HOLLYWOOD, Fla., Nov. 19, 2018 (GLOBE NEWSWIRE) — NV5 Global, Inc. (Nasdaq: NVEE) (“NV5” or the “Company”), a professional engineering and consulting solutions provider, announced today that it has been awarded a contract with the North Carolina Department of Transportation (NCDOT) to perform conventional route surveys, global positioning surveys (GPS), subsurface utility engineering (SUE), and high density laser scanning surveys for transportation projects throughout North Carolina. As part of the contract, NV5 will also serve as a general engineering services consultant for the NCDOT. The two-year contract is worth $17 million. Work commences in January 2019.
“Our group has provided surveying and utility location services to the NCDOT for the past 20 years,” said Jay Bissett, NV5’s Transportation Manager for the Carolinas. “Our experienced project managers and their dedication to the NCDOT uniquely positions us for these opportunities.”
Dickerson Wright, PE, Chairman and CEO of NV5, said, “The CALYX acquisition has fulfilled three very important goals for NV5 that allow us to execute our strategy to strengthen our infrastructure service platform in the southeastern United States. We added infrastructure and program management service lines to a geographical area that we were not currently servicing, we strengthened our organization with the inclusion of key technical and management leaders, and lastly, we added new long term client relationships.”
About the North Carolina Department of Transportation
The NCDOT is responsible for all modes of transportation in North Carolina, including highways, rail, aviation, ferries, public transit and bicycle and pedestrian. NCDOT also includes the Division of Motor Vehicles, the Governor’s Highway Safety Program, the State Ports Authority, Global TransPark, and the Turnpike Authority. For more information, visit the NCDOT’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: [email protected]
