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NV5 Completes Work on Toyota Engineering and Manufacturing Facilities

HOLLYWOOD, Fla., Aug. 28, 2017 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq:NVEE), a provider of professional and technical engineering and consulting solutions, announced today that it has completed work on two engineering and manufacturing testing facilities for Toyota Motors in York, Michigan, and Georgetown, Kentucky. NV5 provided mechanical, electrical, plumbing, fire protection and telecommunication (MEP/FP/T) engineering services and energy efficiency services on two buildings totaling 440,000 square feet including over 60,000 square feet of laboratory space.

The two facilities have been designed as net zero buildings which include photovoltaic and geo thermal systems.  Toyota will utilize these two state of the art facilities to develop future models of cars and trucks.

NV5 Chairman and CEO, Dickerson Wright, PE, said, “We are proud that our energy technology vertical has expanded to a point where we can serve large clients like Toyota that require MEP services all over the United States. Our range of capabilities across all of our verticals has also expanded, which means we can provide our clients with many different services at every stage of a project’s lifecycle. NV5 is now ranked 12th on Building Design and Construction Magazine’s list of top Engineering and Architecture Firms, and with the acquisition of JBA and RDK this year, we rank in the top 10 of the largest MEP firms in the country.”

NV5 Project Manager Pat Murphy said, “The Kentucky plant in particular is Toyota’s largest factory in the world. 8,200 employees work there and several different models are manufactured in the facility.  It was an honor for us to help the Toyota team work toward their long-term goals by adding the new engineering lab building, which will allow their engineers to develop the next generation in car technology.”

Kevin McNamara, NV5 Project Manager for the York, Michigan site, said, “It was important to Toyota’s leadership team for these two buildings to become sustainable regional role models for large-scale office buildings in the United States. We achieved this by extensively researching similar buildings, benchmarking their sustainability, and setting clear metrics that our design would meet and exceed.”

About Toyota Motors

Toyota has been a part of the cultural fabric in the U.S. and North America for 60 years, and is committed to advancing sustainable, next-generation mobility through its Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as its teams have contributed to world-class design, engineering, and assembly of more than 33 million cars and trucks in North America, where Toyota operates 14 manufacturing plants (10 in the U.S.) and directly employs more than 46,000 people (more than 36,000 in the U.S.).  Toyota’s 1,800 North American dealerships (nearly 1,500 in the U.S.) sold almost 2.7 million cars and trucks (2.45 million in the U.S.) in 2016 – and about 85 percent of all Toyota vehicles sold over the past 15 years are still on the road today.

Toyota partners with community, civic, academic, and governmental organizations to address our society’s most pressing mobility challenges. Toyota shares company resources and extensive know-how to support non-profits to help expand their ability to assist more people move more places. For more information about Toyota, visit www.toyotanewsroom.com

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, Shanghai, Hong Kong, and Vietnam. 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.Lauren Wright, PhD
Director of Investor Relations
Tel: +1-646-795-3699
Email: ir@nv5.com

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NV5 Global, Inc.