STOCK TITAN

Smith-Midland Receives Over $8M in J-J Hooks Barrier Rental Contracts in Virginia

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Smith-Midland (NASDAQ:SMID) has secured over $8 million in contracts to rent J-J Hooks precast concrete barriers through its Concrete Safety Systems (CSS) division. The projects involve three separate installations for the Virginia Department of Transportation (VDOT) in Fairfax and New Kent Counties. The New Kent County project includes barrier installation for the I-64 corridor widening, extending through 2026. CSS crews can install up to 4,800 linear feet of barrier overnight. The J-J Hooks system, which meets Federal Highway Administration's MASH TL-3 standards, has been installed for over 16 million linear feet worldwide.

Smith-Midland (NASDAQ:SMID) ha assicurato contratti per oltre 8 milioni di dollari per il noleggio di barriere in cemento prefabbricate J-J Hooks attraverso la sua divisione Concrete Safety Systems (CSS). I progetti comprendono tre installazioni separate per il Dipartimento dei Trasporti della Virginia (VDOT) nei distretti di Fairfax e New Kent. Il progetto nel New Kent County include l'installazione di barriere per l'allargamento del corridoio I-64, che si protrarrà fino al 2026. I team di CSS possono installare fino a 4.800 piedi lineari di barriera durante la notte. Il sistema J-J Hooks, che soddisfa gli standard MASH TL-3 dell'Amministrazione Federale delle Autostrade, è stato installato per oltre 16 milioni di piedi lineari in tutto il mondo.

Smith-Midland (NASDAQ:SMID) ha asegurado contratos por más de 8 millones de dólares para alquilar barreras de concreto prefabricado J-J Hooks a través de su división Concrete Safety Systems (CSS). Los proyectos involucran tres instalaciones separadas para el Departamento de Transporte de Virginia (VDOT) en los condados de Fairfax y New Kent. El proyecto en el condado de New Kent incluye la instalación de barreras para la ampliación del corredor I-64, que se extenderá hasta 2026. Los equipos de CSS pueden instalar hasta 4.800 pies lineales de barrera durante la noche. El sistema J-J Hooks, que cumple con los estándares MASH TL-3 de la Administración Federal de Autopistas, se ha instalado a nivel mundial en más de 16 millones de pies lineales.

스미스-미들랜드 (NASDAQ:SMID)는 콘크리트 안전 시스템(CSS) 부서를 통해 J-J Hooks 프리캐스트 콘크리트 장벽을 임대하기 위해 800만 달러 이상의 계약을 체결했습니다. 이 프로젝트는 버지니아 교통부(VDOT)를 위해 페어팩스와 뉴켄트 카운티에 대한 세 개의 별도 설치와 관련이 있습니다. 뉴켄트 카운티 프로젝트에는 2026년까지 연장되는 I-64 회랑 확장을 위한 장벽 설치가 포함됩니다. CSS 팀은 매일 밤 최대 4,800피트의 장벽을 설치할 수 있습니다. J-J Hooks 시스템은 연방 고속도로 관리국의 MASH TL-3 기준을 충족하며, 전 세계적으로 1,600만 피트 이상의 장벽이 설치되었습니다.

Smith-Midland (NASDAQ:SMID) a obtenu des contrats de plus de 8 millions de dollars pour la location de barrières en béton préfabriquées J-J Hooks à travers sa division Concrete Safety Systems (CSS). Les projets concernent trois installations distinctes pour le département des transports de Virginie (VDOT) dans les comtés de Fairfax et de New Kent. Le projet dans le comté de New Kent comprend l'installation de barrières pour l'élargissement du corridor I-64, qui s'étendra jusqu'en 2026. Les équipes de CSS peuvent installer jusqu'à 1 460 mètres de barrières pendant la nuit. Le système J-J Hooks, qui répond aux normes MASH TL-3 de l'administration fédérale des routes, a été installé pour plus de 16 millions de mètres linéaires dans le monde.

Smith-Midland (NASDAQ:SMID) hat Verträge im Wert von über 8 Millionen Dollar gesichert, um J-J Hooks Fertigbetonbarrieren über seine Abteilung Concrete Safety Systems (CSS) zu mieten. Die Projekte umfassen drei separate Installationen für das Virginia Department of Transportation (VDOT) in den Fairfax und New Kent Counties. Das Projekt im New Kent County beinhaltet die Installation von Barrieren für die Erweiterung des I-64-Korridors, die bis 2026 andauern wird. CSS-Teams können über Nacht bis zu 4.800 laufende Fuß Barriere installieren. Das J-J Hooks-System, das die MASH TL-3-Standards der Federal Highway Administration erfüllt, wurde weltweit über 16 Millionen laufende Fuß installiert.

