NV5 Awarded $17 Million in New Jersey Utilities Contracts
20 Noviembre 2023 - 7:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a
provider of technology, conformity assessment, and consulting
solutions, announced today that it been awarded $17 million in
contracts to support utility projects in New Jersey.
NV5 has been awarded a two-year, $12 million contract by a New
Jersey gas utility to provide comprehensive design, procurement,
and construction inspection services on various improvement
projects. NV5 will deliver engineering services for a variety of
critical areas, including metering and regulation (M&R) station
upgrades, gas transmission main replacements involving trenchless
technologies, gas facility structural support solutions, and
feasibility route studies.
NV5 has also secured a three-year, $5 million contract to
provide utility technical support and utility management solutions
for the New Jersey Department of Transportation (NJDOT). Under this
contract, NV5 will offer project constructability reviews relating
to utilities, the review of utility conflicts and relocation plans,
the provision of mitigation and avoidance strategies, and the
preparation of utility and railroad procedural manuals.
“NV5’s expertise in utility infrastructure development continues
to be in high demand as investments in essential infrastructure
drive improvements to the nation’s electric and gas grid,” said
Dickerson Wright, PE, Chairman and CEO of NV5. “We are dedicated to
contributing to the ongoing development of safe and reliable
utility services, and these projects are expected to contribute to
the increased organic growth of NV5.”
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
Source: NV5 Global, Inc.
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