NV5 Selected for $6 Million in Geospatial Awards to Support the US Geological Survey
HOLLYWOOD, Fla., Aug. 16, 2021 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of compliance, technology, engineering, and environmental consulting solutions, announced today that it has been selected by the US Geological Survey (USGS) to provide geospatial services totaling approximately $6 million to support the 3D Elevation Program (3DEP). Under these awards, NV5 Geospatial will perform over 20,000 square miles of lidar data collection and data analytics in Washington, Oregon, Arizona, and Alaska.
The goal of the USGS 3DEP program is to provide a national baseline of high-resolution, three-dimensional topographic elevation data across the United States. The elevation data provided by the 3DEP program is used to make critical decisions related to the environment, property, infrastructure, and safety.
“NV5 Geospatial has supported the 3DEP program and the local governments and private organizations that partner with USGS since the program’s inception,” said Dickerson Wright, PE, Chairman and CEO of NV5. “The contributions that NV5 Geospatial makes to the 3DEP program support flood risk management, coastal resilience, energy development, water and natural resource conservation, infrastructure management, and a host of other applications.”
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of compliance, technology, engineering, and environmental consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: testing, inspection & consulting, infrastructure, utility services, buildings & program management, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve lives in our communities. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on LinkedIn, Twitter, Facebook, and Instagram.
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.
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