RNS Number:9216D
Plexus Holdings Plc
17 September 2007

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services



17th September 2007



                              Plexus Holdings PLC

                          ("Plexus" or "the Company")

          New Contract with Norsk Hydro Produksjon AS ("Norsk Hydro")



Plexus Holdings PLC, the AIM quoted oil and gas engineering services business,
has signed a contract with leading offshore oil company Norsk Hydro Produksjon
AS to supply a proprietary POS-GRIP(R) wellhead system for use in the Norwegian
North Sea. This agreement marks the first working partnership between the
companies, which Plexus hopes to build upon in the future. The immediate value
of the contract is approximately #700,000, with revenues commencing in the last
quarter of the company's financial year to 30 June 2008.

Plexus will supply Norsk Hydro with POS-GRIP High Pressure/High Temperature ("HP
/HT") exploration rental wellhead equipment, mudline suspension equipment and
service support.   The Directors believe that Plexus' equipment offers the best
technical solution for exploration wells drilled from the latest generation of
Jackup rigs, as it allows the blow out preventer ("BOP") to remain in place for
the well, providing time savings and safety benefits.

The POS-GRIP method of engineering for wellheads and connectors has many
advantages in dealing with the high forces associated with the HP/HT oil and gas
environments, for which there is increasing global demand due to the strong
energy appetite and the need to explore for oil and gas in ever more challenging
locations.  With growing support from many of the oil and gas majors for Plexus'
proprietary POS-GRIP technology, the Company is ideally placed to build upon
this with the aim of developing POS-GRIP wellheads as a new industry standard.

Plexus CEO Ben van Bilderbeek said, "This is a significant contract win for
Plexus as it represents the first working partnership for both companies and is
further corroboration of the particular suitability of our technology for the
more unconventional and technically challenging offshore drilling applications.
POS-GRIP provides a number of key advantages which are particularly beneficial
in relation to a HP/HT rental wellhead contract, including considerable time and
cost savings and enhanced safety."


                                  * * ENDS * *



For further information please visit www.posgrip.com or contact:

Ben van Bilderbeek      Plexus Holdings PLC              Tel: 020 7589 8555

Graham Stevens          Plexus Holdings PLC              Tel: 020 7589 8555

Ken Fleming             Brewin Dolphin                   Tel: 0141 221 7733

Elizabeth Kennedy       Brewin Dolphin                   Tel: 0141 221 7733

Felicity Edwards        St Brides Media & Finance Ltd    Tel: 020 7242 4477

Isabel Crossley         St Brides Media & Finance Ltd    Tel: 020 7242 4477



Notes

Plexus Holdings PLC

Plexus, which began trading on AIM in December 2005, is an established oil and
gas engineering, and services business based in Aberdeen, with an office in
London and a presence in Houston, Texas. It has developed and patented a method
of engineering for oil and gas field wellheads and connectors, POS-GRIPTM, which
involves deforming one tubular member against another to effect gripping and
sealing.

POS-GRIP wellhead systems have to date been used in over 100 oil and gas wells
by international companies including BHP Billiton, BP, Brunei Shell Petroleum,
ConocoPhillips, Gaz de France, Global Santa Fe, Maersk, Petro-Canada Trinidad &
Tobago, Repsol, 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 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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