Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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mystifying why this is trading at this level. On the face of it the product is becoming more known and accepted. Can only be the downside in Constuction generally.
http://www.accsysplc.com/wp-content/uploads/2012/08/20120829-AGM-Notice-2012.pdf Accsys Technologies PLC (the "Company") announces that it will be holding its Annual General Meeting at 4.00 p.m. (UK time) on Thursday 13 September 2012 at the offices of the Company, Royal Albert House, Sheet Street, Windsor SL4 1BE, England.
And we go down.... Not sure what you need to do in these markets to get an erection..
09 August 2012 Accsys today issues its Interim Management Statement relating to the period from 1 April 2012 to date. Key highlights include: Total revenue increased by 38% in the quarter to June 2012 compared to the same quarter last year; Cash balance remains strong with €23.1m at 30 June 2012; Announced licence option agreement with a leading MDF and Particle Board manufacturer in Latin America for the production and sale of Tricoya® based panels; Signed licence agreement with Solvay-Rhodia, for the production and sale of Accoya® in Europe; Comprehensive Heads of Terms agreed with Ineos Industries for a joint venture to exploit Accsys’ Tricoya® wood elements technology; and Grant of Accoya® product patent securing monopoly rights in the United Kingdom for 20 years.
the state of general investment confidence atm, this is performing well. Medium/ long term bullish for me. It's products etc. seem to be receiving excellent reviews so who knows where this could end. I'm topping up on the dips.
Strange. The good news keeps coming here but we have not even got enough steam to get to .20. In time it will surprise a lot of people as this is some product...
This is great news, with the German backing there should be no problem with finance in the foreseeable future.
24 July 2012 ACCSYS TECHNOLOGIES PLC ("Accsys" or the "Company") Heads of Terms with INEOS for joint venture to develop and commercialise Tricoya® Technology Accsys, the environmental science and wood technology company, is pleased to announce that it has signed a comprehensive heads of terms with INEOS Industries, part of the INEOS global chemical group ("INEOS"), concerning the formation of a 50:50 joint venture (JV) to exploit the intellectual property surrounding Accsys' proprietary acetylation technology relating to Tricoya® wood elements. Paul Clegg, Accsys' Chief Executive Officer, commented: "The heads of terms are an important step forward for the Company and represent a major commitment by INEOS to the development and licensing of Tricoya® wood elements technology. Through the JV INEOS will add significant resources, licensing and product development expertise and global reach to our efforts to drive the penetration by Tricoya® of the worldwide panel products market estimated to be worth more than EUR 60 billion annually." INEOS is one of the world's leading manufacturers of chemicals, and is a global leader in the field of technology development and licensing, having sold technology in more than 50 countries. Its global presence and expertise in development, commercialisation, licensing and technology transfer will play a key role in attracting new licensees and in opening up new and previously untapped markets for Tricoya®. Scope of agreement Under the terms agreed, which are not legally binding, Accsys will grant the JV an exclusive global license to exploit Accsys' proprietary acetylation technology for the production of Tricoya® wood elements for use within MDF, particle board and wood plastic composites. Accoya® wood production and licensing and all other acetylation technology shall continue to be exploited by Accsys outside of the scope of the JV. All future licensing agreements for Tricoya® wood elements will be entered into by the new JV. Revenue generated by the new JV is to be split to reflect the relative interests of the two parties taking into account the value that each brings to the venture, including the significant IP value contributed by Accsys. Precise details remain confidential at this time. Once full agreements have been completed, INEOS will make a significant investment in the JV over the initial three years, and will in addition subscribe for new equity in Accsys. This equity will be used by Accsys to fund its share of the JV costs in the initial years. The heads of terms further provide INEOS with scope to increase their equity position in Accsys through the exercise of warrants. Paul Clegg added: "These heads of terms demonstrate the recognition by INEOS of the huge growth potential of Tricoya® and greatly improves the likelihood
What is the price of the shares?are they 0.16 of a penny or 16p ? looking at no of shares in company x 16 p will give you the 67million value. so if they are 16p.why is it up as .016 ? thanks.
Preliminary Announcement of Results for the year ended 31 March 2012 Released 10 July 2012 Number AIM: AXS NYSE Euronext Amsterdam: AXS 10 July 2012 ACCSYS TECHNOLOGIES PLC ("Accsys" or the "Company") Preliminary Announcement of Results for the year ended 31 March 2012 Accsys, the environmental science and wood technology company, has made significant progress during the year towards delivering on its strategy of licensing its technology and seeding new markets with its sustainable and highly durable modified wood products. Operational Highlights: • Licence agreement signed in June 2012 with Solvay-Rhodia ('Solvay') for the production and sale of Accoya® wood using Accsys' proprietary acetylation technology. The conditional agreement grants Solvay exclusive rights to produce and sell Accoya® within certain countries in Europe; • Introduction of Medite Tricoya® to the market place with first sales to customers from our joint development partner, Medite, opening up a wealth of new potential applications; • Signed licence option agreement in April 2012 with a leading MDF and Particle Board manufacturer in Latin America which we expect to open up significant new opportunities; • Strategic collaborative relationship agreed with BP in March 2012 which includes the supply of acetic anhydride and the support of further product and application developments; • Significantly strengthened intellectual property portfolio. We are pleased to announce this includes the recent grant of a product patent for Accoya® in the UK, securing monopoly rights for Accoya® in the United Kingdom for 20 years; • Completed first part of sale and leaseback of Arnhem land and buildings, generating proceeds of €2.2m and which will also enable future improvements to wood handling logistics and storage facilities; • Eight further Accoya® distribution, agency and supply agreements signed, making a total of 35, covering most of Europe, Australia, Canada, Chile, China, India, Korea, Lebanon, Morocco, New Zealand, parts of South-East Asia, U.A.E and the USA; and • Introduction of Accoya® Alder to our product line; a popular, attractive hardwood species which provides superior performance, similar to that of Accoya® Radiata. Financial Highlights · 10% increase in revenue for the financial year to €15.0m (2011: €13.7m). Revenue for the second half of the financial year increased by 41% compared to the first half of the year as a result of increased demand for Accoya®; · Improvement in gross manufacturing margin from a 4% loss last year to a 0.3% loss and from a 7% loss in the first half of the financial year to a 5% profit in the second half; · Excep
i work with this timber and customers love it (and eco friendly ) i hold sh@tloads of these babies
highest riser today but for some reason not appeared as such.. Must be administered by a Banker!!
