U.S. Department of Agriculture Selects NV5 for $8 Million Geospatial Forestry Contract
July 07 2021 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq:
NVEE), a provider of professional and technical
engineering, geospatial, and consulting solutions, announced today
that the U.S. Department of Agriculture (USDA) has selected
NV5 for an $8 million contract to provide geospatial services to
support forestry management in Alaska. NV5 will provide digital
aerial imagery of the Tongass and Chugach National Forests over the
five-year duration of the contract.
The data collected by NV5 will contribute to the management of
the USDA Forest Service’s National Forests and other critical
natural areas in Alaska. The imagery will support management of the
region and provide information to policy makers, resource managers,
and the public about the condition of forests and trends that may
impact the sustainability of forest lands.
“Geospatial data is a disruptive technology that continues to
provide new insights for the management of natural resources,
including shoreline resilience, water resources and conservation,
and forest health and management,” said Dickerson Wright, PE,
Chairman and CEO of NV5. “NV5 geospatial is a leader in the
development of innovative data collection and analytics solutions
to support natural resources management, and we are pleased to
contribute to the sustainable management of forests in Alaska and
across the country.”
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, 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
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