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.

sandrew64,

If it was a buy, it could have been delayed from earlier, and therefore could possibly be a sell, although I hope not.

Plaudits to Zmar90 on another BB.
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From today's edition of "Engineer Live" spreading the word amongst engineers:

Materials Handling January 6, 2005 0


Novel technology performs multiple roles in process industry applications

Most production processes rely on a multitude of pumps, mixers and heaters for their fluid handling needs. However, all this can now be carried out in one compact unit. John Heathcote and Mike Todman explain.

The process industry sets high demands on fluid handling systems. Pumping, heating, mixing and the entrainment of additional constituents to a process are traditionally achieved by using different kinds of equipment to perform a single task. However, an innovative new technology has the capability to carry out virtually any combination of these functions within one compact unit.

Known as the PDX system, it has no moving parts, is virtually impossible to block, is silent in operation, self-cleaning and intrinsically safe. Additional benefits of the system include being more energy-efficient than alternative technologies in many applications, and being virtually maintenance-free.

The PDX system is of parallel-bore construction and ideally configured for pipeline installation. It is driven by readily available steam and can be used with almost any process fluid, without the requirements of high pressure or high volume of steam involved.

Steam is injected into a flow via a novel series of annular nozzles, resulting in a transfer of energy to the process fluid. This energy can then be harnessed to control flow rates, mix, secondary entrain (gases, fluids and solids) and allow for heat transfer. These functions enable processing of the most demanding substances, including solids the same diameter as the bore of the system, and highly viscous materials. If required, intensity of the mixing action can be further increased, allowing maceration any soft fluids-based solids.

The PDX system is the result of a 4million development programme by Pursuit Dynamics. The company is confident that it benefit engineers across the process industry, and applications are already underway in a number of sectors food, confectionery, paper and pulp, sewerage and wastewater, brewing, oil, waste handling, and chemicals.

However, the potential of this system is not limited to those highlighted above - according to Pursuit Dynamics it is ideal for any industry that requires the handling of highly viscous, abrasive or chemically aggressive materials.

A wide range of models is available, with differing levels of processing power. A 63mm diameter unit can flow up to 100000litres/hour, and a 25mm diameter will comfortably operate between 2000 and 16000litres/hour.

The ability to provide a solution that can

be adapted to extreme variables is a central feature of the PDX's capability. The amount

of heat added to the flow can be varied from 4 to over 100. It also has the ability to use up to ten additional entrainment ports when multi-mixing or homogenising is required. These entrainment ports can handle solids, gases and fluids.

In addition, the unit does not require pressurisation; this is due to the low-pressure zone within the unit providing the suction necessary for efficient entrainment.

The 25mm system is only 350mm in length and the 47mm and 63mm systems are 460mm in length, allowing further savings over conventional equipment in terms of space.

Adoption drivers

The clear bore of the PDX unit, and the lack of moving parts, allows hard objects to pass straight through without clogging or blocking (whether they are an inherent element of the process or are accidentally present in the form of debris). The durability of this system means that ragging and impeller damage become problems of the past.

With the use of suitable liners or coatings the PDX unit is also impervious to damage from abrasive or aggressive substances. This functionality means that the PDX System is suited to processes that require CIP and SIP.

Individual PDX units can also achieve a considerable suction head, depending on the steam pressure applied, or use of multiple units in a series. The resulting increase in suction capability allows processing of highly viscous liquids, or enables lower viscosity liquids to be pumped to greater heights.

For continuous processes where the direct and indirect costs of downtown can be substantial, reliability of a system becomes a priority. With the absence of moving parts the PDX unit is inherently more reliable than conventional pumps or other process equipment.

The clear bore also allows unobstructed passage for cleaning or inspection pigs (pipeline inspection gauges), with no dismantling required.

However, one of the biggest attractions of the PDX System is its versatility; not only can it be used to perform many different roles, but single units can also carry out multiple tasks concurrently. There are also clearly illustrated benefits available to users installing new plant or replacing existing devices, related to the systems simplicity.

