SOURCE: NV5 Holdings, Inc.

NV5 Holdings, Inc.

March 09, 2015 08:00 ET

NV5 Awarded $23 Million Contract With California Department of Transportation (Caltrans)

HOLLYWOOD, FL--(Marketwired - Mar 9, 2015) - NV5 Holdings, Inc. (the "Company") (NASDAQ: NVEE), a provider of professional and technical engineering and consulting solutions, announced today that it has been awarded a contract totaling more than $23 million with the California Department of Transportation - District 10 ("Caltrans-District 10") to provide on-call construction engineering, inspection and materials sampling and testing services for three years. NV5 originally began working with Caltrans-District 10 in 2007. Caltrans-District 10 encompasses eight counties and more than 3,500 miles of state roads, stretching from Alpine to Merced and as far east as Mariposa.

"We have managed a significant amount of transportation infrastructure projects throughout California's Central Valley for many years. Our experience allows us to help Caltrans and other public agencies improve the quality of transportation in their regions," said Dickerson Wright, PE, Chairman and CEO of NV5.

"It is our priority to provide the best possible service to clients like Caltrans, and we are honored that NV5 has been selected as the best qualified to assist them in the delivery of their construction program," said Todd George, PE, Senior Vice President and Project Manager for the Contract.

About the California Department of Transportation
Caltrans manages roughly 50,000 miles of California's highways, freeways, railroads and public use transportation facilities in 12 districts. For more than 100 years Caltrans has pursued its mission to provide a safe, sustainable, integrated and efficient transportation system that will enhance California's economy and livability. Caltrans's history can be traced back to the appointment of the Lake Tahoe Wagon Road Commissioner and the Bureau of Highways Commissioners in 1895. The Bureau studied highway needs and initially recommended a 4,500 mile state highway system. Today Caltrans has more than 19,000 employees in six major divisions: Aeronautics, Highway Transportation, Mass Transportation, Transportation Planning, Administration and Equipment Service. 

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 29 offices in California, Colorado, Florida, Massachusetts, New Jersey, Ohio, Pennsylvania, Utah and Wyoming 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, except as required by law.

Contact Information

  • Contact
    NV5 Holdings, Inc.
    Lauren Wright
    Tel: +1-408-392-7233
    ir@nv5.com