Easi-Set Worldwide Signs Building License Agreement with Infrastructure Precast, Inc.
Easi-Set Worldwide, a subsidiary of Smith-Midland (NASDAQ:SMID), has signed a new licensing agreement with Infrastructure Precast Inc. (ICast) of Kentucky. The agreement allows ICast to manufacture Easi-Set and Easi-Span precast concrete modular buildings for Kentucky, Middle Tennessee, and Southern Indiana markets.
ICast, which started in 2015 with three employees, has grown into an NPCA-certified company with over 50 staff members. The company is already licensed to produce Easi-Set J-J Hooks precast concrete barrier and manufactures various high-quality precast products for multiple industries.
Easi-Set Worldwide, una filiale di Smith-Midland (NASDAQ:SMID), ha firmato un nuovo accordo di licenza con Infrastructure Precast Inc. (ICast) del Kentucky. L'accordo consente a ICast di produrre edifici modulari in calcestruzzo prefabbricato Easi-Set ed Easi-Span per i mercati del Kentucky, della Tennessee centrale e dell'Indiana meridionale.
ICast, che è stata fondata nel 2015 con tre dipendenti, è cresciuta fino a diventare un'azienda certificata NPCA con oltre 50 membri del personale. L'azienda è già autorizzata a produrre barriere in calcestruzzo prefabbricato Easi-Set J-J Hooks e produce vari prodotti prefabbricati di alta qualità per diversi settori.
Easi-Set Worldwide, una subsidiaria de Smith-Midland (NASDAQ:SMID), ha firmado un nuevo acuerdo de licencia con Infrastructure Precast Inc. (ICast) de Kentucky. El acuerdo permite a ICast fabricar edificios modulares de concreto prefabricado Easi-Set y Easi-Span para los mercados de Kentucky, el medio Tennessee y el sur de Indiana.
ICast, que comenzó en 2015 con tres empleados, ha crecido hasta convertirse en una empresa certificada por la NPCA con más de 50 empleados. La empresa ya está autorizada para producir barreras de concreto prefabricado Easi-Set J-J Hooks y fabrica varios productos prefabricados de alta calidad para múltiples industrias.
Easi-Set Worldwide는 Smith-Midland (NASDAQ:SMID)의 자회사로, 켄터키의 Infrastructure Precast Inc. (ICast)와 새로운 라이센스 계약을 체결했습니다. 이 계약은 ICast가 켄터키, 중부 테네시, 남부 인디애나 시장을 위한 Easi-Set 및 Easi-Span 프리캐스트 콘크리트 모듈 건물을 제조할 수 있도록 허용합니다.
2015년에 세 명의 직원으로 시작한 ICast는 50명 이상의 직원이 있는 NPCA 인증 회사로 성장했습니다. 이 회사는 Easi-Set J-J Hooks 프리캐스트 콘크리트 장벽을 생산할 수 있는 라이센스도 보유하고 있으며, 다양한 산업을 위한 고품질 프리캐스트 제품을 제조하고 있습니다.
Easi-Set Worldwide, une filiale de Smith-Midland (NASDAQ:SMID), a signé un nouvel accord de licence avec Infrastructure Precast Inc. (ICast) du Kentucky. Cet accord permet à ICast de fabriquer des bâtiments modulaires en béton préfabriqué Easi-Set et Easi-Span pour les marchés du Kentucky, du Tennessee central et du sud de l'Indiana.
ICast, qui a été fondée en 2015 avec trois employés, est devenue une entreprise certifiée NPCA avec plus de 50 employés. L'entreprise est déjà autorisée à produire des barrières en béton préfabriqué Easi-Set J-J Hooks et fabrique divers produits préfabriqués de haute qualité pour plusieurs secteurs.
Easi-Set Worldwide, eine Tochtergesellschaft von Smith-Midland (NASDAQ:SMID), hat einen neuen Lizenzvertrag mit Infrastructure Precast Inc. (ICast) aus Kentucky unterzeichnet. Der Vertrag erlaubt es ICast, Easi-Set und Easi-Span Fertigteilbeton-Modulgebäude für die Märkte in Kentucky, Mittel-Tennessee und Südindiana herzustellen.
ICast, das 2015 mit drei Mitarbeitern gegründet wurde, hat sich zu einem NPCA-zertifizierten Unternehmen mit über 50 Mitarbeitern entwickelt. Das Unternehmen ist bereits lizenziert zur Herstellung von Easi-Set J-J Hooks Fertigteilbetonbarrieren und produziert verschiedene hochwertige Fertigprodukte für mehrere Branchen.
- Expansion of licensing agreement with existing partner ICast increases market presence in three states
- Partnership with established NPCA-certified manufacturer having 50+ employees enhances production capabilities
- None.
Insights
The licensing agreement between Easi-Set Worldwide and Infrastructure Precast represents a strategic expansion in the precast concrete market. ICast's established presence in Kentucky, Middle Tennessee and Southern Indiana provides significant geographical expansion for Easi-Set's building solutions. The deal builds upon an existing successful partnership, as ICast already manufactures J-J Hooks barriers, indicating a proven track record of collaboration.
ICast's growth from 3 to 50+ employees since 2015 and their NPCA certification demonstrates operational capability and market demand. The expansion into modular buildings diversifies their product portfolio while leveraging existing manufacturing infrastructure. However, the immediate revenue impact appears modest relative to Smith-Midland's market cap of
In simpler terms: Think of this as opening a new franchise location - it's good for growth but won't dramatically change the company overnight. The real value lies in the long-term potential to capture market share in these new territories.
The precast concrete building market shows promising growth potential, particularly in infrastructure and commercial construction sectors. This licensing agreement strategically positions both companies to capitalize on regional development opportunities. ICast's proven growth trajectory and existing market presence reduce execution risk.
Key market implications include:
- Enhanced regional market penetration in three states
- Operational synergies from existing partnership
- Potential for increased licensing revenue streams
MIDLAND, VA / ACCESS Newswire / January 21, 2025 / Easi-Set Worldwide, a subsidiary of Smith-Midland Corporation (NASDAQ:SMID), is excited to announce a new licensing agreement with Infrastructure Precast Inc. (ICast) of Kentucky. Under this agreement, ICast will produce Easi-Set and Easi-Span precast concrete modular buildings for Kentucky, Middle Tennessee, and Southern Indiana. ICast is currently licensed to manufacture the Easi-Set J-J Hooks precast concrete barrier.
"We truly consider it a privilege to partner with Easi-Set on various product lines and look forward to growing markets together," said Jonathon Ross, PE, President and CEO of Infrastructure Precast, Inc.
ICast began in 2015 with three employees and has evolved into an NPCA-certified, highly reputable company with over 50 staff members, manufacturing multiple high-quality precast products for various industries. ICast continues to drive innovation and excellence in the industry through strategic partnerships with industry leaders.
"This agreement reinforces our strong relationship with ICast, and we look forward to collaborating with them on both product lines, introducing more Easi-Set products to the country," said Art Miles, President of 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, or info@easiset.com.
About Smith-Midland Corporation
Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products 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.
Forward-Looking Statements
This announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, inflationary factors including potential recession, general business, and economic conditions, our debt exposure, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.
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 the original press release on ACCESS Newswire
FAQ
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