PERMA-PIPE International Holdings, Inc., (NASDAQ:PPIH) today announces the award of contracts with a combined value of $23.5 million in the United Arab Emirates and Egypt. The contracts are for custom coatings in the oil & gas sector as well as the XTRU-THERM product in the district heating and cooling sector.
Saleh Sagr, Senior Vice President for PERMA-PIPE's MENA region, comments, "I am delighted to announce these project awards. In Egypt, it is further confirmation of the success of our strategy to establish a position in a growing local market. In the UAE, the project award confirms our leading market position and provides us the opportunity to demonstrate our industry-leading products and services to a new customer."
David Mansfield, President, and CEO, states, "We are pleased to continue to maintain our market position in Egypt, and to demonstrate our capabilities in the newly established facilities in Abu Dhabi."