The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Approval of Solvay licence agreement 23 December 2013 Accsys, the environmental science and technology company whose primary focus is on the production and technology licensing of Accoya® wood and Tricoya® wood elements, today announces that its Accoya® licence agreement with Belgian chemical group Solvay is now approved by both parties and is fully effective, resulting in a new level of cooperation between the two companies.
Revenue increased by 47% to €9.1m for the six months ended 30 September 2012 (2011: €6.2m) and included €553,000 of licence revenue (2011: €75,000); • First stages of Process Design Package have been delivered to Rhodia following the signing of an Accoya® licence in June 2012 enabling the next stages of their engineering planning; • Entered into a 50:50 JV with INEOS Technologies in October 2012 to exploit Accsys’ intellectual property surrounding Tricoya® wood elements acetylation and processes globally; • Sales of Medite Tricoya® Extreme Durable MDF are increasing steadily since its launch by our joint development partner, Medite at the end of 2011; • Gross manufacturing margin increased by 24% to a positive 15% and the Arnhem manufacturing EBITDA margin improved from -36% to -6%; • Total of 36 distribution or agency agreements now in place covering most of Europe, Australia, Canada, Chile, China, India, Mexico, Morocco, New Zealand, parts of South-East Asia and the USA; • Accoya® and Tricoya® continued to gain overall market recognition, for example by winning the Supreme Award for Innovation at the annual Timber Expo in the UK; • Cash balance of €20.7m at 30 September 2012 (€24.6m at 31 March 2012), which excludes €4m received from INEOS after the period end following their subscription for 24 million new shares in Accsys; and • Decrease in the loss before tax by 14% to €5.4m (2011: €6.3m).
http://www.rns-pdf.londonstockexchange.com/rns/6567R_1-2012-11-21.pdf
RNS http://www.accsysplc.com/wp-content/uploads/2012/10/20121019-Accsys-Ineos-JV.pdf
Might get an RNS tomorrow regarding the shares issued to INEOS... "INEOS Industries Holdings Limited has subscribed for 23,529,412 new ordinary shares in Accsys, at a price of €0.17 per share. Admission of these shares onto the London Stock Exchange and Euronext Amsterdam markets is expected to take place no later than 19 October 2012 following receipt by Accsys of subscription monies totalling €4,000,000. http://www.accsysplc.com/wp-content/uploads/2012/10/20121008-Accsys-Ineos-JV.pdf
Hi, these shares are priced in Euros - current price is 16 cents - about 12.9p at todays exchange rate. Agree with the current pricing of the products being high. On one of the teleconferences last year, a question was asked about the pricing model of Accoya for a new house build - the owner chose Oak as a cheeper option to Accoya. So plenty of choices before the product becomes a first option. Hopefuly production volume will reduce the costs to the consumer.
http://www.accsysplc.com/wp-content/uploads/2012/10/20121001-Board-Changes.pdf
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.
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.
September 2011 Interim Financial Statements 30 November 2011 Accsys Technologies PLC, the environmental science and technology company, today released its Interim Results for the six months ended 30 September 2011. There will be a presentation relating to these results at 10:00 GMT today, Wednesday 30 November 2011. The presentation will take the form of a web based conference call, details of which are below: Webcast link: copy and paste ALL of the following text into your browser: http://www.media-server.com/m/p/637mgpg4