TIDMPOS 
 
RNS Number : 4093I 
Plexus Holdings Plc 
11 March 2010 
 

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services 
11 March 2010 
                Plexus Holdings PLC ('Plexus' or 'the Company') 
                              Expansion into Angola 
 
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business 
and owner of the proprietary POS-GRIP  method of wellhead engineering, has 
signed an agreement with Sonangol Pesquisa e Produção ('Sonangol'), to supply 
its POS-GRIP  wellhead systems and services for drilling activities offshore 
Angola.  The potential value of the contract, which is subject to completion of 
relevant terms, is estimated at GBP700,000 with revenues expected to commence in 
June 2010. 
 
Sonangol will utilise Plexus' POS-GRIP wellhead equipment for gas exploration 
and well test activities in Block 2 offshore Angola using a 15,000 psi, High 
Pressure/High Temperature 18.75 inch wellhead system.  The agreement, which 
marks a new working relationship between the two companies, underpins Plexus' 
strategy of rolling out its POS-GRIP technology into new geographic areas as a 
superior alternative to current wellhead technology across all pressure 
spectrums. 
 
Plexus CEO Ben van Bilderbeek said: "Our steady growth into new territories and 
with new customers is very encouraging.  In tandem with our own international 
marketing initiatives, word of mouth is proving to be a powerful tool, as 
highlighted by this contract win where prior knowledge of and experience with 
POS-GRIP equipment by Sonangol personnel helped to secure the contract.  The 
bottom line is that our message is spreading; that POS-GRIP has significant 
advantages in terms of safety, time and cost saving capabilities, over competing 
technologies and ultimately should become a new industry standard for wellhead 
design." 
 
                                  * * ENDS * * 
 
For further information please visit www.posgrip.com or contact: 
+---------------+------------------------+-------------------+ 
| Ben van       | Plexus Holdings PLC    | Tel: 020 7589     | 
| Bilderbeek    |                        | 8555              | 
+---------------+------------------------+-------------------+ 
| Graham        | Plexus Holdings PLC    | Tel: 020 7795     | 
| Stevens       |                        | 6890              | 
+---------------+------------------------+-------------------+ 
| Jon           | Cenkos Securities plc  | +44 (0)20 7397    | 
| Fitzpatrick   |                        | 8900              | 
+---------------+------------------------+-------------------+ 
| Ken Fleming   | Cenkos Securities plc  | +44 (0)131 220    | 
|               |                        | 6939              | 
+---------------+------------------------+-------------------+ 
| Felicity      | St Brides Media &      | Tel: 020 7236     | 
| Edwards       | Finance Ltd            | 1177              | 
+---------------+------------------------+-------------------+ 
| Isabel        | St Brides Media &      | Tel: 020 7236     | 
| Crossley      | Finance Ltd            | 1177              | 
+---------------+------------------------+-------------------+ 
 
 
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, 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, 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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