NV5 Awarded $5 Million in Environmental Consulting Projects

HOLLYWOOD, Fla., June 23, 2022 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has been recently awarded $5 million in contracts to provide environmental consulting services supporting natural resource conservation and identifying environmental, health, and safety risks in public education and retail facilities.

A large public school district in Southern California selected NV5 for two contracts totaling approximately $3 million to provide asbestos and lead consulting as well as environmental site assessment services for renovation of existing facilities and new construction. Both contracts are three-year awards through 2025 with options for two one-year renewals.

The New Mexico Department of Game and Fish awarded NV5 a five-year, $1 million contract to provide cultural and natural resources consulting and National Environmental Policy Act (NEPA) compliance services.

A national grocery retailer selected NV5 to provide environmental site assessments, vapor intrusion monitoring, asbestos and lead consulting, and property condition assessments for new grocery stores across the country. The contract is valued at approximately $1 million and has a three-year term.

“NV5’s ESG services deliver comprehensive consultative solutions to support our clients’ environmental, clean energy, safety, and sustainable infrastructure goals,” said Dickerson Wright, PE, Chairman and CEO of NV5. “We are pleased to have been selected for these contracts that will assist our clients with protecting natural resources and providing safe educational and retail facilities.”

About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, conformity assessment, and consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company’s services include multiple verticals such as 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.

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.

Investor Relations Contact

NV5 Global, Inc.
Jack Cochran
Vice President, Marketing & Investor Relations
Tel: +1-954-637-8048
Email: ir@nv5.com