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NV5 Announces $15 Million in Program Management Wins in Ohio, Colorado, and California

HOLLYWOOD, Fla., Dec. 20, 2018 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (Nasdaq: NVEE) (“NV5” or the “Company”), a professional engineering and consulting solutions provider, today announced $15 million in program management contract awards in Ohio, Colorado, and California.

In Ohio, NV5 was awarded a contract to provide construction monitoring services for a major metropolitan hospital in Cleveland, scheduled to be completed in 2022.

In Colorado, NV5 was selected to continue to provide on-call program management services for the City of Colorado Springs and Pikes Peak Regional Transportation Association. NV5 will assist the city with the management of roadway and bridge projects over a six-year period.

Also in Colorado, NV5 will provide Xcel Energy with As-Built Services and Pipeline Design Services, which will be completed over a three-year period.

In California, NV5 secured two contracts with the City of Bakersfield. NV5 will provide construction administration and construction management services on two projects, which include a road widening and a bridge replacement. The projects are expected to increase traffic capacity, improve safety and are scheduled to be completed by 2020.

Dickerson Wright, PE, Chairman and CEO of NV5 said, “The wide scope, geographical reach, and client mix illustrate our ability to provide services in multiple geographies. These wins demonstrate the continued strength of our service lines. Our core business remains solid as evidenced by our continued organic growth and operating results well above the industry standard.”

About the City of Colorado Springs

Colorado Springs is the most expansive municipality in the state of Colorado, covering almost 200 square miles of land. It is also one of the most populous cities in Colorado, second only to its northern neighbor, Denver, and boasts a rapidly growing population of about 440,000 people. The City is uniquely situated at the base of one of America's most beloved mountains, Pikes Peak. For more information, visit the city’s website.

About the City of Bakersfield

Located in California’s San Joaquin valley to the west of the Sierra Nevada mountain range, Bakersfield is a significant oil and agricultural hub. Bakersfield is part of Kern County, which ranks in the top five of most productive agricultural counties in America. For more information about the City of Bakersfield, visit the city’s website.

About Xcel Energy

Xcel Energy is a leading U.S. electricity and natural gas energy company headquartered in Minneapolis, Minnesota with annual revenues of $10.9 billion. Xcel's 12,501 employees provide a variety of products and services to 3.5 million electricity customers and 1.9 million natural gas customers in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Xcel Energy's combined electricity and natural gas operations include 89,865 miles of transmission lines and pipelines and 226,986 miles of distribution lines and pipelines. Xcel Energy is committed to the provision of reliable and safe energy to its customers at a higher value and its role as a responsible environmental leader. For more information, visit the organization’s website.

About NV5

NV5 Global, Inc. (NASDAQ: NVEE) is a provider of professional and technical engineering and consulting solutions ranked #45 in the Engineering News Record Top 500 Design Firms list. NV5 serves 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, Hong Kong, and the UAE. 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 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.

Contact

NV5 Global, Inc. 
Jenna Carrick
Investor Relations Manager
Tel: +1-916-641-9124
Email: ir@nv5.com

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Source: NV5 Global, Inc.