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NV5 Announces Additional Commissioning Task Order for U.S. Embassy in Beirut, Lebanon

HOLLYWOOD, Fla., July 18, 2018 (GLOBE NEWSWIRE) -- NV5 Global, Inc.(Nasdaq:NVEE) (“NV5” or the “Company”), a professional and technical engineering and consulting solutions provider, announced today that it has been selected to provide commissioning services to the U.S. Department of State’s Bureau of Overseas Buildings Operations (OBO) for a new embassy compound located in Beirut, Lebanon. The multi-building facility is located on a 43-acre site in the suburb of Awkar. The latest of 49 projects that NV5 has completed with OBO since 2007, this task order adds an additional $2 million in contracted fees which now total over $20 million.

Charles G. Wendt, PE, Program Manager at NV5 said, “Our team of dedicated commissioning professionals takes great pride in being part of OBO’s New Embassy Construction program.”

Randy Lorenz, PE, Senior Vice President at NV5 said, “NV5 appreciates the importance of this assignment and we feel privileged to support the U.S. Department of State in their mission.”

Dickerson Wright, PE, Chairman and CEO of NV5 said, “NV5 is honored to continue to be selected by the State Department as a resource for commissioning services. This project is another example of the value our Buildings Technology and Science group can provide to both public and private sector clients.”

About OBO

Since 1999, OBO has completed 144 new diplomatic facilities and has an additional 57 projects now in design or under construction as part of the Department’s Capital Security Construction Program. OBO’s Mission is to represent the U.S. Government to the host nation by providing safe, secure, and functional facilities that support OBO staff in the achievement of U.S. foreign policy objectives. For more about OBO, visit the Bureau’s website.

About NV5

NV5 Global, Inc. (NASDAQ:NVEE) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. NV5 primarily focuses on five business verticals: construction quality assurance, infrastructure engineering and support services, energy, program management, and environmental solutions. The Company operates out of more than 100 locations nationwide and abroad in Macau, Hong Kong, and the UAE. 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.

Contact

NV5 Global, Inc.                                           
Jenna Carrick
Investor Relations Manager
Tel: +1-916-641-9124
Email: ir@nv5.com

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Source: NV5 Global, Inc.