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NV5 Announces $60 Million Infrastructure Design Contract with New York City Department of Design and Construction

HOLLYWOOD, Fla., Sept. 13, 2017 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (Nasdaq:NVEE) (“NV5” or the “Company”), a provider of professional and technical engineering and consulting solutions, announced today that it was selected by the New York City Department of Design and Construction (NYCDDC) to perform engineering design services for city-funded infrastructure projects for $60 million. The projects will be driven by mayoral initiatives, community needs, and infrastructure rehabilitation and upgrades as determined by the DDC Commissioner and NYC agencies such as the Department of Transportation, the Department of Environmental Protection, and the Department of Parks and Recreation.  

“NV5 has worked with NYCDDC for more than 20 years and has assisted the city in rebuilding one of the most extensive networks of streets, water mains, and storm and sanitary sewers in the country,” said Dickerson Wright, PE, Chairman and CEO of NV5.

NV5 Project Manager Joseph Menzer, PE said, “Our multi-disciplined structure enables us to support NYCDDC in a variety of disciplines for the design of new utilities, streets, plazas, bridges and retaining walls. We pride ourselves on providing the quality design and management expertise required for successful project delivery.”

About NYCDDC

As New York City’s primary capital construction agency, NYCDDC rebuilds the City’s infrastructure and many of the civic facilities New Yorkers use every day. NYCDDC provides communities with new or rehabilitated infrastructure, roadways, bridges, and civic buildings such as firehouses, libraries, police precincts, courthouses and senior centers. To successfully manage its portfolio of more than $10 billion, NYCDDC collaborates with other City agencies and consultants. Over the last decade, NYCDDC’s staff of 1,200 has completed more than 745 miles of new roadway, 735 miles of water mains, 588 miles of storm and sanitary sewers, and 42,000 sidewalk pedestrian ramp installations in all five boroughs. To learn more about NYCDDC, visit www.NYC.gov.

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.