NV5 (Nasdaq: NVEE), a provider of technology, certification, and consulting solutions, announced it has been awarded over $7 million in infrastructure design contracts by the City of Philadelphia. The projects are expected to be completed by 2028 and aim to enhance the city’s commitment to creating more resilient and sustainable communities. NV5’s planners, engineers, and landscape architects will support Philadelphia’s green infrastructure, sustainability, and safety initiatives, contributing to the planning and design of critical infrastructure. This includes green infrastructure, parks, greenways, and traffic safety improvements to reduce roadway deaths and serious injuries within the city’s high-injury network. Alex Hockman, CEO of Infrastructure at NV5, highlighted that these projects underscore NV5’s market leadership in green infrastructure and its ability to deliver sustainable design solutions that meet evolving urban challenges.
NV5 (Nasdaq: NVEE), fornitore di soluzioni tecnologiche, di certificazione e di consulenza, ha annunciato di aver ricevuto contratti per la progettazione di infrastrutture per oltre 7 milioni di dollari dalla Città di Filadelfia. I progetti dovrebbero essere completati entro il 2028 e mirano a rafforzare l’impegno della città nella creazione di comunità più resilienti e sostenibili. I pianificatori, ingegneri e architetti del paesaggio di NV5 supporteranno l’infrastruttura verde, la sostenibilità e le iniziative di sicurezza di Filadelfia, contribuendo alla pianificazione e progettazione di infrastrutture critiche. Questo include infrastrutture verdi, parchi, percorsi verdi e miglioramenti della sicurezza stradale per ridurre le morti e le lesioni gravi sulle strade della rete ad alta incidenza di infortuni della città. Alex Hockman, CEO delle infrastrutture di NV5, ha sottolineato che questi progetti evidenziano la leadership di mercato di NV5 nell’infrastruttura verde e la sua capacità di fornire soluzioni di design sostenibile che affrontano le sfide urbane in evoluzione.
NV5 (Nasdaq: NVEE), un proveedor de soluciones tecnológicas, de certificación y de consultoría, anunció que ha sido adjudicado más de 7 millones de dólares en contratos de diseño de infraestructura por la Ciudad de Filadelfia. Se espera que los proyectos se completen para 2028 y tienen como objetivo mejorar el compromiso de la ciudad con la creación de comunidades más resilientes y sostenibles. Los planificadores, ingenieros y arquitectos paisajistas de NV5 apoyarán la infraestructura verde, la sostenibilidad y las iniciativas de seguridad de Filadelfia, contribuyendo a la planificación y diseño de infraestructura crítica. Esto incluye infraestructura verde, parques, caminos verdes y mejoras en la seguridad vial para reducir las muertes y lesiones graves en la red de alta incidencia de lesiones de la ciudad. Alex Hockman, CEO de Infraestructura en NV5, destacó que estos proyectos subrayan el liderazgo de NV5 en el mercado de infraestructura verde y su capacidad para ofrecer soluciones de diseño sostenible que abordan los desafíos urbanos en evolución.
NV5 (Nasdaq: NVEE)는 기술, 인증 및 컨설팅 솔루션 제공업체로서 필라델피아시로부터 700만 달러 이상의 인프라 설계 계약을 수주했다고 발표했습니다. 이 프로젝트는 2028년까지 완료될 예정이며, 도시의 회복력 있고 지속 가능한 커뮤니티를 창출하려는 의지를 강화하는 것을 목표로 하고 있습니다. NV5의 계획자, 엔지니어 및 조경 건축가들은 필라델피아의 녹색 인프라, 지속 가능성 및 안전 이니셔티브를 지원하며, 중요한 인프라의 계획 및 설계에 기여할 것입니다. 여기에는 녹색 인프라, 공원, 녹지대 및 도로 안전 향상을 포함하여 도시의 고위험 네트워크 내에서 도로에서의 사망 및 심각한 부상을 줄이는 것이 포함됩니다. NV5의 인프라 CEO인 알렉스 호크먼은 이러한 프로젝트가 녹색 인프라 분야에서 NV5의 시장 리더십과 지속 가능한 설계 솔루션을 제공하는 능력을 강조한다고 말했습니다.
NV5 (Nasdaq: NVEE), un fournisseur de solutions technologiques, de certification et de conseil, a annoncé avoir remporté plus de 7 millions de dollars en contrats de conception d’infrastructure de la part de la ville de Philadelphie. Les projets devraient être achevés d’ici 2028 et visent à renforcer l’engagement de la ville à créer des communautés plus résilientes et durables. Les planificateurs, ingénieurs et architectes paysagistes de NV5 soutiendront l’infrastructure verte, la durabilité et les initiatives de sécurité de Philadelphie, contribuant à la planification et à la conception d’infrastructures critiques. Cela inclut l’infrastructure verte, les parcs, les voies vertes et les améliorations de la sécurité routière pour réduire les décès et les blessures graves sur le réseau à forte incidence de la ville. Alex Hockman, PDG des infrastructures chez NV5, a souligné que ces projets soulignent le leadership de NV5 sur le marché de l’infrastructure verte et sa capacité à fournir des solutions de conception durables pour relever les défis urbains en évolution.
