NV5 Awarded $6.6 Million Geospatial Contract by Investor-Owned Utility
March 08 2021 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a
provider of compliance, technology, and engineering consulting
solutions, announced today that Quantum Spatial, a division of NV5,
has been awarded a $6.6 million contract by one of the nation’s
largest energy utilities to provide geospatial analytics to support
vegetation management and asset protection for critical electrical
transmission infrastructure. This award has been released under a
multi-year, sole-sourced contract to provide geospatial vegetation
management solutions across the utility’s service area.
Under this contract, NV5 will provide rapid-turnaround lidar,
imagery, and data analytics to identify vegetation growth threats
along transmission corridors in six states. The information
provided under this program will support safe and reliable power
delivery to the utility’s customers and contribute to the client’s
resource allocation and capital planning.
“The recent devastating weather events in Texas remind us how
much we depend on the delivery of reliable energy to our homes and
businesses,” said Dickerson Wright, PE, Chairman and CEO of NV5.
“We are pleased to help our utility clients around the country
identify risks, plan for future capital investments, and deliver
dependable electrical and gas service to their customers.”
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
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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