Plexus Holdings plc Provides Earnings Guidance for the First Half of the Financial Year to 30 June 2024

Plexus Holdings plc is a United Kingdom-based company that is engaged in providing oil and gas engineering services. The Company is focused on implementing its patented leak-proof POS-GRIP wellhead and associated equipment as the go-to technology for energy markets. The Company has developed a range of products based on this technology, and is focused on pursuing surface production, abandonment, subsea, and geothermal wellhead opportunities, as well as connectors and the subsea market. Its suite of products and applications include HG wellheads, which combine POS-GRIP technology with gas tight leak free metal-to-metal sealing; the Python subsea wellhead, which is used for safe drilling and production of subsea wells; the POS-SET Connector, which is used for the de-commissioning and abandonment market, and Tersus-PCT, a HP/HT tie back connector product. It is also focused on identifying opportunities for its technology and equipment in other markets.