Midland, Va. - Smith-Midland Corporation (OTC BB, Boston Stock Exchange: SMID, SMID) announced that the Company was selected by Facchina Construction Company, Inc. to furnish and deliver J-J Hooks concrete highway safety barrier as part of a larger project of improvements along I-695 and I-83. Over 21,000 linear feet of barrier will be sold and rented for the project. Facchina preferred J-J Hooks in this project because the barrier is easier to set and there is no loose hardware which makes it less costly. The total value of the contract is over $528,000, half of which will be completed this year and the balance completed next spring.
Smith-Midland develops, manufactures, licenses, and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities industries. Smith-Midland has two manufacturing facilities located in Midland, Virginia, and Reidsville, North Carolina. Easi-Set Industries, a wholly-owned subsidiary of Smith-Midland Corporation, licenses Smith-Midland developed products throughout North America and in Europe and South America. Easi-Set Industries currently has over 30 precast concrete product licensees worldwide.
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 which 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, general business and economic conditions, the effect of the Company’s accounting policies and other risks detailed in the Company’s Annual Report on Form 10-KSB and other filings with the Securities and Exchange Commission.
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