3rd Jul 2006 15:34
Pursuit Dynamics PLC03 July 2006 3 July 2006 PURSUIT DYNAMICS plc ("Pursuit Dynamics", "Pursuit" or "the Company") SUBSIDIARY'S CONTRACT WIN Pursuit Dynamics, the developer and licenser of the innovative and patented PDX technology, which has applications across a broad range of industries, ispleased to announce that its wholly owned distributor, BPT Skerman Ltd, has wona contract to supply confectionery manufacturing equipment to a major UKconfectionery manufacturer. The contract value is £549,000 and will be invoicedto the prime contractor for the provision of the system. First payments,totalling £110,000, have already been received. BPT Skerman, acquired by Pursuit in March 2006, is a long-establisheddistributor and integrator of capital equipment and systems into the foodmanufacturing and beverage industries. Its customer base includes some of thesector's best-known companies. Commenting on the contract win, John Heathcote, Pursuit's Chief Executive, said:"This is a significant win for us and, although the order relates to traditionalequipment rather than PDX technology, it provides validation of our acquisitionof BPT Skerman." For further information on Pursuit Dynamics, please visitwww.pursuitdynamics.com or contact: John Heathcote, CEO Simon HudsonGary Pyle, CFO Rachel SunderlandPursuit Dynamics plc Tavistock CommunicationsTel: +44 (0)1480 422050 +44 20 7920 3150 or 07966 477256 ABOUT PURSUIT DYNAMICSPursuit Dynamics plc owns, and is developing, a patented platform technologywith the potential to revolutionise manufacturing techniques across numerousindustries. The core technology is based on a gas driven, supersonic shockwavethat produces a controllable mixing, heating and flow rate. Pursuit Dynamicsoperates as a research and development and licensing company and has alreadyproved the application of its system in the food industry. Its PDX 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 players inthe EU, USA and Central America. Other potential industry applications under development include applications forwaste treatment, brewing, pharmaceuticals, personal healthcare, on-line turbinewashing and oil and gas. 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, 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 December 2005, Pursuit grantedan exclusive global licence for FireMist to Tyco Fire & Building Products, adivision of Tyco International Ltd (NYSE: TYC; BSX: TYC), which is the worldleader in fire suppression. In July 2005, Pursuit announced the signing of a one year contract with DARPA, aUS governmental defence research agency to use 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 Cambridgeshire, UK and has a US office inDarien, Connecticut. It is quoted on the AIM market of the London Stock Exchange(ticker: PDX). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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