NV5 Awarded $8 Million Contract Expansion by Southwest Utility
August 09 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 contract for
approximately $8 million over three years to support electrical
transmission and distribution for a prominent Southwest utility.
The agreement expands NV5’s relationship with the utility
service provider to include engineering design of electrical
substations, overhead power lines, and underground transmission and
distribution assets. NV5 will also deliver testing and
commissioning services of existing assets as well as consulting and
design services for new commercial, industrial, and residential
developments.
“The nation’s aging electrical grid and demand for safe and
reliable electrical service are expected to drive expanding
investment in electrical transmission and distribution
infrastructure for the foreseeable future,” said Dickerson Wright,
PE, Chairman and CEO of NV5. “As the leader in tech-enabled,
high-value utility services, NV5 continues to expand its list of
blue-chip utility clients and expand our relationships with valued
client partners in the electrical utility sector.”
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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