National Geospatial-Intelligence Agency Selects NV5 for Geospatial Contract Valued Up to $290 Million
September 24 2024 - 7:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a
provider of technology, certification, and consulting solutions,
announced today that it has been awarded a prime contract with the
National Geospatial-Intelligence Agency (NGA) to provide
unclassified commercial geospatial intelligence (GEOINT)-derived
computer vision and analytic services under the Luno A program.
“We are pleased to have been selected by NGA to support the
national intelligence community through GEOINT-derived analytics,”
said Dickerson Wright, PE, Executive Chairman of NV5. “NV5 has
built a reputation supporting NGA’s mission for over 20 years, and
we look forward to expanding our relationship with NGA and the
value we deliver to the agency through the Luno A program.”
The $290 million contract is a five-year, multiple-award
indefinite delivery, indefinite quantity contract to monitor global
economic and environmental activity, as well as military
capabilities. The contract will leverage commercial computer vision
and artificial intelligence capabilities and will integrate into
analytic workflows for the national security community’s
operational use. NV5 anticipates that it will receive approximately
$30 million in revenue over the term of the Luno A contract.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of technology, certification, 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 internationally. 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
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