NV5 Awarded $8 Million LNG Upgrade Contract by Northeast Utility
November 19 2020 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a
provider of compliance, technology, and engineering consulting
solutions, announced today that it has been selected to provide $8
million in engineering, procurement, and construction (EPC)
services to upgrade a liquefied natural gas (LNG) facility owned
and operated by a Northeast utility. The improvements are part of a
multi-phase project, and NV5 was previously awarded the engineering
and design for the upgrade. The updated facility will increase
the safety, efficiency, and reliability of the gas supply to the
utility’s service area.
“We have seen significant growth in this sector as we support
utility investments to modernize the electrical grid and gas
distribution infrastructure and improve the reliability and safety
of transmission and distribution,” said Dickerson Wright, PE,
Chairman and CEO of NV5. “NV5’s expertise in engineering design,
inspection, quality assurance, and geospatial solutions for the
utility industry provides a turnkey solution for our clients and a
competitive advantage for our Utility Services vertical.”
“We are pleased to contribute to the reliable delivery of
natural gas to our utility clients’ service areas through
improvements to the safety and efficiency of their liquefaction and
other plant systems,” said Peter Dirksen, PE, President of NV5 LNG
Services.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
leading provider of compliance, technology, and engineering
consulting solutions for public and private sector clients
supporting infrastructure, utility, and building assets and
systems. The Company primarily focuses on six business verticals:
testing, inspection & consulting, infrastructure support
services, utility services, buildings & program management,
environmental health sciences, and geospatial technology services.
NV5 operates out of more than 100 offices nationwide and abroad.
For additional information, please visit the Company’s website at
www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook,
and Vimeo.
Forward-Looking StatementsThis press release
contains “forward-looking statements” within the meaning of the
safe harbor provisions of the U.S. Private Securities Litigation
Reform Act of 1995. The Company cautions that these statements are
qualified by important factors that could cause actual results to
differ materially from those reflected by the forward-looking
statements contained in this news release. Such factors include:
(a) changes in demand from the local and state government and
private clients that we serve; (b) general economic conditions,
nationally and globally, and their effect on the market for our
services; (c) competitive pressures and trends in our industry and
our ability to successfully compete with our competitors; (d)
changes in laws, regulations, or policies; and (e) the “Risk
Factors” set forth in the Company’s most recent SEC filings. All
forward-looking statements are based on information available to
the Company on the date hereof, and the Company assumes no
obligation to update such statements, except as required by
law.
Investor Relations ContactNV5 Global, Inc. Jack
CochranVice President, Marketing & Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
Source: NV5 Global, Inc.
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