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4-Traders Homepage  >  Equities  >  Nyse  >  ABM Industries, Inc.    ABM

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ABM IND : The Linc Group Installs First Electric Vehicle Charging Stations for Laguna Beach Climate Protection Initiative

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06/22/2011 | 03:20pm CET

The Linc Group, an ABM Industries (NYSE:ABM) company, has installed the first electric vehicle (EV) charging stations in downtown Laguna Beach, California, an important element in the City's wider effort to implement an array of climate protection measures. The EV charging stations are part of the ChargePoint America Program administered by the Department Of Energy, which provided a grant for the EV station equipment.

The EV charging stations were officially unveiled at a June 21 press event conducted by the Laguna Beach City Council. Representatives from The Linc Group attended the event.

The new charging stations will provide free charging services of up to four hours per electric vehicle per day. The stations managed by the ChargePoint® Network are accessible to all EV drivers by making a call to the 24/7 number posted on each station, signing up for a ChargePass? smart card or paying by credit card.

The new stations are open to all drivers of plug-in electric vehicles. In addition to providing free charging for electric vehicles, the stations will also enable drivers to check the real-time status and location of unoccupied charging stations and track and report greenhouse gas and gasoline savings. Drivers can receive charging status notifications by SMS, email or smart phone (iPhone and Blackberry) applications.

The EV charging stations were manufactured by Coulomb Technologies, Inc.

"We are proud to be a part of this sustainability initiative in partnership with the City of Laguna Beach," said Ken Sapp, vice president of Linc EnergyHub. "The Linc Group is strongly committed to providing superior, sustainable services to all of our clients across all of our service areas - including IT, electrical, lighting, controls and HVAC. We also are pleased to have the opportunity to work once again with Coulomb Technologies to help deliver leading sustainability solutions."

About ABM Industries Incorporated

ABM Industries Incorporated (NYSE:ABM), which operates through its subsidiaries (collectively "ABM"), is the leading provider of integrated facility services in the United States. With fiscal 2010 revenues of approximately $3.5 billion and nearly 100,000 employees, ABM provides commercial cleaning and maintenance, facility engineering, energy efficiency, parking and security services for thousands of commercial, industrial, government and retail clients across the United States and various international locations. ABM's business services include ABM Janitorial Services, ABM Facility Services, ABM Engineering Services, Ampco System Parking and ABM Security Services. For more information visit www.abm.com.

ABM Industries Incorporated
Media:
Tony Mitchell, 212-297-9828
[email protected]
or
Chas Strong, 770-953-5072
[email protected]
or
Investors & Analysts:
David Farwell, 212-297-9792
[email protected]


© Business Wire 2011
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Financials ($)
Sales 2017 5 449 M
EBIT 2017 174 M
Net income 2017 65,6 M
Debt 2017 109 M
Yield 2017 1,70%
P/E ratio 2017 89,07
P/E ratio 2018 29,26
EV / Sales 2017 0,50x
EV / Sales 2018 0,42x
Capitalization 2 611 M
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Average target price 48,6 $
Spread / Average Target 21%
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Scott Salmirs President, Chief Executive Officer & Director
Sudhakar Kesavan Non-Executive Chairman
Scott J. Giacobbe Chief Operating Officer & Executive Vice President
Diego Anthony Scaglione Chief Financial Officer & Executive Vice President
Linda L. Chavez Independent Director
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