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To: GARY P GROBBEL who wrote (25249)11/17/2004 11:27:49 AM
From: GARY P GROBBEL  Read Replies (4) | Respond to of 120415
 
SMID .81...net inc $.15 for 9mo on 15% rev rise PLUS these guys make concrete barriers for protecting premises on perimeter..that part of the biz will continue to push numbers higher here IMO....annualized PE of 4 given $.15 for 9mo...7m shares out...this is also a simple call and sooner or later will rewrd investors:

Smith-Midland Corporation Announces Results for the Quarter Ended September 30, 2004 with Revenues of $5,686,567 and a Net Income for the Quarter Totaling $273,306
Monday November 15, 5:50 pm ET

MIDLAND, Va.--(BUSINESS WIRE)--Nov. 15, 2004--Smith-Midland Corporation (OTCBB: SMID - News; Boston Stock Exchange: SMID) announced the company reported total revenue of $5,686,567 for the quarter ended September 30, 2004, compared to total revenue of $4,579,142 for the same period of 2003, an increase of $1,107,425, or 24%. Net income was $273,306 for the quarter ended September 30, 2004, compared to a net loss of $195,020 for the same period of 2003, an improvement of $468,326.
The company reported total revenues of $16,348,935 for the nine months ended September 30, 2004, compared to total revenue of $14,344,646 for the same period of 2003, an increase of $2,004,289, or 14%. Net income was $657,100 for the nine months ended September 30, 2004, compared to a net loss of $297,465 for the same period of 2003, which is an improvement of $954,565.

The increased net income was primarily the result of extra emphasis from management to improve efficiencies and control expenses across all areas of the company. The successful temporary installation of approximately 8,000 linear feet of security barrier for the Republican National Convention in New York City also contributed to the increase. In addition, the one-time effect of the settlement of the Bradley Hall Project case, during the second quarter 2004, accounted for $295,478 of the increase for the nine-month period ended September 30, 2004, which was recorded as a reduction to cost of goods sold.

Improved economic conditions resulted in increased sales of the Company's newer, innovative products such as Slenderwall(TM), Easi-Set buildings, as well as, architectural and Soundwall products. Royalty income was also up due to the addition of two new Easi-Set licensees, added in 2004, and increased volume reported by existing licensees.

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, VA, and Reidsville, NC. Easi-Set Industries, a wholly owned subsidiary of Smith-Midland Corporation, licenses Smith-Midland developed products throughout North America, Europe and South America. Easi-Set Industries currently has 30 precast concrete product licensees worldwide.



To: GARY P GROBBEL who wrote (25249)11/17/2004 7:57:12 PM
From: SG  Respond to of 120415
 
I agree on the plane missile defense, Gary. The loss of even one airliner would be catastophic in a variety of ways and it IS a solvable problem, unlike some others, I think.

No one even discusses the easy access to military fighter aircraft which, flying over my house at the same time every day and at MINIMAL altitude, would have a tough time evading a missile. The loss of even one of those would be also be dreadful and there must be dozens of military bases located near residential areas like mine.It doesn't take a rocket scientist...to fire a rocket.

SG



To: GARY P GROBBEL who wrote (25249)11/29/2004 3:34:29 PM
From: GARY P GROBBEL  Respond to of 120415
 
PHPG 1.30...to go along with your article Max on Gov't funding for the Northrup anti surface to air missile system:

PPGI AWARDED COMPONENT SUPPLY CONTRACT FROM NORTHROP GRUMMAN FOR MISSILE WARNING SYSTEMS NORTHVALE, NJ, June 3 – Photonic Products Group, Inc. (OTC Bulletin Board: PHPG) announced today that its INRAD business unit has been awarded a production contract for a optical filter component from Northrop Grumman’s Defensive Systems Division, based in Rolling Meadows, IL. This production contract is for over 350 ultra violet (UV) waveband optical filter elements for the AN/AAR-54(V) Missile Warning System and the AN/AAQ-24(V) Nemesis DIRCM Self-Protection Suite. The contract also includes two production options of similar quantities. The dollar value of the contract was not disclosed. The subject ultra-violet filters are specialty optical components made from high purity and high uniformity single-crystals of a proprietary material. This synthetic crystal material was developed by Northrop Grumman and is produced for them under license by INRAD. These filters are a optical component of Northrop Grumman’s airborne electro-optical missile warning sensors. Northrop Grumman’s anti-missile aircraft defensive systems are currently employed on a variety of US and UK military aircraft operating world-wide. The AN/AAR-54(V) is a fourth generation missile approach warning system now in production. It employs four sensors per aircraft, each containing a number of optical components. The AN/AAQ-24(V) Nemesis is a directional infrared countermeasure (DIRCM) suite, the first in production and fielded for many years. It combines missile warning sensors and infrared countermeasures. While these systems were originally developed for military aircraft, Northrop Grumman is adapting the DIRCM system under contract to the US Department of Homeland Security (DHS), participating in that Department’s program to develop and test anti-missile systems designed to protect commercial aircraft. Dan Lehrfeld, President and CEO of Photonic Products Group commented, "Speaking for our entire team, we are proud to continue to be Northrop Grumman’s supply chain partner for this critical component. Systems that protect military and commercial aircraft from the proliferating threat of anti-aircraft missiles are likely to see continued increase in demand throughout the world.”

PHPG also make component kits for ATK and ATK makes the systems for military:

PPGI AWARDED KEY COMPONENT PRODUCTION CONTRACT FOR AN/AAR-47 MISSILE WARNING SENSORS NORTHVALE, NJ, April 8 – Photonic Products Group, Inc. (OTC Bulletin Board: PHPG) announced today that its INRAD business unit has been awarded a follow-on production contract from ATK Missile Systems’ Clearwater, FL facility for over 1900 ultra violet (UV) waveband optical filter elements for their upgraded AN/AAR-47 Missile Warning Systems. ATK Missile Systems, a division of Alliant Techsystems, is the developer and prime contractor for production of this enhanced performance system for protection of low and slow-flying aircraft from a variety of missile sources. The dollar value of the contract was not disclosed. The enhanced performance AN/AAR-47 system detects missile launches, as well as laser-guided and laser-aided threats. It employs four sensors per aircraft, each containing several optical components. While primarily deployed on military aircraft, the AN/AAR-47 system is as well capable of providing protection for commercial aircraft. In low-rate production since 2002, this next production release will provide systems for U.S. Navy, U.S. Air Force, and U.S. allies’ aircraft. The subject ultra-violet filters are specialty optical components made from high purity and high uniformity single-crystals of a proprietary material which absorbs all wavelengths except those in the UV region of the electro-magnetic spectrum. This synthetic crystal material was developed by INRAD expressly for such applications, has the highest temperature stability and mechanical stability of any alternative material, and is patented for this end-use. These filters are a key optical component of airborne electro-optical missile warning systems. INRAD has been the sole provider of these elements for the present generation of system for slow-flying aircraft, and had previously produced many thousands for the prior generation of systems. INRAD as well provides proprietary UV filters for systems that protect high-speed aircraft. Dan Lehrfeld, President and CEO of Photonic Products Group commented, "We are pleased to have been a critical component supplier on ATK’s team since the inception of their system upgrade concept. Our component technology has contributed, at least in part, to making their new AN/AAR-47 system more robust. Missile warning systems remain a high funding priority in the Congress, in the DOD, and increasingly in the Department of Homeland Security. We are proud to be a critical component supplier of choice for this expanding class of defense electro-optical systems.”