NV5 (Nasdaq: NVEE), ein Anbieter von Technologie-, Zertifizierungs- und Beratungslösungen, gab bekannt, dass es Verträge über mehr als 7 Millionen Dollar für die Infrastrukturplanung von der Stadt Philadelphia erhalten hat. Die Projekte sollen bis 2028 abgeschlossen sein und zielen darauf ab, das Engagement der Stadt für die Schaffung widerstandsfähiger und nachhaltiger Gemeinschaften zu stärken. Die Planer, Ingenieure und Landschaftsarchitekten von NV5 werden die grüne Infrastruktur, die Nachhaltigkeits- und Sicherheitsinitiativen von Philadelphia unterstützen und zur Planung und Gestaltung kritischer Infrastruktur beitragen. Dazu gehören grüne Infrastruktur, Parks, Grünwege und Verbesserungen der Verkehrssicherheit, um Straßenverkehrstote und schwere Verletzungen im hochbelasteten Verkehrsnetz der Stadt zu reduzieren. Alex Hockman, CEO für Infrastruktur bei NV5, hob hervor, dass diese Projekte die Marktführerschaft von NV5 im Bereich der grünen Infrastruktur und die Fähigkeit, nachhaltige Designlösungen zu liefern, die sich den sich wandelnden städtischen Herausforderungen stellen, unterstreichen.
Positive
- Awarded $7 million in infrastructure design contracts.
- Projects expected to enhance safety, sustainability, and quality of life.
- Completion by 2028, showing long-term engagement and revenue stream.
Insights
The
The focus on green infrastructure and traffic safety improvements aligns with growing urban sustainability trends and federal infrastructure spending priorities. Philadelphia’s commitment to these projects indicates potential for follow-on contracts and expansion opportunities in other metropolitan areas pursuing similar initiatives. The contract reinforces NV5’s positioning in the sustainable infrastructure sector, which is experiencing increased demand due to climate resilience requirements and federal funding availability.
While the immediate financial impact is incremental, the strategic value lies in strengthening NV5’s credentials in urban sustainability solutions, potentially leading to larger opportunities as cities accelerate their infrastructure modernization efforts.
This contract award reflects the broader trend of municipalities investing in resilient infrastructure, driven by federal funding initiatives and environmental priorities. The
The extended project timeline through 2028 suggests careful budget allocation and project phasing, typical of municipal infrastructure projects. For NV5, this represents reliable revenue visibility and potential for margin expansion through efficient resource allocation across the project lifecycle. The contract’s focus on high-value consulting services in planning and design typically commands better margins compared to pure construction work.
HOLLYWOOD, Fla., Dec. 19, 2024 (GLOBE NEWSWIRE) — NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), NV5, a provider of technology, certification, and consulting solutions, announced today that it has been awarded over
NV5’s planners, engineers, and landscape architects will support Philadelphia’s green infrastructure, sustainability, and safety initiatives, driving its vision for resilient and sustainable neighborhoods. NV5’s expertise will play a vital role in the planning and design of critical infrastructure, including green infrastructure, parks, and greenways, as well as traffic safety improvements to reduce roadway deaths and serious injuries within the city’s high-injury network.
“NV5 continues to build on its long-standing relationship with the City of Philadelphia, providing cutting-edge infrastructure solutions that align with the city’s resilience and safety goals,” said Alex Hockman, CEO of Infrastructure at NV5. “These projects underscore NV5’s market leadership in green infrastructure and our proven ability to promote long-term growth by delivering high-value, sustainable design solutions that meet evolving urban challenges.”
About NV5
NV5 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 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 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 Cochran
Vice President, Marketing & Investor Relations
Tel: +1-954-637-8048
Email: ir@nv5.com
Source: NV5 Global, Inc.
FAQ
What is the value of the infrastructure design contracts awarded to NV5 by the City of Philadelphia?
The value of the infrastructure design contracts awarded to NV5 by the City of Philadelphia is over $7 million.
When are the NV5 infrastructure projects in Philadelphia expected to be completed?
The NV5 infrastructure projects in Philadelphia are expected to be completed by 2028.
What initiatives will NV5 support with its infrastructure design contracts in Philadelphia?
NV5 will support green infrastructure, sustainability, and safety initiatives in Philadelphia.
How will NV5’s infrastructure projects impact traffic safety in Philadelphia?
NV5’s infrastructure projects aim to reduce roadway deaths and serious injuries within Philadelphia’s high-injury network.
What role will NV5’s planners, engineers, and landscape architects play in the Philadelphia projects?
NV5’s planners, engineers, and landscape architects will contribute to the planning and design of critical infrastructure, including green infrastructure, parks, and greenways.