Northeast Utility Selects NV5 for $25 Million LNG Infrastructure Upgrade
May 26 2022 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq:
NVEE), a provider of technology, conformity assessment,
and consulting solutions, announced today that it has been awarded
a $25 million contract by a prominent Northeast utility to provide
engineering, procurement, and installation of a new LNG
vaporization system at the utility’s plant. The new vaporization
system will replace the existing system at the facility to increase
storage capacity and reliability, while providing additional
operational flexibility for the storage and delivery of natural gas
to the utility’s service area.
The design phase of the 20-month project is underway, and final
delivery of the new vaporization system is expected to be completed
in the fourth quarter of 2023.
“We are pleased to have been selected for this LNG vaporization
project and to assist our utility client with the reliable delivery
of gas service,” said Dickerson Wright, PE, Chairman and CEO of
NV5. “Utility safety and reliability are significant drivers of
NV5’s business, and we anticipate continued client investments as
utilities work to modernize the nation’s aging electrical and gas
infrastructure.”
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of technology, conformity assessment, and 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
NV5 Global (NASDAQ:NVEE)
Historical Stock Chart
From Jun 2024 to Jul 2024
NV5 Global (NASDAQ:NVEE)
Historical Stock Chart
From Jul 2023 to Jul 2024