NV5 Awarded $22 Million in New York City Facility Infrastructure Improvements
July 25 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 multiple
contracts to support park infrastructure and educational facility
improvements throughout New York City. Services that NV5 will
provide under these agreements include engineering design,
inspection services, and landscape architecture.
“We are pleased to be awarded these projects that will support
education and recreation for New York City residents and visitors,”
said Dickerson Wright, PE, Chairman and CEO of NV5. “NV5 has
partnered with many New York City departments for over 40 years to
support transportation, water, education, and green spaces, and we
are proud to contribute to the functionality and beauty of the
City’s infrastructure.”
The New York City Department of Parks and Recreation maintains
over 30,000 acres of parks, athletic fields, beaches, historic
monuments, and museums. NV5 was awarded two term agreements
totaling approximately $20 million to perform the planning and
design of these facilities as well as resident engineering and
inspection services for projects moving into construction.
NV5 was also awarded a three-year, $2 million agreement by the
New York City School Construction Authority to provide engineering
and landscape architectural design for improvements for public
schools throughout the city.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of technology, conformity assessment, and consulting
solutions for public and private sector clients supporting utility,
infrastructure, and building assets and systems. The Company
primarily focuses on six business verticals: utility services,
infrastructure engineering, testing, inspection & consulting,
buildings & program management, environmental health sciences,
and geospatial technology services. 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 Twitter, LinkedIn, Facebook, and Vimeo.
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
Source: NV5 Global, Inc.
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