Bowman Selected to Provide Orthoimagery Services for the State of Oregon

Rhea-AI Summary

Bowman Consulting Group (NASDAQ: BWMN), a national engineering services firm, has been awarded a $1.65 million contract by the State of Oregon to provide high-resolution digital imagery for the entire state. Utilizing the capabilities from its recent acquisition of Surdex, Bowman will produce 30 cm resolution natural color and false color infrared orthorectified imagery covering approximately 98,400 square miles. This project aims to support various state agencies in areas such as disaster planning, climate change adaptability, emergency response, and land use planning. This marks Bowman's first major contract in the Pacific Northwest, highlighting the synergies from its recent acquisition.

Positive

• $1.65 million contract awarded by the State of Oregon.
• Project to cover approximately 98,400 square miles.
• First major contract in the Pacific Northwest.
• Utilization of Surdex acquisition capabilities.
• Supports disaster planning, climate change adaptability, emergency response, and land use planning.

Negative

• None.

RESTON, Va.--(BUSINESS WIRE)-- Bowman Consulting Group Ltd. ("the Company" or "Bowman") (NASDAQ: BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, has been contracted by the State of Oregon ("State") to deliver 30 cm (one foot) high-resolution natural color and false color infrared orthorectified digital imagery for the entire state.

Bowman will leverage the capabilities of its recent Surdex acquisition to acquire digital imagery of approximately 98,400 square miles of Oregon. The deliverables will enhance the capabilities of multiple agencies and local governments throughout the state in disaster planning, climate change adaptability, emergency response, land use planning and public utilities management.

“This win is the direct result of our recent Surdex acquisition and reflects the synergies that the expanded capabilities of our now combined companies offer,” said Gary Bowman, chairman and chief executive officer at Bowman. “We are appreciative of this award and look forward to supporting the State of Oregon in this initiative. We are confident that Bowman’s extensive geospatial expertise and advanced high-altitude digital orthoimagery technologies will benefit agencies and governments not just across Oregon but in many other states as well.”

The $1.65M contract is Bowman’s first opportunity with the State of Oregon, marking a significant milestone in the Company’s expansion into the Pacific Northwest.

About Bowman Consulting Group Ltd.

Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment. With over 2,200 employees in 92 locations throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240624948881/en/

General Media Contact:

Christina Nichols

cnichols@bowman.com

Investor Relations Contacts:

Bruce Labovitz

blabovitz@bowman.com

Betsy Patterson

ir@bowman.com

Source: Bowman Consulting Group

FAQ

What recent contract did Bowman (BWMN) win with the State of Oregon?

Bowman (BWMN) won a $1.65 million contract to deliver high-resolution digital imagery for the entire state of Oregon.

How will Bowman's contract benefit the State of Oregon?

The contract will enhance disaster planning, climate change adaptability, emergency response, land use planning, and public utilities management.

What technology will Bowman use for the Oregon project?

Bowman will use advanced high-altitude digital orthoimagery technologies and capabilities from its recent Surdex acquisition.

How large is the area covered by Bowman's new project in Oregon?

The project covers approximately 98,400 square miles of Oregon.

What significance does this contract hold for Bowman (BWMN)?

This contract marks Bowman's first major opportunity in the Pacific Northwest, highlighting the synergies from its recent Surdex acquisition.