UK launch of Accoya with BSW
Accsys Technologies PLC
02 March 2006
2nd March 2006 AIM: AXS
Accoya, a 'new wood species', is to launch in the UK
in partnership with UK's largest sawmilling business,
BSW Timber
Accsys Technologies PLC (www.accsysplc.com) is bringing Accoya, a 'new species'
of high performing wood, into the UK and Ireland. The company's wholly owned
subsidiary, Titan Wood Ltd (www.titanwood.com), has signed an agreement with BSW
Timber ('BSW'), the UK's biggest sawmilling business, for the rights to become
the exclusive supplier and producer of Accoya in the region.
The agreement follows two years of joint research and development and customer
trials with a number of joinery companies in the UK, as well as extensive work
with specialist industry partners in coatings and associated products. Under
the agreement, BSW (www.bsw.co.uk) is investing to have exclusive rights in UK
and Ireland to market Accoya, a modified wood product that offers outstanding
performance in terms of durability, stability and reliability, to its broad base
of customers.
This development is consistent with the strategy outlined by Accsys at the time
of its Initial Public Offering in October 2005.
Accoya offers key performance attributes that are equivalent to or better than
the best tropical hardwoods and superior to many artificial material
alternatives. It 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' by increasing the amount of acetyl molecules
present in the wood. Since acetyl molecules are already present in all wood
species, the process does not introduce anything that does not occur naturally
in wood and Accoya is therefore completely non-toxic.
Paul Barham, Chief Executive of BSW, said: 'The Accoya brand fits well with the
construction industry's growing demand for high performance, low maintenance,
sustainable, competitively priced wood products. Accoya is revolutionary yet
founded on many years' research and we believe that it has significant market
potential in the UK where it will be a viable alternative to tropical hardwoods
and artificial materials in exterior applications.'
Ed Suttie, (Director, Timber), of leading independent research, consultancy and
testing agency, BRE (www.bre.co.uk) commented: 'An essential component of the
future sustainable use of wood will rely on innovative technologies such as
acetylated wood. I am excited that the promise shown during the development of
acetylated wood is at last being brought to market. This is great news for wood
in Europe and great news for customers of wood products.'
Edward Pratt, CEO of Accsys Technologies, added: 'As a recognised industry
leader with more than 150 years of trading history in the UK, BSW is a perfect
partner for Titan Wood. Their investment in the Accoya brand is a powerful
endorsement of the market potential for this excellent new material. Through
this agreement we will be able to make Accoya more rapidly available to the many
architects, engineers, local authorities, companies and consumers who are
actively seeking more reliable, attractive and sustainable options in their
choice of building materials.'
ENDS
For further information, please contact:
Accsys Technologies PLC Collins Stewart Parkgreen Communications
www.accsysplc.com Limited
William Paterson-Brown, Andrew Smith / Martin Eales Justine Howarth / Ana Ribeiro
Executive Chairman
+44 (0) 20 7598 4040 +44 (0) 20 7523 8000 +44 (0) 20 7493 3713
Notes to Editors
Accsys Technologies - owns the rights to a number of processes, including high
temperature cracking and cellulose modification. Accsys' core technologies have
either existing patent protection or pending patent applications. Accsys is
focusing its energies on the launch of its Titan Wood business: once this
business has been established, the Directors intend to pursue other technologies
within its portfolio.
BSW Timber - BSW Timber is the largest sawmilling business in Great Britain. The
company's foundations go back to 1848 and the current company was formed in 1988
through a merger of the Brownlie family business and two other companies, Thomas
Smith & Sons and Western Softwoods.
Wood Acetylation - 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.
This information is provided by RNS
The company news service from the London Stock Exchange