Leading Northeast Utility Selects NV5 for $16 Million LNG Infrastructure Upgrade
August 03 2021 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq:
NVEE), a provider of compliance, technology, engineering,
and environmental consulting solutions, announced today that it has
been selected for a $16 million contract to upgrade liquefaction
infrastructure at a Northeast utility’s liquefied natural gas (LNG)
facility. NV5 will provide engineering and procurement services for
the upgraded facility. Liquefaction conversion provides utilities
the ability to store large quantities of natural gas in a liquefied
state. This liquefied natural gas can then be vaporized and used to
supplement gas supplies during peak demand periods improving both
the reliability and overall economics of the gas supply.
NV5 was previously awarded the engineering design and
liquefaction procurement services for this multi-phase project,
which is expected to be completed in July of 2022.
“Utility support continues to be one of NV5’s fastest growing
verticals due to the increasing demand for reliable, safe, and
efficient power and the specialized nature of utility engineering,”
said Dickerson Wright, PE, Chairman and CEO of NV5. “Our
utility-specific expertise and suite of technologies provides a
unique value to our clients and a competitive advantage when
pursuing the growing number of electric and gas infrastructure
projects.”
“The demand for modernization and expansion of LNG facilities
continues to be strong, and we are pleased to contribute to the
safe and reliable delivery of energy to our clients’ customers,”
said Peter Dirksen, PE, President of NV5 LNG Services.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of compliance, technology, engineering, and environmental
consulting solutions for public and private sector clients
supporting sustainable infrastructure, utility, and building assets
and systems. The Company focuses on multiple verticals: testing,
inspection & consulting, infrastructure, utility services,
buildings & program management, environmental health sciences,
and geospatial technology services to deliver innovative,
sustainable solutions to complex issues and improve lives in our
communities. 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 LinkedIn, Twitter, Facebook,
and Instagram.
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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