NORWALK, Conn.--(BUSINESS WIRE)--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 Los Angeles subsidiary has been awarded contracts by the City of Los Angeles, California, to upgrade and modify the existing traffic signal equipment in the Wilmington and Canoga Park districts of Los Angeles, as part of the City’s new Automated Traffic Surveillance and Control System.
Dynalectric will be responsible for the replacement of all of the signal controllers for both districts, as well as related installation of conduit, fiber optic cables, video cameras and poles, pavement-embedded loop detectors, and video and data communication equipment. Some intersections may also require the replacement and installation of certain equipment intended to enhance the safety of motorists and pedestrians who use the intersections.
"As a major electrical contractor that has performed roadway projects for the City of Los Angeles and surrounding areas, Dynalectric is proud to have again been selected to serve the City,” stated Chris Pesavento, President and CEO of Dynalectric Los Angeles. “The purpose of the new Automated Traffic Surveillance and Control System is to allow for smoother traffic flow through the area, which will benefit users of traffic infrastructure.”
About EMCOR Group, Inc.
A Fortune 500 company with estimated 2011 revenues of $5.3B - $5.5B, 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 ~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 2010 Form 10-K, its Form 10-Q for the first quarter ended March 31, 2011, 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.