Plexus CEO Ben van Bilderbeek is weighing fundraising options to “extend the runway” for the business, which has been faced with years of losses but may now be on the verge of success.
Plexus Holdings has given an optimistic outlook, hailing “real” signs of recovery, despite year-on-year revenues taking a nosedive due to Covid.
Schlumberger will grant Aberdeen-headquartered Plexus Holdings royalties and a $500,000 lump sum payment after agreeing a multi-year licensing deal for its tech.
A cash injection at a north-east precision engineering firm is expected to spark a recruitment drive over next few years.
Aberdeen-oilfield services firm Plexus has bemoaned conditions “holding back” the widespread adoption of its wellhead engineering technology.
Aberdeen oilfield technology firm Plexus has sold two sets of wellhead equipment to its Russian partner for £1.4million.
Plexus Holdings, the Aberdeen-based engineering services company, has raised $5million through a share subscription agreement with Russian oil and gas equipment manufacturer Gusar.
Plexus Holdings, the Aberdeen-based engineering firm, has suspended its dividend to shareholders as it reported a £3.5million loss in the second half of 2015 and reduced its headcount by 50.
Plexus Holdings’ boss Ben van Bilderbeek said today a record-breaking trading performance by the firm was all the more impressive against a background of woes in the oil and gas industry.
Oil and gas engineering firm Plexus Holdings has appointed Lawrence Rucinski as its North America president as it aims to consolidate its position in the US and Asian markets.
Engineering services company Plexus has signed an agreement with fellow Aberdeen firm Aquaterra Energy to jointly supply High Pressure-High Temperature dual barrier marine risers in the North Sea.