SOURCE: NV5 Holdings, Inc.

NV5 Holdings, Inc.

October 05, 2015 08:00 ET

NV5 Performs Construction Quality Control Services for Multi-Billion Dollar DOE Nuclear Waste Treatment Plant

HOLLYWOOD, FL--(Marketwired - Oct 5, 2015) - NV5 Holdings, Inc. (the "Company" or "NV5") (NASDAQ: NVEE), a provider of professional and technical engineering and consulting solutions, announced today that it was awarded full contractual responsibility for the quality control services subcontracted by Bechtel National, Inc., which includes $1.5 million of estimated revenues in 2015 to support the U.S. Department of Energy's (DOE) nuclear cleanup effort at the Hanford Reservation located near Richland, Washington. The Waste Treatment Plant (WTP) is being designed and constructed in compliance with ASME Nuclear Quality Assurance (NQA-1). In accordance with our NQA-1 criteria, NV5 will be performing quality control field and laboratory testing and construction materials inspection services at this highly secured nuclear facility.

Bechtel is one of the primary contractors to the DOE Office of River Protection and has been charged with the design, construction, and startup of the Hanford WTP, which is one of the largest of its kind in the world. When complete, the WTP will transform 56 million gallons of radioactive and chemical wastes currently stored in underground tanks at Hanford into a stable glass form for permanent disposal.

"Our CQA group has a long and successful history working with Bechtel around the country and internationally," said Dickerson Wright, PE, Chairman and CEO of NV5."

"NV5 successfully obtained this contract in large measure because of the excellent credentials and performance of our on-site laboratory personnel and project management team based in Albuquerque, and the acceptance of NV5's NQA-1 program. NV5's ability to bring a qualified NQA-1 program to market is a unique discriminator within the CQA and professional engineering services industry that allows us to perform a range of construction materials testing and inspection, geotechnical engineering, and design services for nuclear power plants, fuel processing facilities, and national laboratories," said Paul Fensterer, COO of Nuclear and Environmental Services at NV5.

John North, PE, GE, Vice President for Nuclear Services and NV5's WTP Site Manager, added "Novation of this contract to NV5 is consistent with NV5's commitment and desire to continually provide high quality engineering and construction testing services to Bechtel and other design/construct firms in both the DOE nuclear and commercial nuclear power industry."

About the DOE Hanford Site
More than 20 million pieces of uranium metal fuel for nine nuclear reactors along the Columbia River have been made at the DOE Hanford site over the last forty years. Five different plants located at the site processed 110,000 tons of fuel from the reactors in this time frame, discharging an estimated 450 billion gallons of liquids to soil disposal sites and 56 million gallons of radioactive waste to 177 large underground tanks. As part of the DOE's landmark cleanup effort, all of the facilities and structures that were associated with Hanford's defense mission must also be deactivated, decommissioned, decontaminated, and demolished. The environmental cleanup project currently employs approximately 11,000 people.

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, engineering and support services, energy, program management, and environmental solutions. The Company operates 42 offices in Arizona, California, Colorado, Connecticut, Florida, Massachusetts, Maryland, New Jersey, New Mexico, New York, Ohio, Pennsylvania, Utah, Washington 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.

Contact Information

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