Business
Perma-Pipe International Holdings, Inc., announces $4 million in Contract Awards in the Americas Region
SPRING, Texas--(BUSINESS WIRE)-- Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced it has been awarded three projects in the Americas
About this update from Perma-pipe International Holdings, Inc.
[{"type":"text","content":" SPRING, Texas--(BUSINESS WIRE)--\nPerma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced it has been awarded three projects in the Americas region. The aggregate amount of these three projects is more than 4 million USD.\n\nThese project awards will be executed in Perma-Pipe’s facilities in Canada and the U.S.\n\n\nTwo awards for the provision of anticorrosion coating services for the oil and gas market in western Canada.\n\n\nOne award for the provision of double-containment, pre-insulated piping solutions for a pharmaceutical plant expansion in the northeast U.S.\n\n\nMarc Huber, Sr. Vice President for Perma-Pipe’s Americas region commented, “These awards highlight the strong demand for our pipe coating services and pre-insulated pipe solutions in North America. We look forward to reliably executing these recent awards and continuing to accelerate our growth in North America.”\n\nDavid Mansfield, President and CEO commented, \"We are excited about these significant awards which have strategic importance to Perma-Pipe in the Americas region.”\n\nPerma-Pipe International Holdings, Inc.\n\nPerma-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 fifteen locations in six countries.\n\nForward-Looking Statements\n\nCertain statements and other information contained in this press release that can be identified by the use of forward-looking terminology constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby, including, without limitation, statements regarding the expected future performance and operations of the Company. These statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties include, but are not limited to, the following: (...