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.
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.
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.