Last checked at 6 Sep 2010 07:00
6 September 2010
Pursuit Dynamics PLC
("PDX" or "the Company")
Brewing contract
PDX is pleased to announce an agreement with Oettinger Brauerei GmbH ("Oettinger"), one of Germany's leading brewers, to install a new PDX brewing system at its Braunschweig brewery.
Oettinger has seven breweries in Germany and produces approximately nine million hectoliters of beer per annum with approximately ten copper installations, which makes it one of Germany's largest brewery groups. The Braunschweig brewery is one of the largest within the Oettinger group.
As previously announced, PDX expects to be able to charge in the range of 250,000 Euros in general for each copper installation that installs the PDX brewing system. PDX will also charge a maintenance fee and receive a fee based upon the percentage of energy saved.
It is expected that after being operational at the Braunschweig brewery for a limited period, the PDX brewing system will be rolled out across the remainder of Oettinger's breweries over the course of the next year.
PDX is also in negotiations with an increasing number of global brewers, as well as several local brewers in Europe and the USA, and will provide an update in due course.
Commenting on the announcement, Roel Pieper, CEO of PDX, said
"This agreement is a significant milestone for PDX's brewing business and marks a major step forward in the commercialisation of the PDX brewing system."
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For Further Information, please contact:
| PDX |
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| Roel Pieper, Chief Executive | Tel: +44 (0)1480 422050 |
| Donald Bell, Chief Financial Officer |
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| FD |
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| Marc Cohen | Tel: +44 (0) 20 7831 3113 |
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| Cenkos Securities plc |
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| Ian Soanes / Max Hartley | Tel: +44 (0)20 7397 8924 |
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| Mirabaud Securities LLP |
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| Rory Scott | Tel: +44 (0) 20 7878 3360 |
Notes to Editors
About PDX
- PDX(AIM: PDX) owns and commercialises the PDX Atomiser and Reactor technologies that enable significant reductions in energy usage, process acceleration and result enhancement for a wide range of industrial processes and applications.
- The PDX business model is now organized into four Lines of Business - Bio-fuels, Brewing and Food, Decontamination and Fire Suppression.
- PDX is headquartered in Huntingdon, UK with an office in Norwalk, Connecticut, USA.
- Further information is available at the Company's website: www.pdx.biz
- Publication quality photographs are available from FD.