.
"REC is one of the world's largest suppliers of solar grade polysilicon, and they are a world leader in the development of the technology needed to produce it. It is extremely gratifying to be involved in the creation of such a significant manufacturing facility, such as the Moses Lake project, which will be the standard for many years to come," said Michael Dias, President and Chief Executive Officer of Contra Costa Electric.
"Renewable solar panels are in greater and greater demand and the need for solar grade polysilicon is at an all-time high," said Randy Wagner, President and Chief Executive Officer of Dynalectric Company of Oregon. "This is an extremely important facility for REC, and we are pleased to contribute to this project."
About EMCOR Group, Inc.
A Fortune 500 company with over $5.9 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 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.
EMCOR GROUP, INC.
Vice President, Marketing & Communications
Linden Alschuler & Kaplan, Inc.
Media: Suzanne Dawson/Cecile Fradkin