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    Perma-Pipe International Holdings Inc (PPIH)

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    Perma-Pipe International Holdings, Inc. (PPIH) is a global company specializing in the engineering, design, manufacture, and sale of specialty piping systems and leak detection systems. These products are used across industries such as oil and gas, district heating and cooling, and chemical transportation. PPIH operates globally with facilities in the United States, Canada, the Middle East, Egypt, and India, serving a diverse industrial and geographic customer base.

    1. Specialty Piping Systems and Coating - Manufactures pre-insulated and jacketed piping systems for district heating and cooling, oil and gas pipelines, and chemical transportation. Includes anti-corrosion coatings applied to steel pipes and fittings.

      • Insulated and Jacketed District Heating and Cooling Systems - Distributes energy efficiently from central plants to multiple locations.
      • Primary and Secondary Containment Piping Systems - Transports chemicals, hazardous fluids, and petroleum products safely.
      • Oil and Gas Pipeline Coating and Insulation - Provides thermal insulation and anti-corrosion solutions for pipelines.
      • Anti-Corrosion Coatings - Applies liquid and powder-based coatings to protect steel pipes and fittings.
    2. Products - Offers cables, leak detection systems, heat trace products, and other materials or goods not bundled with piping systems. Also includes standalone field services.

    NamePositionStart DateShort Bio
    David J. MansfieldDirector, President, and CEONovember 8, 2016David J. Mansfield has served as Director, President, and CEO of PPIH since November 8, 2016. He joined the Board of Directors on January 30, 2017. He has extensive experience in general management, business development, and M&A.
    Matthew E. LewickiVice President and CFOOctober 2, 2023Matthew E. Lewicki was appointed as Vice President and CFO on October 2, 2023. He joined PPIH as Chief Accounting Officer on May 2, 2023. He is a CPA with prior roles at HMT Holdings Corp. and Quanta Services, Inc..
    Saleh SagrSenior Vice President - MENAJune 10, 2021Saleh Sagr joined PPIH on June 10, 2021, as Senior Vice President - MENA. He entered into an employment agreement with the company on the same date.
    Program DetailsProgram 1
    Approval DateOctober 4, 2021
    End Date/DurationOctober 3, 2022
    Total additional amount$3.0 million
    Remaining authorization amount$1.0 million as of December 7, 2022
    DetailsThe program was intended to utilize available funds for repurchasing shares, as the company does not anticipate paying cash dividends and intends to retain funds for business development and working capital needs, including share repurchases.