25th Nov 2005 07:00
Pursuit Dynamics PLC25 November 2005 25 November 2005 PURSUIT DYNAMICS PLC THIRD US DISTRIBUTION PARTNER ANNOUNCED Pursuit Dynamics plc ("Pursuit"), the developer and licensor of the innovative and patented PDX(R) technology, which has applications across a broad range of fluid processing industries, announces today that it has signed a third US distribution deal for its PDX(R) Sonic food and beverage processing technology with The M G Newell Corporation ("M G Newell"). Signed to allow Pursuit to further penetrate the multi-billion dollar US food and beverage industry, the agreement follows the successful US launch of the PDX Sonic range at the Worldwide Food Expoin Chicago in October this year. Established in 1885, M G Newell is a full service provider of processing equipment for the food, dairy and beverage industries, amongst others. It has three divisionscovering the Mid-Western, Mid-Atlantic and South-Eastern United States. Commenting on the appointment, John Heathcote, Pursuit's chief executive, said:"Since the successful launch of the PDX Sonic at the Worldwide Food Expo inOctober, we have been greatly encouraged by the number of sales enquiries wehave received from both food and beverage manufacturers in the US. The signingof M G Newell as our third US distribution partner increases our reach andpresence, allowing us to more effectively respond to interest from the marketand to turn that interest into completed sales." -Ends- For further information on M G Newell, please visit www.mgnewell.com . For further information on Pursuit Dynamics, please visitwww.pursuitdynamics.com or contact: John Heathcote, Chief Executive Simon Hudson/Richard SunderlandPursuit Dynamics plc Tavistock CommunicationsTel: +44 (0)1763 250592 Tel: +44 (0)20 7920 3150 NOTES TO EDITORS Pursuit Dynamics plc owns, and is developing, a patented platform technologywith the potential to revolutionise manufacturing techniques across numerousindustries. Pursuit Dynamics operates as a research and development andlicensing company and has already proved the application of its system in thefood and defence industries. Its PDX(R) Sonic fluid processing product, which is a highly efficient systemfor use in the manufacture of prepared foods and soft drinks, was launched inJanuary 2005 and has been licensed to a number of leading industry playersincluding Campbell Grocery Products Ltd, Premier Foods, Geest Foods Ltd,Verstegen Spices and Sauces BV and Coca Cola Enterprises Ltd. Licenses have alsorecently been signed in the US and Central America. Other potential industry applications under development include applications forwaste treatment, brewing, oil, and pulp and paper. In addition to its almost universal applicability to process flow manufacturingindustries, the technology has been adapted to address the very large marketsfor fire and explosion suppression. FireMist(R), Pursuit Dynamics' patentedproduct, the most effective of all commercially available water mist productionand distribution systems, can successfully extinguish Class A and B fires inbuilding and aircraft simulation fire tests. In July 2005, PDX announced the signing of a one year contract with DARPA, a USgovernmental defence research agency to use its PDX(R) Basilisk decontaminationsystem. The system has a number of applications for disinfection, human andanimal healthcare and in the defence industry, principally in chemical andbiological defence applications. The core technology is based on a steam-driven supersonic shockwave producingcontrollable mixing, heating and flow rates. Pursuit Dynamics is headquartered in Hertfordshire UK and has a US office inDarien, Connecticut. It is quoted on the AIM market of the London Stock Exchange(ticker: PDX) and at the recent share price of 183p has a capitalisation ofaround £85 million. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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