News

December 17, 2009

Repeat Business Shows Plexus Holdings’ Innovative Wellhead Technology Is Winning Industry Acceptance

As any salesman will tell you, it is one thing to win business, quite another to retain it. It is for this reason that investors in Plexus Holdings, the specialist wellhead supplier, can take some reassurance from the AIM company’s record of repeat business.

Just this month, Plexus has been awarded two contracts that build on previous bits of business.  Most recently, it announced a new two-year contract with an option to extend for a further year with Wintershall Noordzee.  Plexus will supply its POS-GRIP® wellhead technology and mudline suspension systems to support Wintershall’s exploration programme in the Dutch North Sea, building on earlier work for the German firm in UK waters. Indeed, this is a customer relationship that goes back...