Accsys joins the Social Stock Exchange

RNS Number : 4531G

Accsys Technologies PLC

06 June 2013

 



AIM: AXS

NYSE Euronext Amsterdam: AXS

6 June 2013

ACCSYS TECHNOLOGIES PLC

("Accsys" or the "Company")

Accsys joins the Social Stock Exchange as a founding member

Accsys, the environmental science and technology company whose primary focus is on the production and technology licensing of Accoya^® wood and Tricoya^® wood elements, today announces that it has joined the newly created Social Stock Exchange as a founding member.

The Social Stock Exchange, which launched today (6 June), is the first platform to showcase publicly listed social impact businesses. Its objective is to bridge the information gap between investors and publicly listed social and environmental impact businesses, in the process helping investors to make better informed investment decisions that are aligned with their environmental and social values.

Accsys has joined as one of 11 founding members, having fulfilled the robust admission criteria set by the Social Stock Exchange, which included the production of a social Impact Report on Accsys. The Impact Report covered areas including the social purpose in which Accsys operates, who benefits from Accsys' activities and evidence of delivery against Accsys' social purpose. Accsys' Impact Report was prepared with the assistance of PricewaterhouseCoopers and can be viewed at http://www.socialstockexchange.com/members/accsys-technologies.

Commenting, Paul Clegg, CEO of Accsys Technologies PLC said:

"There are growing numbers of investors that seek investments in companies that deliver environmental benefits in addition to financial returns. I firmly believe that Accsys has strong potential to deliver across both these areas.

"Initiatives such as the Social Stock Exchange that highlight the positive environmental impact businesses such as ours make and help facilitate more informed environmental impact investment decisions should be embraced and applauded. I am delighted that the Company has been accepted as a founding member of the Social Stock Exchange."

Ends

For further information, please contact:

Accsys Technologies PLC	Paul Clegg, CEO Hans Pauli, COO Will Rudge, FD	via Blythe Weigh Communications
Numis Securities	Nominated Adviser: Oliver Cardigan Corporate Broking:  Christopher Wilkinson                              Ben Stoop	[phone]
Blythe Weigh Communications	Paul Weigh Tim Blythe	[phone] [phone] [phone]
SPJ Financial & Corporate Communication	Frank Neervoort	[phone]

Notes to editors:

Accsys Technologies PLC(www.accsysplc.com) is an environmental science and technology company whose primary focus is on the production of Accoya^® wood and technology licensing via its subsidiary, Titan Wood Limited, which has manufacturing operations in Arnhem, the Netherlands (through its subsidiary Titan Wood B.V.), a European office in Windsor, United Kingdom, and an American office in Dallas, Texas (via its subsidiary Titan Wood, Inc). All group subsidiaries are ultimately 100% owned by Accsys and trade as Accsys Technologies.  Any references in this announcement to agreements with Accsys shall mean agreements with either Accsys or its subsidiary entities unless otherwise specified.  Accsys Technologies PLC is listed on the London Stock Exchange AIM market and on Euronext Amsterdam by NYSE Euronext, under the symbols 'AXS'. Accsys' operations comprise three principal business units: (i) Accoya^® wood production; (ii) technology development, focused on a programme of continuous development of and improvements to the process engineering and operating protocols for the acetylation of solid wood and the development of technology for the acetylation of wood elements; and (iii) the licensing of technology for the production of Accoya^® wood and Tricoya^® wood elements across the globe.

Accoya^® wood (www.accoya.com) is produced using Accsys' proprietary patented acetylation technology, that effectively converts sustainably grown softwoods and non-durable hardwoods into what is best described as a "high technology wood". Distinguished by its durability, dimensional stability and, perhaps most importantly of all, its reliability (in terms of consistency of both supply and quality), Accoya^® wood is particularly suited to exterior applications where performance and appearance are valued. Unlike most tropical and European hardwoods, its colour does not degrade when exposed to ultraviolet light. Moreover, the Accoya^® wood production process does not compromise the wood's strength or machinability. The combination of UV resistance, dimensional stability, durability and retained strength means that Accoya^® wood offers a wealth of new opportunities to architects, designers and specifiers. For marine uses where weight is also important, Accoya^® wood for the first time provides boat builders with a wood that is strong, lightweight, durable and retains its natural beauty for far longer.  For a full archive of Accoya^® news, visit www.accoya.com/news.asp.

Tricoya^® Wood Elements(www.tricoya.com) are produced using Accsys' proprietary technology for the acetylation of wood chips, and particles for use in the fabrication of wood based composites, including panel products. These composites demonstrate enhanced durability and dimensional stability which allow them to be used in a variety of applications that were once limited to solid wood or man-made products. Exploitation of Accsys' proprietary technology relating to Tricoya^® Wood Elements is carried out through Tricoya Technologies Limited, a joint venture between Accsys and INEOS Industries Holdings Limited.  Tricoya^® Wood Elements are lauded as the first major innovation in the wood composites industry in more than 30 years.

Wood Acetylation is a process which increases the amount of 'acetyl' molecules in wood, thereby changing its physical properties. When carried out to a sufficient level throughout the wood, this process protects wood from rot by making it "inedible" to most micro-organisms and fungi, without - unlike conventional treatments - making it toxic. It also greatly reduces the wood's tendency to swell and shrink, making it less prone to cracking and ensuring that, when painted, it requires dramatically reduced maintenance.

Accsys Technologies is the trading name of Titan Wood Limited. ACCOYA®, TRICOYA^® and the Trimarque Device are registered trademarks owned by Titan Wood Limited ("TWL"), a wholly owned subsidiary of Accsys Technologies PLC, and may not be used or reproduced without written permission from TWL, or in the case of the Tricoya^® registered trademark, from Tricoya Technologies Limited, a joint venture between TWL and INEOS Industries Holdings Limited with exclusive rights to exploit the Tricoya^® brand.

 

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