© Copyright Pursuit Dynamics PLC PDX® Quarterly Briefing April 27 th 2010.

© Copyright Pursuit Dynamics PLC

PDX® Quarterly BriefingApril 27th 2010


The information contained in these slides and this presentation is being supplied to you by Pursuit Dynamics Plc (‘the Company’) solely for your information and may not be reproduced or redistributed in whole or in part to any other person. This document has not been approved by a person authorised under the Financial Services and Markets Act 2000 ("FSMA") for the purposes of section 21 FSMA.

These slides and this presentation do not constitute, or form part of, a prospectus relating to the Company nor do they constitute orcontain any invitation or offer to any person to underwrite, subscribe for, otherwise acquire, or dispose of any shares in the Company oradvise persons to do so in any jurisdiction, nor shall they, or any part of them, form the basis of or be relied on in any connection with anycontract or commitment whatsoever. Recipients of these slides and/or persons attending this presentation who are considering apurchase of ordinary shares in the Company are reminded that any such purchase must be made solely on the basis of the informationthat the Company has officially released into the public domain.

Whilst all reasonable care has been taken to ensure that the facts stated in these slides and this presentation are accurate and theforecasts, opinions and expectations contained in these slides and this presentation are fair and reasonable, the information contained inthis document has not been independently verified and accordingly no representation or warranty, express or implied, is made as to theaccuracy, fairness or completeness of the information or opinions contained in these slides or this presentation and no reliance should beplaced on the accuracy, fairness or completeness of the information contained in these slides and this presentation. None of theCompany, its shareholders or any of their respective advisers, parents or subsidiaries nor any of their respective directors, officers oremployees or agents (including those of their parents or subsidiaries) accepts any liability or responsibility for any loss howsoever arising,directly or indirectly, from any use of these slides or this presentation or their contents.These slides and this presentation do not constitute a recommendation regarding the shares of the Company. Recipients of these slidesand this presentation should conduct their own investigation, evaluation and analysis of the business, data and property described therein.If you are in any doubt about the information contained in these slides or this presentation, you should contact a person authorised by theFinancial Services Authority who specialises in advising on securities of the kind described in these slides and presentation.Certain statements within this presentation constitute forward looking statements. Such forward looking statements involve risks andother factors which may cause the actual results, achievements or performance expressed or implied by such forward looking statements.Such risks and other factors include, but are not limited to, general economic and business conditions, changes in government regulations,currency fluctuations, the Company's ability to develop its technology, competition, changes in development plans and other risks.There can be no assurance that the results and events contemplated by the forward looking statements contained in this presentationwill, in fact, occur. These forward-looking statements are correct or represent honestly held views only as at the date of delivery of thispresentation.

The Company will not undertake any obligation to release publicly any revisions to these forward looking statements to reflect events,circumstances and unanticipated events occurring after the date of this presentation except as required by law or by regulatory authority.By accepting these slides and/or attending this presentation, you agree to be bound by the provisions and the limitations set out in themor imposed by them and to keep permanently confidential the information contained in these slides or this presentation or made availablein connection with further enquiries to the extent such information is not made publicly available (otherwise through a breach by you of thisprovision). Some of the statements are the opinions of the Directors.

April 10, 2023 PDX Investor Presentation April 27th 2010


www.pursuitdynamics.com

PDX Mission

April 10, 2023 2PDX Investor Presentation April 27th 2010

To be the leading provider of energy efficient solutions to strategic industrial applications using the unique patented PDX reactor and atomising technology improving output and reducing the use of natural resources.

www.pursuitdynamics.comwww.pdx.biz



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PDX Organization Model

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PDX Investor Presentation April 27th 2010


Business creation & focused perspectives

The PDX operational focus will be driven by two main perspectives:

– The commercialization of existing products and solutions to generate revenue opportunities in the short to medium term that will support the cash flow needs of the Company as best and as early as possible.

– The creation of new line of business units to ensure that commercial, technical and partnering priorities are properly coordinated in focused business units around a selected product /market combination.

Each line of business will become the centre of commercial activity around chosen product market combinations such as brewing, bio fuels etc.PDX strives to partner with the key leaders in each industry segment

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Hypothetical Commercial ApplicationMarket Sizes/Routes to market etc

PDX Business Creation ProcessTechnological submission/investigation/validation

Establish LOB ManagementIndependent accounting function

Establish Partners and RelationshipsIdentify JV partners or commercial relationships if appropriate

Develop Capital Requirement/Funding

Value Realisation Spin out/Sale/IPO

6 monthsto technical/commercial sign off

Minimum 12 monthsto full LOB Independence

LOB Development Stages

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PDX Core – Our patent familiesReactor Technology –

Bio fuels, Brewing & FoodAtomisation Technology –

Fire, Decontamination

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• In excess of 60 patent applications and granted patents

• All relatively young and regularly updated to reflect new applications and evolving technology

• Coming out of the base technology patents we will file application patents to reflect new areas of

commercial opportunity

• IP also includes knowhow and design rights.




