NV5 Expands New York City Parks and Recreation Relationship with $11 Million Engineering and Planning Awards
March 13 2023 - 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 $11 million in
new contracts by the New York City Department of Parks and
Recreation to provide engineering design throughout the City and
planning services for the Coney Island Boardwalk reconstruction.
NV5 was selected for a three-year, $9 million contract to design
civil and structural engineering improvements for facilities such
as parks, recreation centers, piers, marinas, and waterfront
structures. This contract is NV5’s first engineering design
agreement with the Department of Parks and Recreation and expands
upon the landscape architecture, planning, and inspection services
that NV5 currently provides to the agency.
NV5 was also awarded a $1.5 million contract to develop a
phasing plan and design guidelines for The Coney Island Boardwalk
Pre-Design Study. The study is the first phase of a project to
reconstruct the boardwalk to address its deteriorating condition
and improve the resiliency of the boardwalk, adjacent facilities,
and surrounding neighborhoods.
“We have served the New York City Department of Parks and
Recreation for close to 20 years, and we are pleased that the
agency has recognized NV5’s commitment to excellence by expanding
our services and involving NV5 in critical resiliency projects,”
said Dickerson Wright, PE, Chairman and CEO of NV5. “We look
forward to continuing our support of New York City infrastructure
improvements that serve the community and protect against climate
change and sea level rise.”
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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