Plexus has agreed to a variation in the agreement with Cameron to expand the scope of the existing licence agreement, initially announced in November 2020, which enables Cameron to use Plexus’ POS-GRIP® Technology in certain applications.
Highlights
- Strengthens relationship with Cameron with the expansion of the scope of the existing non-exclusive surface wellhead licence agreement.
- Extends the territory of the licence to worldwide and increases royalty rates for the expanded activities.
- Agreement is in line with Plexus’ strategy to create a portfolio of revenue streams and builds on other agreements with blue-chip organisations.
For further details please contact Plexus or see the full RNS here.