Retirement of Director (4543B)
February 18 2011 - 1:00AM
UK Regulatory
TIDMPOS
RNS Number : 4543B
Plexus Holdings Plc
18 February 2011
Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil
equipment & services
18 February 2011
Plexus Holdings PLC ('Plexus' or 'the Company')
Retirement of Director
Plexus Holdings PLC, the AIM quoted oil and gas engineering
services business and owner of the proprietary POS-GRIP(R) method
of wellhead engineering, announces that Augusto L. Carmona da Mota
MSc Eng, aged 71, a Non-Executive Director is retiring from the
board of Plexus ('the Board') with effect from 28 February
2011.
Plexus CEO Ben van Bilderbeek said, "The Board would like to
express their deep gratitude to Augusto for his contribution to
Plexus' success in becoming a leading specialist wellhead
engineering company. I have known Augusto in a professional and
personal capacity for many years, and wish to acknowledge that
Augusto's extensive experience in the oil and gas industry over the
past 40 years, and specifically in oil well engineering,
contributed significantly to the development and establishment of
the engineering principles employed in our POS-GRIP friction grip
technology for wellhead equipment. Augusto's involvement with
Plexus has, particularly in the early stages of our company
development, provided invaluable guidance to our engineering team
which has helped bring POS-GRIP that much nearer to becoming a new
wellhead standard. Augusto's vision and engineering expertise has
been inspiring to us all, and we wish him the very best in his well
deserved retirement."
* * ENDS * *
For further information please visit www.posgrip.com or
contact:
Ben van Bilderbeek Plexus Holdings PLC Tel: 020 7795 6890
Graham Stevens Plexus Holdings PLC Tel: 020 7795 6890
Jon Fitzpatrick Cenkos Securities PLC Tel: 020 7397 8900
Ken Fleming Cenkos Securities PLC Tel: 0131 220 6939
Felicity Edwards 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 150 oil and gas wells by international companies
including Apache Energy Australia, BHP Billiton, BG International,
Bowleven plc, BP, Brunei Shell Petroleum, Cairn Energy, Centrica,
ConocoPhillips, Dubai Petroleum, GDF SUEZ, Global Santa Fe, Maersk,
Petro-Canada Trinidad & Tobago, Red Sea Petroleum Operating
Company, Repsol, RWE, Senergy Limited, 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
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