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.

Why the drop in price, isnt this good news?

No, AdieH, it's not really good news. This trial (started at the beginning of September) was supposed to result in a deal. Not another trial. The RNS is an announcement of no jam today, maybe jam tomorrow.

I remain optimistic for PDX, but see nothing to celebrate in this RNS, the second trial without a deal. It would have been nice to learn more about why the trial has been extended, but I imagine that if the reasons for that were positive for shareholders, we *would* have heard about them.

Le Petit Fou

Le Petit Fou,

The confectionery manufacturer would hardly pay 15k per month for the exclusivity of the trialing for PDX's technology - so far 45k possibly increasing to 90k - on top of their own in-house trial & development costs, if they weren't fairly certain that the pumps are commercial use. The deal is in the making. My guess is the manufacturer is looking to maximise the use & obtain a licence that covers the many areas of their manufacturing processes.

Does anyone else investing think the same?

Le Petit Fou,

Good point, no point in investing if it didnt think there was a future in it, I remain hopefully and will be keeping hold of my small amount of shares...

Legins / LPF,

Yes I go along with the sentiments expressed by legins, that it can't be considered a failure, otherwise the potential customer wouldn't be paying for extended trials, and it clearly says they are paying until "AT LEAST March 2004"

However, as LPF rightly says, it isn't what we expected, or hoped for, and so from that point of view it is somewhat disappointing.

We need a deal from another source now to restore confidence I feel.

True Le Petit Fou. The question is why is the trial being extended.

washlander,

One reason would have to be that other competitors that are currently locked out would be in the game if they terminate the trial.

On the otherhand, if the trial had been a failure, that wouldn't be a problem!

I still see this as reasonably positive news, but our expectations were higher, hence the disappointment.

I cannot see how this RNS can be described as "bad news" at all.

The trial will have been very sucessful, more than the laymen might think. Now this has been proven, hence the reason the confectionery manufacturer is prepared to invest 45 - 90K. So, although it may be a mild dissapointment that the pumps are not immediately licenced the manufacturer needed a reasonable time to verify test data. The time they now need is their own R&D to launch their own product using this technology, another reasonable time scale.

Also have you guys & gals looked at PDX's web site recently. What an improvement in the marketing efforts. More moves in the right direction. Excellent management.

Legins,

Until a deal is signed, you cannot assume it has been sucessful, although we clearly like to believe it has. and nothing in the RNS suggests otherwise!

As a regular football fan, I know from experience that "it ain't over til the fat lady sings"!!!

just bringing the discussion thread back up to the top.

Despite what some doomsters have been intimating, another week passes, (and hopefully nearer the first signed deal), and the prce has held steady.

It would now appear that the contenders for the first signed deal are either in the nuclear waste, brewing, or waste water induestries.

I think it is a little naive to expect a major confectionery manufacturer to trial a unit like the PDX for about 10 weeks and then sign a deal. Correctly, before their trial was complete, they have asked for more time. And they may need much more time yet.

Major capital acquisition and implementation programmes, which have such far reaching implications for manufacturing processes, equipment, and even personnel, cannot be committed to in a matter of weeks, certainly not for the kind of numbers that Pursuit will want for their first major deal. And the larger the company concerned, the longer it takes.

The mere fact that the trialler (whoever it might be, and I do not subscribe to the current unfounded ramp being expressed elsewhere) is not only interested enough to continue beyond the original trial period, AND is prepared to pay a small amount for the privilege, is reasonably encouraging news.

We are now told elsewhere that a deal with BNFL or similar is about to be signed - nudge, nudge, wink, wink. Yes, fine - I will believe it when I see it, but find it deeply sad that such innuendo is felt to be required in the cause of a product which can speak for itself without such nonsense.

The PDX unit has massive potential, and could revolutionise the process industries. What it does not need is the overt and pretty amateurish ramping, and equally amateurish deramping presently being expressed on other BBs.

How nice to find a PDX thread which is reasoned and sensible, with no foul language, and no slanging matches!

Wendy,

I agree completely!

With regard to the first signed deal, I believe nuclear decomissioning was mantioned in vague(ish) terms during our visit, and beyond that people may simply be speculating which industry will end up signing PDX's first deal, based upon their own asumptions, nothing more than that.I

During the visit they obviously discussed the possible capabilities and utilisation of the PDX unit, and these included some areas where the PDX may have a future, so some poeple's comments may well reflect what was heard then.

Sadly, due to the actions of a small group deramping PDX, some may feel it necessary to defend it with ramping style posts as a counter balance. I would prefer it if neither type of post existed, let's just deal with the facts, not stories.

Well said andy, well put, lets just stick to the facts and then enjoy the profits (hopefully).

Well, PDX has once again tested its support level of 100p and bounced back.

Yeah, bright future ahead hopefully, would never sell at 1.00 in for the long
term...

Had me worried for a day or two, there. Need some good news from the trials to spur this one on.

It will come I am sure, big believer in this technology, we should all be smiling in the long run, bought some more when price went down : - )

More of the Same Tommorrow and the Start of the Week Looks Very Bright ;-)))
REGARDS THE HOOT..............

Hoot,

Well the start of the week was duller than expected, and the results anounced yesterday were lacking in excitement, insofar as they didn't confirm any deals, contrary to our hopes and expectations.

The market was clearly disappoined, with a 93p bid price at one time, but PDX has recovered for the moment to reclaim the 100p support level.

In some ways this has shown a level of supoport for PDX, that some suggested was not there, so imagine what will happen when news is announced!

oh dear not more promises on this side too that have been unanswered.

Come on ban me for putting this crock of rubbish down on here too!!!

HOOTSTER - 27 Nov'03 - 17:02 - 94 of 95


More of the Same Tommorrow and the Start of the Week Looks Very Bright ;-)))
REGARDS THE HOOT..............