Gaming Realms Regulatory News (GMR)

5 Sep 2005 07:00

Pursuit Dynamics PLC05 September 2005 Embargoed until 7.00am on 5 September 2005 PURSUIT DYNAMICS PLC FIRST US LICENCE ACHIEVED RECENTLY APPOINTED DISTRIBUTOR WINS FIRST ORDER AHEAD OF PRODUCT LAUNCH IN OCTOBER 2005 Pursuit Dynamics plc ("Pursuit"), the developer of the innovative PDX(R) processing technology, is pleased to announce its first US licence in the food and beverage industry. The order came via Pursuit's recently appointed US distributor for its food and beverage processing technology, A&B Process SystemsCorp. The licensee is a major US food manufacturer and producer with global, multi-billion dollar revenues. The terms of the licence grant are not being disclosed for reasons of the client's commercial sensitivity. The order has been secured by A&B Process Systems ahead of the formal US launch of Pursuit's processing technology for the food and beverage industry (the PDX Sonic) at the Worldwide Food Expo in Chicago during October 2005. Commenting on the order, John Heathcote, Pursuit's Chief Executive, said "Thisorder, from a major player in US food manufacturing, provides furtherendorsement by the industry of our technology. With sales to a number of leadingfood and beverage companies in Europe already under our belt, the PDX Sonic isbeginning to gain serious sales traction in worldwide markets." "We are particularly pleased that A&B Process Systems - which we selected as ourUS distributor just last month - has been able so quickly to secure such a bluechip licensee. I look forward to reporting further progress to shareholders asour order pipeline produces further sales from system trials." -Ends- For further information please visit www.pursuitdynamics.com or contact: John Heathcote, Simon Hudson/Richard Sunderland/Chief Executive Rachel Drysdale Pursuit Dynamics plc Tavistock CommunicationsTel: +44 (0)1763 250592 Tel: +44 (0)20 7920 3150 NOTES TO EDITORS Pursuit Dynamics plc owns, and is developing, a patented platform technologywith the potential to revolutionise manufacturing techniques across numerousindustries. Pursuit Dynamics operates as a research and development andlicensing company and has already proved the application of its system in thefood and defence industries. Its PDX(R) Sonic fluid processing product, which is the most efficient systemavailable for the manufacture of prepared foods and soft drinks, was launched inJanuary 2005 has been licensed to a number of leading industry players includingthe Campbell Soup Company, Premier Foods plc, Geest plc and Greene King plc. Other industry applications under development include applications forpharmaceuticals, waste and water treatment, brewing, cooling, oil, dairy andpulp and paper. In addition to its almost universal applicability to process flow manufacturingindustries, the technology has been adapted to address the large markets for fire and explosion suppression.FireMist(R), Pursuit Dynamics' patented product, the most effective of allcommercially available water mist production and distribution systems, can successfully extinguish Class A and B fires in building and aircraft simulation fire tests. In July 2005, PDX announced the signing of a one year contract with DARPA, a USgovernmental defence research agency to use its PDX(R) Basilisk decontaminationsystem. The system has a number of applications for disinfection, human andanimal healthcare and in the defence industry, principally in chemical andbiological warfare applications. The core technology is based on a steam-driven supersonic shockwave producingcontrollable mixing, heating and flow rates. The device, contained in onecompact unit has no moving parts and no restrictions. Pursuit Dynamics is headquartered in Hertfordshire UK and has a US office inDarien, Connecticut. It is quoted on the AIM market of the London Stock Exchange(ticker: PDX) and at the recent share price of 224.5p has a capitalisation ofjust over £100 million. This information is provided by RNS The company news service from the London Stock Exchange