HOLLYWOOD, Fla., Dec. 19, 2017 (GLOBE NEWSWIRE) -- NV5 Global, Inc.(Nasdaq:NVEE) (“NV5” or the “Company”), a professional and technical engineering and consulting solutions provider, announced today that it has secured $51 million in new contracts from national utility companies. The services will be provided over a two to five year period and include engineering, design, and surveying services for electrical transmission and distribution, substation, gas pipeline and communications projects.
Dickerson Wright, PE, Chairman and CEO of NV5, said, “The growth NV5 has realized within our power engineering services group is illustrative of our ability to grow organically, a key component of NV5’s strategy. Initially focused in our Southern California operations, Doug Taft, Director of NV5’s Power Group, and his leadership team have successfully leveraged our electrical and gas engineering service offerings throughout our national platform of offices and clients. Serving power utilities will continue to be a key component of NV5 total service offerings in the years to come.”
Doug Taft, Senior Vice President of NV5, said, “NV5 is uniquely positioned to meet the ever increasing demands of power utilities. We have successfully integrated former utility personnel with our team of electrical and gas engineers, designers, and technicians to give the utility companies confidence in NV5 as a place they can go to solve their specific technical problems as well as meeting their day to day needs.”
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 and Hong Kong. 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 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.
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