Gaming Realms Regulatory News (GMR)

22 Sep 2006 08:54

Pursuit Dynamics PLC22 September 2006 22 September 2006 PURSUIT DYNAMICS plc ("Pursuit" or "the Company") TYCO FIRE SUPPRESSION SECOND LICENCE UPDATE Pursuit Dynamics is pleased to announce that the global exclusive licensee forits PDX FireMist(R) fire suppression technology, Tyco Fire & Building Products("Tyco"), has provided a second positive update on progress towards thecommercialisation of the technology. Highlights of the update, which focuses on the product optimisation process,include: • All milestones to commercialisation are being achieved • An initial fire suppression application for FireMist has been identified • Identification and testing of system components has started • FM Approvals Standard accreditation process is underway • The evaluation of non-steam gaseous propellants has commenced • Discussions with potential Beta site partners are progressing Commenting on the report, John Heathcote, CEO of Pursuit Dynamics, commented,"Tyco have identified an initial application for FireMist, which represents thefastest route to market for the technology. To date all milestones have been metand we remain confident of seeing revenues flowing in from the licence in 2007.We will continue to give Tyco full technical support in maximising thecommercial potential of FireMist and I look forward to reporting on furtherprogress." For further information on Pursuit, please visit www.pursuitdynamics.comFor further information on Tyco, please visit www.tyco-fire.comFor further information on FM Approvals Standard, please visit www.fmglobal.com/approvalsor contact: Pursuit Dynamics plc Tavistock CommunicationsJohn Heathcote, CEO Rachel DrysdaleGary Pyle, CFO Tel: +44 (0)1480 422050 Tel: +44 (0) 20 7920 3150 ABOUT PURSUIT DYNAMICS Pursuit Dynamics plc owns, and is developing, a patented platform technologywith the potential to revolutionise manufacturing techniques across numerousindustries. The core technology is based on a gas driven, supersonic shockwavethat produces a controllable mixing, heating and flow rate. Pursuit Dynamicsoperates as an R&D and licensing company and has already proved the applicationof its system in the food industry. Its PDX(R) Sonic fluid processing product,which is a highly efficient system for use in the manufacture of prepared foodsand soft drinks, was launched in January 2005 and has been licensed to a numberof leading industry players in the EU, USA and Central America. Other potentialindustry applications under development include applications for wastetreatment, brewing, pharmaceuticals, personal healthcare, on-line turbinewashing and oil and gas. 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, is the most effective of all commercially available water mist systemsand can successfully extinguish Class A and B fires in building and aircraftsimulation fire tests. In December 2005, Pursuit granted an exclusive globallicence for FireMist to Tyco Fire & Building Products, a division of TycoInternational Ltd (NYSE: TYC; BSX: TYC), the world leader in fire suppression. In July 2005, Pursuit announced the signing of a one year contract with DARPA, aUS governmental defence research agency to use its PDX(R) Basiliskdecontamination system. The system has a number of applications fordisinfection, human and animal healthcare and in the defence industry,principally in chemical and biological defence applications. Pursuit Dynamics is headquartered in Huntingdon, UK and has a US office inDarien, Connecticut. It is quoted on AIM (ticker: PDX). This information is provided by RNS The company news service from the London Stock Exchange