is that the onePURSUIT DYNAMICS PLC (“PURSUIT” OR “THE COMPANY”)...

is that the one



PURSUIT DYNAMICS PLC (“PURSUIT” OR “THE COMPANY”)



PURSUIT DYNAMICS SIGNS ADDITIONAL TRIALS & EXCLUSIVITY AGREEMENT WITH CONFECTIONERY MANUFACTURER



Further to the Company’s announcement dated 1 September 2003 and following completion of initial trials of its innovative PDX Technology in confectionery and soft drinks applications with a leading confectionery manufacturer, Pursuit is pleased to announce that it has now entered into an agreement that incorporates further development trials with the same manufacturer.



The trials are fully funded by the manufacturer and are scheduled to be completed by the end of 2003. In addition to funding the trials, the manufacturer will pay Pursuit £15,000 per month to maintain exclusivity for the trialling of the PDX Technology in confectionery and soft drinks applications until, at the latest, March 4 2004.



John Heathcote, Chief Executive Officer of Pursuit said: “This is more good news for Pursuit. We are successfully marketing our PDX Fluids Handling System across a broad range of processing industries. We are developing strong relationships with dominant companies in our targeted sectors with a view to bringing our technology into commercial use in a structured and timely fashion.”



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Contacts:

John Heathcote CEO, Pursuit Tel: 01763 250592

Steve Mahon Commercial Director, Pursuit Tel: 01763 250592

Matthew Robinson Durlacher Limited Tel: 020 7459 3607

Isabel Crossley St Brides Media & Finance Tel: 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.