Agenda Today by Line of Business (LOB)• Decontamination Business Unit

– Announcement last week of the Karcher Joint Venture– Outlook of the business– Main product strategies

• Brewing Business Unit– Status of the Product Planning– Roll-out and Market introduction strategy– Setting a standard reference with the top 10 brewers globally

• Fire Suppression Business Unit– Status of Tyco relationship– Market activities– Product Overview

• Bio Fuels Business Unit– Status of the Ethanol Corn business (Gen 1)– Planning for Cellulosic Ethanol (Gen 2)

• Future Developments


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PDX Decontamination and Disinfection




PDX Decontamination and Disinfection Solutions

• JV Agreement with Kärcher, existing world leader in decontamination

• Key Differentiators: Effectiveness, Volume/Weight, Cost

• Effective against Airborne and Surface threats

• Effective against non-line-of-sight surface threats

• Uses approx 2 - 5% of material compared to conventional systems

• Small and Mobile Systems (Civil and Military)

• Infrastructure solutions (Civil and Military)

• PDX and KFT selected preferred chemical ingredients

• Renewable and Replenishment Supplies (Cartridges)


PDX Investor Presentation April 27th 2010 April 10, 2023 10


PDX Mobile and hybrid solutions

Kärcher – New Joint Venture Partner

• 50/50 Joint Venture Company• Joint Venture will contain all new civil and military solutions utilizing PDX technologies• Existing Kärcher products with PDX technology retrofitted will be subject to a royalty payment• First new products planned for 2010• Revenues expected at the end of 2010 and growing strongly in 2011• Joint Venture will deliver complete solutions including preferred chemicals

EADS – Existing Partnership Updated

• Military and Aviation – mostly custom product and solutions – non-exclusive




Who is Kärcher Futuretech?Kärcher Futuretech?

• World leader in military decontamination solutions• Total sales 2009 Euro 1.3bn; KFT sales 2009 Euro 65mm• Decon growing at 30% pa• 7000 employees worldwide• Operations in 42 countries with dealer and service/support networks• No existing civilian decon business but established channels for cleaning

solutions/machinery into several hospitals

Phone Call with Dr. Hagen Gehringer, MD of Kaercher Future Tech




PDX Decontamination and Disinfection Solutions Example

Portable Systems Family (super light weight to mobile products) 17 times more effective than conventional systems available (Civil and Military) PDX atomiser uses 3-5% of decontaminant required by existing systems**

Sufficient Volume capability – yet light weight – still effective – very affordable Achieved in excess of log 6 kill against BG spores (anthrax simulate) Ratio between visible surface and non-visible surface deposition is the key parameters**

Typical 40:1Best Practice 10:1PDX 1.4:1

Sources: * DSTL study Feb 2009**PDX/Sandia UK trials 2007




Market Opportunities for the JV • Military decontamination market growing strongly globally (KFT +30% in 2009).

• 2 new US Government contracts due for tender 2010; JSTDS SS and JMDS. JSTDS LS expected 2011. Each programme is expected to be $150mm+.

• JV between KFT and PDX has a strong position since KFT won the first contract already in 2008/2009.

• Civilian market in USA estimated by US Chamber of Commerce as $4-6bn. Global market estimate $12bn. Includes hospitals, food preparation, agriculture, schools, transport hubs.

• The JV expects to launch a family of world class solutions, with chemical support, to address both military and civil markets

• The JV expects to ship thousands of decontamination systems over the next years both for the military and civil markets




New JV Product Verification

• PDX received enquires from 2 major international customers to develop a mobile decontamination/heat reducing/smoke scrubbing application

• PDX technology was successfully tested at Chiltern Fire April 2010– Class A fire– 10 euro pallets in size– 110 kg timber in a contained space– Temp of fire 500°– PDX technology was placed 1 meter from fire at a height of 1.8m from floor

• Product development underway with early product release Q3 2010• Full scale release early 2011• Est. market opportunity in excess of 500 major cities each with a potential demand of

100-5000 units each at an expected selling price of $10-20K

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© Copyright Pursuit Dynamics PLC April 10, 2023

• Healthcare• Military use• Aircraft decon• Ports• Veterinary disinfection• Tunnels • Ships/hull decon• 1st response units• Personnel decon• Sensitive electronics• Operating theatres• Infrastructure protection• Food• Brewing

Unsurpassed performance makes the PDX Decontamination solutions the preferred technology for future applications

