Business Wire
Summary
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced it has been awarded a contract for a district heating and cooling network for a healthcare infrastructure project in Eastern Canada valued at over $4.5 million.
The project will utilize Perma-Pipe’s premier engineered Multi-Therm® high temperature pre-insulated pipe system. The Multi-Therm® system consists of a galvanized and insulated steel carrier pipe enclosed by an outer insulated steel pipe protected by a fiberglass reinforced outer jacket. The project will begin execution in Perma-Pipe’s facility in Lebanon, Tennessee in Q2 2021.
Brad Schultz, General Manager for Perma-Pipe United States commented, “Perma-Pipe looks forward to participating in such a strategic redevelopment of the healthcare infrastructure in Eastern Canada. The Multi-Therm® pre-insulated pipe system has been supplied to many customers and projects throughout the United States and Canada and this project demonstrates our leadership position in this market.”
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