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NV5 Awarded $10 Million Citywide Engineering Design Services Agreement with New York City Department of Transportation

HOLLYWOOD, Fla., Oct. 03, 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 on-call engineering design services for the New York City Department of Transportation (NYCDOT). The three-year agreement includes engineering design support of capital projects. NV5 fees will total $10 million.

Linda Reardon, PE, Senior Vice President and Project Principal at NV5, said, “We value NYCDOT as a long-term client, and look forward to helping them advance their capital program. We are honored that NV5 has been selected as one of only four firms to assist in the delivery of capital projects throughout the five boroughs of New York City.”

Dickerson Wright, PE, Chairman and CEO at NV5, said, “Being selected for these very critical infrastructure improvement project underscores our long successful relationship with the city of New York.”

About NYCDOT

The NYCDOT is responsible for maintenance and enhancement of the transportation infrastructure of New York City. It aims to provide safe and efficient transportation, improve traffic mobility, and rehabilitate infrastructure. The NYCDOT is responsible for 6,000 miles of streets and highways, 12,000 miles of sidewalk, and 794 bridges and tunnels. For more information about NYCDOT visit their 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.