National Geospatial Intelligence Agency Selects Recent NV5 Acquisition Axim Geospatial for Geospatial Contract Valued Up to $900 Million
June 14 2023 - 7:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq:
NVEE), announced today that its newly acquired subsidiary,
Axim Geospatial, LLC (“Axim”), was awarded a prime contract with
the National Geospatial-Intelligence Agency (NGA) under the GEOINT
Enterprise Operations Service and Solutions Program with Industry,
Core Mission Operations (GEO-SPI B).
GEO-SPI B is a seven-year, multi-award contract vehicle valued
up to $900 million and focused on delivering trusted geospatial
intelligence (GEOINT) to NGA’s Analysis and Source Directorates.
The GEO-SPI B award is Axim Geospatial’s largest contract win to
date. GEO-SPI B is the follow-on contract to NGA's
Multi-Intelligence Analytics and Collection Support Services
(MACSS) contract, the largest geospatial staff augmentation program
in the agency.
Under the GEO-SPI B contract, Axim will apply domain expertise,
automation, and innovative solutions to improve outcomes and
enhance NGA performance across multiple mission sets. Axim’s
automation will include process automation, computer vision
capabilities, and algorithms to address mission specific
challenges, capabilities that are now coupled with NV5’s broader
capabilities to deliver high-end machine learning analytics and
maritime domain analysis.
“We are pleased to have been selected by NGA to deliver
classified and unclassified GEOINT collection and discovery,
exploitation production, and enhancement in support of the GEO-SPI
B contract,” said Dickerson Wright, PE, Chairman and CEO of NV5.
“Axim has built a reputation over the past 20 years supporting
NGA’s Janus, Economic Indicator Monitoring, and GeoPhysical Data
Purchasing programs, and we look forward to expanding our support
of NGA core mission operations through the GEO-SPI B program.”
About NV5NV5 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 focuses on multiple verticals: construction
quality assurance, infrastructure engineering, utility services,
buildings & owner representation, 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.
About Axim Geospatial, an NV5 CompanyAxim uses
its geospatial expertise to provide clarity and solutions to help
customers solve the world’s national security, infrastructure, and
environmental problems. We provide end-to-end geospatial services
and solutions throughout the U.S, serving the communities in which
we live. Our core competencies include big data services,
geomatics, business solutions, cloud services, infrastructure
security, analytics, and professional services. Our customers
include national, state, and local government, defense and
intelligence, infrastructure, energy, commercial and environmental
customers. http://www.aximgeo.com.
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 Contact
NV5 Global, Inc.Jack CochranVice President, Marketing &
Investor RelationsTel: +1-954-637-8048Email: ir@nv5.com
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