HOUSTON, TX--(Marketwire - Jun 5, 2012) - U.S. Concrete, Inc. (NASDAQ: USCR) announced today that it has signed license agreements with major ready mix concrete producers to manufacture its proprietary technology, Aridus® Rapid Drying Concrete. Aridus® is the first ready mix concrete solution for preventing floor covering failures that result from excess moister vapor in concrete slabs, an industry-wide problem that costs millions of dollars annually in damage, downtime, repair and replacement.
The licensees include Stoneway Concrete, Inc., Prairie Materials, Cemstone, Irving Materials, Inc., Bayou Concrete, and MMC Materials, Inc. Under the terms of the agreement, the licensed ready mix concrete producers are granted the right to utilize Aridus® mix designs and access to all support materials to manufacture Aridus® at the their licensed facilities. The agreement also includes the exclusive right to market and sell Aridus® in selective locations.
"The expansion of our Aridus® supplier base through this distinctive group of companies is a great milestone for us to leverage our innovative product solutions, research and development, and quality principles," said William Sandbrook, President and Chief Executive Officer of U.S. Concrete, Inc. "We consider this collaboration an advantage for U.S. Concrete to gain access to an extensive national supplier network for Aridus®, an expansion of existing business capabilities for our partner companies, as well as an opportunity to continue to bring the latest innovations to the construction industry."
ABOUT U.S. CONCRETE
U.S. Concrete services the construction industry in several major markets in the United States through its two business segments: ready mixed concrete and concrete-related products; and precast concrete. The company has 94 fixed and 11 portable ready mixed concrete plants, seven precast concrete plants and seven producing aggregates facilities. During 2011, these plant facilities produced approximately 4.0 million cubic yards of ready mixed concrete from continuing operations and 3.0 million tons of aggregates. For more information on U.S. Concrete, visit http://www.us-concrete.com.