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.

Mikeran,

Good spot, I see no copyright issues here, so here it is;



2 February 2005 PRESS RELEASE



Pursuit Dynamics plc Signs UK Distribution Agreement with BPT (Skerman) Ltd



Fluids handling specialists Pursuit Dynamics plc, has signed its second non-exclusive distribution agreement with BPT (Skerman) Ltd. The agreement licenses BPT (Skerman) Ltd to target the food sector specifically.



BPT (Skerman) Ltd is one of the UK’s leading manufacturers and suppliers of processing plant, equipment and integrated systems. The company offers customised solutions to a range of applications across process industries, in particular the food, pharmaceutical, cosmetics and personal healthcare sectors.



Kester Scrope, Commercial Director comments: “This latest distribution partnership is excellent news for the food processing sector. BPT Skerman Ltd is highly regarded by the industry for its ability to deliver highly innovative, robust and cost effective process systems. Customers will benefit from the combined power of their sector knowledge and the revolutionary qualities of our PDX fluid processing technology.”



Pursuit Dynamics plc is extending its distribution network both across mainland Europe, the USA, and the rest of the world. In addition to direct sales, the company is developing a network of systems integrators with proven expertise in the liquid food area to support, integrate and install the technology.



BPT (Skerman) Ltd: http://www.bptskerman.com/

To Add to the announcment of BPT Skerman, being appointed as a distributor for PDX, they have amongst their clients the following highly rated convenience food manufacturer http://www.noon.co.uk so keep eating the tikka masala.

Is this a stunned silence?

Or a 'I told you so'....I am waiting for PDX to turn around before buying back in. Couldbe as low as 1.60 at this rate. I had said 180 on results but it is still dropping so it is going to be a great buying opportunity once it stops falling.
Di

Well, overall the results didn't look too bad. Still a healthy amount of cash in the bank, contracts in hand, more in the pipeline. No-one expected a profit.

I'm still holding and may top up if it falls further.

Doug

Looks like they're already bouncing back. Hit a low of 166 and didn't stay there very long.

dclinton,

I agree, I didn't expect any better than this, because if they had made any major sales they would have RNS'd them!

THIS year IS important though, looks like they have around 18 months cash left, so they have to become cash flow positive ASAP.

Support around 165, so hopefully a base will appears there, and soon enough the shorters will find another stock to haunt, in the meantime this may be a decent top up opportunity.

Been an interesting day watching the comments on this board. Cheers guys.


Andy PM for you.

cheers GF.

Looks like PDX is going back up now and pretty quick too. I bought back in at 179 this morning and already up to 185. Now what we need is a good bit of news and whooooooooooosh we will be back above 2.00 again.
Di

Another one for the short list once the dcb is out the way

Good to see things come back.

Well done oak apples for sticking with da. - up 40% today after a monster contract win... guess which clown sold yesterday!!!!

I got them at 1.50 and sold at 2.33 in a month, can't complain. Now they are 330 on the bid!!!!

GF,

Thanks!

Snippet from the BREWING RESEARCH iNSTITUTE.
===================================================

The talk on PDX technology caused quite a stir on day two. Members of the Network quickly identified several good reasons why use of this technology in the malting industry could have a beneficial effect on the quality of the malt produced. Consequently a series of trials have been agreed to test the theories and if encouraging results are obtained, then funding will be sought for a major development project. If you would like to know more about the Barley and Malt network then please contact Robert Muller at r.muller@brewingresearch.co.uk

Something is up with PDX...is a deal about to be announced?? Going up quickly this morning...we could be in for a rebound back to 230...much more if a new contract is announced. Here's hoping.
Di

Dynnamite,

Well we are now up 6p, on decent volume (600,000+), so somebody thinks they know something!

Of course the other possibility could be shorters closing after the recent bear raid.

Di is it worth getting in again? Just looking to move some of my SEO profit around?

Well Adie...I did say PDX would go down on their results to at least 180....I bought back again at 179. PDX will move back to 230 quite easily and beyond if there is a contract deal....something is in the wind. I have still kept my SEO, I sold yesterday and bought back more shares at a lower price. :-)

Good for you i'm out of SEO for now but its on my watch list... Will wait for the new issue shares to be absorbed, looks like alot of sells which might be the new shares of being off loaded, nice quick profit for those who held them... May get back into PDX in short term as you say 2.30 on the cards again...

Adieh,

I topped back up my PDX again this morning, after reducing during the recent bear raid.

What convinced me was the good volume, which is supporting the rising price.

Thanks Andy, I have some cash to invest short term so looking at where to put it for a short term gain...