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Spread: 0.80 (2.667%)
Market Cap: £83.88m
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Re Contract

10 Nov 2005 08:25

Pursuit Dynamics PLC10 November 2005 10 November 2005 PURSUIT DYNAMICS PLC Sales expand into Central America Pursuit Dynamics plc ("Pursuit")(AIM: PDX), the developer of the innovativePDX(R) processing technology, announces today that its US distributor, A & B Process Systems, has achieved its second order for the PDX Sonic System. The customer, Grupo Jumex, is the leading Mexican manufacturer of juices, nectars, and bottled drinks. Grupo Jumex is acquiring Pursuit's PDX(R) Sonic fluid processing product at listprice. The order follows the formal US launch of PDX Sonic at the Worldwide FoodExpo in Chicago during October 2005. For further information please visit www.pursuitdynamics.com or contact: John Heathcote, Chief Simon Hudson/Richard Sunderland/RachelExecutive DrysdalePursuit Dynamics plc Tavistock CommunicationsTel: +44 (0)1763 250592 Tel: +44 (0)20 7920 3150 PURSUIT DYNAMICS PLC 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 very large marketsfor fire and explosion suppression. FireMist(R), Pursuit Dynamics' patentedproduct, the most effective of all commercially available water mist productionand distribution systems, can successfully extinguish Class A and B fires inbuilding 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 171p has a capitalisation of justover £77 million. This information is provided by RNS The company news service from the London Stock Exchange
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