TIDMPOS 
 
RNS Number : 1804E 
Plexus Holdings Plc 
16 December 2009 
 

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services 
16 December 2009 
Plexus Holdings PLC ('Plexus' or 'the Company') 
Contract win with Wintershall Noordzee B.V. 
 
 
Plexus Holdings plc, the AIM quoted oil and gas engineering services business 
and owner of the proprietary POS-GRIP  method of wellhead engineering, has been 
awarded a new two year contract with a one year extension option with 
Wintershall Noordzee B.V. ('Wintershall') to supply its proprietary POS-GRIP 
wellhead technology and mudline suspension systems with revenues expected to 
commence January 2010. 
 
 
Wintershall, which had previously selected Plexus' systems for its activities in 
the North Sea, will drill using Plexus' standard proprietary 10,000 psi POS-GRIP 
technology for exploration activities in the Dutch North Sea. This agreement is 
testament to the economic and technical benefits of the Company's POS-GRIP 
technology as the contract was won after re-tendering in a sealed bid process 
against strong competition from established international wellhead companies. 
 
 
Plexus CEO Ben van Bilderbeek said, "Wintershall is a valued customer of Plexus, 
and our relationship dates back to 2001 when it became our first non UK 
customer. Since that time, Plexus has built a strong presence in the North Sea 
oil and gas markets, with an increasing number of leading international oil and 
gas companies using our systems. We are delighted that Wintershall continues to 
appreciate the technical, performance and cost saving benefits of our POS-GRIP 
technology and look forward to continuing to work with its team over the coming 
years." 
 
 
* * ENDS * * 
 
 
For further information please visit www.posgrip.com or contact: 
+-------------------+-----------------------------+------------------------+ 
| Ben van           | Plexus Holdings PLC         | Tel: 020 7589 8555     | 
| Bilderbeek        |                             |                        | 
+-------------------+-----------------------------+------------------------+ 
| Graham Stevens    | Plexus Holdings PLC         | Tel: 020 7795 6890     | 
+-------------------+-----------------------------+------------------------+ 
| Alex Dewar        | Brewin Dolphin              | Tel: 0845 213 2076     | 
+-------------------+-----------------------------+------------------------+ 
| Felicity Edwards  | St Brides Media & Finance   | Tel: 020 7236 1177     | 
|                   | Ltd                         |                        | 
+-------------------+-----------------------------+------------------------+ 
| Isabel Crossley   | St Brides Media & Finance   | Tel: 020 7236 1177     | 
|                   | Ltd                         |                        | 
+-------------------+-----------------------------+------------------------+ 
 
 
Notes to Editors: 
 
 
Plexus, which began trading on AIM in December 2005, is an established oil and 
gas engineering and services business which supplies wellhead and mudline 
suspension equipment for exploration and production applications based in 
Aberdeen, with an office in London, Cairo, Kuala Lumpur and a presence in 
Houston, Texas. It has developed and patented a method of engineering for oil 
and gas field wellheads and connectors, POS-GRIP, which involves deforming one 
tubular member against another to effect gripping and sealing. 
 
 
POS-GRIP wellhead systems have to date been used or selected to be used in over 
140 oil and gas wells by international companies including BHP Billiton, BG 
International, BP, Brunei Shell Petroleum, Centrica, ConocoPhillips, Dubai 
Petroleum, GDF SUEZ, Global Santa Fe, Maersk, Petro-Canada Trinidad & Tobago, 
Red Sea Petroleum Operating Company, Repsol, RWE, Shell Egypt, StatoilHydro, 
Silverstone Energy, Talisman Energy, Tullow Oil, and Wintershall. 
 
 
The Company plans to accelerate the roll out of POS-GRIP technology as a 
superior alternative to current wellhead technology.  It has particular 
advantages in HP/HT (High Pressure/High Temperature) and X-HP-HT (Extreme High 
Pressure/High Temperature) oil and gas environments for which there is 
increasing demand throughout the world. The Company's long-term goal is to 
develop POS-GRIP technology as the future industry standard for wellhead design. 
This objective includes the distribution of POS-GRIP technology through 
licensees to maximise market penetration. 
 
 
 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCEAXASFSSNFFE
Plexus (LSE:POS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Plexus Charts.
Plexus (LSE:POS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Plexus Charts.