Smith-Midland Announces Inclusion in Russell Microcap(R) Index

Rhea-AI Summary

Smith-Midland Corporation (NASDAQ:SMID) has been included in the Russell Microcap® Index effective June 25, 2021, enhancing its profile among investors. CEO Ashley Smith highlighted this milestone as a reflection of the company's strong performance, including a successful uplisting to NASDAQ and securing the largest rental barrier contract in its history. The Russell Microcap® Index serves as a key benchmark for investment strategies utilized by institutional investors.

Positive

• Smith-Midland's inclusion in the Russell Microcap® Index boosts visibility and credibility among investors.
• Successful uplisting to NASDAQ, indicating strong market performance and acceptance.
• Secured the largest rental barrier contract in the company's history, enhancing revenue potential.
• Approval for MASH tested J-J Hooks barrier in California, expanding product offerings.
• Management holds approximately 20% of SMID stock, aligning their interests with shareholders.

Negative

• None.

MIDLAND, VA / ACCESSWIRE / June 28, 2021 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced that the Company has been added to the Russell Microcap® Index effective after the market close, June 25^th.

"Smith-Midland's inclusion in the Russell Microcap® Index is another milestone that reflects the Company's exceptional performance. Our team continues to focus on building upon our success and drive value to our shareholders," said Ashley Smith, Chief Executive Officer. "In the past year, we uplisted to NASDAQ, signed the largest rental barrier contract in Company history, received approval for MASH tested J-J Hooks barrier in California, the second largest highway system in the United States, and expanded our licensee base. This inclusion in the Russell Microcap® Index is a testament to Smith-Midland's dedicated teams' diligence and tireless work. We remain highly focused on our core principles of consistently delivering long-term shareholder value," concluded Ashley.

The Russell Microcap® Index is used as a benchmark for active investment strategies and by investment managers and institutional investors for index funds.

About Smith-Midland

Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utilities industries. Management and the board own approximately 20 percent of SMID stock, aligning with shareholder values.

Contacts:

Smith-Midland Corporation

AJ Krick, CFO
540-439-3266
investors@smithmidland.com

Three Part Advisors

Steven Hooser or Deidra Roy
214-872-2710
shooser@threepa.com; droy@threepa.com

SOURCE: Smith-Midland Corporation

View source version on accesswire.com:
https://www.accesswire.com/653211/Smith-Midland-Announces-Inclusion-in-Russell-MicrocapR-Index

FAQ

When was Smith-Midland added to the Russell Microcap® Index?

Smith-Midland was added to the Russell Microcap® Index effective after market close on June 25, 2021.

What significant contract did Smith-Midland secure recently?

Smith-Midland secured the largest rental barrier contract in the company's history.

What is the significance of being included in the Russell Microcap® Index for SMID?

Inclusion in the Russell Microcap® Index enhances visibility and serves as a benchmark for investors and investment managers.

What products does Smith-Midland specialize in?

Smith-Midland specializes in precast concrete products for construction, transportation, and utilities industries.