Positive
  • Secured over $8 million in new rental contracts
  • Multi-year project extending through 2026
  • Demonstrated operational efficiency with 4,800 linear feet overnight installation capability
  • Product meets Federal Highway Administration standards
Negative
  • None.

Insights

This $8 million contract win represents a significant revenue boost for Smith-Midland, equating to approximately 3% of their market cap. The multi-year nature of these projects, extending through 2026, provides stable, recurring revenue streams through their CSS rental division. The contracts demonstrate strong market positioning in Virginia's infrastructure development sector and highlight the company's ability to secure large-scale government contracts.

The operational efficiency of installing up to 4,800 linear feet of barrier in a single overnight shift showcases scalability and cost-effectiveness. Working with established contractors like Allan Myers and Branch Civil strengthens their market presence and could lead to additional contract opportunities. The J-J Hooks system's MASH TL-3 certification and widespread adoption (16 million linear feet installed) indicate a strong competitive advantage in the safety barrier market.

MIDLAND, VA / ACCESSWIRE / December 3, 2024 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems has begun renting its J-J Hooks precast concrete barrier to the Virginia Department of Transportation (VDOT), as part of three separate projects in Virginia. The total value of the projects through its Concrete Safety Systems (CSS) rental division is over $8 million.

CSS will deliver, install, and service J-J Hooks precast concrete freestanding and pinned barriers, and attenuators, ensuring clear direction for motorists and enhanced safety for workers across Fairfax and New Kent Counties, VA.

For New Kent County, CSS will provide barrier for the Gap C portion of the widening project along the I-64 corridor, expanding the Interstate between Richmond and Hampton Roads from two to three lanes, and is expected to last through 2026. CSS will be servicing the Fairfax County Parkway and Popes Head Road Interchanges in Fairfax County.

"We are proud to continue supporting VDOT projects with our rental barriers and services," said Matthew Smith, President of Concrete Safety Systems. "These initiatives are designed to alleviate congestion in high-traffic areas while promoting economic growth. At Concrete Safety Systems, we remain dedicated to providing high-quality products and services-a commitment that our partners consistently acknowledge through their continued trust in us."

These projects involve CSS collaborating with general contractors Allan Myers and Branch Civil, as well as the Virginia Department of Transportation (VDOT). The size and scope of the specifications showcase the expertise of CSS crews, who can safely and efficiently deliver and install up to 4,800 linear feet of barrier in a single overnight shift.

Specified and approved across North America, the patented J-J Hooks Precast Concrete Safety Barrier system is the most economical and easiest to install, with fast connections, no loose hardware, and rapid reconfiguration. More than 16 million linear feet have been installed worldwide. The barrier meets the Federal Highway Administration's MASH TL-3 testing standards and is also available in freestanding, bolt-down, and low-profile versions, designed by Easi-Set Industries, a division of Smith-Midland Corporation.

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 utility industries.

Smith-Midland Corporation has three manufacturing facilities 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 Inquiries:
scrandall@midlandadvertising.com
(540) 439-8056

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

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

SOURCE: Smith-Midland Corporation



View the original press release on accesswire.com

FAQ

What is the value of Smith-Midland's (SMID) new barrier rental contracts in Virginia?

Smith-Midland (SMID) secured over $8 million in J-J Hooks barrier rental contracts for three separate projects in Virginia.

Where are Smith-Midland's (SMID) new barrier projects located in Virginia?

The projects are located in Fairfax and New Kent Counties, Virginia, including the I-64 corridor and Fairfax County Parkway and Popes Head Road Interchanges.

How long will Smith-Midland's (SMID) New Kent County project last?

The New Kent County project, which involves widening I-64 from two to three lanes, is expected to last through 2026.

How much barrier can Smith-Midland's (SMID) CSS crews install in one night?

CSS crews can safely and efficiently deliver and install up to 4,800 linear feet of barrier in a single overnight shift.

Smith-Midland Corporation

NASDAQ:SMID

SMID Rankings

SMID Latest News

SMID Stock Data

254.25M
4.45M
15.31%
59.27%
4.71%
Building Materials
Concrete Products, Except Block & Brick
Link
United States of America
MIDLAND