GlobeNewswire Inc | Oct 7, 2020 08:00AM EDT

October 07, 2020

HOLLYWOOD, Fla., Oct. 07, 2020 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the Company or NV5) (Nasdaq: NVEE), a provider of compliance, technology, and engineering consulting solutions, announced today that it has been awarded a $5 million contract by a Bay Area county government to provide plan review, inspection, and materials testing services for county-owned facilities and infrastructure. Healthcare facilities, office complexes, roadway and light rail infrastructure, and various other county assets are examples of projects that would be included in the scope of this five-year agreement.

NV5s ability to deliver the entire scope of the contract, including plan review, inspection, and materials testing services, was a primary factor in its selection for this award. This contract is NV5s first testing, inspection, and consulting services agreement with the county.

The selection of NV5 for municipal building department services underscores the confidence that municipalities have placed in NV5, and we are pleased to help our clients verify the quality and safety of assets and facilities throughout their jurisdictions, said Dickerson Wright, PE, Chairman and CEO of NV5.

We are excited to support the countys building safety needs for the next several years and are optimistic about the continued expansion of NV5s plan review, inspection, and testing services for our growing list of public sector clients, said Shannon Hunter, Senior Project Manager at NV5.

About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a leading provider of compliance, technology, and engineering consulting solutions for public and private sector clients supporting infrastructure, utility, and building assets and systems. The Company primarily focuses on six business verticals: testing, inspection & consulting, infrastructure support services, utility services, buildings & program management, environmental health sciences, and geospatial technology services. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the Companys website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.

Forward-Looking StatementsThis 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 Companys 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 ContactNV5 Global, Inc. Jack CochranVice President, Marketing & Investor RelationsTel: +1-954-637-8048Email: ir@nv5.com

Source: NV5 Global, Inc.