NV5 Awarded $4 Million New Zealand 3D Coastal Geospatial Mapping Contract; Accelerates International Expansion of Geospatial Services
NV5 has secured a significant $4 million contract from Toitū Te Whenua Land Information New Zealand (LINZ) to provide geospatial hydrographic data for approximately 20% of New Zealand's coastline. The project, representing NV5's largest international geospatial contract to date, involves creating detailed 3D maps of 4,780 square kilometers of coast and sea floor using specialized topobathymetric lidar and 4-band imagery.
The 3D Coastal Mapping program aims to assess coastal impacts from sea-level rise and natural hazards. This project mirrors NV5's recurring geospatial analyses for U.S. Federal and state governments, focusing on coastal resilience and infrastructure impacts. The company's international geospatial growth initiative has already expanded to Europe, Asia, Latin America, the Caribbean, and Asia Pacific regions, leveraging their proprietary algorithms and analytical capabilities through their U.S. and India-based operations.
NV5 ha ottenuto un significativo contratto di 4 milioni di dollari da Toitū Te Whenua Land Information New Zealand (LINZ) per fornire dati idrografici geospaziali per circa il 20% della costa della Nuova Zelanda. Il progetto, che rappresenta il contratto geospaziale internazionale più grande di NV5 fino ad oggi, prevede la creazione di mappe dettagliate 3D di 4.780 chilometri quadrati di costa e fondale marino utilizzando un lidar topobatimetrico specializzato e immagini a 4 bande.
Il programma di mappatura costiera 3D mira a valutare gli impatti costieri dell'innalzamento del livello del mare e dei pericoli naturali. Questo progetto riflette le analisi geospaziali ricorrenti di NV5 per i governi federali e statali degli Stati Uniti, concentrandosi sulla resilienza costiera e sugli impatti sulle infrastrutture. L'iniziativa di crescita geospaziale internazionale dell'azienda si è già espansa in Europa, Asia, America Latina, Caraibi e regioni dell'Asia-Pacifico, sfruttando i propri algoritmi proprietari e le capacità analitiche attraverso le operazioni basate negli Stati Uniti e in India.
NV5 ha asegurado un contrato significativo de 4 millones de dólares con Toitū Te Whenua Land Information New Zealand (LINZ) para proporcionar datos hidrográficos geoespaciales para aproximadamente el 20% de la costa de Nueva Zelanda. El proyecto, que representa el contrato geoespacial internacional más grande de NV5 hasta la fecha, implica la creación de mapas detallados 3D de 4,780 kilómetros cuadrados de costa y fondo marino utilizando lidar topobatimétrico especializado e imágenes de 4 bandas.
El programa de mapeo costero 3D tiene como objetivo evaluar los impactos costeros del aumento del nivel del mar y los peligros naturales. Este proyecto refleja los análisis geoespaciales recurrentes de NV5 para los gobiernos federales y estatales de EE. UU., centrándose en la resiliencia costera y los impactos en la infraestructura. La iniciativa de crecimiento geoespacial internacional de la empresa ya se ha expandido a Europa, Asia, América Latina, el Caribe y las regiones de Asia-Pacífico, aprovechando sus algoritmos propios y capacidades analíticas a través de sus operaciones en EE. UU. e India.
NV5는 뉴질랜드 토지정보기관 Toitū Te Whenua Land Information New Zealand (LINZ)로부터 약 400만 달러 계약을 확보하여 뉴질랜드 해안선의 약 20%에 대한 지리공간 수로 데이터를 제공합니다. 이 프로젝트는 NV5의 현재까지 가장 큰 국제 지리공간 계약을 나타내며, 특수한 토포바티메트릭 라이다와 4-밴드 이미지를 사용하여 4,780 제곱킬로미터의 해안과 해저에 대한 상세한 3D 지도를 만드는 작업을 포함합니다.
3D 해안선 매핑 프로그램은 해수면 상승과 자연재해로 인한 해안 영향 평가를 목표로 하고 있습니다. 이 프로젝트는 미국 연방 및 주 정부를 위한 NV5의 반복적인 지리공간 분석을 반영하며, 해안 복원력 및 인프라 영향에 중점을 두고 있습니다. 회사의 국제 지리공간 성장 이니셔티브는 이미 유럽, 아시아, 라틴 아메리카, 카리브해 및 아시아-태평양 지역으로 확장되어 있으며, 미국과 인도에 기반을 둔 운영을 통해 독자적인 알고리즘과 분석 능력을 활용하고 있습니다.
NV5 a obtenu un contrat significatif de 4 millions de dollars de Toitū Te Whenua Land Information New Zealand (LINZ) pour fournir des données hydrographiques géospatiales pour environ 20 % de la côte néo-zélandaise. Ce projet, qui représente le plus grand contrat géospatial international de NV5 à ce jour, implique la création de cartes détaillées en 3D de 4 780 kilomètres carrés de côte et de fonds marins à l'aide de lidar topobathymétrique spécialisé et d'images à 4 bandes.
