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.

I expect the market had been expecting more definite news today and the announcement, which was really 'no-news' led some to sell pending any real news.

here is the text in full.
-----------------------------

LONDON (AFX) - Pursuit Dynamics PLC said the unnamed confectionery and soft
drinks manufacturer with which it signed a contract permitting the trial use of
its PDX technology, had asked for the testing period to be extended until the
end of next month.
PDX is a pump which can be used to transport fluids with high solids
content.
In November, Pursuit said the trials, for which the confectionery company is
paying 15,000 stg per month, were scheduled to be completed by the end of 2003.
rhb/bam

-------------------------------

My take on this is cautiously positive, based on the fact that the trial is continuing, and, they haven't walked away.

I don't think it's clear if they are continuing to pay the 15,000 per month trial fee, but this isn't important, IMHO.

It does look as though a deal is a strong possibility, as the exclusivety has been preserved, so now it's down to trying to broker an agreement that will allow PDX to convince the market they have a viable product.

the deal has been signed but due to the directors of cdy being away they could not announce the deal, but had to make a statement as the trials ended today. the directors are back next week so look forward to the full terms which i have not been told. the statement says trials have ended but they now have exclusivity, so time to announce the deal, without pdx going to another food or drink company.

This suggests a new application for PDX technology and gives valuable (& free)PR.

http://news.bbc.co.uk/1/hi/england/beds/bucks/herts/3532521.stm

ssanebs,

Is that speculation on your part, or are you in the loop?

Please feel free to message me via the Moneyam message facility, if you have anything that might be of interest, or you can use my email address

theyarenotgreen@hotmail.com if you prefer.

TIA,

Andy.

More interesting articles in New Scientist

http://www.newscientist.com/news/news.jsp?id=ns99994738

http://www.newscientist.com/news/news.jsp?id=ns99993321

Another interesting article where PDX technology for forest fire fighting would prove to be highly effective.

http://www.newscientist.com/news/news.jsp?id=ns99992425

This company may very well be interested in PDX's technology now that its use for fire fighting has been discovered! http://www.kidde.com They are a global leader in this market.

Legins,

Good finds, and these articles will certainly help spread the word, coming in publications that are widely read and held in some degree of respect I think.

Given the news was not what we, nor the market wanted this week, I have been reassured by the price holding up, rather than tanking as expected.

I STILL think a deal with the "confectioner" is on the cards, and so do a lot of other people it seems!

And yet another interesting article to read. PDX has named their firefighting version as FireMist. IMHO could see this product taking off very quickly with the firefighting industry particularly in high risk regions because life, natural habitat and property are at threat. With the knowledge now that it is in the public domain stating the benefits in FireMist equipment being able to put fires out far quicker and using less water, these could be deployed and operational in a relatively short period of time.

http://www.businessweekly.co.uk/news/view_article.asp?article_id=8290

Blimmey this company is going from strength to strength, i witnessed presentation to our company and it all looks very promising. Cant wait for the first deal to be signed.....

Adieh,

What kine of business is your company in? (if you can say that is)

Also, are they likely to try and conclude a deal with PDX?


Legins,

Yes I have seen the firefighting version tested at Royston, and it certainly has some promise, and could clearly be very marketable worldwide, as well as having aviation and military possibilities.

Thanks Legins what great "leg work" Kind of you to share that with us. I am often suspicious of the intentions of some research by fellow correspondents but when backed up in the way you have it is very assuring.

Oakapples142. News like this is always worth sharing with others, as saying goes "In giving you will receive". I'll eat my hat if this falls on stoney ground. PDX is very promissing!

Fantastic news for PDX.

Pursuit Dynamics PLC
11 March 2004


Pursuit Dynamics plc ('Pursuit')

First sale into the prepared food market


Pursuit is pleased to announce it has sold its first unit to Welcome Food
Ingredients Ltd ('Welcome Food'), a leading UK-based manufacturer of prepared
foods and similar products.

Welcome Food has bought the first PDX system to be used in production. A PDX
unit has been in operation in a pilot plant at Welcome Food's premises for over
a month. During this period the PDX system has been used in the manufacture of
over 20 products including sauces, soups and stocks. This pilot operation has
demonstrated a reduction in manufacturing times of up to 95% and a reduction in
the cleaning time between batches by as much as 80%.

Alex Sutton, Operations Director at Welcome Food comments: 'We are very
impressed by the speed of the process and with the resulting product. Moreover,
it may enable us to create new sauces, pastes and other products that cannot be
manufactured commercially using conventional processes. The faster cooking and
mixing, together with shorter changeover times, will make a significant
difference to our business.'

John Heathcote, CEO of Pursuit comments: 'We are breaking into a large and
rapidly growing market with a product that has demonstrated major, quantifiable
advantages over existing technologies. The proven benefits of the PDX system
provide a compelling rationale for early adoption by prepared food manufacturers
worldwide. Our sales and marketing effort has generated a very positive response
globally. We are confident that this will prove to be the first of many units
leased or sold into the food processing market this year and we are expanding
our business team to exploit this opportunity. Our business model remains
committed to leveraging the value of our intellectual property by generating
revenue through leasing, licensing and direct sales where appropriate.'


For further information please contact:

John Heathcote CEO, Pursuit 01763 250592

Stephen Mahon Commercial Director, Pursuit 01763 250592

David Rae Durlacher Limited 020 7459 3600

Hugo de Salis St. Bride's Media 020 7242 4477


Notes to Editor:

• Pursuit has developed the PDX technology, which utilizes steam as the sole
motive power in an innovative process system.
• It has a wide range of current and potential applications across multiple
industrial sectors including confectionery, nuclear, oil, personal
healthcare, food, paper and pulp, brewing, wastewater, defence and ballast
water.
• The Company has invested heavily in its unique technology and is now
actively pursuing the commercialisation of its applications.
• The PDX system replaces several devices in a process and consequently
offers a number of significant advantages, such as faster and simpler
processes, lower running costs and virtually no maintenance. Pursuit is
pursuing a leasing, licensing and sales model to leverage its intellectual
property portfolio.
• Pursuit listed on the London Stock Exchange's Alternative Investment
Market in May 2001.

At last our patience will be rewarded for us long term holders..... Lets hope
for more good news.

Thank goodness for PDX and there announcement to-day otherwise my portfolio would be in a very sorry state. What do we now make of the 30K exclusitivity deal they have made with AN other until 30 April

If it weren't for the news today absolutely everything in my portfolio would be in the red. Everything else is marked down a ridiculous amount. The old adage of how MM's react is "Someone has sneezed, now everyone has pneumonia!". The US market is not as big as the rest of the world. Tossers!

Yeah wat a depressing day but you need to look forward, everything is going down
only got 3 in the blue.... Still future looks bright for PDX.

AN other agreeing to pay an extra 30K for exclusivity of the PDX technology in their confectionery industry must be worth it to them as the end of April they will have spent a total of 120K. Serious money outlayed already if you ask me! Is the manufacturer paying "exclusivity" for their results or is it for the PDX technology for the confectionery industry?

Given that trials of PDX technology with Welcome Foods has in just 1Mnth approx. is showing astounding results of upto 95% reductions in manufacturing process times and upto 80% reductions in downtime for cleaning and servicing, the rest of the industry, including confectionery, will be crying out for these pumps.

Perhaps now, the confectionery industry could be thinking it's about time to agree terms and cement the deal before they loose out to someone else.