Smith-Midland Awarded Soundwall Contract for Hampton Roads Project

Rhea-AI Summary

Smith-Midland Corporation (NASDAQ:SMID) has secured a $2 million soundwall contract for the significant Hampton Roads Bridge Tunnel Project in Virginia. The contract involves nearly 1,000 precast soundwall panels designed to absorb noise, utilizing the company's patented SoftSound material. This award enhances Smith-Midland's role in a larger $3.8 billion civil construction project, aimed at widening the I-64 corridor and constructing new tunnels. Production of the panels is set to commence this summer, aligning with the company's commitment to providing innovative noise barriers and ensuring safety for local residents.

Positive

• Award of a $2 million contract for soundwall panels enhances revenue and market presence.
• Project aligns with major Hampton Roads Bridge Tunnel Project, valued at $3.8 billion.
• Utilization of patented SoftSound material showcases innovation and competitive advantage.

Negative

• None.

MIDLAND, VA / ACCESSWIRE / April 28, 2022 / Smith-Midland Corporation (NASDAQ:SMID) Smith-Midland Corporation (NASDAQ:SMID), provider of innovative, high-quality proprietary and patented precast concrete products and systems, has been awarded a new soundwall contract that expands Smith-Midland's participation on the historic Hampton Roads Bridge Tunnel Project (HRBT) in Hampton, VA.

The $2 million contract will require nearly 1,000 precast soundwall panels of various sizes and will have a drystack stone appearance with custom starfish and frigate medallions symbolizing the ocean and military presence in the region. The panels will also utilize SoftSound, Smith-Midland's patented sound absorptive wood aggregate material, to dampen the noise coming from I-64 traffic. Delivery of the panels will begin this summer.

"This is an incredible project for the state of Virginia and Smith-Midland. We are now producing and supplying two different products, our J-J Hooks concrete barrier, that provide safety for the workers and now sound barrier to reduce noise for residents who live in neighborhoods along this busy corridor." stated Matthew Smith, VP of Sales and Marketing for Smith-Midland Corporation.

The five-year long, $3.8B project will widen the current segments of the 1-64 HRBT corridor in Norfolk and Hampton to eight lanes and bore new twin tunnels under the James River, making this is the largest civil construction contract ever awarded by the Virginia Department of Transportation (VDOT).

Hampton Roads Connector Partners is a joint venture of Dragados USA, Vinci Construction, and Flatiron Constructors.

About Smith-Midland Corporation

Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products and systems for use primarily in the construction, transportation, and utilities 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 a J-J Hooks Safety Barrier rental firm, Concrete Safety Systems. 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, please call (540) 439-3266 or visit www.smithmidland.com.

Media and Sales Inquiries:
info@smithmidland.com
(540) 439-3266

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

SOURCE: Smith-Midland Corporation

View source version on accesswire.com:
https://www.accesswire.com/699202/Smith-Midland-Awarded-Soundwall-Contract-for-Hampton-Roads-Project

FAQ

What is the recent contract awarded to Smith-Midland Corporation?

Smith-Midland Corporation was awarded a $2 million contract to supply soundwall panels for the Hampton Roads Bridge Tunnel Project.

How many precast soundwall panels will Smith-Midland produce for the project?

Smith-Midland will produce nearly 1,000 precast soundwall panels for the Hampton Roads Bridge Tunnel Project.

What is the total value of the Hampton Roads Bridge Tunnel Project?

The total value of the Hampton Roads Bridge Tunnel Project is $3.8 billion.

What materials will be used in the construction of the soundwall panels?

The soundwall panels will utilize SoftSound, a patented sound absorptive wood aggregate material.

When will the delivery of the soundwall panels begin?

Delivery of the soundwall panels is scheduled to begin this summer.