Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) announced today that it has been awarded three significant projects in the Americas, with a combined value exceeding $4 million USD. These projects will be executed at Perma-Pipe’s facilities in Canada and the U.S.
The company received two contracts to provide anticorrosion coating services for the oil and gas sector in western Canada, and a third contract to supply double-containment, pre-insulated piping solutions for a pharmaceutical plant expansion in the northeastern United States.
Marc Huber, Senior Vice President for Perma-Pipe’s Americas region, remarked, “These awards underscore the strong demand for our pipe coating services and pre-insulated pipe solutions across North America. We are eager to execute these projects and continue driving our growth in the region.”
David Mansfield, President and CEO of Perma-Pipe, added, “We are excited about these strategically important awards, which further solidify our position in the Americas.”
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH), a global leader in pre-insulated piping and leak detection systems, serves industries such as oil and gas, district heating and cooling, and more. With operations at 15 locations in six countries, the company leverages its engineering and fabrication expertise to provide piping solutions that ensure the safe and efficient transport of liquids across a range of industries.
Certain statements in this press release may be considered “forward-looking statements” as defined under federal securities laws. These statements reflect the company’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those anticipated. Key risks include factors such as the impact of the COVID-19 pandemic, fluctuations in oil and gas prices, economic volatility, supply chain disruptions, and competitive pressures. Investors are urged to carefully consider these risks and other factors that may impact the company’s operations and financial performance.
For more detailed information, visit the SEC’s website at www.sec.gov or the Investor Center section of Perma-Pipe’s website here.
