Accsys Technologies PLC
11 March 2008
11th March 2008
AIM: AXS
NYSE Euronext Amsterdam: AXS
Accsys' Titan Wood Subsidiary Signs Norwegian Agency Agreement
Accsys Technologies PLC ('Accsys' or 'the Company') announces that its 100%
owned subsidiary, Titan Wood Limited ('Titan Wood'), has signed an agency
agreement with OggeTre A/S ('OggeTre'). OggeTre will be the sole agent for the
promotion and sale of the Accoya(R) wood in Norway.
OggeTre director, Robert Braten, said, 'We have established a new company
specifically to market Accoya(R) wood and to manufacture Accoya(R) wood joinery
components. Having conducted our own tests on Accoya(R) wood, we are satisfied
that it answers the demand for a durable, dimensionally stable wood for doors in
coastal areas of Norway where humidity causes swelling in winter. We also expect
the added benefit of increased coating life on windows and cladding to offer a
strong competitive advantage in this market. We are delighted to have secured
this agreement with Titan Wood.'
Titan Wood's European Business Development Manager, Justin Peckham, added, '
Early on in our discussions we established that there is good potential for
Accoya(R) wood in Norway. With the directors of OggeTre also being directors of
Vatnestrom Trevarefabrikk (www.vatnestrom-trevare.no), manufacturers of windows
and doors, there is an excellent synergy and a wealth of experience within the
company. It is exciting to see Accoya(R) wood being made available in Norway.'
OggeTre will be supplied from Titan Wood's Accoya(R) wood production facility in
Arnhem, the Netherlands.
ENDS
For further information, please contact:
Accsys Technologies PLC William Paterson-Brown, +44 (0) 20 8150 8836/
Executive Chairman +44 (0) 20 8144 2510
Collins Stewart Europe Limited Tim Mickley / Michael O'Brien +44 (0) 20 7523 8000
Parkgreen Communications Justine Howarth / +44 (0) 20 7851 7480
Bex Sanders-Hewett
Citigate First Financial B.V. Wouter van de Putte / Laurens + 31 (0) 20 575 4080
Goverse
Notes to Editors:
OggeTre A/S / Vatnestrom Trevarefabrikk
OggeTre has been established by the directors of Vatnestrom Trevarefabrikk with
the sole purpose of promoting and selling Accoya(R) wood in Norway. Vatnestrom
Trevarefabrikk (www.vatnestrom-trevare.no) is a leading Norwegian door and
window manufacturer based in Vatnestrom.
Titan Wood Limited (www.titanwood.com) is a wholly owned subsidiary of the
Accsys Technologies PLC (www.accsysplc.com) group of companies. Accsys
Technologies PLC is listed on the London Stock Exchange AIM market and on
Euronext Amsterdam by NYSE Euronext, under the symbols 'AXS'.
Accoya(R) wood (www.accoya.info) is produced using a patented process that
effectively converts sustainably grown softwoods and non-durable hardwoods into
what is best described as a 'new wood species' 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(R) 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(R) 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(R) wood offers a wealth of new opportunities to
architects, designers and specifiers. For marine uses where weight is also
important, Accoya(R) wood for the first time provides boat builders with a wood
that is strong, lightweight, durable and which retains its natural beauty for
far longer.
Wood Acetylation is a process, which increases the amount of 'acetyl' molecules
in wood, thereby changing its physical properties. The 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.
ACCOYA(R) and the Trimarque Device are registered trademarks owned by Titan Wood
Limited and may not be used or reproduced without written permission.
This information is provided by RNS
The company news service from the London Stock Exchange
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