NV5 Awarded $19.5 Million Contract by the California Department of Transportation, Expands Presence in Southern California
18 April 2024 - 2:00PM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq:
NVEE), NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq:
NVEE), a provider of technology, conformity assessment, and
consulting solutions, announced today that it has been awarded a
three-year, $19.5 million construction inspection contract by the
California Department of Transportation (Caltrans) District 7 in
Northern Los Angeles County. Services to be delivered under the
contract include construction inspection, office engineering,
construction scheduling, constructability support services,
oversight, documentation, and reporting to support the quality,
safety, and compliance of transportation infrastructure projects.
“NV5’s DOT Infrastructure Growth Initiative is committed to
delivering the greatest client value and driving organic growth by
putting our many transportation experts in direct communication
with our Department of Transportation clients,” said Dickerson
Wright, PE, Executive Chairman of NV5. ”This contract expands our
relationship with District 7 in our long history serving Caltrans,
and we look forward to contributing to the continued improvement
and resilience of transportation infrastructure in Los Angeles
County."
Caltrans District 7 plays a vital role in maintaining and
enhancing the transportation infrastructure in the Greater Los
Angeles area, encompassing some of the busiest roadways and
critical transportation networks in the state. NV5's
multidisciplinary team of experts and cutting-edge technology
solutions position the company well to support Caltrans’ mission to
provide safe, efficient, and sustainable transportation for
Northern Los Angeles County.
"We are honored to have been selected by Caltrans District 7 for
this important contract," said Todd George, COO of Infrastructure
West at NV5. "Our team is dedicated to ensuring that the
construction projects under this contract adhere to the highest
standards of quality, safety, and regulatory compliance.”
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of technology, conformity assessment, and consulting
solutions for public and private sector clients supporting
sustainable infrastructure, utility, and building assets and
systems. The Company focuses on multiple verticals: testing,
inspection & consulting, infrastructure engineering, utility
services, buildings & owner representation, environmental
health sciences, and geospatial technology services to deliver
innovative, sustainable solutions to complex issues and improve
lives in our communities. NV5 operates out of more than 100 offices
nationwide and abroad. For additional information, please visit the
Company’s website at www.NV5.com. Also visit the Company
on LinkedIn, Twitter, Facebook,
and Instagram.
Forward-Looking StatementsThis 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.
Investor Relations Contact
NV5 Global, Inc.Jack CochranVice President, Marketing &
Investor RelationsTel: +1-954-637-8048Email: ir@nv5.com
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