Recent NV5 Acquisition Axim Geospatial Awarded $9 Million in National Security Contracts
March 06 2023 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq:
NVEE), a provider of technology, conformity assessment,
and consulting solutions, announced today that its wholly owned
subsidiary, Axim Geospatial, LLC (“Axim”), has been awarded $9
million in national security geospatial contracts by intelligence
agencies and the Department of Defense.
The scope of the awarded orders includes the creation and
integration of authoritative geospatial intelligence (GEOINT) from
traditional and non-traditional sources. Finished data and products
are key enablers for members of the armed forces, policymakers, and
partners worldwide in support of national security priorities,
precisely pinpointing the location of events happening around the
globe. Axim Geospatial applies automated capabilities including
artificial intelligence/machine learning (AI/ML) to rapidly detect
and produce highly accurate and timely topographic features such as
hydrography, transportation, buildings, and landcover for mapping
and charting.
“Axim’s leadership position in national security geospatial data
analytics was a key factor in the strategic decision to acquire
Axim, and these awards are evidence of the valuable insights that
we bring to the defense and intelligence community,” said Dickerson
Wright, PE, Chairman and CEO of NV5. “As the nation’s largest
provider of geospatial data solutions, we are proud to support this
important work, and we look forward to our continued role in
supporting our country’s national security.”
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 focuses on multiple verticals: testing,
inspection & consulting, infrastructure engineering, utility
services, buildings & owner representation, 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.
About Axim Geospatial, an NV5 CompanyAxim uses
geospatial expertise to provide clarity and solutions to help
customers solve national security, infrastructure, and
environmental problems. Our core competencies include big data
services, geomatics, business solutions, cloud services,
infrastructure security, analytics, and professional services. Our
customers include national, state, and local government, defense
and intelligence, infrastructure, energy, commercial, and
environmental customers. Axim operates out of offices nationwide.
http://www.aximgeo.com.
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
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