EMCOR Group, Inc. Subsidiary Awarded Contract for Installation of the Major Electrical Systems on Tappan Zee Bridge Replacement
NORWALK, Conn.--(BUSINESS WIRE)--EMCOR Group, Inc. (NYSE:EME), a Fortune 500® leader in mechanical and electrical construction, industrial and energy infrastructure, and building services for a diverse range of businesses, announced that, as previously reported during its July, Second Quarter 2014 Earnings Call, its subsidiary, Welsbach Electric, has been awarded a contract for the installation of the electrical systems on the replacement of the Tappan Zee Bridge, which connects New York’s Rockland and Westchester Counties, over the Hudson River. This multi-year, multi-billion dollar project of the New York State Thruway Authority consists of two separate bridge structures, one for each direction of travel; each structure is approximately three miles long.
“This is an enormously important, high-profile project, and we are honored to be a part of it”
Welsbach Electric will be responsible for installation of the major electrical systems for the Tappan Zee Bridge, including power, intelligent transportation, security, and communications. The scope of work also includes installation of roadway and aesthetic lighting, temporary electronic tolling, structural health monitoring and life safety systems. Welsbach will be installing over a half million feet of conduit and three million feet of wire and cable over the course of the contract.
“This is an enormously important, high-profile project, and we are honored to be a part of it,” stated Ken Brouwer, President and CEO, Welsbach Electric. “The Tappan Zee Bridge is an icon and millions of commuters each year depend on its safety and reliability. We look forward to being a part of helping to make these new structures a reality.”
About EMCOR Group, Inc.
A Fortune 500 company with estimated 2014 revenues of ~$6.6B, EMCOR Group, Inc. (NYSE:EME) is a leader in mechanical and electrical construction, industrial and energy infrastructure, and building 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 28,000+ 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 2013 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.