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NV5 Awarded $3 Million Commissioning Contract for Texas Facilities Commission

HOLLYWOOD, Fla., June 12, 2018 (GLOBE NEWSWIRE) -- NV5 Global, Inc.(Nasdaq:NVEE) (“NV5” or the “Company”), a professional and technical engineering and consulting solutions provider, announced today that is has been selected by the Texas Facilities Commission (TFC) to provide professional commissioning services on the Texas Capital Complex, Phase 1 in Austin. The project is broken into multiple packages and will include a central utility plant expansion and new utility tunnel, two new office buildings with five levels of underground parking, and the Texas Mall, which will serve as the northern gateway to the Texas Capitol Complex. NV5 fees for this project will be approximately $3 million over five years.

Alex Gonzales, PE, Project Manager at NV5 said, “We are so proud to be working with the TFC Team on the Capitol Complex Phase 1 program. Participating in the transformation of this portion of the 40 block area around our state capitol is a privilege, particularly as an Austin Texas citizen.”

Rey Roca, Vice President of Buildings Technology and Science (BTS) and Project Principal at NV5 said, “NV5 is honored to serve the Texas Facilities Commission and the entire team as Commissioning Authority on this project. We look forward to building on a long history of delivering solutions for our government sector clients.”

Dickerson Wright, PE, Chairman and CEO of NV5 said, “We appreciate being recognized by the Texas Facilities Commission for this strategically important assignment. We look forward to a successful relationship.”

About the Texas Facilities Commission

The TFC is a state agency responsible for managing state government buildings, with a focus on functionality and efficiency. The TFC oversees planning and real estate management as well as facilities design and construction. For more about the TFC, visit their website. For more information about the Capitol Complex project, 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.