Hong Kong Urban Renewal Authority and Large Data Center Operator Award NV5 $3 Million in Design and Inspection Contracts
November 01 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
Hong Kong Urban Renewal Authority and a large data center operator
awarded NV5 two contracts totaling $3 million to support the
modernization of mechanical building systems and the development of
a hyperscale data center in Hong Kong.
Hong Kong’s Urban Renewal Authority selected NV5 for a
three-year, $2 million contract to provide inspections and
administration engineering services to upgrade approximately 700
elevators in the Kowloon Region. The upgrade will bring the
elevators into compliance with safety provisions and current
regulations established by the Hong Kong government. NV5 was also
awarded a $1 million contract by a major data center operator to
provide mechanical and electrical design services and commissioning
services for a 20-megawatt hyperscale data center. The project is
expected to be completed in 2022.
“We are pleased with the continued organic growth of our
international business in Asia and the Middle East,” said Dickerson
Wright, PE, Chairman and CEO of NV5. “NV5’s strategy to offer
complete building systems services including mechanical,
electrical, plumbing, and fire protection design as well as
reoccurring commissioning and energy efficiency services provides a
competitive advantage for our international and domestic facilities
businesses.”
“These wins are a testament to NV5’s reputation for buildings
systems services in Hong Kong, and we are well-positioned to
capitalize on a strong pipeline of opportunities throughout our
international markets,” said Keith Cheong, International Executive
Director at NV5.
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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