Contract Extended for Construction Quality Assurance
HOLLYWOOD, FL -- (Marketwired) -- 10/23/14 --
NV5 Holdings, Inc. (the "Company" or "NV5") (NASDAQ: NVEE), a provider of professional and technical engineering and consulting solutions, has been awarded a $400,000 extension to its contract as the exclusive provider of Materials Testing and Inspection Services for San Diego State University (SDSU).
The current management team at NV5 has a long and successful working relationship with SDSU dating back to the mid-1990s, providing quality control services on more than 30 projects, including the on-going Basketball Training Facility, the recently completed Conrad Prebys Aztec Student Union and Storm Nasatir Hall Expansion. Other significant projects include the College of Arts and Letters, the Social Science Building and five separate parking structures.
"We appreciate very much the working relationship we have developed with San Diego State University," said Dickerson Wright, Chairman and CEO of NV5. "With our legacy of nearly 20 years working with the University, the value of our contracts is approaching $10 million. We look forward to continuing to work together in their endeavors to improve the Aztec experience for the students, staff and the alumni."
About San Diego State University
San Diego State University is the largest higher education institution in the San Diego region with a proud Aztec population of more than 320,000 alumni, students, faculty and staff, and the only university in California to have realized double-digit increases in graduation rates over the last decade. SDSU is ranked No. 14 on the U.S. News and World Report list of Up-and-Coming Schools for "making the most promising and innovative changes in the areas of academics, faculty and student life." The university also ranked in the top 100 public schools, moving up nine spots to No. 81. Their culture of excellence and inclusion is moving San Diego State into the top tier of public universities, dedicated to resolving today's questions and anticipating tomorrow's.
NV5 Holdings, 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, energy, program management and environmental solutions. The Company operates 26 offices in California, Colorado, Utah, Florida, Pennsylvania and New Jersey and is headquartered in Hollywood, Florida. 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 herein. Such factors include, but are not limited to: (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.
NV5 Holdings, Inc.
The Piacente Group | Investor Relations
Don Markley or Glenn Garmont
Source: NV5 Holdings, Inc.