Perma-Pipe announces new Northeast facility for AI data centers, ends strategic review

Perma-Pipe International Holdings, Inc.

New facility in Northeast U.S. to serve AI data centers and district heating/cooling, operational Q2 2026.
Board concluded strategic alternatives review; determined remaining independent best maximizes shareholder value.
MENA operations not impacted by regional conflicts; business continuity plans in place.
Seeking new global banking agreement to enhance liquidity and support growth investments.
No financial guidance or specific investment amount provided.

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