SOURCE: NV5 Holdings, Inc.

NV5 Holdings, Inc.

October 14, 2014 08:00 ET

NV5 Announces Hiring of Kevin Wedman to Expand the Firm's Energy Vertical

HOLLYWOOD, FL--(Marketwired - Oct 14, 2014) - NV5 Holdings, Inc. (the "Company" or "NV5") (NASDAQ: NVEE), a provider of professional and technical engineering and consulting solutions, has appointed Kevin Wedman, CBO, as Senior Vice President to expand the firm's energy vertical.

Mr. Wedman, who will be located in NV5's Sacramento office, has over 25 years of regulatory, quality assurance and safety compliance expertise, and is considered an expert in energy project compliance at the local, state and federal levels.

"Kevin is a wonderful complement to our energy vertical," said Dickerson Wright, Chairman and CEO of NV5. "His experience and expertise in the energy and utility industries with both the public and private sector will be instrumental in growing our energy vertical, where we see significant new opportunities."

Mr. Wedman remarked, "Energy has been my key practice area for a quarter of a century. I look forward to my role in further developing NV5's energy vertical."

Following the State of California's move to deregulate the power industry in the late 1990s, Mr. Wedman has developed and implemented the California Energy Commission's Delegate Chief Building Official Program. The program ensures compliance for the State's power generation facility construction projects through engineering plan review, construction inspections, Fire Marshal and safety monitoring activities. He has worked on projects totaling more than 20,000 MW. His experience in this industry spans simple-cycle and combined-cycle power plants, substations, high voltage switchyards, high pressure gas piping systems and 230-500 kV overhead transmission lines and multiple renewable energy projects.

Mr. Wedman's career highlights include acting as Deputy Building Official for the State of Utah during the construction of the 2002 Winter Olympics facilities in Salt Lake City. Mr. Wedman also created and implemented the first third-party inspection program for the Division of Facilities and Construction Management for the State of Utah, and was a part of the Safety Assessment Program with the Governor's Office of Emergency Services for the State of California.

More recently, Mr. Wedman worked on the Ivanpah 400MW solar towers project on federal land in California near the Nevada border, using concentrated solar power (CSP) when permitted by the California Energy Commission. The three-phased Ivanpah power complex (consisting of three solar thermal power plants and shared facilities) project covers a 3,400-acre area and will generate enough electricity to power 140,000 homes and reduce CO2 emissions by more than 450,000 tons a year. When complete, Ivanpah will be the first large-scale solar thermal project built in California in nearly two decades, and will nearly double the amount of commercial solar thermal electricity produced in the U.S. 

Mr. Wedman holds multiple certifications from International Code Counsel and is a member of the National Fire Protection Association and Internal Code Counsel. 

About NV5

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.

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 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.

Contact Information

  • Contacts:

    NV5 Holdings, Inc.
    Richard Tong
    Tel: +1-954-495-2114
    Email: ir@nv5.com

    - OR -

    The Piacente Group | Investor Relations
    Don Markley or Glenn Garmont
    Tel: +1-212-481-2050
    Email: nv5@tpg-ir.com