SOURCE: NV5 Holdings, Inc.

NV5 Holdings, Inc.

July 09, 2014 08:00 ET

NV5 Awarded $2.5 Million Contract by the San Diego County Water Authority

HOLLYWOOD, FL--(Marketwired - Jul 9, 2014) - NV5 Holdings, Inc. (the "Company" or "NV5") (NASDAQ: NVEE), a provider of professional and technical engineering and consulting solutions, today announced it was awarded a contract by the San Diego County Water Authority to provide Construction Management As-Needed Support Services. The $2.5 million contract includes construction management to augment the Authority's Capital Improvement and Asset Management Program. The Authority will have access to NV5's broad construction management capabilities, including resident engineering, construction inspections, geotechnical engineering, materials testing, special inspections, water quality compliance and project controls. NV5 will provide construction management services to the Authority on a variety of projects, including new pipelines, relining of existing pipelines, pump station upgrades, flow control facilities upgrades and environmental mitigation sites. 

"This contract award is indicative of the positioning of NV5 in managing large water infrastructure projects, and reflects our commitment to developing strong relationships with local and regional agencies," said Dickerson Wright, Chairman and CEO of NV5. "Water is a finite resource that continues to be in high demand, and ensuring its quality and delivery has become an ever increasing priority, especially in Southern California, and we believe projects like this one with the San Diego County Water Authority will continue to be a source of growth for NV5."

About the San Diego County Water Authority

The San Diego County Water Authority is a public agency serving the San Diego region as a wholesale supplier of water from the Colorado River and Northern California. The Authority's mission is to provide a safe and reliable supply of water to its 24 member agencies serving the San Diego region.

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 25 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

    - OR -

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