Easi-Set Worldwide Announces License Agreement With Canadian-Based Critical Precast Structures Inc.

Rhea-AI Summary

Smith-Midland Corporation (NASDAQ:SMID) has announced a license agreement with Critical Precast Structures Inc. to manufacture Easi-Set modular buildings in Ontario and Northern New York. This agreement enhances Easi-Set’s presence in the precast building market, leveraging Critical's manufacturing capabilities. The partnership aims to uphold Easi-Set’s quality standards and expand its licensing strategy, further broadening Smith-Midland's global footprint. With over 70 companies, the Powell Group brings a strong presence to the collaboration.

Positive

• License agreement with Critical Precast Structures enhances market presence.
• Expansion into Ontario and Northern New York opens new revenue streams.
• Strategic partnership strengthens licensing framework and global footprint.

Negative

• None.

MIDLAND, VA / ACCESSWIRE / September 15, 2022 / Easi-Set Worldwide, a subsidiary of Smith-Midland Corporation (NASDAQ:SMID), today announced a signed license agreement with Critical Precast Structures Inc. ("Critical"), a subsidiary of the Powell Noise Wall Group, in Ontario Canada. Critical will manufacture Easi-Set & Easi-Span modular buildings for the Ontario and Northern New York state markets.

"We are excited to add the Easi-Set precast building product line to our precast manufacturing capabilities. A recognized brand in our marketplace, we intend to build upon the high-quality standards and value that Easi-Set is known for. Through the partnership and support with the Easi-Set team, we look forward to further strengthening our relationship for many years to come," said Jason Spencer, President of Powell Noise Wall Group.

Critical Precast Structures Inc. is a subsidiary of the Powell Wall Group. The Powell Group of Companies, founded in 1967, and headquartered in Stouffville Ontario, currently consists of over 70 companies across Canada & the United States.

"This agreement with Critical widens and deepens our unique relationships across our family of Easi-Set Buildings licensees. Powered by the framework and actions of our licensing strategy, Smith-Midland continues to broaden its global footprint," said Art Miles, President, Easi-Set Industries.

To learn more about using Easi-Set precast concrete buildings for your next project, or to inquire about becoming a licensee, contact Easi-Set Worldwide at 540-439-8911, info@easiset.com.

About Smith-Midland Corporation
Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utility industries. Management and the board own approximately five percent of SMID stock, aligning with shareholder values. Smith-Midland Corporation has three manufacturing facilities located in Midland, VA, Reidsville, NC, and Columbia, SC, and Concrete Safety Systems, our J-J Hooks Safety Barrier rental division.

About Easi-Set Worldwide
Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall, and provides diversification opportunities to the precast industry worldwide. For more information regarding licensing or sales, please call (540) 439-8911 or visit www.easiset.com.

Media Inquiries:
scrandall@midlandadvertising.com
(540) 439-8056

Licensing & Sales Inquiries:
info@easiset.com
(540) 439-8911

Investor Relations:
Steven Hooser or John Beisler
Three Part Advisors, LLC
(214) 872-2710

SOURCE: Smith-Midland Corporation

View source version on accesswire.com:
https://www.accesswire.com/716053/Easi-Set-Worldwide-Announces-License-Agreement-With-Canadian-Based-Critical-Precast-Structures-Inc

FAQ

What is the recent license agreement announced by SMID?

Smith-Midland Corporation announced a license agreement with Critical Precast Structures Inc. to manufacture Easi-Set modular buildings in Ontario and Northern New York.

How does the agreement affect SMID's market presence?

The agreement allows SMID to widen its market presence in the Ontario and Northern New York regions, enhancing its product distribution.

What are Easi-Set products related to SMID?

Easi-Set products are precast concrete building solutions produced under a licensing framework, aimed at construction and utility sectors.

When was the license agreement with Critical signed?

The license agreement was announced on September 15, 2022.

Who will manufacture the Easi-Set buildings in Canada?

Critical Precast Structures Inc. will manufacture the Easi-Set modular buildings for the Ontario and Northern New York markets.