NV5 Awarded $23 Million LNG Utility Contract Supporting ENERGY 2021 Initiative
March 17 2021 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), announced
today that it has been awarded a $23 million liquefied natural gas
(LNG) vaporization replacement project by a major Midwest utility.
NV5 will provide engineering, procurement, and construction (EPC)
services for the design and installation of modern vaporization
equipment to increase the efficiency and capacity of the LNG
facility.
The new vaporization equipment will increase the facility’s
output capacity by approximately 150% to support increased natural
gas demand during periods of peak usage. The project duration is
approximately 20 months and is expected to be completed in November
2022.
“LNG facility modernization continues to be a driver of our
Utility Services vertical and our ENERGY 2021 initiative, and we
are pleased to deliver turnkey LNG solutions to help meet the
growing energy demands of the population,” said Dickerson Wright,
PE, Chairman and CEO of NV5.
“We are proud to provide specialized engineering design and
technical services to support the upgrade and modernization of
existing LNG facilities for our utility clients,” said Peter
Dirksen, PE, President of NV5 LNG Services.
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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