Smith-Midland to Manufacture and Install $6 Million in Architectural Panels

Rhea-AI Summary

Smith-Midland Corporation (NASDAQ:SMID) announced a manufacturing contract exceeding $6 million for Architectural Panels and Columns for projects in Northern Virginia and New Jersey. The company will produce precast security walls for the Dominion Idylwood Substation Project in Falls Church, Virginia, with Phase I completed in Q3 2022. Additionally, Smith-Midland is collaborating with Benaka, Inc. to manufacture panels for ammunition shelters, with deliveries expected in mid-2023. Executives expressed confidence in the quality and craftsmanship of their precast products, positioning the company for future large-scale projects.

Positive

• Awarded contracts exceeding $6 million for architectural precast products.
• Successful completion of Phase I of the Dominion Idylwood project, leading to Phase II.
• Collaboration with Benaka, Inc. for ammunition shelters indicates diversification.

Negative

• None.

MIDLAND, VA / ACCESSWIRE / January 19, 2023 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, will be manufacturing just over $6 Million in Architectural Panels and Columns for two large projects located in Northern Virginia and New Jersey.

The Company will manufacture thin-brick, custom-designed, Architectural Precast Security/Screen Walls and Posts for Phase II of the Dominion Idylwood Substation Project in Falls Church, Virginia. Phase I of this project was completed in the third quarter of 2022, much to the satisfaction of the surrounding neighborhood, which was wary of how a security wall would look.

"This project provides Smith-Midland the opportunity to continue showcasing the talents and craftsmanship capabilities of our team. The brick layout our group designed and produced for Phase I of the project was indistinguishable from actual brick, and residents were impressed with the speed at which precast can be installed. We are looking forward to Phase II and continuing to produce top-quality, intricate architectural precast products." Matthew Smith, Vice President, Sales & Marketing, Smith-Midland.

Working with Benaka, Inc. out of New Brunswick, NJ, the Company will manufacture precast architectural panels and roofs for ammunition shelters. Delivery and installation of these panels will begin in mid-2023.

"The security and durability that our precast panels and buildings provide lend themselves to these types of projects perfectly. We pride ourselves on producing the best precast products on the market and look forward to many more large-scale architectural and structural precast projects in the future," said Ashley Smith, Chief Executive Officer and President of Smith-Midland.

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 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 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 source version on accesswire.com:
https://www.accesswire.com/735618/Smith-Midland-to-Manufacture-and-Install-6-Million-in-Architectural-Panels

FAQ

What is the total value of the contracts announced by Smith-Midland Corporation?

The contracts announced by Smith-Midland Corporation exceed $6 million.

What projects are Smith-Midland working on in 2023?

Smith-Midland is manufacturing architectural precast walls for the Dominion Idylwood Substation Project and panels for ammunition shelters.

When is the delivery of the precast panels for the ammunition shelters scheduled?

The delivery and installation of the panels for the ammunition shelters will begin in mid-2023.

What type of products is Smith-Midland Corporation known for?

Smith-Midland Corporation is known for innovative, high-quality proprietary precast concrete products and systems.

What was completed in the third quarter of 2022 related to Smith-Midland's projects?

Phase I of the Dominion Idylwood Substation Project was completed in the third quarter of 2022.