Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/plexus-holdings-signs-framework-agreement-with-yan.shtmlPlexus Holdings signs framework agreement with Yantai Jereh Oilfield Services
Plexus Holdings has entered into a Framework Agreement with Yantai Jereh Oilfield Services Group Co., Ltd. and the two parties will now work
Edit page New page Hide edit links
Plexus Holdings has entered into a Framework Agreement with Yantai Jereh Oilfield Services Group Co., Ltd. and the two parties will now work together to formalise a binding license agreement to enable Jereh to manufacture and sell Plexus' wellhead equipment to the Chinese and wider Asian oil and gas markets. Jereh is a public company listed on the Shenzhen stock exchange with a market capitalisation of over US $5.8bn and 5,000 employees.
The Agreement remains subject to legally binding agreements being finalised and signed. It is envisaged that the Binding Agreements will include the following terms: •Plexus will grant to Jereh an exclusive licence in China and other designated Asian territories to enable Jereh to manufacture and supply Plexus' products utilising Plexus' trademarks, patents, technology, know-how, engineering, standards and other intellectual property and technical services of Plexus.
