SOURCE: NV5 Global, Inc.

NV5 Global, Inc.

June 21, 2016 16:01 ET

NV5 to Receive $8 Million From New York City for Landscape Architecture Projects

HOLLYWOOD, FL--(Marketwired - June 21, 2016) - NV5 Global, Inc. (the "Company" or "NV5") (NASDAQ: NVEE), a provider of professional and technical engineering and consulting solutions, announced today that it was awarded two term agreements by the New York School Construction Authority (SCA) and the New York City Department of Parks and Recreation (NYCDPR) for landscape architecture services. The contracts were won by the Landscape Architecture Team at RBA/NV5.

RBA/NV5 has been providing services to the SCA since 2008, including for playgrounds, athletic facilities, recreational spaces, and for other school improvements such as pavement, parking lot and drainage improvements. RBA/NV5 will be managing similar renovation and expansion projects at educational facilities throughout all Five Boroughs of New York as part of the most recent $2 million contract for professional consulting fees over three years.

The Company has also been awarded a $6 million contract by NYCDPR to Prepare Construction Documents as needed for the Construction or Reconstruction of Various Parks and Playgrounds Located in the Five Boroughs of New York City over three years. The Company has been working with NYCDPR since 2002 and has completed more than 26 individual assignments during that time.

Dickerson Wright, PE, Chairman and CEO of NV5, said, "In recent years we have observed an increase in funding for public facilities in the Greater New York City area, including parks and other recreational areas. Our talented landscape architecture group has identified new ways to serve their clients through NV5's diversified service platform, especially through synergies with our Infrastructure team."

Jackson Wandres, RLA, Director of Landscape Architecture at NV5 and Project Manager for both assignments, added, "NV5 has demonstrated an unmatched capability to serve our landscape architecture clients by also offering them civil engineering and architectural design services when needed through our multidisciplinary practice. For example, architectural contracts awarded by the SCA in the past have also included design of building envelope repairs -- windows, doors, and roofs -- classroom and bathroom renovations, and ADA access upgrades."

About the New York School Construction Authority
The SCA is a New York State Authority that works together with the New York City Department of Education, a Mayoral Agency, to manage the design and construction of improved school facilities throughout the five boroughs of New York City including both new facilities as well as renovation and/or expansion of existing facilities.

About the New York City Department of Parks and Recreation
Under Mayor Bill de Blasio, the New York City Department of Parks and Recreation currently has a $4 billion Capital Park Reconstruction Program planned for the next 10 years and analysts predict the size of the program could grow. The City of New York and the Department of Parks and Recreation share a mission to provide high quality, state-of-the-art, parks and recreation facilities to the nearly nine million people that live in the five boroughs of New York City.

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 58 offices in 25 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 news 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, Ph.D.
    Director of Investor Relations
    Tel: +1-408-392-7233
    Email: ir@nv5.com