Smith-Midland Awarded $5M SlenderWall Contract for FBI Project
Rhea-AI Summary
Smith-Midland (NASDAQ:SMID) has secured a $5 million contract to produce SlenderWall and architectural precast concrete panels for FBI dormitory re-cladding project in Quantico, Virginia. The company's high-performance, lightweight precast concrete cladding system production will commence in June 2025 at their Virginia plant, with installation planned for October 2025.
The project involves collaboration between Smith-Midland's design-assist team and BL Harbert Construction to develop an efficient re-cladding system. The SlenderWall solution is engineered for durability, energy efficiency, and rapid installation, offering structural performance optimization and cost savings.
Positive
- Secured significant $5M contract for FBI facility project
- Project demonstrates capability to win government contracts
- Partnership with established construction firm BL Harbert enhances project credibility
Negative
- None.
Insights
The award of a
This contract delivers three critical benefits: immediate revenue visibility, product validation, and strategic positioning. The contract timeline (production beginning June 2025, installation in October 2025) provides clear revenue visibility for the next 6-12 months. More importantly, securing a high-security federal government client like the FBI strongly validates their proprietary SlenderWall technology, particularly regarding its durability and security features.
Beyond the direct financial impact, this creates strategic differentiation through their design-assist capability, which adds service revenue alongside manufacturing. The endorsement from BL Harbert's Director praising Smith-Midland's "leadership" and "proactive approach" further strengthens their positioning for similar high-value re-cladding projects.
For a company with a relatively modest market capitalization, securing government contracts typically provides stable payment terms and establishes credibility for winning similar contracts. This deal demonstrates Smith-Midland's ability to successfully compete for and secure significant projects with prestigious clients, potentially opening doors to additional government facility renovations where security and durability are paramount requirements.
Smith-Midland to Produce SlenderWall for FBI Dorm Re-Cladding Project in Virginia
MIDLAND, VA / ACCESS Newswire / April 3, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, has been selected to produce more than
Production of SlenderWall, Smith-Midland's high-performance, lightweight precast concrete cladding system, is set to begin in June 2025 at the company's Virginia plant, with installation slated for October 2025. Engineered for durability, energy efficiency, and rapid installation, SlenderWall offers a cutting-edge solution for modern construction projects.
"We are honored that SlenderWall has been selected for the FBI facility in Quantico," said Matthew Smith, Vice President of Sales and Marketing at Smith-Midland. "Our advanced architectural precast cladding system provides the durability, security, and efficiency required for such a critical institution. By integrating SlenderWall, this project benefits from a lightweight yet resilient solution that enhances structural performance while optimizing installation time and cost savings. This collaboration underscores our commitment to delivering innovative building materials that meet the highest standards of safety and excellence."
The Smith-Midland design-assist team, a service that is offered to clients, has partnered with BL Harbert Construction and their project design team, to develop a re-cladding system that ensures the FBI facility in Quantico, Virginia, will continue to be a structurally strong, secure, and aesthetically refined building. Their collaboration streamlines both the design and installation process, ensuring efficiency and project success.
"A special thank you to Smith-Midland for their leadership, extraordinary effort, and commitment to this project and team," said Garrett Goodman, Director of Design at BL Harbert. "Their proactive approach has been instrumental in getting us to this stage, allowing precast production to begin in the coming months to keep the overall project on schedule."
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.
Forward-Looking Statements
This announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those 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, the uncertainties arising from the policies of the new Administration and DOGE, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, 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:
Sarah Crandall
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 ACCESS Newswire
FAQ
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