1. COMPANY SNIPPETS.............. 1

2. MAJOR PRODUCTS AND SERVICES..............2

3. SALES DATA.............. 3 Table 1: MFRI, Inc.'s Sales by Business Segment Worldwide (2013-2014) in Percentage for Piping Systems, and Filtration Products.............. 3

Table 2: MFRI, Inc.'s Sales by Geographic Region Worldwide (2013-2014) in Percentage for United States, Middle East, Europe, Canada, Other Americas, and Others 4

Table 3: MFRI, Inc.'s Sales by Sales by Product Segment Worldwide (2013-2014) in Percentage for Piping Systems and Filtration Products.............. 5

Table 4: MFRI, Inc.'s Sales by Geographic Region Worldwide (2013-2014) in US$ Thousands for United States, Middle East, Europe, Canada, India, Other Americas and Others 6

4. MARKET OVERVIEW.............. 7 Plastic Piping Systems.............. 7 Table 5: Plastic Pipe Market by Type in India (2014) - Percentage Share Breakdown by Value Sales for Consumer Products, Industrial Products, Packaging Film, Plastic Piping, Protective Packaging, and XF Films 7

Table 6: Plastic Pipe Market by Segment in the UK (2014) - Percentage Share Breakdown by Value Sales for Above-Ground Drainage Systems, Below-Ground Piping Systems, and Plumbing & Heating Supply.............. 8

Table 7: Plastic Piping Market by End Use Segment in the UK (2014) - Percentage Share Breakdown by Value Sales for Building & Installation, Civils & Infrastructure, and Direct Supply Utilities.............. 9 Table 8: Plastic Piping System Market in the UK (2014) in £ Thousands.............. 10 Below Ground Piping Systems..............11 Table 9: Below-Ground Piping Systems Market by Material in the UK (2014) - Percentage Share Breakdown by Value Sales for Concrete, Plastic, and Others..............11 Filtration Market.............. 12 Table 10: Filtration Market by Application Worldwide (2014) - Percentage Share Breakdown by Value for Aerospace & Defense, Automotive, Electronics, Food and Beverage, Gas Turbine, HD Engine Mobile, HVAC, Ind. Hydraulic Liquids, Industrial Air (Dust, CA), Medical and Pharmaceutical, Special Apps, Water Filtration, and Others..............12 Pipelines.............. 13 Table 11: Pipelines Planned and Under Construction Market by Region Worldwide (2015) - Percentage Share Breakdown by Volume for Asia-Pacific, Eastern Europe, North America, and Others.............. 13

Table 12: Oil Pipeline Market by Type in North America (2014) - Percentage Share Breakdown by Value Sales for Light Crude Oil, Medium and Heavy Crude Oil, and Others 14

Table 13: Pipeline Market by Product in the US (2015) Percentage Share Breakdown by Volume for Carbon dioxide, Crude Oil, Highly Volatile Liquid Flammable/Toxic, and Refined Products.............. 15

Table 14: Pipeline Market by Segment in the US (2015) - Percentage Breakdown by Value for Distribution - Main, Distribution - Service, and Others 16

5. COMPETITIVE LANDSCAPE.............. 17 Plastic Piping Systems.............. 17 Table 15: Market Shares of Leading Plastic Piping System Manufacturers by Value Sales in the UK (2014) - Percentage Breakdown for Aliaxis Group, Floplast, John Guest Group, Kalsi Group, McAlpine Plumbing Products, Polypipe Group Plc, Wavin N.V., and Others..............17 Pipelines.............. 18 Table 16: Market Shares of Leading Gas Transporters through Pipelines in Mexico (2015) - Percentage Breakdown by Value for Fermaca Global LP, Ienova, Petroleos Mexicanos, TransCanada Corporation, and Others 18

Table 17: Market Shares of Leading Oil Pipeline Companies by Value Sales in North America (2014) - Percentage Breakdown for BP Plc, Enbridge, Inc., Plains All American Pipeline, LP, Royal Dutch/Shell Group, TransCanada Corporation, and Others 19

Table 18: Market Shares of Leading Oil and Gas Pipeline Construction Service Providers in the US (2015) - Percentage Breakdown by Value for Bechtel Group, Inc., Fluor Corporation, Jacobs Engineering Group, Inc., and Others 20 Filter Modules.............. 21 Table 19: Market Shares of Leading Filter/ Filter Module Producers Worldwide (2015) - Percentage Share Breakdown by Value for Avago Technologies, Murata Manufacturing Co., Ltd., Qorvo, Inc., Taiyo Yuden Co., Ltd., TDK-EPC Corporation, and Others.............. 21 Filtration Market.............. 22 Table 20: Market Shares of Leading Filtration Suppliers by Value Sales Worldwide (2015) - Percentage Breakdown for Pentair Ltd., and Others..............22

Table 21: Market Shares of Leading Aftermarket Filtration Companies by Value Sales in North America (2014) - Percentage Breakdown for Affinia Group, Inc., Clarcor, Inc., Cummins, Inc., Donaldson Company, Inc., and Others 23

6. RECENT INDUSTRY DEVELOPMENTS..............24