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CST: 15/09/2019 19:49:52   

NV5 Awarded $7 Million in Resident Engineering Inspection Services by New York City Department of Design and Construction

201 Days ago

HOLLYWOOD, Fla., Feb. 26, 2019 (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 provide resident engineering inspection services for sewer replacement work on Willets Point Boulevard and surrounding streets in Queens, New York. NV5 has worked continuously for the NYCDDC since the agency’s inception in 1996. NV5 is part of a project team performing the work, with NV5 fees expected to be $7 million.

Dickerson Wright, PE, Chairman and CEO said, “We are pleased that NYCDDC continues to recognize NV5 as a valued resource for engineering services in New York City. We look forward to continuing this relationship.”

Liam Madden, Director of Construction Services for NV5 said, “We value NYCDDC as a long-term client, and look forward to continued work with them on their construction program. We are honored that NV5 has been selected to provide inspection services for this high profile project in the Whitestone area of northern Queens.”

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 the department’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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