PERMA-PIPE SECURES US$43 MLN CONTRACT FOR DEVELOPMENT PROJECT IN GCC REGION

KUALA LUMPUR, Jan 13 (Bernama) -- Perma-Pipe International Holdings Inc (Perma-Pipe), announced it has received a formal letter of award with value exceeding US$43 million for a development project located in the Gulf Cooperation Council (GCC) region. (US$1=RM4.51)

In a statement, the company said it will provide thermal insulation, anti-corrosion coatings, and other services from its Abu Dhabi facility, with work on the project is slated to begin in the third quarter of this year.

“This award provides evidence that our technologies are well-positioned to meet the complex requirements in virtually all geographies as we continue our focus on highly active oil and gas markets worldwide.

“This project continues an increase in large-scale project activity we are seeing globally and, when coupled with other recently announced project awards, further strengthens our record backlog position heading into 2025,” said its President and Chief Executive Officer, David Mansfield.

Meanwhile, Perma-Pipe MENA region Senior Vice President, Saleh Sagr said this award follows the successful execution of numerous development projects in the region.

“Our differentiated coating solutions have proven to be well-suited for technically challenging projects. We would like to thank our customers for this significant award,” added Sagr.

This project will utilise Perma-Pipe’s anti-corrosion coatings capabilities, fabrication, and the TRACE-THERM insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing.

A global leader in pre-insulated piping and leak detection systems for oil and gas, district heating and cooling, Perma-Pipe has operations at 15 locations in six countries. 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.

-- BERNAMA

SYNCHRONOSS TECHNOLOGIES TO PRESENT AT INVESTOR CONFERENCES THIS MONTH

KUALA LUMPUR, Jan 8 (Bernama) -- Synchronoss Technologies Inc (Synchronoss) has announced its President and Chief Executive Officer, Jeff Miller, alongside Chief Financial Officer, Louis Ferraro, will be speaking at two upcoming investor conferences.

According to a statement, the first presentation will take place at the ICR Conference on Jan 13, and the webcast link will be available on the Synchronoss Investor Relations website.

The second event is the Needham Growth Conference, scheduled for Jan 16, where investors can register for one-on-one meetings with the company's management by contacting a Needham sales representative.

A global leader in personal Cloud solutions, Synchronoss empowers service providers to establish secure and meaningful connections with their subscribers.

Its software as a service (SaaS) Cloud platform streamlines onboarding processes and promotes subscriber engagement, leading to increased revenue, cost savings, and quicker market deployment.

-- BERNAMA

ANTOM, AIRASIA MOVE JOIN FORCES FOR SEAMLESS PAYMENT SOLUTIONS

KUALA LUMPUR, Jan 8 (Bernama) -- Singapore-headquartered Ant International announced its payment and digitisation services provider, Antom, with AirAsia MOVE, has signed a partnership agreement to transform travel, including seamless payment experiences on the app.

Under the agreement, AirAsia MOVE will work closely with Antom and 2C2P, a full-suite global payments platform and a subsidiary of Antom.

According to a statement, this collaboration is set to integrate Antom and 2C2P’s advanced payment solutions, including payment orchestration and acquiring for both cards and local payment methods (LPMs), into AirAsia MOVE’s platform.

These cutting-edge technologies will empower AirAsia MOVE to streamline payment methods, reduce cross-border transaction costs and operational expenses, and broaden its consumer base while providing customers with a wider range of preferred payment options.

“Our advanced solutions, including payment orchestration and acquiring for both cards and LPMs, enable AirAsia MOVE to expand its reach to more consumers across the Asia-Pacific region and beyond.

“By combining our expertise and AI-driven payment technologies, we are committed to improving operational efficiency, enhancing customer satisfaction, and unlocking long-term value together,” said General Manager of Antom, Ant International, Gary Liu.

Meanwhile, AirAsia MOVE Chief Executive Officer, Nadia Omer said: “By integrating Antom and 2C2P’s advanced solutions, we are enhancing efficiency, improving customer satisfaction, and delivering significant cost savings.”

This partnership agreement between AirAsia MOVE, Antom, and 2C2P is part of a strategic partnership announced last March between Capital A and Ant International that covers various areas.

This includes exploring ways to integrate more payment methods and providing acquiring services to Capital A’s platforms, working on digital marketing and sponsorship opportunities to drive business growth, and cooperating in enhancing access to sustainable finance while transitioning to a low-carbon economy for the micro, small and medium enterprise community.

-- BERNAMA