NV5 Awarded $13 Million in Data Center Mission Critical Wins
April 11 2024 - 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 $13 million in
contracts to support the expansion of data center assets for
technology and financial companies in Asia and the United States.
“NV5’s data center mission critical services continue to drive
organic growth internationally and domestically, and we have
recently expanded our operations into new markets in Japan and
Taiwan,” said Dickerson Wright, PE, Executive Chairman of NV5. “We
are pleased to have recently introduced our technology offerings
and installation management with our existing engineering and
commissioning capabilities in the high-growth data center
market.”
The expansion of cloud computing and storage in international
and domestic markets, coupled with the proliferation of artificial
intelligence (AI) has driven unprecedented growth in the expansion
of data center infrastructure. New server technology to support AI
applications have an even greater demand on the electrical grid,
cooling, and ventilation systems, requiring extensive retrofitting
of existing data centers or new construction built to stringent
standards.
NV5 supports data center and mission critical infrastructure
through comprehensive service offerings including testing and
commissioning, due diligence, certification, mission critical
design, installation management, modeling, and analytics.
Additionally, NV5’s infrastructure engineering group delivers power
delivery services to connect data center assets to the existing
electrical grid.
About NV5
NV5 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,
construction quality assurance, buildings & technology,
environmental health sciences, and geospatial services. NV5
operates out of more than 100 offices nationwide and abroad. For
additional information, please visit the Company’s website at. Also
visit the Company on Twitter, LinkedIn, Facebook,
and Vimeo.
Forward-Looking Statements
This 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
Source: NV5 Global, Inc.
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