NV5 Awarded $11 Million Essential Infrastructure Projects in California and New Mexico
March 29 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
contracts to support utility and transportation infrastructure
improvements in California and New Mexico.
“Safe and reliable infrastructure is not dependent on economic
conditions, and continuous improvements to infrastructure are
required,” said Dickerson Wright, PE, Chairman and CEO of NV5. “We
are pleased to contribute NV5’s technical expertise to improving
energy, transportation, and building safety and reliability in the
Western US and across the country.”
A major California utility selected NV5 for approximately $5
million in surveying contract awards to support electrical service
reliability. NV5 will provide topographic, boundary, construction,
route, and utility inspection surveys as part of utility
infrastructure improvements including electrical system hardening,
fire mitigation, and utility distribution enhancements.
The New Mexico Department of Transportation awarded NV5 a $3
million contract to provide engineering design services for roadway
and alignment improvements on New Mexico State Road 68. The
roadway improvements include a full renovation of roadways
including ADA compliance services to improve safety for drivers,
pedestrians, and cyclists.
NV5 was also selected by the City of San Diego Development
Services Department for a $3 million plan check and inspection
services contract. Under the agreement, NV5 will provide
multidisciplinary engineering, building and safety plan review,
records management, and building inspection services to assist the
city with infrastructure and building permit processing.
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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