Patent Grant Update
January 06 2004 - 1:00AM
UK Regulatory
RNS Number:8702T
Pursuit Dynamics PLC
06 January 2004
Pursuit Dynamics plc ("Pursuit")
Patent Grant Update
Grant of United States Patent for marine propulsion technology
Pursuit Dynamics plc is pleased to announce that it has been granted a United
States Patent (US 6,662,549 B2) for its core marine propulsion and fluid pumping
technology. Pursuit has an intellectual property suite that includes 10
additional patent applications that surround Pursuit's unique, steam-based PDX
Technology, a number of which are at the national filing stage.
John Heathcote, CEO of Pursuit, commented: "This first grant is an important one
for Pursuit. It strengthens our IP position and our portfolio of licensable
products. Development of our marine propulsion system has continued in tandem
with the developments of our fluids handling system. We are now in a
considerably stronger position to exploit our technology in the defence and
recreational marine propulsion markets."
For further information please contact:
John Heathcote CEO, Pursuit 01763 250592
Steve Mahon Commercial Director, Pursuit 01763 250592
Matthew Robinson Durlacher Limited 020 7459 3600
Isabel Crossley St Brides Media & Finance 020 7242 4477
Notes to Editor:
* Pursuit has developed its PDX technology, which utilizes steam as the sole
motive power in an innovative process device that at its simplest can be viewed
as a pump with no moving parts that cannot be blocked.
* The PDX technology has many applications in both the industrial processing and
marine propulsion markets. Pursuit is currently focused on its steam powered
clear bore pumping system (the "PDX system") which can be used in a wide range
of industries including: confectionery; nuclear; oil; personal healthcare; food;
paper and pulp; brewing; wastewater; defence; ballast water.
* The Company has invested heavily in its technology and is now actively
pursuing the commercialisation of its applications.
* The PDX system replaces several devices in a process; consequently it offers a
number of significant advantages, such as simpler processes, lower running costs
and virtually no maintenance. Pursuit is pursuing a capital efficient licensing
based model that will enable industry leaders to exploit the PDX technology.
* Pursuit listed on the AIM Market London Stock Exchange in May 2001.
* For further information, visit: www.pursuitdynamics.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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