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.

7th June 2005

Pursuit Dynamics plc ('Pursuit' or 'the Group')

Interim results for the six months ended 31 March 2005

Pursuit Dynamics plc, the developer of the PDX innovative fluid processing
technology, today announces its interim results for the six months ended 31
March 2005.

Key Highlights:

* Turnover of 39,612 (108,746 for the six months ended 31 March 2004)

* Loss after tax of 1,278,468

* Cash at 31 March 2005 of 2,061,164

* Launch of the PDX Sonic 25 in January 2005, representing a significant
milestone for the company

* Licenses signed with Campbell Grocery Products Ltd. and Greene King Brewing
Company Ltd.

* Confirmation of technical and commercial advantages of PDX Firemist
technology in live fire trials

Commenting on the results, John Heathcote, Chief Executive, said:

'For some time we have been investing in a number of key areas including R&D,
engineering and sales and marketing resource. This has opened up new
opportunities for the company and we are already seeing an increase in the
scale and breadth of the business. Following the recent launch of the PDX Sonic
25 in January this year, we have had strong interest from a number of companies
drawn from the food and drinks industries, reflecting a strong acceptance of
our technology.'

For additional information, please contact:

Pursuit Dynamics plc +44 1763 250 592

John Heathcote, Chief Executive

Gary Pyle, CFO

Capital MS&L +44 20 7307 5330

Steffan Williams/ Paula Crymble

The full results and report can be found here;

http://moneyam.uk-wire.com/cgi-bin/articles/20050607070000P204C.html

Thanks andy..

OA, yes i was a bit confused as to how and when the deals were actually signed and which accounting period they were in!!

Heathcote still remains bullish.

Since rather, on the face of it, uninspiring results - it would appear that many of us have kept faith and PDX has held its own with even a touch of blue -
following three big players signing up I am expecting many more contracts to follow. What I like about Heathcote is that twice over the past year he has personally answered my e-mails - I hope he is too busy to do so at the moment !!

Yes it is good if the management are responsive to shareholders... he obviously believes in himself and his company. Fair play to the guy.

The Guardian 14 June - Rumours that contract about to be signed with US Navy

Oakapples,

Well spotted, but I can't see it myself.

I believe they are about to do a firemist demo for the US Navy, which MAY lead to a contract.

I would have thought the volume would have sored if such a deal was close to be honest, so I don't give this any credence at all.

if it does turn out to be true, we would see some

Hi Andy - As the day goes by and the volumn is low I feel you must be right.
Most impressed by you firework display - how do you do that - graeful you let me know when you have time - I dont know how to copy and post here info I get from elsewhere so it would be useful

oakapples,

To save clogging the thread, please set up your email address in the "my account" section at the top of this page, and I'll explain it in a private message.

Don't worry they pass you the message without releasing your email address, which always remains anonymous, and it's a handy function allowing people to send you a message offlist.

Andy - Done and I note my details already recorded - Thanks

Regarding the fire test. It was on the USS Shadwell in Mobile Bay, Alabama, just as the AGM notes said. Now, researching this, I discovered something interesting. PDX is in the Federal Central Contractor Register, see: http://www.bpn.gov/ccrinq/scripts/search.asp then enter "Pursuit Dynamics" in the "Legal Business Nam..." field. Press Search. WARNING: you can only make a single enquiry on a particular company, so read it all. :)

The interesting bit is that they are registered as providing food processing equipment, not fire suppression! Also, there's a field "Business Start Date: 8/20/2005". So, is PDX going to supply the US Army/Navy with that stuff as well? And why does it say "Business Start Date: 8/20/2005"? Maybe we will have a nice surprise comming at the end of August.

Large movement into the blue this morning - do we have another deal on the cards?

Not sure but am still watching with interest oa... good luck mate

oakapples,

Well just as the price was weakening, back we go towards 200p again, with no news to explain the rise, YET!

Presumably ther's at least a rumour doing the rounds, maybe a deal, we shall see in due course no doubt.

Morning Guys - same pattern as yesterday - Something is in the wind - wouldn`t it be nice if it was "Firemist" Much better that the more regular "Scotch Mist"

Oakapples,

It certainly would!

Someone thinks they know something, that's for sure.

oa well done for your patience... good luck

Thanks legend - its not so much patience as sentiment ( OK not a wise way of behaving in this market) PDX was my first stock purchase,and at 40p, so am holding on for a 10 bagger. Andy is still there too - must be something in the Dorset air!!

The Daily Telegraph to-day - "Talk of a US Navy deal"

PURSUIT DYNAMICS SAYS PDX SYSTEM LICENSED BY PREMIER FOODS AS SUGAR DISSOLVER