Accsys To Launch Masisa Tricoya Super MDF Across Latin America

Mon, 02nd Jun 2014 08:15

LONDON (Alliance News) - Accsys Technologies PLC Monday said it has extended its licence option agreement with Tricoya Technologies Ltd and Chilean panel producer Masisa SA, which will see the launch of Masisa Tricoya Super MDF throughout Latin America.

Masisa Tricoya Super MDF is a durable, stable and sustainable wood-fibre based panel product, which guarantees against rot and decay with dimensional stability for 50 years when used externally, Accsys said .

Accsys said that under the agreement, Masisa has agreed to carry out evaluation of Tricoya including market testing, production testing and development of finished end-products with the launch of Masisa Tricoya Super MDF.

The environmental science and technology company said Tricoya Technologies has extended its two-year licence option agreement signed in April 2012 which, if successful, grants Masisa exclusive production and distribution rights for Tricoya for the Latin American market. However, it said that this excludes Brazil, for which the sales and marketing rights are non-exclusive.

During the evaluation phase, the Tricoya product will be supplied by Medite Europe Ltd, Tricoya Technologies' joint development partner and licence holder for which a supply agreement has also been agreed.

Shares in Accsys were up 1.2% at EUR0.218 in early trading Monday.

By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty

Accsys Tech