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33.40    1.20 (3.73%)
Bid:
31.60
Ask:
32.60
Spread: 1.00 (3.165%)
Market Cap: £91.40m
GMR Live PriceLast checked at - London Stock Exchange

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Contract Award

18 Dec 2007 07:01

Pursuit Dynamics PLC18 December 2007 18 December 2007 Pursuit Dynamics PLC ("Pursuit" or "the Company") Contract Award Pursuit Dynamics PLC (AIM: PDX), the developer and exploiter of the PDX(R)platform technology, is pleased to announce that it has signed a contract with aUS Government Prime Contractor ("the Contractor") to provide services utilisingthe PDX Basilisk technology in the development of a system for a USDepartment of Defense programme, which the Contractor recently won. Over the next year, the contract is worth US$185,000 to Pursuit rising toUS$540,000 providing the Contractor exercises its options to continue with thedevelopment programme. Commenting on the contract, John Heathcote, CEO of Pursuit Dynamics said: "Weare delighted to win this contract. We are precluded from discussing details ofthe contract but look forward to updating shareholders when we can." -End- For Further Information, please contact: Pursuit Dynamics PLCJohn Heathcote, Chief Executive Tel: +44 (0)1480 422050 Redleaf CommunicationsEmma Kane / Paul Dulieu / Richard Girling Tel: +44 (0)20 7822 0200 Cenkos Securities plcIan Soanes Tel: +44 (0)20 7397 8924 Notes to Editors • Pursuit Dynamics PLC (AIM: PDX) owns and commercialises the PDX(R) fluid processing reactor whose benefits include significant reductions in energy usage, process acceleration and result enhancement for industries such as Food & Drink, Brewing, Fire Suppression, Decontamination and bio ethanol production. • Pursuit Dynamics is headquartered in Huntingdon, UK and has an office in Norwalk, Connecticut, USA. Pursuit Processing Equipment Limited, the processing equipment division of Pursuit Dynamics, operates from its own facility in Brooklands, Surrey, UK. • Further information is available at the Company's website: www.pursuitdynamics.com • Publication quality photographs are available from Redleaf Communications This information is provided by RNS The company news service from the London Stock Exchange
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