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NV5 Awarded $5 Million NOAA Contract for Lake Michigan Geospatial Hydrographic Survey

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NV5 Global has secured a $5 million contract from NOAA to conduct a comprehensive hydrographic survey in Lake Michigan. The project covers a 450 square nautical mile zone from Northeast Chicago, IL to Michigan City, IN, a important route for maritime traffic and entry to the Mississippi River.

The survey aims to provide updated data for National Ocean Service nautical charts, enhancing maritime safety and supporting water resource management. This contract aligns with NV5's strategic expansion of its geospatial marine surveying business into new geographies.

Dickerson Wright, Executive Chairman of NV5, emphasized the company's specialized expertise in hydrographic surveying and nautical charting as key factors in securing this project, which will contribute to both commercial and recreational maritime safety efforts.

NV5 Global ha ottenuto un contratto di 5 milioni di dollari dalla NOAA per condurre un sondaggio idrografico completo nel Lago Michigan. Il progetto copre un zona di 450 miglia nautiche quadrate da Northeast Chicago, IL a Michigan City, IN, un'importante rotta per il traffico marittimo e l'ingresso al fiume Mississippi.

Il sondaggio mira a fornire dati aggiornati per le carte nautiche del National Ocean Service, migliorando la sicurezza marittima e supportando la gestione delle risorse idriche. Questo contratto si allinea con l'espansione strategica di NV5 nel settore del rilevamento marino geospaziale in nuove aree geografiche.

Dickerson Wright, Presidente Esecutivo di NV5, ha sottolineato che l'esperienza specializzata dell'azienda nel rilevamento idrografico e nella produzione di carte nautiche sono fattori chiave per l'assegnazione di questo progetto, che contribuirà agli sforzi di sicurezza marittima sia commerciali che ricreativi.

NV5 Global ha logrado un contrato de 5 millones de dólares de la NOAA para realizar un estudio hidrografico exhaustivo en el Lago Michigan. El proyecto abarca una zona de 450 millas náuticas cuadradas desde Northeast Chicago, IL hasta Michigan City, IN, una ruta importante para el tráfico marítimo y acceso al río Misisipi.

El estudio tiene como objetivo proporcionar datos actualizados para las cartas náuticas del Servicio Oceánico Nacional, mejorando la seguridad marítima y apoyando la gestión de recursos hídricos. Este contrato está alineado con la expansión estratégica de NV5 en su negocio de levantamiento marino geoespacial hacia nuevas geografías.

Dickerson Wright, Presidente Ejecutivo de NV5, enfatizó que la experiencia especializada de la empresa en estudios hidrografico y cartografía náutica son factores clave para asegurar este proyecto, que contribuirá a los esfuerzos de seguridad marítima tanto comerciales como recreativos.

NV5 글로벌NOAA로부터 500만 달러 계약을 체결하여 미시간 호수에서의 종합 수로 조사를 수행하게 되었습니다. 이 프로젝트는 Northeast Chicago, IL에서 Michigan City, IN까지의 450 해리 제곱 마일 구역을 포함하며, 이는 해상 교통과 미시시피 강으로의 진입에 중요한 경로입니다.

이 조사의 목적은 국립 해양 서비스의 해도에 대한 업데이트된 데이터를 제공하여 해상 안전을 강화하고 수자원 관리를 지원하는 것입니다. 이 계약은 NV5의 지리 공간 해양 조사 사업의 전략적 확장과 일치합니다.

NV5의 회장인 Dickerson Wright는 수로 조사 및 해도 제작에 대한 회사의 전문성이 이 프로젝트를 확보하는 데 핵심 요소인 점을 강조했습니다. 이 프로젝트는 상업적 및 레크리에이션 해상 안전 노력에 기여할 것입니다.

NV5 Global a obtenu un contrat de 5 millions de dollars de la NOAA pour réaliser une étude hydrographique complète dans le lac Michigan. Le projet couvre une zone de 450 milles nautiques carrés du Nord-Est de Chicago, IL à Michigan City, IN, une route importante pour le trafic maritime et l'accès au fleuve Mississippi.

