HOLLYWOOD, Fla., Sept. 14, 2021 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of compliance, technology, engineering, and environmental consulting solutions, announced today that the US Geological Survey (USGS) has selected NV5 for a multiple-award indefinite delivery contract with a ceiling of $850M for Geospatial Product and Services Contract (GPSC4). Services provided under the GPSC4 contract support federal, state, and municipal government entities that partner with the USGS for their geospatial data requirements.
GPSC4 supports multiple federal and state programs including the 3D Elevation Program, FEMA Flood Mapping, 3D National Hydrography Program, and Earth Mapping Resources Initiative. Under the contract, NV5 will provide advanced geospatial data acquisition, processing, and analytics utilizing leading-edge technologies such as topographic lidar, riverine and coastal topo-bathymetric lidar, multispectral imagery, geophysical surveying, and elevation-derived hydrography.
“Since 1997, NV5 Geospatial has supported the USGS as the nation’s leading resource for geospatial data by delivering the latest geospatial technologies and data analytics to the USGS and its partners,” said Dickerson Wright, PE, Chairman and CEO of NV5. “Services provided under the GPSC4 contract will support water quality and conservation, floodplain and coastal management, sea level rise, natural resource conservation, infrastructure management, aviation safety, and renewable energy.”
The GPSC4 contract has a maximum duration of five years and is the successor to GPSC3. NV5 was awarded $135 million in revenue on the GPSC3 contract over a period of five years. GPSC contracts are AE qualifications-based awards, and NV5 has held consecutive contracts for over 20 years.
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of compliance, technology, engineering, and environmental consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: testing, inspection & consulting, infrastructure, utility services, buildings & program management, 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.
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.
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