Perma-Pipe International Holdings Inc
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Industrials : Machinery | Small Cap ValueCompany profile

Perma-Pipe International Holdings, Inc., formerly MFRI, Inc., is engaged in the manufacture and sale of piping systems. The Company is engaged in offering pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It operates through Piping Systems segment. The Company develops piping solutions for the transportation of a range of liquids. The Company has operations at seven locations in five countries. The Piping Systems segment engineers, designs, manufactures and sells specialty piping and leak detection and location systems. The Company's specialty piping systems include industrial and secondary containment piping systems for transporting chemicals, hazardous fluids and petroleum products; insulated and jacketed district heating and cooling piping systems for energy distribution to multiple locations from central energy plants, and oil and gas gathering flow and long lines for oil and mineral transportation.

Closing Price
$9.03
Day's Change
0.00 (0.00%)
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B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
0
10-day average volume:
12,063
0

SPO of Islamabad Chooses Rainmaker Technology to Provide Safe Drinking Water for Multiple Sites in Pakistan

7:00 am ET December 18, 2017 (Globe Newswire) Print

Rainmaker Worldwide Inc. (OTC:RAKR) announces that it has partnered with Strengthening Participatory Organization (SPO) a national not-for-profit organization headquartered in Islamabad, Pakistan to bring safe drinking water to thirsty and marginalized communities in the neediest areas of the country.

To pilot the technology, SPO has identified areas in Sind namely Tharparkar, Sujawal, Thatta, Badin, Malir, Jamshoro, Tando Muhammaad Khan, and the area of Abbottabad namely Dubran, Kholrian, Bandi Phulan and Bhattian. A new potential site in Gawadar, Balochistan, will also be included for discussions with Rainmaker.

Per the terms of this agreement, SPO will facilitate the identification of National and International organizations to participate in this program.

Based on current projections, the first implementations and fresh water delivery would take place Q3, 2018.

After field studies by Rainmaker and SPO, both Water-to-Water and Air-to-Water units were selected for implementation. Each Water-to-Water machine will provide up to 150,000 liters of drinking water per day, while each Air-to-Water machine will deliver up to 20,000 liters per day. All will be powered by a combination of wind and solar to provide the most energy-efficient and cost-effective solutions for delivering affordable water.

Dire water crisis projections demand action today

Recently, the Pakistan Council of Research in Water Resources (PCRWR) delivered a grave warning: if the government does not take action, the country will face severe water stress by 2025. Severe water scarcity is already having a negative impact on the country's public health and the economy.

Media reports indicate that in many cases, traditional tube wells are failing, leaving some communities vulnerable without local sources of clean water.

Sustainable solutions for long-term water problems

Saleem Malik, CEO of Strengthening Participatory Organization said, "SPO has been working with communities in over 75 districts in all four provinces to promote access to basic services and facilities. We are helping solve the crisis in water shortages and reduce the high costs when drinking water does become available. After thorough evaluation, we are confident that Rainmaker technology will provide much-needed, consistent supplies of safe drinking water to these communities. We are also pleased that Rainmaker uses clean energy sources to deliver affordable water."

Michael O'Connor, CEO of Rainmaker Worldwide said, "We thank SPO for choosing Rainmaker technology and we will work closely with the entire SPO team to solve Pakistan's pressing water needs. We look forward to a long-term relationship with SPO and collaborating on many future projects."

About Rainmaker Worldwide Inc.

Rainmaker Worldwide Inc. (OTC:RAKR) is headquartered in Peterborough, Canada, with an innovation and manufacturing center in Rotterdam, Netherlands. Our patented water technology provides economical drinking water at scale wherever it's needed. Rainmaker builds two types of energy-efficient, fresh water-producing technologies:

1. Air-to-Water, which harvests fresh water from the air

2. Water-to-Water, which transforms seawater or polluted water into drinking water

The technology is both wind and solar powered, is deployable anywhere, and leaves no carbon traces. We also offer options for hybrid, grid and diesel-powered models.

Air-to-Water units are available in three standard sizes, producing 5,000, 10,000 or 20,000 liters of drinking water per day. Water-to-Water units are also available in three standard sizes producing 37,500, 75,000 or 150,000 liters per day. This makes each unit suitable for communities of 200 to 30,000 people, depending on number of units deployed. Our goal is to become a global leader in solving the worldwide water crisis. Simply put, we're creating safe, drinking water where little or none exists.

Interested parties can access additional information about Rainmaker on the Company's website located at http://www.rainmakerww.com.

About Strengthening Participatory Organization (SPO)

Since its transformation from a bilateral development project of the governments of Pakistan and Canada to a national not-for-profit organization in 1994, Strengthening Participatory Organization (SPO) has grown into a leading Pakistani rights-based civil society organization. SPO's mission is to strengthen and support community organizations and public interest institutions for achieving and protecting basic human rights, with a particular focus on women, girls, youth, children and minorities.

SPO operates through nine permanent offices throughout Pakistan.

Learn more about SPO, its mission and projects at http://www.spopk.org/spo/

Forward-looking Statements

Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Rainmaker's business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Rainmaker's undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements.

For more information please contact:

Rainmaker Worldwide Inc.

Michael O'Connor

info@rainmakerww.com

+1-877-334-3820

Strengthening Participatory Organization (SPO)

Saleem Malik

info@spopk.org

051-2301221-22

https://resource.globenewswire.com/Resource/Download/ccdf128a-d0a4-4267-b3d5-4ec5ff984512?size=1

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