Sondex PLC
21 April 2006
Friday 21st April 2006
Sondex plc
("Sondex" or the "Company")
Sondex gains Queen's Award for International Trade
Sondex, the UK-based oilfield technology group, has gained the Queen's Award for
International Trade in recognition of its export achievement.
The group designs, manufactures and sells drilling and wireline logging
equipment to optimise oil and gas recovery in mature oil fields throughout the
world. Exports, which account for about 95 per cent of the group's revenues,
more than doubled to nearly £26 million per annum in the three years ended 2005.
This is the second Queen's Award for Sondex. In 2000 the group gained the
Queen's Award for Innovation in recognition of the success of its research and
development programme. Some 10 per cent of the group's revenues are invested in
R & D activities.
Martin Perry, Chief Executive of Sondex, said:
"We are delighted to be recognised with the International Trade award. Our
outstanding export performance has been achieved through vigorous research and
product development, a strong commitment to customer support, and a determined
marketing effort involving the establishment of offices and manufacturing
facilities overseas."
Sondex currently operates through nine support centres in England, Scotland, the
USA, Canada, Venezuela, Russia, China, Australia and Dubai.
ENQUIRIES:
Sondex Tel: 0118 932 6755
Martin Perry (Chief Executive)
Chris Wilks (Finance Director)
College Hill Tel: 020 7457 2020
Ben Brewerton
This information is provided by RNS
The company news service from the London Stock Exchange
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