Le programme de cartographie côtière en 3D vise à évaluer les impacts côtiers liés à l'élévation du niveau de la mer et aux risques naturels. Ce projet reflète les analyses géospatiales récurrentes de NV5 pour les gouvernements fédéraux et étatiques des États-Unis, en mettant l'accent sur la résilience côtière et les impacts sur les infrastructures. L'initiative de croissance géospatiale internationale de l'entreprise s'est déjà étendue à l'Europe, l'Asie, l'Amérique latine, les Caraïbes et les régions d'Asie-Pacifique, tirant parti de ses algorithmes propriétaires et de ses capacités d'analyse à travers ses opérations basées aux États-Unis et en Inde.
NV5 hat einen bedeutenden Vertrag über 4 Millionen Dollar mit Toitū Te Whenua Land Information New Zealand (LINZ) abgeschlossen, um geospatial-hydrografische Daten für etwa 20% der Küstenlinie Neuseelands bereitzustellen. Das Projekt, das den bisher größten internationalen geospatialen Vertrag von NV5 darstellt, umfasst die Erstellung detaillierter 3D-Karten von 4.780 Quadratkilometern Küste und Meeresboden unter Verwendung von spezialisierten topobathymetrischen Lidar und 4-Band-Bildern.
Das 3D-Küstenkartierungsprogramm zielt darauf ab, die Küstenauswirkungen des Anstiegs des Meeresspiegels und natürlicher Gefahren zu bewerten. Dieses Projekt spiegelt NV5s wiederkehrende geospatiale Analysen für die Bundes- und Landesregierungen der USA wider, mit Fokus auf Küstenresilienz und Infrastrukturfolgen. Die internationale Wachstumsinitiative des Unternehmens im Geospatial-Bereich hat sich bereits auf Europa, Asien, Lateinamerika, die Karibik und den asiatisch-pazifischen Raum ausgeweitet, indem sie ihre proprietären Algorithmen und analytischen Fähigkeiten über ihre in den USA und Indien ansässigen Betriebe nutzt.
- Secured new $4 million contract for New Zealand coastal mapping
- Contract covers significant scope of 4,780 square kilometers
- Demonstrates successful international market expansion
- Leverages existing expertise and proprietary technology
- Shows potential for similar contracts in other regions
- None.
Insights
The
The project leverages NV5's proprietary algorithms and analytical capabilities in topobathymetric lidar technology, creating substantial barriers to entry for competitors. This technological moat is particularly valuable as climate change drives increased demand for coastal resilience assessment worldwide.
The contract demonstrates successful replication of NV5's U.S. government service model internationally, validating their scalable business approach. With operations in the U.S. and India, their distributed workforce model enables competitive pricing while maintaining high-quality deliverables - a important advantage in winning international bids.
Strategic implications include:
- Establishment of a strong reference case in the Asia-Pacific region, potentially leading to additional contracts in nearby markets
- Validation of NV5's ability to compete globally against local providers
- Diversification of revenue streams beyond U.S. government contracts
The focus on climate change and natural hazard assessment aligns with global environmental priorities, positioning NV5 to capture growing demand for geospatial services in coastal resilience planning. The company's expansion into Europe, Asia, Latin America and the Caribbean suggests a well-executed internationalization strategy that could drive sustained growth in the geospatial services segment.
HOLLYWOOD, Fla., Jan. 24, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, announced today that it has been awarded a
NV5 will utilize specialized topobathymetric lidar and 4-band imagery to support the creation of detailed 3D maps of 4,780 square kilometers of the coast and adjacent sea floor. The 3D Coastal Mapping program aims to improve baseline data to better understand impact on coastal areas due to sea-level rise and natural hazards, such as tsunami and earthquakes. The project scope is similar to recurring geospatial analyses that NV5 provides for the United States Federal Government and state governments to assess coastal resilience, infrastructure impacts, and modifications to nautical mapping resulting from sea level rise and weather events.
“As the leader in geospatial data analytics, NV5’s proprietary algorithms, analytical capabilities, and intellectual property are in high demand domestically and internationally. Our international geospatial growth initiative is driving international expansion through replication of analyses that we have provided domestically for many years. This initiative has already assisted clients in Europe, Asia, Latin America, the Caribbean, and Asia Pacific, and we continue to accelerate our organic growth in international geospatial services,” said Ben Heraud, CEO of NV5.
“NV5’s investments in geospatial data sharing, mining, and processing allows us to serve clients anywhere in the world, providing access to our industry-leading geospatial data engineers and data scientists throughout the U.S. and India,” said Kurt Allen, PLS, President of NV5 Geospatial. “International clients have welcomed the opportunity to work with our geospatial professionals and technologies, and we look forward to continuing our international geospatial expansion into new geographies.”
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, conformity assessment, buildings & technology, environmental services, 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
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Source: NV5 Global, Inc.
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