12th Feb 2007 15:03
Pursuit Dynamics PLC12 February 2007 12 February 2007 PURSUIT DYNAMICS PLC ("Pursuit Dynamics" or "the Company") BOARD CHANGE Pursuit Dynamics, the developer and licenser of the innovative and patented PDX(R) technology, today announces the resignation of Rooney Anand as aNon-executive Director of the Company. Rooney has informed the Board of hisintention to stand down with effect from 1 March 2007. Rooney has added a greatdeal to the Boardroom by his presence and I would like to thank him for hiscontribution during his term in office. Andrew QuinnChairman For further information on Pursuit Dynamics, please visitwww.pursuitdynamics.com or contact: John Heathcote, CEO Simon Hudson, Rachel DrysdaleCameron Mackenzie, Interim CFO Pursuit Dynamics PLC Tavistock Communications Tel: +44 (0) 1480 422050 +44 (0) 20 7920 3150 / 07966 477256 ABOUT PURSUIT DYNAMICS Pursuit Dynamics PLC owns, and is developing, a patented platform technologywith applications across a number of industries. The core technology is based ona gas driven, supersonic shockwave system that produces controllable mixing,heating and process flow rates. Pursuit Dynamics operates as an R&D, directsales and licensing company and has already proved the application of itstechnology in the food industry. Its PDX(R) Sonic fluid processing product,which is a highly efficient system for use in the manufacture of prepared foodsand soft drinks, was launched in January 2005 and has been licensed to a numberof leading industry players in the EU, USA and Central America. Other potentialindustry areas under development include applications for waste treatment,brewing, personal healthcare and oil and gas. In addition to its applicability to process flow manufacturing industries, thetechnology has been adapted to address the markets for fire suppression anddecontamination. FireMist(R), Pursuit Dynamics' patented fire suppressiontechnology, is the most effective of all commercially available water mistsystems and has successfully extinguished Class A and B fires in building andaircraft simulation fire tests. In December 2005, Pursuit granted an exclusiveglobal licence for fire suppression to Tyco Fire & Building Products, a divisionof Tyco International Ltd (NYSE: TYC; BSX: TYC), the world leader in firesuppression. First revenues from this agreement are anticipated in 2007. In March 2006, Pursuit completed a one year contract with DARPA, a USgovernmental defence research agency for an application of its PDX(R) Basiliskdecontamination system. The system has a number of applications fordisinfection, human and animal healthcare and in the defence industry,principally in chemical and biological defence applications. Pursuit Dynamics is headquartered in Huntingdon, UK and has a US office inNorwalk, Connecticut. It is quoted on the AIM market of the London StockExchange (ticker: PDX). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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