NV5

Offering Robust Geospatial Solutions for Electric T&D

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Eric Merten, Vice President and General Manager, NV5Eric Merten, Vice President and General Manager
Electric utilities are pivotal in providing electricity to residences and businesses in the U.S. However, the emerging labor shortage, rising energy consumption, and uncontrollable weather events, coupled with the aging grid, adversely affect electric utilities’ safety, customer service, and reliability. A boots-on-the-ground approach to utility management is no longer viable in coping with the demands surrounding reliability, regulatory compliance, risk mitigation, and asset management.

NV5 Geospatial, one of North America’s most comprehensive geospatial data firms, enables utilities to proactively address problems in their transmission and distribution networks without impacting operations or services. With its innovative remote sensing applications and data analysis tools, NV5 Geospatial has carved a significant position in the transmission and distribution of electric utilities, mapping 120,000 to 150,000 miles of utility networks annually. Its clientele includes over 30 investor-owned utilities (IOUs) and municipal utilities.



NV5 provides data acquisition solutions powered by geospatial technologies like lidar, ortho imaging, hyperspectral analysis, and thermal imagery to boost asset and vegetation management processes. Analyzing the geospatial datasets of electric grids, reduces the risks, increases dependability, and improves the operational efficiencies for electric utilities.

“Our capacity to supply massive utility datasets using the right geospatial technology that mitigates issues through analytics, artificial intelligence and picture recognition give us a competitive edge,” Eric Merten, VP and general manager of commercial markets of NV5.

Unlike geospatial vendors that only deliver enormous raw datasets, NV5 provides powerful analytics and tailored solutions for client issues. Through its SaaS platform, INSITE, NV5 allows clients to input, search, analyze, manage, integrate, and export geographical data and multimedia, enabling the seamless monitoring of project progress. This competency is driven by NV5’s deep expertise, which lets it recognize that offering chunks of data without insight overwhelms consumers instead of equipping them to address challenges.

For vegetation management, NV5 identifies and quantifies the risks connected to utility assets and vegetation and utilizes historical outage data and lidar to determine the relative asset risk from each tree to determine a “risk score” associated with each encroachment. This enables the utility to spend their dollars in a way to reduce the greatest amount of risk as opposed to a cycle-based removal of vegetation.In addition, this data set used for vegetation management can be leveraged for use in other departments including, engineering, joint use, automated meter infrastructure, and distribution management.
In the West, NV5 Geospatial has seen a dramatic increase in the use of its geospatial data and analysis for Public Safety Power Shutoff (PSPS), which multiple clients are leveraging to monitor high-risk fire locations and address engineering or environmental issues as an input to their PSPS procedure. In addition, NV5 Geospatial’s clients are using their products and services to help assist with undergrounding power design and fire-hardening of their assets which is becoming pivotal across the west coast, where wildfires incur billions in losses. This work is then often passed off to the NV5 Core Engineering group, who are experts in underground power distribution design and other fire-hardening techniques. Four years ago, NV5 assisted a west coast client with a system-wide program for gathering data across their entire service area. For this client, it uploaded all the and made it highly accessible to client staff, enabling them to work with the data countless times and effectively respond to queries without going into the field. This client continues to use this data today as a baseline of their system and collects yearly refreshed of their system to enhance this data set not only for PSPS purposes but for general asset and risk management.



For clients that do not have experience with remote sensing, NV5 has a proven track record of progressing quickly from pilot to project to program. It runs a pilot typically to ensure that the most efficient way for the clients to introduce remote sensing capabilities in their daily operations and recognize the value it brings. Ultimately, it develops into a program that involves the acquisition of a client’s entire system, or a portion of it, on a yearly, bi-yearly, or quarterly basis.

Our capacity to supply massive utility datasets using the right geospatial technology that mitigates issues through analytics, artificial intelligence and picture recognition give us a competitive edge


NV5’s strong suit is its customer focus teams (CFT), which are assigned to the same client year in and year out to build a deep working relationship between the client and team in order to enhance operational and delivery efficiencies. Simultaneously, its consulting team works closely with clients to assess how they utilize data in the field. They also offer suggestions for improvement and assistance for any client-side change management.

NV5 remains a dominant force in the transmission and distribution sector, evolving along with the remote sensing market and tailoring its offerings to the demands of its clients. It intends to release numerous intriguing asset management and identification solutions backed by modern sensors, cameras, AI, and image recognition for the distribution space. On the transmission side, NV5 is improving risk-based analysis to enhance the understanding of transmission system risks and help utilities harden their infrastructure instead of solely observing vegetation or other risk factors. It has also developed RS, a second-generation substation robot that autonomously monitors a substation and provides real-time feedback and information utilizing thermal and lidar images.
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Top 10 Transmission and Distributions Solutions Companies – 2023

Company
NV5

Management
Eric Merten, Vice President and General Manager

Description
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 & program management, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve the standard of living across communities.

