DIRTT receives $3.5-million contract from Google

Executive Summary

• DIRTT Environmental Solutions Ltd. reported significant new contract awards and a strengthened forward pipeline, highlighting continued commercial momentum across multiple sectors.
• The company secured a $3.5-million contract with Google for its Caribbean campus in Sunnyvale, Calif., and a $16-million contract with Allina Health for a new patient tower in Minneapolis, Minn.
• The 12-month forward pipeline as of September 1, 2025, totals $329-million, representing a 5.7% increase compared to the pipeline reported on July 1, 2025.

Key Details

• Google Contract:
  • Value: $3.5 million.
  • Location: Google’s Caribbean campus in Sunnyvale, Calif.
  • Scope: One-million-square-foot development spanning two buildings.
  • Product: Features DIRTT's latest commercial office innovation, a self-contained pod solution.
  • Context: Part of a 10-year relationship with Google resulting in more than 250 projects, including the recent New York headquarters.
• Allina Health Contract:
  • Value: $16 million in DIRTT scope.
  • Location: Minneapolis, Minn.
  • Scope: Seven floors of a new patient tower (flagship project).
  • Context: Expands a long-standing relationship; DIRTT has completed more than 25 projects with Allina across clinics and surgery centres.
• Pipeline Growth:
  • Total 12-month forward pipeline as of Sept. 1, 2025: $329 million.
  • Growth: Increase of 5.7% compared with the pipeline reported on July 1, 2025 (during Q2 2025 earnings).
• Market Context (CEO Quote):
  • CEO Benjamin Urban cited the Dodge Momentum Index jumping 7.5% in August.
  • Commercial planning is up nearly 9%.
  • Institutional activity, including health care, is up more than 5%.

Notable Quotes

• "We're seeing clear signals of market expansion... These trends validate the scale of opportunity in our core sectors and reinforce our confidence in DIRTT's growth trajectory." — Benjamin Urban, Chief Executive Officer