NV5 Awarded $8 Million in California Transportation Infrastructure Contracts
October 20 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 contracts by
the California Department of Transportation (Caltrans), Stanislaus
County, and Calaveras County valued at approximately $8 million to
support critical California transportation infrastructure. Under
the scope of these contracts, NV5 will provide engineering design,
construction inspection, and not-at-risk construction management
services for critical roadway construction and improvement
projects.
“The economic development of the communities where we live and
work depends on reliable and efficient transportation
infrastructure,” said Dickerson Wright, PE, Chairman and CEO of
NV5. “NV5 has provided engineering, surveying, and inspection
services to Caltrans and California municipalities for two decades,
and we are pleased to support future transportation improvements
through these new contract awards.”
Caltrans District 9 selected NV5 to provide construction
management services for the State Route 395 Olancha-Cartago
4-Lane Project in Inyo County. The project will expand 12.6 miles
of the existing U.S. Highway from a two-lane conventional highway
into a four-lane expressway and is expected to be completed in
2024. NV5 was also awarded a three-year contract in Stanislaus
County and a four-year contract in Calaveras County to provide
engineering, inspection, testing, claims, and constructability
support services for various transportation projects.
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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