News Release

 View printer-friendly version
<< Back
NV5 Performs Construction Quality Control Services for Multi-Billion Dollar DOE Nuclear Waste Treatment Plant

Hollywood, FL – October 20, 2015 – NV5 Holdings, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of professional and technical engineering and consulting solutions, announced today that it was awarded a subcontract for quality control services by Bechtel National, Inc. The subcontract includes $1.5 million of estimated revenues in 2015 to support the U.S. Department of Energy’s (DOE) nuclear cleanup effort at the Hanford Site located near Richland, Washington. The Waste Treatment Plant (WTP) is being designed and constructed in compliance with ASME Nuclear Quality Assurance (NQA-1). In accordance with our NQA-1 criteria, NV5 will be performing quality control field and laboratory testing and construction materials inspection services at this nuclear facility currently under construction.

Bechtel is one of the primary contractors to the DOE Office of River Protection and has been charged with the design, construction, and startup of the Hanford WTP, which is one of the largest of its kind in the world. When complete, the WTP will solidify a portion of the 56 million gallons of radioactive and chemical wastes currently stored in underground tanks at Hanford into a stable glass form for permanent disposal. 

John North, PE, GE, Vice President for Nuclear Services and NV5’s WTP Site Manager, added “Novation of this contract to NV5 is consistent with NV5’s commitment and desire to continually provide high quality engineering and construction testing services to Bechtel and other design/construct firms in both the DOE nuclear and commercial nuclear power industry.”

“NV5 is extremely pleased to be able to provide continued support to Bechtel on this nuclear project,” said Paul Fensterer, COO of Nuclear and Environmental Services at NV5.

More than 20 million pieces of uranium metal fuel for nine nuclear reactors along the Columbia River have been made at the DOE Hanford Site from 1944-1986. Five different plants located at the site processed 110,000 tons of fuel from the reactors during that 40-year period, discharging an estimated 450 billion gallons of liquids to soil disposal sites and millions gallons of radioactive waste to 177 large underground tanks. As part of the DOE’s landmark cleanup effort, all of the facilities and structures that were associated with Hanford’s defense mission must also be deactivated, decommissioned, decontaminated, and demolished.  The environmental cleanup project currently employs approximately 11,000 people.

About NV5
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 42 offices in Arizona, California, Colorado, Connecticut, Florida, Massachusetts, Maryland, New Jersey, New Mexico, New York, Ohio, Pennsylvania, Utah, Washington and Wyoming, and is headquartered in Hollywood, Florida. For additional information, please visit the Company's website at 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 press 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.

NV5 Holdings, Inc.
Lauren Wright, Ph.D.
Director of Investor Relations
Tel: +1-408-392-7233