Perma-Pipe International Holdings, Inc. (the "Company") has announced a strategic expansion initiative aimed at accelerating growth through the establishment of a new facility in the U.S. Northeast. This facility is set to become operational in the second quarter of 2026 and will primarily focus on serving the rapidly growing artificial intelligence (AI)-driven data center market. The Company is positioning itself to capitalize on the increasing demand for advanced data processing capabilities, both domestically and internationally. Saleh Sagr, President and CEO, expressed excitement about this expansion, emphasizing the commitment to organic growth and reinforcing Perma-Pipe's leadership in critical infrastructure solutions. The initiative reflects the Company's long-term strategy to support next-generation technology infrastructure and strengthen its position in the global energy, industrial, and infrastructure markets. Additionally, Perma-Pipe provided an update on its operations in the Middle East, reaffirming its strong operational position in the region despite ongoing conflicts. The Company has implemented comprehensive business continuity plans to ensure uninterrupted service and maintain operational stability. Furthermore, the Board of Directors has concluded its review of strategic alternatives, determining that continuing to execute the Company's strategic plan as an independent public company is the best way to maximize shareholder value at this time. This announcement is expected to have a noticeable positive effect on the stock price as it aligns with the growing demand for AI infrastructure solutions.

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