HOLLYWOOD, Fla., July 27, 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 been awarded two important infrastructure contracts totaling approximately $6 million in fees from public agencies in Florida and California.
In Florida, NV5 won a $4.7 million contract to provide Design and Permitting Services for the Ridge Road Extension Project in Pasco County. The project entails the design of 7.6 miles of new four-lane divided roadway that includes 19 bridges ranging in length from 130 to 980 feet. Completion of the arterial roadway extension is a top priority for Pasco County as it will provide a much needed additional evacuation route for residents living in the densely populated coastal areas on the west side of the county.
NV5 Project Manager Tom Montgomery, PE, said, “Pasco County has been fortunate not to have had a direct strike by a major hurricane for many years, and the need for another evacuation route becomes more pressing every year. The county wants to start construction of this roadway as soon as possible so they can be prepared for future evacuation needs. Our team has been serving Pasco County for nearly twenty years and we look forward to the continuation of services for this challenging project which incorporates many design features that will minimize impacts to the wetlands and wildlife within the environmental preserve and the other undeveloped areas this roadway will pass through.”
NV5 also won a $1.2 million contract to provide training and assessment services to the California Water Resources Control Board. The state’s environmental laboratory assessors are responsible for conducting on-site visits to more than 300 environmental laboratories that analyze drinking water contaminants throughout California and the United States.
NV5 Project Manager Mitzi Miller, TNI Lead Assessor, said, “We typically serve clients in the Midwest and Southeast, but we were able to win this contract with the help of our colleagues in other service verticals who have a strong client foothold in California. Our practice has expanded due to cross-selling efforts like this.”
NV5 Chairman and CEO, Dickerson Wright, PE, said, “Both of these projects are great examples of what we mean by our company tagline: ‘delivering solutions, improving lives.’ Our multi-disciplinary capabilities make our communities safer, move the engineering industry forward through complex problem solving and new creative solutions, and, as was the case with our California win, allow us to provide our clients new services in new states. Even when our projects are outside of our environmental services vertical, we help our clients assess the environmental impact of their projects before, during, and after construction.”
About Pasco County
Pasco County, Florida is located on the west coast of the state just north of the Tampa Bay area. With roughly 500,000 residents, Pasco is the 12th largest county in Florida and is growing rapidly. In order to spur more growth and development, Pasco County is investing in the expansion, improvement, and maintenance of its public infrastructure. You can read more about Pasco County’s mission and vision in the county’s strategic plan.
About the California State Water Resources Control Board
The mission of the California State Water Resources Control Board is to preserve, enhance, and restore the quality of California’s water resources and drinking water for the protection of the environment, public health, and all beneficial uses, and to ensure proper water resource allocation and efficient use, for the benefit of present and future generations. To read more about the Water Board, visit www.waterboards.ca.gov.
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.
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.
NV5 Global, Inc.
Lauren Wright, PhD
Director of Investor Relations
NV5 Global, Inc.