begins to look like others believe in this product. The market for their treated timber is huge and if they can convince designers and architects that it is a better alternative than hard woods then it would help save de forestation on a grand scale....Perhaps AXS has at last climbed on to the first rung of the ladder..
company has a product that if it can successfully produce and market it could change the way many use wood. To hold these shares you have to believe that sooner or later the green issues will bring this to the fore..
"Solvay is a leader in the production and sale of a wide range of performance materials sold into key market sectors of relevance to Accoya, including for use in buildings and the urban environment around the globe. "As one of the world's leading producers of cellulose acetate, a material which shares certain processing components with our Accoya technology, they also have a set of technical capabilities which should further contribute to the success of this licence."
A A A Accsys Technologies, which uses a special treatment technology to make woods more tough and durable, has signed a licence agreement with a subsidiary of the Belgian company, Solvay. The licence gives Solvay the exclusive rights to produce and sell Accsys's key product, Accoya Wood, for a 15-year period within all Council of Europe countries save for Belgium, Ireland, Luxemburg, the Netherlands and the United Kingdom. There are still some provisions to be worked through but "both parties currently expect that the agreement will become ...fully effective in the second half of 2013." Paul Clegg, Accsys Chief Executive Officer, said: "It is a pleasure to be able to disclose the identity of our prospective licensee, Solvay, with whom we have been working closely for some time.
Given the mess the politicians have made of rescuing the Euro this is a great performance by Accsys. Their business model should enable them to survive and grow even if the banks get even more reluctant to lend than they are now. The hardwood forests are still disappearing at an alrming rate and there are a lot of disadvantages with plastic so I'm lookinking for the price to double in the next couple of years. This is not a forecast probably just a pious hope if world economies contract much more.
Could this be the start? I think so. Looking forward to "the word spreading" so am definitely holding for the medium term, whereas before it was for the long term. But, folks, don't listen to me as what do I know? DYOR and GLA.
NYSE Euronext Amsterdam: AXS 2 July 2012 ACCSYS TECHNOLOGIES PLC ("Accsys" or "the Company") Accoya(R) Licence Agreement with Solvay-Rhodia Accsys is pleased to announce it has entered into a licence agreement with, Rhodia Acetow GmbH, a wholly owned subsidiary of Solvay-Rhodia ("Solvay") for the production and sale of Accoya(R) wood using Accsys' proprietary acetylation technology (the "Technology"). Accsys previously announced comprehensive heads of terms following an earlier option agreement with a major multinational corporation. This resulting Accoya licence agreement reflects a significant amount of work from Accsys and Solvay and represents a commitment to the next stage in the successful commercialisation of Accoya and its acceptance as the globally recognised leading high technology, high performance, modified wood. Scope of agreement The licence provides for the conditional grant to Solvay of exclusive rights for a 15 year period to produce and sell Accoya within the Council of Europe save for Belgium, Ireland, Luxemburg, the Netherlands and the United Kingdom. This initial exclusive period is subject to certain growth and market development obligations being satisfied. In consideration of the grant of rights, Solvay shall pay to Accsys licence and royalty fees. The agreement allows for the construction of multiple Accoya production plants, with the first plant having an initial capacity of approximately 63,000 m(3) of finished Accoya output. Both parties have been working together extensively in many areas. The engineering design of the plant has already commenced and the completion of the basic engineering plan is required and is yet to be completed. In addition Solvay has commissioned a detailed market promotion program in countries within its territory. The agreement is conditional on certain limited provisions being satisfied, including the formal approval of both Accsys and Solvay's board of directors. Whilst there can be no certainty that such conditions will be satisfied, both parties currently expect that the agreement will become unconditional and fully effective in the second half of 2013. In the meantime Accsys has been commissioned to produce a comprehensive Process Design Package. It is expected that many of Accsys' existing distributors and customers in the region will be introduced to Solvay and that the resulting relationship will drive greater market penetration of Accoya by guaranteeing larger scale production and the resulting availability and competitiveness. Paul Clegg, Accsys CEO, said: "It is a pleasure to be able to disclose the identity of our prospective licensee, Solvay, with whom we have been working closely for some time. Solvay is a leader in the production and sale of a wide range of performance materials sold into key market sectors of relevance to Accoya, including for use in buildings and the urban environment,
never understand the drop recently. This is a great long termer. IMO