Northern Technologies shares jump 10.23% intraday after Zerust Brazil secures $13M offshore oil & gas corrosion protection contract in Brazil.

Northern Technologies International (NASDAQ: NTIC) surged 10.23% intraday following the announcement that its subsidiary, Zerust Brazil, secured a three-year, $13 million contract to provide corrosion protection solutions for offshore oil and gas FPSO units in Brazil. The deal, with a leading global EPC firm, includes $7.4 million in materials and $5.6 million in engineering services, to be recognized over fiscal 2026 through 2028. The company emphasized the contract’s significance in scaling its ZERUST® oil and gas business and solidifying its position in Brazil’s fast-growing deepwater market. The news directly aligns with the stock’s upward movement, reflecting strong demand for NTIC’s specialized corrosion solutions and positive sentiment toward its offshore expansion.