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.

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...

Adieh,

To be honest, without news, the price already looks a bit toppy IMHO, so a reasonabe deal will need to be confirmed for that short term gain I reckon.

without any such deal, if the price rises too much more, we may draw the atention of the shorters again.

True...

PURSUIT DYNAMICS plc SHOWCASES INNOVATIONS IN FOOD PROCESSING AT SOMERFIELD CONFERENCE


Pursuit Dynamics plc was pleased to be invited to the Somerfield supplier conference held on February 15th 2005. Pursuit Dynamics plc was one of 4 companies with innovative technologies invited to attend the event due to the advantages that may accrue from the PDX technology to Somerfield's suppliers and supply chain. This event was attended by over 150 suppliers to Somerfield

Pursuit Dynamics expects sales of its newly launched PDX Sonic steam-based fluid processing system [Food Manufacture December 2004, p18] to top 200 a year for liquid food processing alone, as processors realise the benefits the system can offer.

Last month Pursuit launched the PDX Sonic 25, the first in the PDX range of equipment, which can handle 14t of product an hour and has a footprint of just 7.2m2. The self-contained production system is revolutionary as it could make many conventional multi-stage production processes redundant. Pursuit intends to launch further units in sizes handling up to 65t of product an hour.

The PDX system is the result of a four-year project at a cost of 6.5m and is being developed in conjunction with equipment manufacturer DC Norris, which manufactures the accompanying 500l vessel, two in-feed entrainment hoppers and a programmable electronic control system.

Director of new business at Pursuit, Kester Scrope, says that over the past three months the company has conducted around 90 separate trials with more than 40 manufacturers in its test kitchen at Royston, Hertfordshire, resulting in the processing of over 30t of batch recipes. Coca-Cola will be the first company to install the system for its soft drinks production, but other companies have shown interest, including a number of soup and sauces manufacturers and breweries.

The fully-automated PDX batch processing system, with patented shockwave technology, can mix, pump, homogenise, emulsify and cook ingredients simultaneously, making it ideal for sauce manufacture. It can homogenise product to 0.2 microns, making it also suitable for drink applications. It is also cost-effective: according to Pursuit, the Sonic 25 can raise the temperature of 500l of water from 15C to 85C in just 16 minutes, at an industry standard steam cost of 52p.

Unlike conventional methods of steam injection with high thermal gradients, the shockwave technology reduces thermal shock and eliminates the cook-on of product. The machine has no moving parts, making it easy to clean, which can help manufacturers with new product testing and can make them more flexible in changing over production runs as downtime is reduced.

Because the PDX uses steam injection, it is not suitable for products such as chocolate but can cook both rice and pasta at around 30% faster than conventional production. It can also greatly reduce the time it takes to produce sauces that require specialist cooking procedures. In one kitchen test it cut the time taken to produce a bhamel sauce from one-and-a-half hours to just three minutes.

Very good research cavman... not bearish eh?? ;-)... i would think that this is a case of one firm installing the technology, others will follow too.

I just wish we could know the amounts charged per unit and then do some sums as to the earnings.

How many shares do ya hold cavman??