Production commences
Accsys Technologies PLC
19 March 2007
19th March 2007 AIM: AXS
Accsys announces commercial production of AccoyaTM wood
Accsys Technologies PLC ('Accsys' or 'the Company') announces that Titan Wood
(www.titanwood.com), its 100% owned subsidiary, has successfully commenced the
commercial production of AccoyaTM wood in the Netherlands.
Following the completion of construction at the end of last year, the eagerly
anticipated first batch of AccoyaTM rolled smoothly off the production line at
Titan Wood's new 30,000 m3 Arnhem facility earlier this month. Quality testing
has shown that the material significantly exceeded the Company's key minimum
quality standards and as a result the first material produced has been accepted
for use in one of the most demanding exterior applications: sheet piling for
Dutch canals. Accoya's exceptional durability and dimensional stability makes
it the ideal material to withstand exposure to extreme weather conditions.
In the coming weeks the company will focus on optimising the process and begin
processing even higher grades of material for use in premium applications such
as windows, doors and cladding to meet the demands of its customers, including
BSW Timber in UK.
Eddie Pratt, Chief Executive of Accsys, commented: 'This is a great milestone
for our company and, with construction and commissioning completed in only
eleven months, a significant achievement for our team. Our order books are
completely solid for the next six months, with sales confirmed in applications
including cladding, siding, windows, doors, canal linings and civil
construction. Eventually we hope to see AccoyaTM used in an even wider range of
applications, replacing many other less effective and, equally importantly, less
sustainable materials. We are already looking forward to the expansion of our
plant which last year's move to the new, larger site has made possible.'
With commercial production underway at Arnhem, the Company is now in a position
to solidify licence negotiations and fully expects to be in a position to make
announcements of Licence agreements during the second quarter.
ACCOYA is a registered trademark owned by Titan Wood Limited
ENDS
For further information, please contact:
Accsys Technologies PLC William Paterson-Brown, +44 (0) 20 8122 9191
www.accsysplc.com Executive Chairman
Collins Stewart Limited Tim Mickley / Michael O'Brien +44 (0) 20 7523 8000
Parkgreen Communications Justine Howarth / Clare Irvine +44 (0) 20 7851 7480
Notes to Editors
Titan Wood Limited (www.titanwood.com) is 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 under the symbol 'AXS'.
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.
AccoyaTM 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'. Distinguished by its durability,
dimensional stability and, perhaps most importantly of all, its reliability (in
terms of consistency of both supply and quality), AccoyaTM 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 AccoyaTM 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
AccoyaTM wood offers a wealth of new opportunities to architects, designers and
specifiers. For marine uses where weight is also important, AccoyaTM 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.
BSW is the UK's largest sawmilling group which will be the exclusive supplier of
AccoyaTM in the UK and Ireland.
This information is provided by RNS
The company news service from the London Stock Exchange