US Geological Survey Selects NV5 to Provide Services for Geospatial Contract valued up to $850 Million
September 14 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 the US
Geological Survey (USGS) has selected NV5 for a multiple-award
indefinite delivery contract with a ceiling of $850M for Geospatial
Product and Services Contract (GPSC4). Services provided under the
GPSC4 contract support federal, state, and municipal government
entities that partner with the USGS for their geospatial data
requirements.
GPSC4 supports multiple federal and state programs including the
3D Elevation Program, FEMA Flood Mapping, 3D National Hydrography
Program, and Earth Mapping Resources Initiative. Under the
contract, NV5 will provide advanced geospatial data acquisition,
processing, and analytics utilizing leading-edge technologies such
as topographic lidar, riverine and coastal topo-bathymetric lidar,
multispectral imagery, geophysical surveying, and elevation-derived
hydrography.
“Since 1997, NV5 Geospatial has supported the USGS as the
nation’s leading resource for geospatial data by delivering the
latest geospatial technologies and data analytics to the USGS and
its partners,” said Dickerson Wright, PE, Chairman and CEO of NV5.
“Services provided under the GPSC4 contract will support water
quality and conservation, floodplain and coastal management, sea
level rise, natural resource conservation, infrastructure
management, aviation safety, and renewable energy.”
The GPSC4 contract has a maximum duration of five years and is
the successor to GPSC3. NV5 was awarded $135 million in revenue on
the GPSC3 contract over a period of five years. GPSC contracts are
AE qualifications-based awards, and NV5 has held consecutive
contracts for over 20 years.
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
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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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