HOLLYWOOD, FL -- (Marketwired) -- 04/14/15 --
NV5 Holdings, Inc. (the "Company") (NASDAQ: NVEE), a provider of professional and technical engineering and consulting solutions, today announced that the Company has been awarded a contract to provide as-built surveys and engineering drawings for construction of high pressure pipelines, pipeline facilities and gas engineering design standards throughout the Client's 23,000 square-mile service territory. Projects are expected to include pipeline or pipeline facility modifications, relocations and installations. The three-year contract, which was effective January 1, 2015, is valued at $4.5 million, with an option for an additional two-year extension.
"We are always very pleased to be selected to provide our professional services and expertise to natural gas distributors," said Dickerson Wright, Chairman and CEO of NV5. "More than half of American households and a rapidly growing proportion of businesses in the U.S. rely on natural gas for their heat and power needs, and our Client ensures its safe and reliable delivery to more than 20 million customers in Southern California. This contract represents another important contract win for our infrastructure vertical."
NV5 Holdings, 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 29 offices in California, Colorado, Florida, Massachusetts, New Jersey, Ohio, Pennsylvania, Utah and Wyoming and is headquartered in Hollywood, Florida. For additional information, please visit the Company's website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.
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 press release and on the conference call. 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.
NV5 Holdings, Inc.
Lauren Wright, Ph.D.
Director of Investor Relations
Source: NV5 Holdings, Inc.