http://thetoneking.com/wp/the-king-of-tubes-peter-watson-and-pm-tubes-make-their-way-to-us-shores/
From what I understand they are a Chinese tube somehow PM selects a higher quality. The inner construction is different from a standard 12ax7b. It looks more like a short grey plate RCA or something. They don't have that metal band inside like the Chinese tubes do.
I have them in my Quickrod and was able to A/B them with the standard Chinese Sino 12ax7b. I found them to be smoother and have a rounder top end.
They made a definite difference to my ears anyway. I know the tube debate will go on and on. And to be honest, I've rolled a LOT of tubes in my Splawn from the new ones to NOS. Right now the PM are my favorite followed closely by the Chinese 12ax7b....
My .02 anyway.