StockNews.AI
SMID
StockNews.AI
210 days

Easi-Set Worldwide Signs Building License Agreement with Infrastructure Precast, Inc.

1. Easi-Set Worldwide licenses ICast to produce precast buildings in Kentucky. 2. ICast, established in 2015, now has over 50 employees. 3. This agreement strengthens Easi-Set's market presence in the region. 4. Smith-Midland holds a significant stake in its own stock.

5m saved
Insight
Article

FAQ

Why Bullish?

The partnership may increase revenue streams for SMID, similar to past agreements boosting sales.

How important is it?

The licensing agreement and market expansion represent significant growth potential for SMID.

Why Long Term?

Strategic partnerships like this often lead to sustained growth opportunities over time.

Related Companies

SMID
Easi-Set Worldwide, a subsidiary of Smith-Midland Corporation (NASDAQ:SMID), is excited to announce a new licensing agreement with Infrastructure Precast Inc. (ICast) of Kentucky. Under this agreement, ICast will produce Easi-Set and Easi-Span precast concrete modular buildings for Kentucky, Middle Tennessee, and Southern Indiana. ICast is currently licensed to manufacture the Easi-Set J-J Hooks precast concrete barrier."We truly consider it a privilege to partner with Easi-Set on various product lines and look forward to growing markets together," said Jonathon Ross, PE, President and CEO of Infrastructure Precast, Inc.ICast began in 2015 with three employees and has evolved into an NPCA-certified, highly reputable company with over 50 staff members, manufacturing multiple high-quality precast products for various industries. ICast continues to drive innovation and excellence in the industry through strategic partnerships with industry leaders."This agreement reinforces our strong relationship with ICast, and we look forward to collaborating with them on both product lines, introducing more Easi-Set products to the country," said Art Miles, President of Easi-Set Industries.To learn more about using Easi-Set precast concrete buildings for your next project or to inquire about becoming a licensee, contact Easi-Set Worldwide at 540-439-8911, or [email protected].About Smith-Midland CorporationSmith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products primarily in the construction, transportation, and utility 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 Concrete Safety Systems, our J-J Hooks Safety Barrier rental division.About Easi-Set WorldwideEasi-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 regarding licensing or sales, please call (540) 439-8911 or visit www.easiset.com.Forward-Looking StatementsThis 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 that 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, inflationary factors including potential recession, general business, and economic conditions, our debt exposure, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.Media Inquiries:[email protected](540) 439-8056Licensing & Sales Inquiries:[email protected](540) 439-8911Investor Relations:Steven Hooser or John BeislerThree Part Advisors, LLC(214) 872-2710SOURCE: Smith-Midland Corporation

Related News