Benzinga | Nov 1, 2021 08:10AM EDT

NV5 Global Announces The Hong Kong Urban Renewal Authority And A Large Data Center Operator Awarded The Co. Two Contracts Totaling $3M

NV5 Global, Inc. (the "Company" or "NV5") (NASDAQ:NVEE), a provider of compliance, technology, engineering, and environmental consulting solutions, announced today that the Hong Kong Urban Renewal Authority and a large data center operator awarded NV5 two contracts totaling $3 million to support the modernization of mechanical building systems and the development of a hyperscale data center in Hong Kong.

Hong Kong's Urban Renewal Authority selected NV5 for a three-year, $2 million contract to provide inspections and administration engineering services to upgrade approximately 700 elevators in the Kowloon Region. The upgrade will bring the elevators into compliance with safety provisions and current regulations established by the Hong Kong government. NV5 was also awarded a $1 million contract by a major data center operator to provide mechanical and electrical design services and commissioning services for a 20-megawatt hyperscale data center. The project is expected to be completed in 2022.

"We are pleased with the continued organic growth of our international business in Asia and the Middle East," said Dickerson Wright, PE, Chairman and CEO of NV5. "NV5's strategy to offer complete building systems services including mechanical, electrical, plumbing, and fire protection design as well as reoccurring commissioning and energy efficiency services provides a competitive advantage for our international and domestic facilities businesses."

"These wins are a testament to NV5's reputation for buildings systems services in Hong Kong, and we are well-positioned to capitalize on a strong pipeline of opportunities throughout our international markets," said Keith Cheong, International Executive Director at NV5.