NV5 Awarded $9 Million in Geospatial Utility Contracts to Support Wildfire Mitigation
NV5 (NVEE) has secured $9 million in geospatial utility contracts focused on wildfire mitigation across the United States. The contracts include significant projects with major utility clients:
A Texas utility selected NV5 for vegetation management covering 14,210 line miles of LiDAR data collection and integration of 4,870 miles of existing data. In Northern California, an investor-owned utility expanded NV5's Annual Transmission Vegetation Management contract to assess tree health in high fire-risk areas. Additionally, a Western utility contracted NV5 for geospatial remote sensing data collection to enhance asset and vegetation risk assessments.
The company will utilize its proprietary INSITE cloud-based platform for data management and delivery, implementing advanced remote sensing technologies to improve wildfire prevention and grid reliability.
NV5 (NVEE) ha ottenuto 9 milioni di dollari in contratti geospaziali per utilità focalizzati sulla mitigazione degli incendi boschivi negli Stati Uniti. I contratti includono progetti significativi con importanti clienti del settore utility:
Una utility del Texas ha scelto NV5 per la gestione della vegetazione su 14.210 miglia lineari di raccolta dati LiDAR e integrazione di 4.870 miglia di dati esistenti. Nel Nord della California, una utility di proprietà di investitori ha ampliato il contratto annuale di gestione della vegetazione per le trasmissioni di NV5 per valutare la salute degli alberi in aree ad alto rischio di incendi. Inoltre, una utility occidentale ha contratto NV5 per la raccolta di dati di telerilevamento geospaziale per migliorare le valutazioni del rischio degli asset e della vegetazione.
L'azienda utilizzerà la sua piattaforma proprietaria INSITE basata su cloud per la gestione e la consegna dei dati, implementando tecnologie avanzate di telerilevamento per migliorare la prevenzione degli incendi boschivi e l'affidabilità della rete.
NV5 (NVEE) ha asegurado 9 millones de dólares en contratos geoespaciales para servicios públicos enfocados en la mitigación de incendios forestales en los Estados Unidos. Los contratos incluyen proyectos significativos con importantes clientes de servicios públicos:
Una empresa de servicios públicos de Texas seleccionó a NV5 para la gestión de la vegetación que cubre 14,210 millas lineales de recolección de datos LiDAR e integración de 4,870 millas de datos existentes. En el norte de California, una empresa de servicios públicos de propiedad de inversores amplió el contrato anual de gestión de vegetación de transmisión de NV5 para evaluar la salud de los árboles en áreas de alto riesgo de incendios. Además, una empresa de servicios públicos del oeste contrató a NV5 para la recolección de datos de teledetección geoespacial para mejorar las evaluaciones de riesgo de activos y vegetación.
La empresa utilizará su plataforma basada en la nube INSITE para la gestión y entrega de datos, implementando tecnologías avanzadas de teledetección para mejorar la prevención de incendios forestales y la fiabilidad de la red.
NV5 (NVEE)는 미국 전역의 산불 완화를 목표로 하는 지리공간 유틸리티 계약에서 900만 달러를 확보했습니다. 이 계약에는 주요 유틸리티 고객과의 중요한 프로젝트가 포함되어 있습니다:
텍사스의 한 유틸리티는 NV5를 선택하여 14,210 마일의 LiDAR 데이터 수집 및 4,870 마일의 기존 데이터 통합을 위한 식생 관리를 진행합니다. 북부 캘리포니아에서는 투자자 소속의 한 유틸리티가 NV5의 연간 송전 식생 관리 계약을 확대하여 화재 위험이 높은 지역의 나무 건강을 평가합니다. 또한, 서부의 한 유틸리티는 NV5와 계약하여 자산 및 식생 위험 평가를 개선하기 위한 지리공간 원거리 감지 데이터 수집을 진행합니다.
