AKS Technologies Joins the Probe Platform

August 19, 2011

 FORT WORTH, TX, August 19, 2011 – Probe Holdings, Inc. has acquired the assets of AKS Technologies, Inc. of Houston, TX, 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 Technologies has 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…a 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 be the 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 has 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.

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