Plexus's POS-GRIP technology offers way to cleaner gas
POS-GRIP, invented by the company’s chief executive Ben van Bilderbeek, is designed to prevent gas leaks, particularly methane, in wellheads and other connectors
Company
Plexus Holdings PLC
LON:POS
Plexus Holdings PLC is an IP led company focussed on establishing its patented leak-proof POS-GRIP® wellhead and associated equipment as the go-to technology for energy markets. The company is making a genuine contribution to the oil and gas industry's ESG and NetZero goals by championing "through the BOP" (Blow-out Preventer) designs, and lifetime leak-proof HG® metal-to-metal sealing systems.
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Plexus Holdings expects to benefit amidst industry transition
“We believe that Plexus, with our field proven POS-GRIP leak-proof technology, is well positioned to maximise the opportunities that are now beginning to open up to us, especially in relation to natural gas, the cleanest fossil fuel,” said
Plexus confident best days for POS-GRIP technology lie ahead
In an AGM statement, the company said it now has agreements in place with “two of the top three oil and gas services providers in the world” and POS-GRIP is beginning to “gain the recognition that it deserves”
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Little on UK agenda aside from deal-or-no-deal over Brexit, but Tesla's S&P promotion, US stimulus eyed over festive fortnight
It is still likely that 2020 will still throw up more surprises before it comes to an end
Plexus Holdings says it is well positioned for market’s return to growth
"We are well prepared to benefit from the return to growth that the industry will undoubtedly see in 2021," said chief executive Ben van Bilderbeek
Plexus signs licence agreement with Schlumberger company
"We are looking forward to working with Plexus to explore the use of friction-grip technology in our wellhead systems, " said Paul Sims, Global Business Director - Surface Production at Schlumberger
Plexus Holdings receives North Sea order for POS-GRIP from Centrica’s Spirit Energy
The equipment has been ordered for a new gas well in the UK North Sea.
Plexus CEO hails resilience of business model as firm predicts narrower full year loss
Ben Van Bilderbeek said the firm’s debt free balance sheet and its partnerships with fellow engineering groups meant it was “well placed to withstand the downturn" in the oil and gas markets
Plexus expects 2020 revenue to be in-line with expectations, says coronavirus impact is not yet known
"It is difficult to evaluate all of the potential implications [of coronavirus] on the company's trade, customers, suppliers and the wider economy”
Plexus’s Russian partner orders more POS-GRIP equipment following Gazprom install
The successful POS-GRIP install for Gazprom has opened a larger opportunity for Russian licensing partner Gusar
Plexus continues to see progress in talks with potential new partners
Ahead of today's AGM, chairman Jeff Thrall updated investors as the company focuses on “a growing suite” of proprietary products based around its POS-GRIP technology
Plexus' POS-GRIP sealing system verified for use in extreme temperatures
The oil and gas engineer the test, which it believes to be an industry first, will further the capabilities of POS-GRIP technology in Arctic conditions
Plexus Holdings is “working behind the scenes” to gain traction in the production market
"The industry knows the benefits of our technology on the exploration space, so hopefully we will have a bit of a standing start on the production space”
Plexus boosted by first Gazprom POS-GRIP installation
"The deployment of this first wellhead avails Gazprom of the many technical advantages of POS-GRIP technology,” said Ben Van Bilderbeek.
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