Gaming Realms Regulatory News (GMR)

3 Oct 2005 07:00

Pursuit Dynamics PLC03 October 2005 3 October 2005 PURSUIT DYNAMICS PLC SECOND U.S. DISTRIBUTION PARTNER ANNOUNCED Pursuit Dynamics plc ("Pursuit"), the developer and licensor of the innovative and patented PDX technology, which has applications across a broad range of fluid processing industries, announces today that it has signed a second US distribution deal for its PDX Sonic food and beverage processing technology with Anderson & Dahlen, Inc. ("A&D"). The agreement has been reached in advance of the formal US launch of PDX Sonic at the WorldWide Food Expo, in Chicago this month. A&D is a full service process systems integrator which provides world-class engineering, design and equipment solutions to the food, dairy, pharmaceutical and chemical processing industries, amongst others. A&D will also be investing in a demonstration facility for the PDX Sonic at its 84,000 sq ft manufacturing plant in Minnesota. The deal follows Pursuit's recent announcement that it had signed a license agreement with a multi-billion dollar US food manufacturer and producer. Commenting on the appointment, John Heathcote, Pursuit's chief executive, said:"Since the launch of the PDX Sonic, our first product, in January 2005, we havebeen very encouraged by the level of interest from both end users anddistributors. The signing of Anderson & Dahlen, Inc as our second USdistribution partner increases our US footprint and opportunities to penetratethe food and beverage manufacturing industries based there." -Ends- For further information on Anderson Dahlen, Inc. visit: www.andersondahlen.com For further information on Pursuit Dynamics, please visitwww.pursuitdynamics.comor contact: John Heathcote, Simon Hudson/Richard Sunderland/Chief Executive Rachel 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 Sonic fluid processing product, which is the most efficient systemavailable for the manufacture of prepared foods was launched in January 2005 andhas been licensed to a number of leading industry players including the CampbellSoup Company, Premier Foods plc, Geest Ltd 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, 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 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 264.5p has a capitalisation ofjust over £118 million. This information is provided by RNS The company news service from the London Stock Exchange