Recent NV5 Acquisition Axim Geospatial Awarded $9 Million in National Security Contracts
NV5 Global, Inc. (Nasdaq: NVEE) announced that its subsidiary, Axim Geospatial, has secured $9 million in national security geospatial contracts from intelligence agencies and the Department of Defense. These contracts involve integrating geospatial intelligence from various sources to enhance situational awareness for military and policymakers. Axim utilizes AI and machine learning for swift, precise mapping of topographical features. NV5's CEO emphasized Axim's leadership in geospatial data analytics as crucial for this contract, highlighting the company's commitment to support national security initiatives.
- Secured $9 million in national security contracts, enhancing revenue.
- Axim Geospatial's use of AI and ML capabilities boosts operational efficiency.
- Strengthens NV5's position as a leading provider of geospatial data solutions.
- None.
HOLLYWOOD, Fla., March 06, 2023 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that its wholly owned subsidiary, Axim Geospatial, LLC (“Axim”), has been awarded
The scope of the awarded orders includes the creation and integration of authoritative geospatial intelligence (GEOINT) from traditional and non-traditional sources. Finished data and products are key enablers for members of the armed forces, policymakers, and partners worldwide in support of national security priorities, precisely pinpointing the location of events happening around the globe. Axim Geospatial applies automated capabilities including artificial intelligence/machine learning (AI/ML) to rapidly detect and produce highly accurate and timely topographic features such as hydrography, transportation, buildings, and landcover for mapping and charting.
“Axim’s leadership position in national security geospatial data analytics was a key factor in the strategic decision to acquire Axim, and these awards are evidence of the valuable insights that we bring to the defense and intelligence community,” said Dickerson Wright, PE, Chairman and CEO of NV5. “As the nation’s largest provider of geospatial data solutions, we are proud to support this important work, and we look forward to our continued role in supporting our country’s national security.”
About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, conformity assessment, and consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: testing, inspection & consulting, infrastructure engineering, utility services, buildings & owner representation, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve lives in our communities. 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 LinkedIn, Twitter, Facebook, and Instagram.
About Axim Geospatial, an NV5 Company
Axim uses geospatial expertise to provide clarity and solutions to help customers solve national security, infrastructure, and environmental problems. Our core competencies include big data services, geomatics, business solutions, cloud services, infrastructure security, analytics, and professional services. Our customers include national, state, and local government, defense and intelligence, infrastructure, energy, commercial, and environmental customers. Axim operates out of offices nationwide. http://www.aximgeo.com.
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
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