AKS Technologies Joins the Probe Platform
Friday August 19th 2011

Probe Holdings, Inc. has acquired the assets of AKS Technologies, Inc of Houston, USA, in an undisclosed cash and equity transaction. This oilfield technology based acquisition is part of a strategic plan to create a world-class technical engineering and manufacturing group that can provide downhole tools and systems to the global oilfield service sector.

AKS has grown rapidly over the last 4 years, providing surface monitoring systems and data-to-desk solutions to E & P operators in North America. The company has 11 full time employees and has facilities in Houston, TX and Denver, CO. The cost-effective solutions developed by the AKS team utilize proven building block of technology to deliver both packaged and custom designed solutions. The packaged systems include well testing and frac packages where wireless trancievers connect surface temperature, pressure, fluid flow and liquid level sensors to a central location using best available transmission system (satellite, cell phone or radio based systems). Custom systems can involve a field wide monitoring system where surface acquired data from individual well heads and gathering stations can be linked wirelessly and integrated simply into the operators SCADA or data management system. The AKS business is a product sale based business although it has a rapidly growing rental fleet of tools that are servicing the short term needs of operators.

"AKS Technologies have brought some very smart technology to the surface data acquisition and distribution market", said Maarten Propper, CEO of Probe Holdings, Inc." and they complement many of our downhole data acquisition tools, especially in the permanent monitoring business. They are a great team who share many of the same cultural values of the Probe group. Their innovative style and efficient execution will yield accretive business across the group."

Dave Royko, CEO of AKS Technologies, Inc commented that "the Probe platform is a great opportunity for us all to accelerate growth and the technology adoption process. AKS joining Probe is a triple win for us, a win for Probe and above all a big win for our combined customers who will get great access to new and innovative technology."

Within the growing Probe organization, Dave Royko will take on the role Regional Manager for Probe's North American Geo-Center based in Houston and he will also have overall responsibility for managing the Probe Denver Technical Center based in Englewood, CO. The Denver Technical Center will have a focus on both downhole and surface production monitoring systems and associated data-to-desk solutions.

Probe's strategy revolves around developing fit-for-purpose technical tools and systems while providing customers with exemplary customer support. Probe's Technical Centers are responsible for delivering technical tools and support systems and its Geo-Centers are responsible for front line customer support, training, repair & maintenance of tools as well as providing and maintaining a rental fleet of tools that is appropriate for that particular market.

NEWS

Aug. 19th 2011 - Probe Holdings, Inc. has acquired the assets of AKS Technologies, Inc of Houston, USA, in an undisclosed cash and equity transaction.
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