Perma-Pipe International Holdings Secures Over $27 Million in New Project Awards Across the Americas and MENA Regions
Perma-Pipe International Holdings, a global leader in advanced pre-insulated piping and leak detection systems, has announced that it has been awarded multiple high-value projects across the Americas and the Middle East and North Africa (MENA) region. These projects collectively exceed a total value of USD $27 million and will significantly contribute to the company’s backlog and growth trajectory heading into the new fiscal year.
The newly awarded projects encompass a diverse range of industrial and infrastructure applications, reflecting Perma-Pipe’s expanding influence in key markets. These contracts span both traditional oil and gas sectors as well as the rapidly growing data center and industrial construction markets. Perma-Pipe’s advanced insulation and anti-corrosion technologies will be pivotal in the execution of these projects, underscoring the company’s reputation for delivering durable, high-performance piping systems under demanding environmental and operational conditions.
Technological Excellence at the Core
A significant portion of the awarded work will leverage Perma-Pipe’s proprietary XTRU-THERM® insulation system—a technologically advanced solution that features spray-applied polyurethane foam encased in a high-density polyethylene (HDPE) jacket. This system is specifically designed to provide long-term thermal performance and durability, making it ideal for a wide range of applications, including district energy systems, industrial process lines, and critical oil and gas infrastructure.
Additionally, the company’s anti-corrosion coating capabilities will be central to several of the awarded contracts, particularly those in the oil and gas markets of Western Canada and the United Arab Emirates (U.A.E.). These coatings are essential in environments where pipelines are exposed to corrosive elements and require robust protection to extend their service life and ensure operational reliability.
Regional Highlights: North America, the Middle East, and Beyond
In North America, Perma-Pipe has been tapped to provide double-containment and pre-insulated piping systems for a series of new and expanding data center developments and industrial facilities. As data centers continue to multiply across the continent—driven by increasing digital demand and AI infrastructure—Perma-Pipe’s systems are proving to be a preferred solution for mission-critical cooling networks that demand reliability, efficiency, and environmental control.
Meanwhile, in Saudi Arabia, the company is set to deliver similar solutions for industrial expansion projects. The Kingdom’s Vision 2030 initiative, which promotes diversified economic growth beyond oil, has catalyzed a wave of infrastructure investment—especially in manufacturing, data infrastructure, and utilities. Perma-Pipe’s technologies are well-aligned with these initiatives, providing sustainable and efficient thermal distribution solutions for a variety of end users.
In the U.A.E., contracts center around the delivery of anti-corrosion coating services to support new pipelines in the region’s vital oil and gas sector. The Gulf Cooperation Council (GCC) countries continue to invest heavily in pipeline infrastructure to meet both domestic needs and global export demand, providing a sustained pipeline of opportunity for suppliers like Perma-Pipe.
Executive Leadership Comments on Growth and Strategic Outlook
Reflecting on the string of new project wins, Marc Huber, Senior Vice President of Perma-Pipe’s Americas region, commented:
These major project awards reflect the increasing demand for Perma-Pipe’s solutions. This demand is being fueled by market growth in data centers, rising investments in pharmaceuticals and industrial sectors, and the expansion of midstream energy projects. Our technology and reliability are increasingly becoming essential for developers and infrastructure planners across a variety of industries.”
Saleh Sagr, President of Perma-Pipe International Holdings, emphasized the strategic importance of diversification in driving sustainable growth:
The consistent influx of new awards and our expanding backlog clearly demonstrate the trust our clients have in our products and services. Our strategic product diversification and geographical expansion have been vital in driving this growth, opening new markets, and ensuring our continued success. We are proud to be supporting global infrastructure development with solutions that are both innovative and reliable.”
Chief Executive Officer David Mansfield echoed this optimism and pointed to the broader implications for the company’s trajectory:
We are excited about these new awards, as they mark key milestones for the Company and further complement an already strong backlog position for the coming year. These projects not only showcase the strength of our solutions but also play a strategic role in advancing our position within the market. We are confident that these awards will propel our continued growth and success and further solidify our reputation as a trusted leader in the industry.”
About Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global solutions provider for engineered piping systems and leak detection technologies used across multiple industries. The company specializes in pre-insulated piping systems and corrosion protection solutions that serve mission-critical infrastructure in oil and gas, district heating and cooling, chemical processing, data centers, and various industrial markets.
Headquartered in Niles, Illinois, Perma-Pipe operates 14 manufacturing facilities across six countries, giving it both global reach and local delivery capabilities. The company combines its deep engineering knowledge with manufacturing excellence to meet complex project requirements, ensuring the safety, reliability, and sustainability of pipeline infrastructure around the world.
This press release contains “forward-looking statements” as defined by Sections 27A and 21E of the Securities Act and the Exchange Act, respectively. These statements reflect management’s expectations and projections regarding the company’s future operations, performance, financial condition, and business strategy. Forward-looking statements may include, but are not limited to, phrases such as “expects,” “anticipates,” “believes,” “will,” “intends,” and similar expressions.
Such statements are inherently subject to a variety of risks, uncertainties, and assumptions that could cause actual outcomes to differ materially from those expressed or implied. Key risk factors include, but are not limited to:
- Fluctuations in global energy prices and their impact on customer budgets and capital investments
- The ongoing effects of geopolitical developments and economic volatility on supply chains and regional operations
- The company’s ability to execute and deliver on contracts within projected timelines and budget constraints
- Competitive pressures, including aggressive pricing and market entry by new players
- The ability to secure raw materials and maintain quality supplier relationships amid global supply chain constraints
- Financial and operational impacts of currency fluctuations and credit facility covenants
- Regulatory changes, particularly in relation to environmental policies and tax codes in operating regions
Perma-Pipe undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. For a full list of risk factors and further details on the company’s financial performance, stakeholders are encouraged to consult filings with the U.S. Securities and Exchange Commission (SEC), available at www.sec.gov and under the Investor Center section of the company’s website at http://investors.permapipe.com
