Last checked at 16 Jun 2008 07:00
16 June 2008
Pursuit Dynamics PLC
("Pursuit")
License Agreement with EADS Deutschland
Pursuit Dynamics plc (AIM: PDX), the developer and exploiter of the PDX platform technology, is pleased to announce that it has signed a license agreement with EADS Deutschland ("EADS") for the use of the PDX Basilisk® technology throughout the NATO countries in Europe. The license has an initial term of two years with exclusivity to EADS for the first year.
The PDX Basilisk is a highly effective and proven decontamination system developed by Pursuit over the past four years. It is uniquely capable of defeating both airborne and surface chemical and biological threat material. The license permits EADS to use the Basilisk technology in the disinfection and decontamination of people, personal equipment, vehicles, aircraft and buildings including hospitals, field hospitals, livestock and livestock infrastructure.
Commenting on the agreement John Heathcote, CEO of Pursuit, commented:
"This represents the first commercial agreement for our Basilisk technology following an extensive period of demonstrating to, and trialling with, various government agencies and defence contractors in various countries. We have developed Basilisk over the past four years and believe the system represents a step change in efficiency compared with other large-scale decontamination and disinfection technologies available today.
"We view this agreement as the first step in the commercialisation process of Basilisk and anticipate further licensing opportunities outside Europe over the next few months. We continue to participate in government sponsored decontamination development work and look forward to announcing further developments in the future.
"As a result of our work with EADS over the past several months, we have developed great respect for their culture of innovation and commercial vision. We believe that this agreement represents a significant opportunity for Pursuit and we look forward to working with EADS."
For further information, please contact:
Pursuit Dynamics PLC
John Heathcote, Chief Executive Tel: +44 (0)1480 422050
Redleaf Communications
Emma Kane / Paul Dulieu Tel: +44 (0)20 7822 0200
Cenkos Securities plc
Ian Soanes Tel: +44 (0)20 7397 1931
Notes to Editors
Pursuit Dynamics PLC (AIM: PDX) owns and commercialises the PDX® fluid processing reactor whose benefits include significant reductions in energy usage, process acceleration and result in efficiency enhancements 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