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NV5 Awarded $21 Million Contract for California Department of Transportation

HOLLYWOOD, Fla., Aug. 29, 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 construction engineering, inspection, and materials sampling and testing services for District 10 of the California Department of Transportation (Caltrans) over the next three years. Award of this contract brings total NV5 fees with District 10 to $70 million since 2007.

Jeff Pallesen, PE, Vice President and Project Manager at NV5, said, “We strive to provide excellent service to clients like Caltrans, and are honored that NV5 has been selected as the best qualified firm to assist them in the delivery of their construction program.”

Dickerson Wright, PE, Chairman and CEO at NV5, said, “We are pleased that Caltrans District 10 continues to recognize NV5 as a valued resource for on call services in Central California. We look forward to continuing this relationship.”

About Caltrans

Caltrans manages roughly 50,000 miles of California’s highways, freeways, railroads and public use transportation facilities in 12 districts. For more than 100 years Caltrans has pursued its mission to provide a safe, sustainable, integrated and efficient transportation system that will enhance California’s economy and livability. Caltrans’s history can be traced back to appointment of the Lake Tahoe Wagon Commissioner and the Bureau of Highways Commissioners in 1895. The Bureau studied highway needs and initially recommended a 4,500 mile state highway system. Today Caltrans has more than 18,000 employees in six major divisions: Aeronautics, Highway Transportation, Mass Transportation, Transportation Planning, Administration and Equipment Service. For more about Caltrans, 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.