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Perma-Pipe International Holdings Appoints Scott James Senior Vice President - Americas

July 31, 2018

NILES, Ill.--(BUSINESS WIRE)--Jul 31, 2018--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced the appointment of Mr. Scott James to Senior Vice President - Americas, with full operating and financial responsibility for Perma-Pipe’s business in the Americas region including pursuing expansion of new markets for the continued growth of the Perma-Pipe brand. Scott replaces long-term industry veteran John Carusiello who is retiring in August.

President and CEO David Mansfield commented, “I am pleased that Scott has agreed to join Perma-Pipe to lead the Americas region. The extent of Scott’s background and experience in the piping industry will advance the transition into this critical role and bring a sense of familiarity to our customers and suppliers. Scott has a successful track record of providing leadership in operations, business development, sales, mergers and acquisitions, and product management. I am convinced Scott’s industry experience coupled with his successes in business will complement our current strategies and have an immediate and positive impact on Perma-Pipe.”

Scott has extensive experience working globally including in North and South America, Europe, Asia and Australia. His scope of experience covers a variety of industry sectors including Oil and Gas, Automotive, Aerospace and Utilities. Scott joins Perma-Pipe from the Houston office of Corrpro, an Aegion company, which provides pipeline integrity and cathodic protection services. Prior to that, Scott served at RAE Energy as well as Stanley Oil & Gas, focusing on non-destructive testing, field joint coating and welding services for the pipeline industry. He also held a variety of leadership roles for Shawcor, which specializes in the application of anti-corrosion coatings, thermal insulation coatings, field joint coatings, and welding/fabrication activities for steel pipe intended for oil & gas pipeline construction.

Mr. James commented, “I am excited to join Perma-Pipe and lead the Americas region. Perma-Pipe has a strong reputation in oil and gas, civil construction, and leak detection systems which provide a solid base business for geographical and product or service expansion in the region. I look forward to working with the great team of employees throughout the company as well as customers, suppliers, and other stakeholders to deliver world class customer service and solid returns to shareholders.”

Mr. Mansfield concluded, “I would like to extend my sincere thanks to John for the significant contributions he has made to the company during his tenure and to wish him the very best in his retirement. The Perma-Pipe organization is driven to provide industry-leading products and services in meeting the demands of our customers, shareholders and employees. Our organizational development continues with this focus in mind. In pursuing the goals of Perma-Pipe through our values, people and strategies, we will continue to seek growth and improved financial performance.”

Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at seven locations in five countries.

Forward-Looking Statements

Statements and other information contained in this announcement that can be identified by the use of forward-looking terminology constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby, including, without limitation, statements regarding the expected future performance and operations of the Company. These statements should be considered as subject to the many risks and uncertainties that exist in the Company’s operations and business environment. Such risks and uncertainties include, but are not limited to, the project nature of the business, the increasing international nature of the business, economic conditions, market demand and pricing, competitive and cost factors, raw material availability and prices, global interest rates, currency exchange rates, labor relations and other risk factors.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180731005074/en/

CONTACT: Perma-Pipe International Holdings, Inc.

David Mansfield, President and CEO

(847) 966-1000

or

Perma-Pipe Investor Relations

(847) 929-1200

investor@permapipe.com

KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS

INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING ENGINEERING OTHER MANUFACTURING

SOURCE: Perma-Pipe International Holdings, Inc.

Copyright Business Wire 2018.

PUB: 07/31/2018 01:00 PM/DISC: 07/31/2018 01:01 PM

http://www.businesswire.com/news/home/20180731005074/en

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