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PSG SIGNS AGREEMENT WITH SZET FOR MANUFACTURE IN CHINA

On 16th October 2008 PSG signed a collaboration agreement with SZET a Chinese manufacturer of reformers and furnaces for the petrochemical industry. This agreement will see SZET marketing PSG products along side their reformers and PSG will set up manufacture in SZET's factory in Jingjiang in early 2009.

This manufacturing unit will trade under the name British Pipe Supports (Jingjian) Co. Ltd and will add an important extra facility to PSG's global capability.

British Pipe Supports (Jingjian) Co. Ltd will supply to Chinese petrochemical, conventional and gas fired power generation industry and will target Chinese nuclear power plants planned to be built over the next 10 years. ASME nuclear qualification is expected towards the end of 2009.