Quantum Spatial was selected to evaluate high-accuracy lidar and hyperspectral imaging in
Quantum Spatial was also awarded a contract expansion by the California DWR to provide additional remote sensing and analytics services to support the conservation of water resources across the state. Since 2017, Quantum Spatial has worked with the California DWR's Water Use and Efficiency Branch for statewide data collection that will help more than 400 water districts in the state assess water usage and ultimately assist future conservation efforts.
“We are pleased with the performance of Quantum Spatial as it continues to secure new contracts and deliver innovative approaches to extract the power of geospatial data for clients in the public and quasi-public sectors,” said Dickerson Wright, PE, Chairman and CEO of NV5. “Water management is an important global issue, particularly in the
“Quantum Spatial's pioneering work in deploying state-of-the-art remote sensing tools and leveraging advanced analytics to gain insight from the data collected makes us ideally suited for both the NASA SnowEx and DWR projects,” said
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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Source: NV5 Global, Inc.