John Heathcote is CEO of Pursuit Dynamics and Mike Todman is Chief Technical Officer. They can be contacted by email at johnheathcote@pursuitdynamics.com or miketodman@pursuitdynamics.com, tel +44 (0)1763 250 592. Pursuit Dynamics plc is currently looking for partners to licence or adopt this system, which the company can demonstrate at its headquarters in Royston or, with a

portable field unit, anywhere in the UK.

I intend to add to my holding in the next few days!!!

Maybe a suprise around AGM time maybe???

Lets hope so. It would most pleasing to see them at about 4.

Any views on the rollout of the PDX Sonic 25 on Wed 12th Jan ? Just bought a few more at 211p

Oakapples,

Well one would like the launch to be accompanied ny an order, we shll see.

ODX have been in their closed period, so maybe we will hear some news soon.

I personally deel the launch of the PDX Sonic 25 will be the catalyst for more interest in the company.

The market cap is close to 100 million, and if that level is breached, will come onto the radar screens of a significant number of large institutions that ignore market caps below this level.

oakapples,

Small rise today.

Don't forget the PDX Sonic 25 launch tomorrow!

Hopefully we will see some decent press comment to accompany the launch, let's hope the new broker does his stuff.

Pursuit Dynamics PLC
12 January 2005


Pursuit Dynamics plc ('Pursuit Dynamics' or 'Pursuit')

Product Launch

Pursuit Dynamics, the developer of the revolutionary PDX(R)? fluid processing
technology, will unveil the new PDX Sonic 25 to trade media and investor
audiences today.

The PDX Sonic 25 is a fully integrated, skid-mounted system capable of
processing liquid foods (soups, sauces, jams, fillings etc.) many times faster
and cheaper than alternative systems.

In addition, Pursuit has recently signed its first distribution agreement in the
UK with D.C. Norris & Company (Engineering) Ltd. This non-exclusive agreement
is the first stage of a planned international distribution network, which is
scheduled to be in place during 2005.

Pursuit is expecting to announce its preliminary results for the year ending 30
September 2004 on 7 February, 2005.


For additional information, please contact:

Pursuit Dynamics plc +44 1763 250 592
John Heathcote

Investec + 44 20 7597 5000
Rupert Krefting

Capital MS &L +44 20 7878 3242
Nick Lockwood


This information is provided by RNS
The company news service from the London Stock Exchange

Lots of small buys. I had hoped for a bit more of a rush particularly with the added news of involvement with D.C. Norris & Co. Lets hope for good reviews following the PDX Sonic 25 presentation. Any views on why it is to take over 4 months to announce preliminary results? They are not expected to be good so could it be that there will be another substantial contract announcement to coincide !!

Having a good look at PDX on recommendation of my friends on SEO. A couple of questions: first, what is the pricing structure; in particular, is there a licensing arrangement as with SEO? Second, has there been a decent write-up in Shares - when or whenabouts?

SEO has just broken through its resistance level - may be last time to but at this level. Cap way behind PDX although they are further down the line.

Eric

Eric, I bought in at the 1.20 level and sold a couple of weeks ago after taking a very nice profit.

PDX has ground breaking technology and does have massive prospects. There are a few deals in the pipeline apparantly.

I did some research a few weeks ago and at the moment the fundies don't stack up and even if it did win a few contracts, it would be hard to justify a 100m valuation of the company. Equally on the other side of the coin, how can you value a company that saves companies or people so much money and time?? The uncertainty forced my exit!!

The technology is so amazing from a engineering point of view.

