NV5 Awarded $7 Million in Transportation Infrastructure Projects
February 22 2022 - 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 awarded approximately $7 million in contracts to support
critical transportation infrastructure improvements in California,
New York, and South Carolina. Services provided under these
contracts will support new infrastructure investments and
rehabilitation of existing transportation assets.
“Reliable transportation infrastructure is essential for the
safety and economic growth of the communities in which we live and
work,” said Dickerson Wright, PE, Chairman and CEO of NV5. “We are
proud to support the entire lifecycle of our clients’
infrastructure needs from the permitting and feasibility of new
projects to the integrity and condition of existing transportation
assets.”
In California, Caltrans selected NV5 for a two-year, $2.2
million contract to perform civil program management services on
the Olancha Cartago Four Lane Project, which will convert 12.6
miles of two-lane conventional highway into a four-lane
expressway.
The New York State Thruway Authority selected NV5 for a
two-year, $3 million Construction Inspection Services contract to
include projects involving roadways, bridges, facilities, and
Intelligent Transportation System (ITS) repair and
installation.
The South Carolina Department of Transportation also awarded NV5
a three-year contract to perform survey services to support the
feasibility, design, permitting, and construction of transportation
infrastructure projects throughout the State. NV5 anticipates $1.5
million in revenues over the duration of the contract.
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’s services include multiple verticals such
as 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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