NV5 Awarded $7 Million for Pedestrian Safety Improvements by the New York City Department of Design and Construction
October 16 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 a $7 million
contract to design pedestrian safety improvements along Lexington
Avenue in New York City by the New York City Department of Design
and Construction (“NYCDDC”).
NV5 will deliver engineering design, project management, and
inspection services for the three-year project along Lexington
Avenue from 41st to 49th Street and 49th Street from Lexington
Avenue to 3rd Avenue. The improvements will enhance safety and
provide equitable mobility for all users by providing traffic
calming measures, ADA-compliant walking routes, upgrades to
accessible pedestrian signals, drainage improvements, and
subsurface utility infrastructure upgrades to support the recent
Midtown rezoning. NV5 has provided professional design and resident
engineering inspection services to the NYCDDC since the
department’s inception in 1996.
“We are pleased to support sustainable infrastructure through
pedestrian safety and accessibility for the residents and visitors
of New York City,” said Dickerson Wright, PE, Chairman and CEO of
NV5. “NV5 has a long history of delivering award-winning projects
to the NYCDDC, and we look forward to continuing our relationship
with the Department.”
“We are proud and eager to support the New York City Department
of Design and Construction in its efforts to improve safety and
provide accessibility for all,” said Joseph Menzer, PE, DBIA, V.P.,
Director of New York Operations.
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, construction quality assurance,
buildings & technology, environmental health sciences, and
geospatial 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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