NV5 Continues to Strengthen Global Data Center Expansion With $18 Million in Recent Contract Awards

Rhea-AI Summary

NV5 Global (Nasdaq: NVEE) has secured $18 million in new data center design and commissioning contracts across the United States and Asia. The company will implement high-efficiency cooling and power distribution testing, inspection, certification, and design solutions for both new and retrofitted facilities.

The contracts strengthen NV5's position in the data center sector, particularly in developing infrastructure for cloud computing and AI operations. The company has achieved a significant milestone of surpassing one gigawatt (GW) of global data center systems design and commissioning. NV5's services include innovative solutions such as immersion cooling and AI-driven thermal management to help clients scale their data center capabilities sustainably.

Positive

• Secured $18 million in new data center contracts
• Achieved milestone of over 1GW in global data center systems design
• Geographic expansion across US and Asia markets
• Strategic positioning in growing AI and cloud computing infrastructure sector

Negative

• None.

News Market Reaction

-2.36%

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-2.36% News Effect

On the day this news was published, NVEE declined 2.36%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HOLLYWOOD, Fla., March 10, 2025 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, certification, and consulting solutions, announced today that it has been awarded $18 million in recent data center design and commissioning contracts throughout the U.S. and Asia, reinforcing its position as a leader in the rapidly expanding data center sector. These new agreements amplify NV5's role in developing and optimizing infrastructure to meet the growing demands for cloud computing and AI-driven operations.

NV5 will implement high-efficiency cooling and power distribution testing, inspection, certification and design solutions for both new and retrofitted facilities. With the growing strain on electrical infrastructure from AI workloads, NV5’s proven expertise in sustainable design and operational resilience has become a valued resource for clients seeking innovative solutions to scale their data center capabilities.

“NV5 has strengthened its position as a leader in data center energy-efficiency solutions and cooling innovations, and we have surpassed one gigawatt (GW) of global data center systems design and commissioning,” said Ben Heraud, Chief Executive Officer of NV5. “Our cutting-edge innovations, such as immersion cooling and AI-driven thermal management, assist our clients in meeting the growing demand for cloud computing and AI-driven capacity through scalable, efficient, and sustainable design.”

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 support, conformity assessment, 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.

FAQ

What is the value of NV5's (NVEE) recent data center contract awards?

NV5 secured $18 million in recent data center design and commissioning contracts throughout the U.S. and Asia.

How many gigawatts of data center systems has NV5 (NVEE) designed and commissioned globally?

NV5 has surpassed one gigawatt (GW) of global data center systems design and commissioning.

What specific services will NV5 (NVEE) provide in these new data center contracts?

NV5 will implement high-efficiency cooling, power distribution testing, inspection, certification, and design solutions for new and retrofitted facilities.

What innovative cooling solutions does NV5 (NVEE) offer for data centers?

NV5 offers cutting-edge innovations including immersion cooling and AI-driven thermal management solutions.

Which geographical regions are covered in NV5's (NVEE) new data center contracts?

The new contracts cover facilities throughout the United States and Asia.