Est. $4-6billion US market per year*Est. $12 billion+ global market per year**

*Source: US Chamber of Commerce** PDX Estimate 16




PDX Brewing




Mashinglaunch 2011

Mash separation Wort boilinglaunched

March 2010

Whirlpool Fermentation Filling hall(Disinfection)

launch2011

PDX Brewing SolutionsApplication areas for PDX in Brewing

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Quality profiles maintained

Due to the PDX operational parameters all quality profiles such as SMM, DMS, Hop isomerisation and flavour are easily maintained. Up to 50% reduction in energy use

Energy savings during the wort heat up and boiling cycle. Reduced cleaning times

The large accessible wort surface area and uniform temperature profile achieved within the PDX Wort Heater results in no hot spots and hence, no burn on. As a result cleaning times are significantly reduced. Accelerated cycle times

Due to the unique design of the PDX Wort Heater, there are no hot spots. Therefore there is no insulating layer of wort build up on the system resulting in a more effective and efficient thermal transfer.

Key PDX® Wort Heater Benefits – PDX First product

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PDX Brewing Systems - Tested & Proven

• PDX Wort Heater has demonstrated consistent and significant energy savings in both pilot plant trials and commercial production installations.

• To claim a design win at a global brewer the quality test is the critical enabling test – PDX passed this test recently fully (SMM, DMS, hop isomerisation and pH, etc.)

• These two aspects allow PDX to prove/discuss to any top global brewer that a PDX system can be consistently implemented in their whole network of hundreds of installations without quality risks and with energy savings guarantees



Brewing Market• Market structure

– Market is dominated by a number of large players – the top 5 brewers account for over 50% of the worlds beer production

– Due to this structure PDX needs to sell into a select number of brewers to penetrate a large part of the market and become a market reference implementation

– PDX strategy is to gain design wins with the HQ of the global brewers, this will result in repeat installations through multiple sites - significantly easing the sales process.

– PDX will partner with the leading brewing engineering companies globally to manage rollout & implementation of the LOB strategy (Europe, USA, Asia)

• Size of market– According to industry estimates there are 17,000 – 20,000 coppers– Est. global market for installations alone €2.1bn

• Revenue streams for PDX Wort Heater– Sale of product– Share of energy savings – Maintenance contracts



Potential five year scenario

Year 1 Year 2 Year 3 Year 4 Year 5

PDX Wort Heater ASP (€) 140,000 140,000 140,000 140,000 140,000

Number of units sold 15 50 150 300 400

Time weighted Installed base 0 8 40 140 365

Revenue: system sales (€) 2,100,000 7,000,000 21,000,000 42,000,000 56,000,000

Revenue: maintenance & service (€) 0 90,000 480,000 1,680,000 4,380,000

Total Revenue 2,100,000 7,090,000 21,480,000 43,680,000 60,380,000

Energy Share 71,250 380,000 1,330,000 3,467,500 6,792,500

Divisional Profit 596,250 2,175,000 6,820,000 14,807,500 22,982,500

PDX Wort Heater 5 Year Scenario (Mirabaud Data)

Source: MIRABAUD Securities LLP – Feb 26th 2010April 10, 2023 22PDX Investor Presentation April 27th 2010


PDX Brewing Line of Business

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• LOB launched in March 2010

• Lead product PDX® Wort Heater

• Business economic model completed

• New agreement for market development with BRI (see next)

• 3 out of top 6 global brewers in developed discussions regarding the PDX Wort

Heater

• LOB leadership expected to be in place Summer 2010 – strong candidates identified

• Additional sales resources in place in USA and Europe

• Partner with the top brewing engineering and installation companies globally

• Future brewing LOB product lines

• Mashing-project (2011)

• Disinfection of bottling lines (2011)




Campden BRI and PDX

BRI is the premier technology and information organisation providing technical, information and research services to the global brewing maltingand drinks industries

• PDX and BRI have signed a new agreement to assist PDX over the next 5 years • BRI to assist PDX in customer introductions, attending conferences & exhibitions• BRI has validated extensive PDX quality test results with a Global Brewer• PDX Brewing solutions can be verified in any installation quickly and efficiently

(engineering designs, quality tests and energy savings measurements)



PDX Fire Suppression

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© Copyright Pursuit Dynamics PLC 26

PDX Fire Suppression

• PDX licensed to Tyco – the absolute number 1 in the global market• PDX receives a royalty from top line revenues (no further associated costs to PDX)

• TYCO AQUASONIC re-launched worldwide March 2010 by ANSUL• FM approval for large room/volume finalised Feb 2010

• Global training and marketing rollout underway• Market for capital equipment purchases is soft, but Europe and Asia look positive• Tyco commented: “Sales pipeline building well since March for 2010 with several good contracts in process”

Opportunity now exists to significantly develop the PDX/Tyco relationship into new product areas and improve the technologies for the Fire product line.