I think that from here it is a gamble... and i hope to god that my old pdx followers will do well out of it.

legend

You are always popping up and making money and then having the guts to get out! Got the answers to my PDX questions on the SEO board! That included the Shares article of 17th July 2003, recommending as a 10-bagger at 43p. Well, its a 5-bagger already so that's a 2-bagger to go from the current level! Does look expenmsive though against SEO: twice the cap and less far down the line. Big plus for SEO is the royalties and I don't see them mentioned. I am impressed though with the PDX marketing strategy: direct in some industries and through distributors and resellers in others. But it does come back to how the product is licensed: do they just get the maufacturing and one-time licence payment or so they get a recurring income from each sale. If the latter, I would go in now and hold; if the former, I would be wary at present price. Finally, the charts are looking a bit suspect. I suspect we will know more during the runup to the results.

Eric

Eric - you do seem to be doing a good job "selling" SEO on this board (another of Shares Mag little gems). I have found that PDX CEO is happy to answer questions such as yours via e-mail (he may be just a bit busy to-day !!) I have been into PDX since July 03 and have bought and sold them twice since (but kept hold of the original purchase!!) You will find much info on this board in the preceeding 400 odd posts. Dont anticipate a good interim but my crystal ball tells me there will be associated good news with it on 7th Feb - Notice Legend still keeps a watchful eye on this board. PDX is innovative and British and it will fly (IMHO) -
I notice that it looks as if sells are being duplicated. Recent examples are 6087, 5000, 2080 (x3) and earlier 17,000. Not too helpful ! Good luck

Oakapples - I have held pdx since july 03 and therefore am sitting on a large profit. For cgt purposes (ie. 10% rate on aim stocks after 2 years) I would like to hold. Having read much about it, I think the technology is amazing.
However I am concerned that about the market cap. and the absence of any figures relating to the contracts. What income is the Coke deal bringing in ? what is basic pricing structure for these deals ? How many need to be signed before pdx breaks into profit. Have Investec produced any research with specific projections? etc etc. I hope your crystal ball is accurate or we could be heading for a hefty correction over the next month.

Rake - Many thanks for the info on CGT I was not aware. Like you I am sitting on nearly 350% profit. What is the score would I be liable for 10% CGT if still holding 2 years after purchase (July 05. I too am concerned by the M/C and will be out of the country on holiday on 7 Feb. Promised the wife that I would not be logging on in the hotel internet cafe so I will need to speak to her again. Chelsea v Man U to-night so I will wait another creeping occasion.

My understanding is Under normal circs. once you have made net gains over cgt allowance 8200, 2004-2005, you are liable to cgt. rate depends on your overall income, total taxable gains are added to your taxable income (after allowances)and gains charged at 10% where below start rate for tax ie. 2020. Then 20% if between start rate and basic rate limit, 31400, and 40% if fall above 31401. So if you earn 31500 a year and have net gains of 18200, then you pay 40% on 10,000. If its an AIM stock you have held for 2 years then cgt rate is only 10%, in this case a saving of 3000. Also AIM stocks so held do not form part of your estate for IHT purposes. Am not Acct. so please check, but I believe these are current rules.

What a lovely problem to have. That's a good write up Rake and ties in with discussions on other boards. You are asking the same questions as me - I have written to the company only today to try to get an answer on whether there is recurring income from sales. This is a huge strength of SEO where the royalty payment each year is comparable to the original capital cost. SEO is way behind PDX in cap (less than half) although already making deliveries. However the momentum is with PDX and I am awaiting an opportunity to get in; what I mean is, I am wanting to build up the SEO stake further first and hoping that PDX come back a bit. I admit to being surprised, though, that my questions re pricing have not elicited much response.

Eric

Rake I have a CGT trick that I use... works too ;-) I work for a tax accountants!!!

legend,

which is....?


All,

I BELIEVE that PDX are looking to gain a licence fee for each unit, rather than a straight sale.

Thta's why I invested, and as it's a growth company I allow a bit of tolerance where the fundamentals are concerned.

Results aren't important this year,it will be a loss, but 2005 - 2006 will be, so i'm looking for info on potential deals.

DC Norris & Co. info can be found here;


http://www.dcntest.hostinguk.com/index.shtml

Rake - Thanks you for the much appreciated briefing on CGT. I have now been able to check what you say and confirm you are correct.