HOLLYWOOD, Fla., Jan. 25, 2021 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (Nasdaq: NVEE), a provider of compliance, technology, and engineering consulting solutions, announced today that it was awarded a contract by a major national utility to provide engineering and design services for power distribution, transmission, and substation infrastructure. Projects assigned under this agreement will support power grid modernization and improved reliability and safety. The three-year contract is expected to generate over $100 million in revenue for NV5.
“We are pleased to have been selected for this contract, which is part of our ENERGY 2021 initiative goal to deliver $250 million in annual energy services revenue by the end of 2021,” said Dickerson Wright, PE, Chairman and CEO of NV5. “Our ongoing investments in technical capabilities and resources to serve the utility industry have strengthened our position as a leader in the sector and have provided the scale to deliver projects of this magnitude.”
Services provided under this contract will include offerings from all six NV5 verticals, encompassing engineering, surveying and geospatial mapping, project management, construction administration, and testing and inspection services.
“Our success in securing this contract is a testament to NV5’s comprehensive knowledge and experience in the provision of these services. It also underscores our client’s confidence in NV5 to support large-scale reliability improvements as they continue to provide progressive power delivery services to their customers,” said Doug Taft, Director of Power Delivery Services at NV5.
About NV5
NV5 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 Company’s website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.
