Board Appointment

RNS Number : 7177G

Accsys Technologies PLC

17 May 2011

 



AIM: AXS

NYSE Euronext Amsterdam: AXS

17 May 2011

ACCSYS TECHNOLOGIES PLC

("Accsys" or the "Company")

BOARD APPOINTMENT

Accsys, the environmental science and wood technology company, is delighted to announce the appointment of Nick Meyer as a Non-Executive Director of the Company with effect from today's date.

Nick has extensive board room experience in the timber industry, including as Chairman of Montague L Meyer Limited, Deputy Chairman and Chief Executive of Meyer International PLC and currently as Executive Chairman of Consolidated Timber Holdings Limited, an innovative and substantial group of companies which imports, distributes and processes sustainable timber and timber products.

Mr Meyer is also a former President of the Timber Trade Association of the United Kingdom.

Accsys' Chairman, Gordon Campbell commented:

"We are absolutely delighted that Nick has joined the Board. I have no doubt that his thorough knowledge of all aspects of the timber industry gained over the last forty years will add considerable value to the Board."

The following disclosures are required regarding Mr Meyer's appointment pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies:

Director's Full Name and Age	Current Directorships	Directorships within the last 5 years
Montague John Meyer, age 66	Consolidated Timber Holdings Limited	Hoffman & Company Limited
	PXP Holdings Limited	Canadian Transport (Terminals) Limited
	Hardwood Limited	MBM Terminals Limited
	Sydenhams Limited	MacMillan Bloedel Panelboard Agencies Limited
	Porthmellin Securities Limited	MBM Forest Products (Holdings) Limited
	Van Hoorebeke Timber N.V.	Redstop Limited
	Cranleigh School Limited	Sherborne Topco Limited
	The Dockland Settlements
	MBM Speciality Forest Products Limited
	Trafalgar Cases Limited
	Hoffman Thornwood Limited
	C.L.T. Timber and Transport Limited
	Compass Forest Products Limited
	Falcon Panel Products Limited
	Ringtown Limited
	Meridian Wood Products Limited
	Sherborne Holdings Limited
	Cranleigh Foundation
	The Inman Partnership LLP
	MBM Forest Products Limited

There are no further disclosures required to be made in respect of the appointment under Schedule 2(g) of the AIM Rules for Companies.

Ends

For further information, please contact:

Accsys Technologies PLC	Paul Clegg, CEO Hans Pauli, CFO	via Citigate Dewe Rogerson
Matrix Corporate Capital LLP	Stephen Mischler Nick Stone Edmund Glover	[phone]
Numis Securities Limited	Christopher Wilkinson Ben Stoop	[phone] [phone]
Citigate Dewe Rogerson	Ginny Pulbrook Malcolm Robertson Suzanne Bakker	[phone] [phone] [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 100% owned subsidiary, Titan Wood Limited, which has manufacturing operations in Arnhem, the Netherlands, a European office in London and an Americas office in Dallas, Texas. Accsys Technologies' operations comprise three principal business units: (i) the Accoya^® wood production facility located in Arnhem, The Netherlands; (ii) technology development, focused on a programme of continuous improvements to the process engineering and operating protocols for the acetylation of wood which are currently under development and the development of technology for the acetylation of wood fibre; and (iii) the licensing of technology for the production of Accoya^® wood  and Tricoya^® wood elements across the globe.

Accoya^® Wood (www.accoya.info) is produced by using a proprietary, non-toxic process that effectively converts sustainably grown softwoods and non-durable hardwoods into what is best described as a "high technology wood" via acetylation. 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 woods, its colour does not degrade when exposed to sunlight. Moreover, the Accoya^® wood production process does not compromise the wood's strength or machinability. The combination of UV resistance, dimensional stability, increased coatings life, durability and retained strength means that Accoya^® wood offers a wealth of new opportunities to architects, designers and specifiers. Leading applications include external doors and windows, shutters/shading, siding and cladding, decking, outdoor furniture/equipment and glulam beams for structural use. 

Tricoya^® Wood Elements (www.tricoya.com) is Accsys Technologies' proprietary technology for the acetylation of wood fibres, 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 which were once limited to solid wood or man-made products. Tricoya^® Wood Elements is 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. The environmentally responsible process protects wood from rot by making it "inedible" to most micro-organisms and insects, 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. Acetylated wood's increased durability offers major carbon sequestration advantages, compared to other woods and man-made building materials such as steel, vinyl, and plastic.  

Wood Composites include a range of derivative wood products which are manufactured by binding together the strands, particles, fibres, or veneers of wood together with adhesives to form composite materials. These products are engineered to precise design specifications which are tested to meet national or international standards.

Accsys Technologies is the trading name of Titan Wood Limited. ACCOYA^®, TRICOYA^® and the Trimarque Device are registered trademarks owned by Titan Wood Limited and may not be used or reproduced without written permission.

 

END

 

 

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