New Biofuels Agreement

25 May 2011

Pursuit Dynamics PLC

("PDX" or "the Company")

New biofuels agreement and update

New agreement

PDX (AIM:PDX) is pleased to announce today the signing of a new agreement with Front Range Energy LLC ("Front Range Energy") to install the Ethanol Reactor System ("ERS").

The plant at Windsor, Colorado, which has operated since May 2006 at a consistent production rate of 50 million gallons per year, has agreed be the first of the second phase of plants to adopt the ERS. This follows announcements made over the past twelve months with Pacific Ethanol Inc. ("Pacific Ethanol"), Mid America Bio Energy & Commodities, LLC ("MABE"), Marquis Energy, LLV ("Marquis") and Red Trail Energy LLC ("Red Trail").

Subject to satisfactory operational validation and the signature of a binding agreement, revenue for this will again be based on a benefit sharing structure under which the economic benefits of the ERS will be shared between Front Range Energy and PDX. Phase two agreements are expected to contain an enhanced share of the economic benefits going forward with 30% of the achieved benefits going to PDX. We re-iterate the previous guidance of US$ 2c to 4c per gallon for phase one plants.

The ERS for Front Range Energy is expected to be installed and generate revenues for PDX this financial year.

Update

PDX is also pleased to provide an update on the ethanol plants that adopted the ERS in phase one. Pacific Ethanol's Boardman plant is in full commercial operation, whilst Marquis's Hennepin plant and MABE are expected to commence full commercial operations shortly. The installation at Red Trail's plant is underway and is expected to enter commercial operation in August.

Including the three other Pacific Ethanol plants that are under option to be installed as our schedule allows, the signing of today's agreement will bring total capacity under contract or negotiation (once the ERS are installed in each of the plants detailed above) to 475 million gallons per year. We re-iterate our guidance for the total volume of 450 million gallons for this financial year.

Commenting on the announcement, Roel Pieper, CEO of PDX, said:

"Today's exciting announcement marks the start of the second wave of ethanol plants that are adopting the ERS, and we expect to announce further agreements soon".

- Ends -

For Further Information, please contact:

Notes to Editors

About PDX

- PDX (AIM: PDX) owns and commercialises the PDX Atomiser and Reactor

technologies that enable significant reductions in energy usage, process acceleration and result enhancement for a wide range of industrial processes and applications.

- The PDX business model is currently organised into five Lines of Business

Biofuels; Brewing, Food and Beverages; Public Health and Decontamination

Industrial Licensing; Water.

- PDX is headquartered in Huntingdon (UK) with an office in London (UK),

Schaffhausen (Switzerland) and Connecticut (USA).

- Further information is available at the Company's website: www.pdx.biz 

- Publication quality photographs are available from FD