SOURCE: NV5 Global, Inc.

NV5 Global, Inc.

February 22, 2016 08:00 ET

NV5 Awarded $3 Million Engineering Services Contract With Verizon

HOLLYWOOD, FL--(Marketwired - February 22, 2016) -  NV5 Global, Inc. (the "Company" or "NV5") (NASDAQ: NVEE), a provider of professional and technical engineering and consulting solutions, announced today that it has been selected to provide on-call professional engineering services, including civil and structural engineering and surveying services, to Verizon for $3 million. The two-year contract was won by the Manhattan infrastructure design and engineering team at The RBA Group.

Liam Madden, Project Manager at NV5, elaborated, "The scope of services for this particular project includes utilities, site and civil design, and construction support. Specifically, NV5 will utilize New York State and New York City designs and drawings to assess interference impacts with various Verizon manholes, conduits and cable facilities. NV5 will also perform field surveys and design changes to mitigate facility interferences, and will prepare cost estimates and bid packages for inclusion into State and City construction bid packages for the Client."

Dickerson Wright, PE, Chairman and CEO of NV5, said, "Our infrastructure experts in New York have built a top-notch civil engineering practice based on decades of applied experience in the industry. We want our shareholders to know that our portfolio of projects often extends beyond the state, federal, and municipal client work for which NV5 has become well known to very large private clients like Verizon."

David Lapping, PTP, President of RBA, added, "This is our third contract of its kind with Verizon and we are pleased that we were selected again to provide our services. We have completed approximately $8 million of work for Verizon over the course of our longstanding relationship."

About Verizon
Verizon (NYSE: VZ) is a global leader delivering innovative communications and technology solutions that improve the way its customers live, work and play. To read more about Verizon, visit www.verizon.com.

About NV5
NV5 Global, 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, engineering and support services, energy, program management, and environmental solutions. The Company operates 54 offices in 22 states nationwide, 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 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.

Contact Information

  • Contact
    NV5 Global, Inc. 
    Lauren Wright, PhD
    Director of Investor Relations
    Tel: +1-408-392-7233
    Email: ir@nv5.com