NV5 Awarded $10 Million by U.S. Geological Survey for Geospatial Projects
18 Julio 2024 - 7:00AM
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 $10 million by
the U.S. Geological Survey (USGS) to provide geospatial services
for improved resource management.
“The expanding role of geospatial data in water and natural
resource management, utility infrastructure reliability, national
security, and economic stability continues to drive growth in the
demand for geospatial data management and analysis," said Dickerson
Wright, PE, Executive Chairman of NV5. “As the leading geospatial
data analytics provider, NV5 is pleased to support USGS initiatives
that contribute to the responsible management and identification of
critical natural resources across the nation.”
NV5 was awarded a $3 million contract by the USGS to analyze
existing mineral deposits and identify new occurrences over 11,500
square miles in Western Texas. The project supports the USGS Earth
Mapping Resources Initiative (EMRI) which seeks to locate critical
mineral resources that are vital to national security and economic
stability.
NV5 was also awarded a $6 million contract by the USGS for lidar
collection and processing of over 8,500 square miles in Alaska that
will help enhance forest resource management, monitor coastal
erosion, support community resilience efforts, and safeguard
infrastructure for local communities.
The USGS has also awarded NV5 a $1 million contract to integrate
geospatial elevation data into the 3D Hydrography Program (3DHP) to
enhance understanding of Alaska's bodies of water and facilitate
informed resource management across the state.
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 internationally. 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
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