Pursuit Dynamics plc is a UK based research and development company, which was founded in 2000 to develop and commercialise a revolutionary pumping and propulsion technology. Pursuit Dynamics (symbol: PDX) was listed on the Alternative Investment Market of the London Stock Exchange in May 2001.



PDX 25 Sonic.

The PDX Technology is a steam-based system that has applications in both pumping and marine propulsion. It is cheap to manufacture, extremely robust, contains no moving parts and is virtually impossible to block. Pursuit Dynamics owns 100% of the Intellectual Property Rights that surround the PDX Technology.



Pursuit Dynamics is now working towards the commercialisation of the technology it has developed.





Corporate website : http://www.pursuitdynamics.com/


Pursuit are rumoured to be close to closing their first deals, which may be in the food processing industry.

Andy

Would you mind editing that chart away. It reminds me of someone I'd rather forget.

Gausie

(ps - I'm off to Plexuscare after Monday get together )

Useful drop today - have now joined you folks. I've got so many stocks that are multibaggers (allegedly) I want to age quickly :-)

Gausie,

LOL!

Are you staying for lunch?


Seymour,

LOL! ME too!!!

I will paste a resume of our visit soon. but just to say I was VERY impressed, and the "pump" clearly has some major uses that are only just coming to light!

They have just discovered TWO uses that have got the Fire Brigade very interested, and I believe thay will be demonstrating the cabailities to them at a fire test site soon.

Nice to see the price back northwards this morning, and am hoping that vital first del is signed soon, to silence the doubters, and drive away the shorters and traders.

I think you may find this interesting!


http://www.debauched.homechoice.co.uk/pdx1.pdf

A quote from last year! (Plaudits to Charles @ ADVFN)
---------------------------------------------------------

Quote from Tony Quested, CEO of Business weekly, sponsors of last year's Grant Thornton Business Awards.

'They are one of the very few true innovators amongst this years entrants and have incubated a new technology that has a very real commercial and practical application. They would have to do something very wrong not to commercialise succesfully'...

Nice little rise of 3.5p, to end the day with!

I feel that PDX's potential is now beginning to be realised, and as the shareprice nears the 50 market cap, this share will start to appear on the radar screens of those instituions that only look at companies with market caps >50 million.

It would be nice to end the week on an all time high, who knows?

I'm going to add a few more to my existing holding tomorrow, if the price doesn't race away at the opening bell that is.

from the magazine "processing talk"

Replace pumps, heaters, macerators and mixers?

It is claimed that novel technology announced by Puruit Dynamics could replace pumps, heaters, macerators and mixers in food industry applications
PDX Fluids Handling System:

Novel technology could replace pumps, heaters, macerators and mixers in food industry applications.

Some in the food industry will view the PDX Fluids Handling System from Pursuit Dynamics as a pump, while others will see it as a heater, cooker, macerator or mixer.

But the beauty of this innovative technology is that it can perform any combination of these roles.

For food processors interested in reducing energy consumption, the attraction of the PDX system is that it can be far more efficient than conventional technologies.

Furthermore, the unit at the heart of the system has no moving parts, is virtually impossible to clog, is self-cleaning and is intrinsically safe.
If this all sounds too good to be true, Hertfordshire based Pursuit Dynamics can support its claims with a range of units available for demonstration, both at the Company headquarters in Royston or with a transportable field unit anywhere in the UK.

Pursuit Dynamics owns the intellectual property underlying the novel system that is derived from a marine propulsion system and is the subject of 15 patent applications following three years worth of research and development that has cost in excess of UK PDS4million.

The PDX unit is driven by readily available steam.
Neither high pressure nor high volume is necessary, and condensate does not impair the performance, so the PDX unit can be located any reasonable distance from the steam generator.
Steam is injected into a tube via a series of nozzles around the circumference.
Energy is input to the process fluid by momentum transfer of the steam, from the pressure drop when the steam condenses, and from the development of a controllable supersonic shock wave.

The controllable shock wave zone can be generated across the full width of the process fluid, increasing the energy transfer and having a vigorous mixing effect, as well as, if desired, a macerating effect on any semi-solids.
Air, or any other gas, fluid or solid, can also be naturally entrained into the low-pressure zone to boost the performance, enhance the natural mixing effect and/or aerate the process fluid.
If the process fluid were plain water, the effect would simply be to pump the water, with the condensation energy of the steam causing a small temperature increase.

However, the process can be controlled so as to raise the temperature significantly higher.
Continuous, rather than batch, processing is viable with this system.
When fluid-based solids - such as vegetable matter - are added to the process flow, the shock zone can, if necessary, break down the material without any need for mechanical macerators, blades or moving parts.
Furthermore, hard objects such as bone, fruit stones or other debris pass straight through without clogging or blocking.
If a suitable wear-resistant liner or coating is used, abrasive objects will not cause any damage, and the steam injection principle keeps the nozzles clean.