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Next Generation Fire Nozzles

• Technically superior nozzle performance– A family of nozzles is now available – greater operational performance– 360° nozzle – Re-designed smaller linear nozzles – compact high performance– Smaller droplet sizes – resulting in more water in the air– Rapid coverage of areas – including hard to reach angles

• Gas/Water Ratios– Current Tyco Product ratio = 3/1 (best in class with FM approvals)– Next Gen Tyco / PDX technology = 10/1

This means that PDX can further significantly cut capital and operational costs(Play Video 1)

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PDX Hybrid & Mobile SolutionsFire/Decontamination/Smoke Scrubbing/Heat suppression • Fire/Decontamination/Smoke scrubbing solutions

• Fixed or mobile units – ideal for high risk areas • KFT PDX JV will be set up to deliver on these opportunities• Mobile systems allow fire fighters quick access into fires giving them instant

heat reduction equipment, additional personal protection and increasing survivability for others.

• Multiple applications areas:– Ships, airports, aircraft and ports – Train/Subway stations– Skyscrapers & first response teams

PDX offers cutting edge technology to enable our partners to develop world class products and solutions.

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AQUASONICTM

• Exclusive to ANSUL

• PDX® Water-mist

• Revolutionary in Class B fire protection

• Factory Mutual approvals

• Fast – high volume, high velocity discharge quickly fills space

• Smart - uses one-third less the water of comparable high pressure water mist systems

• Low pressure – less than 10% of the pressure required of high-pressure water-mist systems

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PDX Bio fuels

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Bio fuels Markets

• PDX Gen 1 business opportunity is determined by:

– 12 Billion Gallon market today, growing to 15 – 20 Billion Gallon market in next two to three years (the Corn Ethanol market – largely US based)

– Addressable market for PDX products is at least 6 Billion Gallons (growing to 9-10 Bn)

– US Government decision on Blend Wall (10% to 15% expected this summer)

– Implementation plan to upgrade 50 to 75 Ethanol plants being developed

• PDX Gen 2 markets:

– Young and emerging market – serious market size opportunity – non-food strategy

– Gen 2 is expected to overtake corn-based ethanol market over the next 5-10 years

– Total Gen 1 and Gen 2 output expected to reach 30bn gallons in the next 10 years – this

is a true global market opportunity



Bio fuels PDX Planning Status

• PDX has significantly expanded its programme of tests to determine the true value of the PDX in the corn to ethanol market

• Test results with ICM (who designed and installed 2/3rds of the US ethanol plants) confirm clear benefits of the PDX technology

• PDX is continuing to pursue commercial rollout and operational installations with a number of producers during the next months

Key Benefits

Plant operating parameters maintained - All quality parameters such as water balance, energy balance, and emissions are maintained

Process Yield improvement - Corn to EtOH yield improved established

Reduced enzyme usage - Alpha-amylase dose reduced by relevant amounts

Solid loading increase - The ratio of corn to liquid can be increased without change of viscosity due to enhanced enzyme accessibility. Output of the plant can be increase if downstream capacity is available

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Gen 1 Bio fuels planned product offerings

• Potential Optimization package:

Increase in profitability through reduced operational costs & yield enhancements

• Performance package:

Increased revenue through higher plant throughput – higher profits, better economics and amortization of all capital equipment.

• PDX “Calculator”:

Performance evaluation tool demonstrating optimisation benefits and case for increased volumes

PDX expects to provide more information about this LOB before the summer 2010



Gen 2 Bio fuels

PDX has recently entered into a programme of trials with a major US player which has developed a new process for cellulosic Ethanol with PDX equipment.These trials indicate the PDX delivers:

• Significant yield improvement• Increased efficacy• Operational efficiencies• Scalability

The target is to develop a process and engineering IP platform that will lead a new development in the emerging cellulosic Ethanol market, processing only non-food organic materials into Ethanol.

PDX expects to announce more about this LOB before the summer 2010

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PDX New Ventures Pharmaceutical, Healthcare and

Cosmetics, Food, Paper, Adhesives, Textiles , Fuel Injection, Waste

Water, Desalination, Turbines, etc.




• PDX is focused on energy savings and environmental protection and will therefore be selecting new areas of industry where management believes the Company’s technologies can make a valuable difference.

• PDX will continue to look at ways it can develop its technology in a range of sectors, including bio-fuels, water production and cleaning, oil production and extraction, to help reduce the use of natural resources or help produce energy at much more affordable levels, reduce the usage of chemicals or energy in various processes.

• PDX will generate revenues from the savings and benefits that can be delivered to its customers and partners.

PDX Partnerships and JVs – PDX teams up with the Global Leaders

PDX Lines of Business Structure – Target: Optimal Shareholder returns

PDX Positioning and Mission Energy saving and environmental protection





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Questions and Answers

© Copyright Pursuit Dynamics PLC PDX® Quarterly Briefing April 27 th 2010.

Documents

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