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NV5 Awarded $3.4M Design Contract for New York City Department of Parks and Recreation

HOLLYWOOD, Fla., April 19, 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 was selected to provide landscape architecture design services to the New York City Department of Parks and Recreation (NYCDPR) for the reconstruction of Michaelis-Bayswater Park located in Queens, New York. A federally-funded post-Hurricane Sandy project, the contract includes reconstruction and resiliency design of the 40 acre park, the adjacent shoreline, and a new park building. The project is NV5’s seventh award under a term agreement with NYCDPR, contracted in 2017. NV5’s fees on the project will total $3.4 million.

Jackson Wandres, RLA, Director of Landscape Architecture at NV5 said, “The reconstruction of Bayswater Park is the biggest Capital Project the Parks Department has in their project development pipeline at present. NV5 was selected for the assignment through a highly competitive process, proving the client’s faith in NV5’s ability to deliver top quality design on time and within budget.”

Dickerson Wright, PE, Chairman and CEO of NV5 said, “NV5 is proud to provide a level of service that clients can continue to rely on. Our East Coast design team has been consistently recognized by the NYCDPR as an expert resource.”      

About NYCDPR

NYCDPR owns, maintains, operates, constructs and reconstructs all of the designated New York City Parks in the five boroughs of New York City, serving a population of over eight million residents. For more information, 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.