Grant of global, exclusive product licence.(Product guide)

Pursuit Dynamics plc, the developer and licenser of the innovative and patented PDX(R) technology, which has applications across a broad range of industries is pleased to announce that it has executed a licensing agreement with Tyco Fire and Building Products (Tyco), a division of Tyco International Ltd.

Under the terms of the agreement, Pursuit has granted Tyco an exclusive license to manufacture and market the PDX FireMist(R) (FireMist) fire suppression technology worldwide. The licensing agreement anticipates initial royalty revenues to flow through to Pursuit in approximately one year.

Pursuit has spent over two years developing the water mist-based FireMist technology and the system has been proven to be extremely effective during live fire trials. …

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