L'enquête vise à fournir des données actualisées pour les cartes nautiques du National Ocean Service, améliorant la sécurité maritime et soutenant la gestion des ressources en eau. Ce contrat s'inscrit dans l'expansion stratégique de NV5 dans le domaine de l'étude marine géospatiale vers de nouvelles géographies.

Dickerson Wright, président exécutif de NV5, a souligné que l'expertise spécialisée de l'entreprise en matière d'études hydrographiques et de cartographie nautique a été un élément clé dans l'obtention de ce projet, qui contribuera aux efforts de sécurité maritime tant commerciaux que récréatifs.

NV5 Global hat einen 5-Millionen-Dollar-Vertrag von der NOAA sichergestellt, um eine umfassende hydrographische Erhebung im Michigansee durchzuführen. Das Projekt erstreckt sich über eine 450 Quadratmeilen große nautische Zone von Northeast Chicago, IL bis Michigan City, IN, eine wichtige Route für den maritimen Verkehr und den Zugang zum Mississippi River.

Ziel der Erhebung ist es, aktualisierte Daten für die hoheitlichen Karten des National Ocean Service bereitzustellen, die die maritime Sicherheit erhöhen und das Wassermanagement unterstützen. Dieser Vertrag steht im Einklang mit NV5s strategischer Expansion seines geospatialen marinen Vermessungsgeschäfts in neue geografische Gebiete.

Dickerson Wright, Executive Chairman von NV5, betonte, dass die spezialisierte Expertise des Unternehmens in hydrographischen Erhebungen und nautischen Kartierungen die entscheidenden Faktoren bei der Sicherung dieses Projekts waren, das zu kommerziellen und Freizeit-Maritime-Sicherheitsmaßnahmen beiträgt.

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HOLLYWOOD, Fla., July 23, 2024 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has been awarded a $5 million contract by the National Oceanic and Atmospheric Administration (NOAA) Office of Coast Survey to conduct a comprehensive hydrographic survey in Lake Michigan.

"NV5’s geospatial marine surveying business continues its strategic expansion into new geographies to support water resource management, maritime safety, and updated navigational information,” said Dickerson Wright, PE, Executive Chairman of NV5. "NV5’s specialized expertise in hydrographic surveying and nautical charting makes us uniquely qualified to support commercial and recreational maritime safety efforts by providing essential data for updated National Ocean Service (NOS) nautical charts.”

The project scope includes Southern Lake Michigan from Northeast Chicago, IL to Michigan City, IN, a crucial route for maritime traffic and a major entry point to the Mississippi River. The project will provide survey and mapping information for a 450 square nautical mile zone to develop updated navigational charts and support safer marine operations in the area.

About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, conformity assessment, 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 TwitterLinkedInFacebook, 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


FAQ

What is the value of the NOAA contract awarded to NV5 Global (NVEE) for the Lake Michigan survey?

NV5 Global (NVEE) has been awarded a $5 million contract by NOAA for the Lake Michigan hydrographic survey.

What area will NV5's Lake Michigan hydrographic survey cover?

The survey will cover a 450 square nautical mile zone in Southern Lake Michigan, from Northeast Chicago, IL to Michigan City, IN.

What is the purpose of NV5's hydrographic survey in Lake Michigan?

The purpose is to provide updated survey and mapping information for developing new National Ocean Service nautical charts and improving maritime safety in the area.

When was the NV5 Global (NVEE) contract for the Lake Michigan survey announced?

NV5 Global (NVEE) announced the $5 million NOAA contract for the Lake Michigan hydrographic survey on July 23, 2024.

How does the Lake Michigan survey contract align with NV5's business strategy?

The contract aligns with NV5's strategic expansion of its geospatial marine surveying business into new geographies to support water resource management and maritime safety.

NV5 Global, Inc.

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