Perma-Pipe International Holdings, Inc., announces new project awards in the Americas and MENA region

10.04.2025 - 07:00:35

Business Wire India

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced it has been awarded several projects in the Americas and MENA region with an aggregate value in excess of USD $27 million.

These projects will utilize Perma-Pipe’s anti-corrosion coating capabilities, and the XTRU-THERM® insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing.

Multiple awards for the provision of anticorrosion coating services for the oil and gas markets in Western Canada and the U.A.E.
Multiple awards for the provision of double-containment and pre-insulated piping solutions for data center and industrial expansion projects in the U.S. and Saudi Arabia

Marc Huber, Senior Vice President of Perma-Pipe’s Americas region, stated, “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.”

Saleh Sagr, President, stated, “The consistent influx of new awards and expanding backlog clearly demonstrates 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.”

David Mansfield, CEO, commented, “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.”

Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH, “Perma-Pipe”, or the “Company”) is a global leader in pre-insulated piping and leak detection systems for oil and gas, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at fourteen locations in six countries.

Forward-Looking Statements

and under the Investor Center section of our website (http://investors.permapipe.com).