NV5 Awarded $25 Million in New Natural Gas Contracts
HOLLYWOOD, Fla., Nov. 01, 2018 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (Nasdaq: NVEE) (“NV5” or the “Company”), a professional and technical engineering and consulting solutions provider, announced today that it has secured $25 million in currently contracted task orders from natural gas public utility companies in California. Expanding on a decade long relationship with the clients, NV5 will provide engineering, design, and surveying services for natural gas transmission, distribution and pipeline integrity projects.
Sergio Granados, Director of Gas Engineering and Design at NV5 said, “We are proud to support our public utilities on many of their critical capital, operations and maintenance projects. Aging infrastructure and changing State and Federal safety regulations have generated a wave of major transmission and distribution integrity management programs that are currently overwhelming our local utilities. Our commitment to efficiency and safety has resonated with our clients, as it supports their vision of service excellence.”
Dickerson Wright, PE, Chairman and CEO at NV5 said, “NV5 has an outstanding record of being a reliable partner to California’s natural gas utility industry. Our unique technical capabilities and problem solving approach have given us the opportunity to become one of the most respected and sought-after firms in the state.”
About NV5’s Energy Services
NV5 has played a major role in natural gas reliability and safety enhancement projects throughout the state of California in recent years. The commitment of public utilities to service quality has created a robust pipeline of opportunities for NV5. The ability to provide an extensive array of services under one umbrella has been the keystone of the Company’s success. NV5’s multidisciplinary approach enables implementation of innovative ideas and new technologies that help clients effectively overcome budgetary, safety, constructability and technical challenges. For more information on NV5’s energy services, visit the Company’s .
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 . Also visit the Company on , , , and .
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.
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NV5 Global, Inc.
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