회사는 데이터 관리 및 전달을 위해 자체 클라우드 기반 플랫폼인 INSITE를 활용하고, 산불 예방 및 전력망 신뢰성을 개선하기 위해 고급 원거리 감지 기술을 구현할 것입니다.
NV5 (NVEE) a sécurisé 9 millions de dollars dans des contrats géospatiaux pour des services publics axés sur l'atténuation des incendies de forêt aux États-Unis. Les contrats incluent des projets significatifs avec de grands clients des services publics :
Une entreprise de services publics du Texas a choisi NV5 pour la gestion de la végétation couvrant 14 210 milles linéaires de collecte de données LiDAR et l'intégration de 4 870 milles de données existantes. Dans le nord de la Californie, une entreprise de services publics détenue par des investisseurs a élargi le contrat annuel de gestion de la végétation de transmission de NV5 pour évaluer la santé des arbres dans des zones à haut risque d'incendie. De plus, une entreprise de services publics de l'ouest a engagé NV5 pour la collecte de données de télédétection géospatiale afin d'améliorer les évaluations des risques liés aux actifs et à la végétation.
L'entreprise utilisera sa plateforme cloud propriétaire INSITE pour la gestion et la livraison des données, mettant en œuvre des technologies avancées de télédétection pour améliorer la prévention des incendies de forêt et la fiabilité du réseau.
NV5 (NVEE) hat 9 Millionen Dollar in geospatialen Versorgungsverträgen gesichert, die sich auf die Minderung von Waldbränden in den Vereinigten Staaten konzentrieren. Die Verträge beinhalten bedeutende Projekte mit großen Versorgungsunternehmen:
Ein Versorgungsunternehmen aus Texas wählte NV5 für das Vegetationsmanagement über 14.210 Linienmeilen von LiDAR-Datensammlung und Integration von 4.870 Meilen bestehender Daten. In Nordkalifornien erweiterte ein investorenbesessenes Versorgungsunternehmen den jährlichen Vertrag für das Vegetationsmanagement von NV5, um die Gesundheit von Bäumen in Gebieten mit hohem Brandrisiko zu bewerten. Darüber hinaus beauftragte ein westliches Versorgungsunternehmen NV5 mit der Sammlung von geospatialen Fernerkundungsdaten zur Verbesserung der Risikoabschätzungen für Vermögenswerte und Vegetation.
Das Unternehmen wird seine proprietäre cloudbasierte Plattform INSITE für das Datenmanagement und die -lieferung nutzen und fortschrittliche Fernerkundungstechnologien implementieren, um die Waldbrandprävention und die Zuverlässigkeit des Stromnetzes zu verbessern.
- Secured new contracts worth $9 million, expanding revenue stream
- Geographic diversification with multiple utility clients across the US
- Expanded existing contract with Northern California utility, showing client satisfaction
- Leveraging proprietary INSITE platform for service delivery
- None.
HOLLYWOOD, Fla., March 24, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of tech-enabled engineering, certification, and consulting solutions, announced today that it has been awarded
“NV5’s advanced geospatial remote sensing technologies are instrumental in mitigating risks to electrical transmission and distribution assets from wildfires and storms” said Ben Heraud, CEO of NV5. “These contracts reinforce our commitment to using remote sensing technology to improve wildfire prevention, enhance grid reliability, and support public safety.”
A prominent Texas utility selected NV5 for a geospatial vegetation management project that includes data collection and data analytics of 14,210 line miles of LiDAR data and integration of an additional 4,870 miles of existing data to support wildfire mitigation. The resulting data will be delivered through INSITE, NV5's proprietary cloud-based geospatial data management platform.
In Northern California, an investor-owned utility expanded NV5’s Annual Transmission Vegetation Management contract to include an assessment of tree health and mortality in high fire-risk areas to support the utility’s wildfire management plan.
NV5 was also awarded a contract to collect updated geospatial remote sensing data to improve asset and vegetation risk assessments for a Western utility, supporting wildfire and storm mitigation strategies.
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.
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