US Geological Survey Selects NV5 for $6 Million in Geospatial Services
December 06 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 awarded NV5 approximately $6 million
of geospatial task orders under the Geospatial Product and Services
Contract (GPSC4) that was announced in September. These awards
support three of USGS’s primary mapping initiatives: the 3D
Elevation Program (3DEP), the Earth Mapping Resources Initiative
(EarthMRI), and the 3D Hydrography Program (3DHP). Data collected
and analyzed across these three initiatives is used to make
critical decisions related to the environment, infrastructure,
water resources, and natural resources.
“The use of geospatial data to support environmental initiatives
and infrastructure improvements continues to grow,” said Dickerson
Wright, PE, Chairman & CEO of NV5. “NV5’s advanced geospatial
data analytics deliver valuable insights to help our clients manage
these issues and also provide NV5 with a competitive advantage in
the growing geospatial market.”
Under these task orders, NV5 will perform the geospatial
collection and data processing of over 17,000 square miles of 3DEP
lidar data and more than 92,000 line kilometers of airborne
magnetic and radiometric geophysical data in support of EarthMRI in
Southern California. NV5 will also deliver over 23,000 square miles
of elevation-derived hydrographic mapping of five watersheds
located in northern Alaska as part of 3DHP.
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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