26th Apr 2007 10:36
Pursuit Dynamics PLC26 April 2007 26 April 2007 PURSUIT DYNAMICS PLC ("Pursuit Dynamics" or "the Company") Recent rise in share price The Directors of Pursuit Dynamics note the recent rise in the Company's shareprice. They know of no particular reason for the increase but wish to take thisopportunity to state that the Company continues to make very encouragingprogress with the development of applications for its PDX platform technology.At our AGM, held on March 30 2007, our Chairman stated the Company wasencouraged by the preliminary results from our primary internal R&D programme,focussed on the application of PDX technology in bio-ethanol production. Sincethat time test work results have continued to be very positive. We expect to bein a position to provide shareholders with a further update on the progress ofthis internal R & D programme shortly after completion of the first stage at theend of April. -ends- For further information on Pursuit Dynamics, please visitwww.pursuitdynamics.com or contact: John Heathcote, CEO Simon HudsonCameron Mackenzie, Interim CFO Rachel DrysdalePursuit Dynamics PLC Tavistock CommunicationsTel: +44 (0)1480 422050 +44 (0) 20 7920 3150 or (0) 7966 477256 ABOUT PURSUIT DYNAMICSPursuit 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, bio-ethanol 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. Pursuit Processing Equipment, the processing equipmentdivision of Pursuit Dynamics, operates from its own facility in Brooklands,Surrey, UK. Pursuit Dynamics 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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