NV5 Awarded $8 Million Geospatial Contract to Support Northern California Wildfire Mitigation
September 29 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 an $8 million
contract by the US Geological Survey (USGS) to support wildfire
studies and mitigation efforts in Northern California. This
new agreement is an expansion of two prior contracts awarded to NV5
by the University of California (UCSD) and USGS to support wildfire
studies and mitigation efforts in California’s Northern and
Southern Sierra Mountain Ranges.
“Diminished water supplies due to extreme drought across the
West have increased wildfire risk, and NV5 continues to lead the
industry in providing geospatial and engineering services to
understand and combat these environmental threats,” said Dickerson
Wright, PE, Chairman and CEO of NV5. “NV5’s geospatial analysis and
award-winning water resource engineering solutions are a key
component of California’s efforts to minimize drought and wildfire
impacts.”
The project supports a multi-agency funding partnership that
includes federal, state, and regional entities and includes
topographic lidar data acquisition and processing of 19,137 square
miles of the North Coast of California. Geospatial data from the
program will support various applications with a primary focus on
providing highly accurate topographic data critical to wildfire
studies, water resource management, and land use
management.
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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