SOURCE: NV5 Global, Inc.

NV5 Global, Inc.

September 02, 2016 08:00 ET

NV5 Wins Three-Year Term Agreement with New Jersey Department of Transportation

HOLLYWOOD, FL--(Marketwired - September 02, 2016) - NV5 Global, Inc. (NASDAQ: NVEE) ("NV5" or the "Company"), a provider of professional and technical engineering and consulting solutions, announced today that it has been awarded a three-year bicycle and pedestrian services term agreement with the New Jersey Department of Transportation (NJDOT) for $1.5 million. NV5 will provide local planning and technical design assistance to numerous communities throughout the state.

Dickerson Wright, PE, Chairman and CEO of NV5, said "The award-winning multimodal transportation professionals at NV5 have been collaborating with NJDOT staff for over 20 years and have a strong track record of winning similar on-call agreements. Federal and state governments are increasingly investing in complete streets and transit-oriented design projects that improve the economic vitality of communities, and we expect demand for the services of our transportation infrastructure experts to continue to grow as this happens."

Bettina Zimny, AICP/PP, Director of Planning at NV5 and Project Manager for this contract, noted, "We are pleased to continue our long-term relationship with NJDOT staff, and excited to be part of the team that is currently updating the statewide master plan. We look forward to advancing the Department's innovative multimodal design and safety initiatives throughout New Jersey."

About the New Jersey Department of Transportation
For nearly 50 years, the NJDOT has worked toward its mission of improving lives by improving transportation. NJDOT maintains and operates the state's public roads, including approximately 2,400 miles of Interstate, State, and Federal highways, and is responsible for the planning and development of transportation policy for rail, trucking, air, and maritime freight. NJDOT is organized into North, Central, and South operating regions and is overseen by Commissioner Richard Hammer. The NJDOT's Bicycle and Pedestrian Program has been a model for similar programs in other states and has influenced the practices of regional, county and municipal agencies as they respond to the mobility needs of New Jersey's citizens. New Jersey is a recognized national leader in the advancement of Complete Streets policies, which promote safety for pedestrians, bicyclists, transit-riders and other users of NJ roadways.

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 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