19 Jun 2013 07:00

19 June2013
Pursuit Dynamics PLC
("PDX" or the "Company')
Sale of the Atomiser Patent Rights
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Pursuit Dynamics (AIM: PDX) announces that it has entered into an agreement to assign its Atomiser patent rights and certain related know-how to Tyco Fire & Security Gmbh. The consideration comprises a cash payment of US$100,000. In addition, the existing 2005 licence agreement between PDX and Tyco Fire Products LP has been novated by PDX to Tyco Fire & Security Gmbh in line with the Group's strategy of eliminating all liabilities associated with the existing business.
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The Board continues to explore opportunities in relation to the Company's remaining operating businesses with a view to eliminating the Company's remaining liabilities.
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A further announcement will be made in due course.
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For further information, please contact:
PDX | +44 (0)1480 422 050 |
Dr Bernard Bulkin, Chairman  | |
 Cenkos Securities plc |  +44 (0)20 7397 8900 |
Ian Soanes | |
Max Hartley | |
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