NV5 News

NV5 to Host Fourth Quarter and Full Year 2023 Conference Call on Thursday, February 22nd at 4:30pm ET

HOLLYWOOD - NV5 Global, Inc. (referred to as "the Company" or "NV5") (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, is scheduled to disclose its financial results for the fourth quarter ending on December 30, 2023, on Thursday, February 22, 2024, after the markets close. Concurrently, the Company will conduct an earnings conference call at 4:30 p.m. Eastern time on the same day.

The call will be led by NV5's Chairman and CEO, Dickerson Wright, and Chief Financial Officer, Edward Codispoti, followed by a question and answer session.

Details for the conference call are as follows:

• Date: Thursday, February 22, 2024

• Time: 4:30 p.m. Eastern

• Toll-free dial-in number: +1 (800) 715-9871

• International dial-in number: +1 (646) 307-1963

• Conference ID: 2719957

• Webcast: https://ir.nv5.com

Participants joining via phone are encouraged to dial in ten minutes ahead of the scheduled time to minimize wait times. The conference call will be live-streamed and can be replayed through the Investors section of the NV5 website. Additionally, the press release containing financial results and the presentation slides intended for the conference call will be accessible on the website.

NV5 Awarded $27 Million by the California Department of Transportation District 6 for Not at Risk Construction Management Services

HOLLYWOOD - NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has been awarded a three-year, $27 million contract by the California Department of Transportation (Caltrans) District 6 to provide construction management for not at-risk services.

NV5 will deliver construction inspection, office engineering, claims support, and constructability support services for transportation projects within Caltrans District 6, serving Fresno, Kern, Kings, Madera, and Tulare counties. NV5 will support Caltrans with pavement rehabilitation projects on Interstate 5, highway widenings, the establishment of new interchanges on State Route 99, and other non-scheduled projects as they occur.

“NV5’s work with Caltrans in District 6 will support NV5’s accelerated organic growth in the infrastructure sector and underscores our commitment to delivering value and innovation to support infrastructure sustainability, reliability, and safety,” said Dickerson Wright, PE, Executive Chairman of NV5.

“We take great pride in our many years of ongoing services to support Caltrans,” said Todd George, PE, COO at NV5. “We look forward to leveraging our expertise to advance vital transportation projects that positively impact the communities we serve.”

NV5 Awarded $13 Million in Data Center Mission Critical Wins

HOLLYWOOD - NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has been awarded $13 million in contracts to support the expansion of data center assets for technology and financial companies in Asia and the United States.

“NV5’s data center mission critical services continue to drive organic growth internationally and domestically, and we have recently expanded our operations into new markets in Japan and Taiwan,” said Dickerson Wright, PE, Executive Chairman of NV5. “We are pleased to have recently introduced our technology offerings and installation management with our existing engineering and commissioning capabilities in the high-growth data center market.”

The expansion of cloud computing and storage in international and domestic markets, coupled with the proliferation of artificial intelligence (AI) has driven unprecedented growth in the expansion of data center infrastructure. New server technology to support AI applications have an even greater demand on the electrical grid, cooling, and ventilation systems, requiring extensive retrofitting of existing data centers or new construction built to stringent standards.

NV5 supports data center and mission critical infrastructure through comprehensive service offerings including testing and commissioning, due diligence, certification, mission critical design, installation management, modeling, and analytics. Additionally, NV5’s infrastructure engineering group delivers power delivery services to connect data center assets to the existing electrical grid.

NV5 Awarded $13 Million in Data Center Mission Critical Wins

HOLLYWOOD - NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has been awarded $13 million in contracts to support the expansion of data center assets for technology and financial companies in Asia and the United States.

“NV5’s data center mission critical services continue to drive organic growth internationally and domestically, and we have recently expanded our operations into new markets in Japan and Taiwan,” said Dickerson Wright, PE, Executive Chairman of NV5. “We are pleased to have recently introduced our technology offerings and installation management with our existing engineering and commissioning capabilities in the high-growth data center market.”

The expansion of cloud computing and storage in international and domestic markets, coupled with the proliferation of artificial intelligence (AI) has driven unprecedented growth in the expansion of data center infrastructure. New server technology to support AI applications have an even greater demand on the electrical grid, cooling, and ventilation systems, requiring extensive retrofitting of existing data centers or new construction built to stringent standards.

NV5 supports data center and mission critical infrastructure through comprehensive service offerings including testing and commissioning, due diligence, certification, mission critical design, installation management, modeling, and analytics. Additionally, NV5’s infrastructure engineering group delivers power delivery services to connect data center assets to the existing electrical grid.

An Intrinsic Calculation For NV5 Global, Inc. (NASDAQ:NVEE) Suggests It's 50% Undervalued

• NV5 Global's estimated fair value is US$205 based on 2 Stage Free Cash Flow to Equity

• NV5 Global's US$104 share price signals that it might be 50% undervalued

• The US$125 analyst price target for NVEE is 39% less than our estimate of fair value

How far off is NV5 Global, Inc. (NASDAQ:NVEE) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to their present value. We will use the Discounted Cash Flow (DCF) model on this occasion. Don't get put off by the jargon, the math behind it is actually quite straightforward.

We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.