NV5 Awarded $17 Million Geospatial Contract to Support Statewide Imagery for the Commonwealth of Kentucky
February 16 2023 - 7:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a
provider of technology, conformity assessment, and consulting
solutions, announced today that it has been awarded a $17 million
contract to support the development of a detailed statewide aerial
photography and elevation database for the Commonwealth of
Kentucky. The project supports Kentucky’s KyFromAbove initiative
which provides geospatial information across the commonwealth to
reduce GIS application development costs, promote data sharing, and
add efficiencies to state agency processes that utilize geospatial
data.
“We are pleased to continue our work with the Commonwealth of
Kentucky to provide geospatial data that will support state and
local government initiatives, as well as private sector
development,” said Dickerson Wright, PE, Chairman and CEO of NV5.
“Opportunities to deliver statewide geospatial programs continue to
grow as more states recognize the value of high-resolution imagery
and lidar databases to support economic development and resource
management.”
Under the two-year contract, NV5 will obtain natural color,
digital ortho, and oblique imagery over the next two leaf-off data
acquisition seasons. The base map developed under this contract
will provide useful information to support water and natural
resource management, land planning, and infrastructure development
throughout the state.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of technology, conformity assessment, and consulting
solutions for public and private sector clients supporting utility,
infrastructure, and building assets and systems. The Company
primarily focuses on six business verticals: utility services,
infrastructure engineering, testing, inspection & consulting,
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.
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 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 ContactNV5 Global, Inc. Jack
CochranVice President, Marketing & Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
Source: NV5 Global, Inc.
NV5 Global (NASDAQ:NVEE)
Historical Stock Chart
From Jun 2024 to Jul 2024
NV5 Global (NASDAQ:NVEE)
Historical Stock Chart
From Jul 2023 to Jul 2024