HOLLYWOOD, Fla., May 28, 2020 – NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of professional and technical engineering, geospatial, and consulting solutions, announced today that Quantum Spatial, Inc. (“Quantum Spatial”), an NV5 company, has been awarded two contracts totaling $3 million by NASA and the California Department of Water Resources (DWR) to provide remote sensing services in the Western United States.
The first is a $900,000 project to evaluate high-accuracy lidar and hyperspectral imaging in Colorado and Idaho for the NASA SnowEx 2020 campaign, which is evaluating technologies for measuring snowpack and corresponding snow water equivalency (SWE) in a variety of ecosystems.
The second, a $2 million contract expansion from the California Department of Water Resources (DWR), focuses on providing additional remote sensing and analytics services to support water conservation efforts across more than 400 water districts in the state.
“We are pleased with the performance of Quantum Spatial as it continues to secure new contracts and deliver innovative approaches to extract the power of geospatial data for clients in the public and quasi-public sectors,” said Dickerson Wright, PE, chairman and CEO of NV5. “Water management is an important global issue, particularly in the western United States, and we are proud to contribute to water conservation and intelligent water use efforts.”
SnowEx 2020 Campaign The SnowEx 2020 campaign is a research effort funded by the NASA Goddard Space Flight Center (GSFC), in partnership with Boise State University (BSU). Quantum Spatial was tasked with acquiring airborne lidar and hyperspectral data at peak snowpack and during snow-free conditions, to support the overall research of measuring depth, surface temperature, cover, and surface condition in support of the SWE component of the SnowEx 2020 campaign.
NASA and its partners are testing a variety of sensors, including lidar, optical cameras, thermal infrared radiometers and hyperspectral imagers, across different terrains, vegetation and snow conditions in Colorado and Idaho to determine when and where each technology performs best.
“Our project supporting NASA’s SnowEx has broad, global implications since, according to NASA, more than one-sixth of the world’s population rely on seasonal snowpack and glaciers for the water supply,” said Steve Raber, senior program manager at Quantum Spatial. “We are honored to play an important role in this scientific research, which will expand the understanding of SWE.”
California Department of Water Resources
Since 2017, Quantum Spatial has worked with the California DWR’s Water Use and Efficiency Branch for statewide data collection that will help more than 400 water districts in the state assess water usage and ultimately help with conservation efforts in the future.
In the current phase of this project, Quantum Spatial is conducting a landscape analysis across 16,000 square miles of urban residential areas in California. The company is delineating irrigated and irrigable areas that, when combined with climate data, can provide the basis for fair and equitable water allocations to individual districts.
The expansion to its contract extends Quantum Spatial’s work into the mapping of multi-family residential parcels and providing insights at the parcel level, in addition to district level summaries.
“Quantum Spatial’s pioneering work in deploying state-of-the-art remote sensing tools and leveraging advanced analytics to gain insight from the data collected make it ideally suited for both the NASA SnowEx and DWR projects,” said Mark Abatto, president and COO of NV5 Geospatial Solutions.
About Quantum Spatial, Inc. Quantum Spatial, Inc., an NV5 company, is North America’s largest geospatial services firm, providing insights to organizations that need geospatial intelligence to mitigate risk, plan for growth, better manage resources and advance scientific understanding. We combine the widest array of advanced remote sensing technologies with proprietary processes, analytics tools, algorithms, and analysis. Quantum Spatial goes beyond data acquisition and measurement, transforming high-quality, accurate data into usable information tailored to meet our clients’ needs. Major government agencies, the military, and corporate organizations of all sizes, including utilities, oil and gas producers, engineering and construction firms, depend on Quantum Spatial to revolutionize the way they use and value geospatial data through end-to-end solutions that push the boundaries of data and analytics. For more information visit quantumspatial.com, join us on LinkedIn or follow us on Twitter @QuantumSpatial.
About NV5 NV5 Global, Inc. (NASDAQ: NVEE) is a provider of professional and technical engineering and consulting solutions ranked #34 in the Engineering News-Record Top 500 Design Firms list. NV5 serves public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets. NV5 primarily focuses on five business verticals: construction quality assurance, infrastructure engineering and support services, energy, program management, and environmental solutions, and delivers geospatial services through its subsidiary Quantum Spatial, Inc., the largest full-service geospatial solutions provider in North America. The Company operates out of more than 100 locations worldwide. 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.
Media Contact Maria Bradley Kickstart Consulting for Quantum Spatial Tel: +1-415-509-0498
Investor Relations Contact Jack Cochran Vice President, Marketing & Investor Relations, NV5 Global, Inc. Tel: +1-954-637-8048 Email: firstname.lastname@example.org