7th Mar 2007 12:37
Pursuit Dynamics PLC07 March 2007 7 March 2007 PURSUIT DYNAMICS PLC ("Pursuit Dynamics") AWARD OF REPEAT ORDER FOR PDX SONICS Pursuit Dynamics is pleased to announce the award of a repeat order to itsPursuit Processing Equipment division by one of the UK's largest foodmanufacturers for its patented PDX Sonic food processing system. The order isfor the phased design, build, installation and commissioning of two additionalPDX Sonic lines and is worth in excess of £1.2 million. The customer currentlyhas three other PDX Sonic systems. The equipment will be invoiced on a milestone basis as the PDX Sonic systems arebuilt, delivered and commissioned. Delivery is on a phased basis with Phase 1expected to be completed by Summer 2007 and Phase 2 by early 2008. Oncecommissioned, these two new PDX Sonic lines will go straight into the productionof sauces. Pursuit Dynamics will provide an update on trading in its financial year to 30September 2007 at the Annual General Meeting to be held on 30 March 2007. John Heathcote, CEO of Pursuit Dynamics, commented: "This food equipmentcustomer has recognised that our unique processing technology offers a stepchange in throughput, efficiency and manufacturing costs. Although our policy isnot to announce individual orders for our Pursuit Processing Equipment division,this order, the fourth from one of the UK's largest food manufacturers, issufficiently significant to warrant so doing. It is a ringing endorsement, by anindustry leader, of the benefits of our PDX Sonic product range." For further information on Pursuit Dynamics, please visitwww.pursuitdynamics.com or contact: John Heathcote, CEO Simon Hudson, Rachel Drysdale,Pursuit Dynamics PLC Tavistock CommunicationsTel: +44 (0)1480 422050 + (0) 44 20 7920 3150 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. 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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