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`19 March 2008
`Smiths buys Texan oilfield equipment company
`
`SMITHS Group, the global technology business, today announces the acquisition of
`Fiberod (Fiber Composite Company Inc.) a Texas-based specialist in oil and gas
`lifting equipment. The acquisition is subject to regulatory approvals. Financial
`details of the purchase, from private owners, were not disclosed.
`
`Fiberod complements the CDI oilfield products and services business bought by Smiths
`Group's John Crane business less than a year ago. Both Fiberod and CDI extend the
`reliability of artificial lift systems which can pump oil from depths of more than 10,000
`feet.
`
`Fiberod is a world-leading manufacturer of fibre-glass sucker rods. These are a light-
`weight alternative to the traditional steel rods used for the artificial lift of oil and gas
`from the reservoir. In calendar year 2007, it reported sales of £12 million ($25 million).
`
`Paul Cox, Group Managing Director of Smiths Specialty Engineering, said: "There are
`some 850,000 wells around the world and many of these require oil and gas reserves to
`be brought to the surface using artificial lift. Fiberod and CDI operate in a £700m per
`annum market and, since we acquired it, CDI has successfully used the John Crane
`worldwide network to penetrate new territories. Fiberod already supplies CDI with rods
`and this deal clears the way for even closer cooperation as we build a global upstream
`oilfield services business."
`
`Employing some 150 people, Fiberod manufactures at Big Spring, near Midland, Texas.
`Assembly is carried out in Big Spring and at nearby Ojinaga, Mexico. Fiberod is near
`completion of a new manufacturing facility in Midland, Texas.
`
`ENDS
`
`Smiths Group
`Smiths is a global technology company listed on the London Stock Exchange (SMIN) and operates a
`sponsored level one ADR programme (SMGZY). A world leader in the practical application of technologies,
`Smiths Group delivers products and services for the threat & contraband detection, medical devices, energy
`and communications markets worldwide. Our products and services make the world safer, healthier and
`more productive. Smiths Group employs more than 23,000 people in over 50 countries. For more
`information visit www.smiths.com
`
`Media
`Chris Fox
`+44 (0)20 7808 5532
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`Investor Relations
`Peter Durman
`+44 (0)20 7808 5535
`+44 (0)7825 145336
`
`back to top
`
`Smiths Group divisions: (cid:9)
`John Crane. Smiths Medical Smiths Detection Smiths Interconnect Flex-Tek (cid:9)
`
`Smiths Group plc: (cid:9)
`
`Share this Follow us Pet'rs Exhibit 1020
`John Crane v. Finalrod
`IPR2016-00232
`Page0000001
`
`Petitioners' Exhibit 1020
`John Crane v. Finalrod
`IPR2016-01786
`Page 1 of 2
`
`
`
`Registered office 2nd Floor, Cardinal Place, 80 Victoria Street, London, SW1E 53L
`Incorporated in England No. 137013
`Copyright 2013 Smiths Group plc.
`All rights Reserved I Legal Notice I Privacy Policy I Cookie Policy
`
`Page0000002
`
`Page 2 of 2
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