A PDX unit with a diameter of 47 mm will typically produce flowrates of water of up to 65,000 litres/hour, but there is no significant limit on the size of the units that can be built and, therefore, the maximum flowrate is practically unlimited.

At the other end of the scale, a 25 mm unit will produce flowrates of water of between 5,000 - 10,000 litres/hour.
A single PDX unit can also achieve a considerable suction head, depending on the steam pressure applied, or multiple PDX units can be used in series to generate additional suction head.

Another feature of the PDX unit is that the low-pressure zones within the system can be used to entrain additional liquids, gases or powders into the process fluid, thereby eliminating the need for further pumps.
If the entrained material is added upstream, it immediately becomes thoroughly mixed with the process fluid as it passes through the shock zone; less energetic mixing is achieved if the material is entrained downstream.
Some substances encountered in the food processing industry are extremely aggressive.

However, if appropriate materials are used in the construction of the PDX unit or if a suitable coating or liner is employed, the device can be made impervious to hostile solutions.
The PDX system can handle a wide variety of liquids as well as solids in a liquid carrier.

Highly viscous media can be handled with ease and even high volumes of gravel can be pumped without causing damage to the PDX unit.
So long as the process fluid is not adversely affected by the addition of a small volume of steam condensate, the scope for use in the food industry is enormous, with real benefits available to users installing new plant or replacing existing pumps, heaters, macerators or mixers.
Pursuit Dynamics is currently looking for suitable partners to licence or adopt this system.

You might like to check out SCE.
Tech stock.19.5 to 81.5 in 5 weeks.(7.95% on 16th)
Chasing PDX.
mac

mac,

thanks!

Clever little device. 65,000 litres an hour from a 47mm nozzle? That's 18 litres a second!

dclinton,

And it doesn't block, or need to stop the production line to be cleaned, it just keeps on pumping!

Having seen it in action with my own eyes, I have to admit the PDX is impressive!

Bit of a rollercoaster week for PDX, but a bounce from the recent low is reassuring.

Company say they hope to sign up to three deals by Xmas, so we may breach the all time high, depending on deal size of course.

Will have to be a pretty good deal or two to actually justify its current valuation, and even better if it is to rise on anymore than hysterical buying!!

Anyone remmeber the 584p buy note from Nomura on Earthport I once posted on ADVFN. Those notes from house brokers arent worth wiping your arse with em, except for Hoot who will use them to back up his 'tales'.

CEO Heathcote has nailed his colours to the mast by turning down an exclusive with Sonico: he's going to play by the rules of setting the benchmark for future deals according to the first one. So, the first one had better be big, to justify a market cap of 50m, in order to maintain the current share price.

One advantage for PDX is that scaling up shouldn't be too arduous for them, as they are designers rather than manufacturers: therefore, margins should be large, and costs shouldn't go up anywhere near as quickly as turnover.

Anyone know what a typical PE for an established company in this sort of field would be? 10-15?

So looking for earnings by 2006, say, to be 4m-5m pa.

For argument's sake: given the wording in the confectionery RNS of sector-exclusive deals, then for 5-10 [edit] equal-sized industries, one would look for the first deals yielding net earnings in the region of 500k pa.

Le Petit Fou

Its all well and good saying hes turned it down. But what did they offer?
they may have said, give us an exclusive licence and when we start doing something with it you will get some money.

Ive been around long enough not to take too much notice of this wishy washy sort of RNS.
Dont tell me when you havent done something and your trying to dress it UP, tell me when you have DONE SOMETHING!!

Yes, I agree that without info on what Sonico offered, it's difficult to know what numbers we might be talking about. If they turned down a 10k pa deal, then quite right too; but in that case, what value might the product really ever have? If they turned down a 20m pa deal, they're probably bonkers.

Re the confectionery RNS: given that many people in the triallist company might know about the trial, it does seem reasonable & responsible to issue an RNS on the subject, as it could easily be deemed to be market-sensitive information. Though, of course, the trial in and of itself won't butter any parsnips.

Le Petit Fou

LPF,

RE Sonico - Although the EXCLUSIVE deal was turned down by PDX, they didn't turn down doing a non exclusive deal, and I 'm sure I read somewhere that they are still talking, so possibilities may still exist yet.

Andy - true, true. The RNS said they were still in discussions re a non-exclusive deal.

For all: PDX FAQ site updated - I've changed the style sheet, should work better now for those still struggling with internet explorer (press refresh after loading, to force it to refresh the style sheet). No idea how it looks in Mozilla / Netscape, or with any browser on a Mac. Feedback welcome.

Le Petit Fou

a non-exclsuive deal could be worth nothing to pdx, accept to have a company shop windowing their product in a commercial application. In fact it could save them a load of marketing costs!