HUNTINGDON-based Pursuit Dynamics plc last week reported a preliminary loss of £8million for the year to September. But the winner of The Hunts Post Huntingdonshire Business of the Year Award 2007 is on course for achieving positive cashflow, said chairma

HUNTINGDON-based Pursuit Dynamics plc last week reported a preliminary loss of £8million for the year to September. But the winner of The Hunts Post Huntingdonshire Business of the Year Award 2007 is on course for achieving positive cashflow, said chairman Andrew Quinn.

The innovative company, which has extensive research and development activities, operates in the bioethanol, fire suppression, decontamination, food manufacturing and brewing sectors, sees its growing intellectual property portfolio as key to its future value, added chief executive John Heathcote.

The preliminary results show turnover increasing sever per cent to £3.3million, with operating loss increasing from £7million last year.

Commercial highlights for the year included significant advances in Pursuit's biofuels programme, licensing of its Basilisk decontamination technology to EADS for the European NATO countries, the launch of its Aquasonic fire protection system and a contract signed for the installation of a PDX ethanol reactor tower with Iroquois Bio-Energy Company LLC of Indiana for the customer's 40 million gallon per year corn-to-ethanol facility, though it reported challenging trading in the food and brewing sectors.

It was the application of its PDX process improvement technology to brewing that won it The Hunts Post Huntingdonshire Innovation Award 2007.