NV5 Awarded $7 Million in Critical Infrastructure Contracts by the North Carolina Department of Transportation
November 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 approximately
$7 million in contracts by the North Carolina Department of
Transportation (NCDOT) to support critical infrastructure projects
throughout the state.
NV5 was awarded a two-year, $4 million contract to
provide feasibility and corridor studies, design evaluations,
traffic analyses, NEPA/SEPA planning, and public outreach services
to support highway infrastructure projects.
NV5 was also awarded a $3 million contract for
bridge design, preservation, and replacement planning and design.
The two-year project scope includes basic to complex highway
structures including bridges, culverts, retaining walls, and
utility attachments.
“NV5 is pleased to be selected by NCDOT for these
awards to support the safety and reliability of transportation
infrastructure,” said Dickerson Wright, PE, Chairman and CEO of
NV5. “NV5’s team of experts is committed to delivering sustainable
and efficient solutions to meet the State’s growing transportation
needs.”
“Over the past 27 years, NV5 has provided an array
of services to the NCDOT,” said Elizabeth Phipps, PE, Southeast
Director of Transportation of NV5. “We are proud to continue to
leverage our capabilities to make an impact on transportation
infrastructure in North Carolina.”
About NV5
NV5 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 Statements
This 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 Contact
NV5 Global, Inc.Jack CochranVice President,
Marketing & Investor RelationsTel: +1-954-637-8048Email:
ir@nv5.com
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