NV5 Selected by Midwest Utility for $8 Million Geospatial Vegetation Management Contracts
- Jan 25, 2022 6:00 pm GMT
NV5’s lidar and remote sensing analytics solutions identify and map the locations and severity of encroaching vegetation, allowing the utility to optimize its vegetation management plans. NV5’s data and analytics will be used to define the utility’s 2022 and 2023 forestry management requirements.
“Trees and storms are the leading cause of electrical service interruption, and the use of geospatial data analytics in identifying risks that vegetation poses to utility safety and service reliability is essential,” said Dickerson Wright, PE, Chairman and CEO of NV5. “NV5’s advanced geospatial solutions help utilities identify vegetation encroachment, forecast operational costs, and mitigate service interruptions while continuing to contribute to safe and reliable electricity delivery for our client’s customers.”
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.
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