HOLLYWOOD, FL -- (Marketwired) -- 10/22/15 --
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 3 Year Term Agreement for up to $3 million to provide General Engineering and Design Services to the New Jersey Department of Transportation (NJDOT). This multi-disciplinary agreement includes assignments ranging from problem screening to concept development, preliminary engineering, final design and construction engineering under the NJDOT Capital Project Delivery Process. Specific tasks for project assignments throughout the State of NJ may include the following services: Roadway Design, Bridge Design, Hydraulics/Hydrology, Utility Engineering, ITS, Survey and Right of Way Engineering, Traffic Engineering, and Environmental Science. The contract was won by the Infrastructure Engineering team at The RBA Group, which has been providing professional services to NJDOT for over 45 years.
"We know the State of New Jersey plans to invest heavily in its transportation infrastructure in the next few years and we are pleased to be a part of the NJDOT's ongoing efforts to expand roads, highways, and bridges, and to make sure they are safe and environmentally sound," said Dickerson Wright, PE, Chairman and CEO of NV5.
John Maiorana, Head of NJ Operations, noted, "Our team is excited to have the opportunity to assist the Department in delivering its program to the public and continue our long-standing relationship with this important client."
Jim Huselton, PE, PP, Chief Engineer at RBA, elaborated, "We look forward to continuing our established partnership with the New Jersey Department of Transportation by providing creative and responsive multi-disciplined 'on-call' design services to support the Department's capital improvement program. Our collaborative approach to developing design solutions is tailored to address multiple, concurrent assignments and achieve the Client's scheduling and funding goals."
About the New Jersey Department of Transportation
For nearly 50 years, the NJDOT has worked toward its mission of improving lives by improving transportation. NJDOT maintains and operates the state's public roads, including approximately 2,400 miles of Interstate, State, and Federal highways, and is responsible for the planning and development of transportation policy for rail, trucking, air, and maritime freight. NJDOT is organized into North, Central, and South operating regions and is overseen by Acting Commissioner Joseph Bertoni.
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 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. 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.