Plexus Holdings PLC (POS.LN), an AIM-quoted oil and gas engineering services business, said Monday it has received a Letter of Award from the Cairn Energy PLC Group, (CNE.LN) an oil and gas exploration company (CNE.L), to supply its Pos-Grip wellhead system and mudline suspension system for exploration work due to take place offshore Tunisia.

MAIN FACTS:

-Plexus believes contract will generate revenues of more than GBP200,000 commencing in January, 2010.

-Plexus will supply standard 10,000 psi POS-GRIP technology.

 
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
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