Accsys Tech Regulatory News (AXS)

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18 November 2010

ACCSYS TECHNOLOGIES PLC("Accsys" or "the Company")

Board Change

Accsys is delighted to announce that Patrick Shanley has joined the Board of the Company as a Non-Executive Director with effect from today's date. Patrick has extensive board room experience in the chemicals sector, having previously been Chief Financial Officer of Courtaulds plc and Acordis bv and Chief Executive Officer of Corsadi bv. Patrick is currently Chairman of Corsadii bv and Cordenka Investments bv, being the two remaining Acordis operating entities controlled by CVC Capital Partners. 

Gordon Campbell, the Company's Chairman, commented:

"We are absolutely delighted that Patrick has joined the Board. I have no doubt that his thorough knowledge of the chemicals industry will add considerable value to the Board, given the importance of acetyls in Accsys's proprietary wood and wood fibre acetylation processes."

The Company also confirms that Kevin Wood has resigned as a Non-Executive Director of the Board with effect from today's date.

Paul Clegg, the Company's Chief Executive Officer, commented:

"We are extremely grateful to Kevin for his support since stepping down as Chief Finance Officer in April of this year. This has ensured an extremely smooth transition to our new CFO, Hans Pauli, who is now well established within the Group. I would like to thank Kevin once again for all his valued work during his tenure with the Company."

The following disclosures are required regarding Mr Shanley's appointment pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies:

There are no further disclosures required to be made in respect of the appointment under Schedule 2(g) of the AIM Rules for Companies.

Ends

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Notes to editors:

Accsys Technologies PLC (www.accsysplc.com) is an environmental science and technology company whose primary focus is on the production of Accoya® wood and technology licensing via its 100% owned subsidiary, Titan Wood Limited, which has manufacturing operations in Arnhem, the Netherlands, a European office in London and an Americas office in Dallas, Texas. Accsys Technologies' operations comprise three principal business units: (i) the Accoya® wood production facility located in Arnhem, The Netherlands; (ii) technology development, focused on a programme of continuous improvements to the process engineering and operating protocols for the acetylation of wood which are currently under development and the development of technology for the acetylation of wood fibre; and (iii) the licensing of technology for the production of Accoya® wood and Tricoya® wood elements across the globe.

Accoya® Wood (www.accoya.info) is produced by using a proprietary, non-toxic process that effectively converts sustainably grown softwoods and non-durable hardwoods into what is best described as a "high technology wood" via acetylation. Distinguished by its durability, dimensional stability and, perhaps most importantly of all, its reliability (in terms of consistency of both supply and quality), Accoya® wood is particularly suited to exterior applications where performance and appearance are valued. Unlike most woods, its colour does not degrade when exposed to sunlight. Moreover, the Accoya® wood production process does not compromise the wood's strength or machinability. The combination of UV resistance, dimensional stability, increased coatings life, durability and retained strength means that Accoya® wood offers a wealth of new opportunities to architects, designers and specifiers. Leading applications include external doors and windows, shutters/shading, siding and cladding, decking, outdoor furniture/equipment and glulam beams for structural use. 

Tricoya® Wood Elements (www.tricoya.com) is Accsys Technologies' proprietary technology for the acetylation of wood fibres, chips, and particles for use in the fabrication of wood based composites, including panel products. These composites demonstrate enhanced durability and dimensional stability which allow them to be used in a variety of applications which were once limited to solid wood or man-made products. Tricoya® Wood Elements is lauded as the first major innovation in the wood composites industry in more than 30 years.

Wood Acetylation is a process, which increases the amount of 'acetyl' molecules in wood, thereby changing its physical properties. The environmentally responsible 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. Acetylated wood's increased durability offers major carbon sequestration advantages, compared to other woods and man-made building materials such as steel, vinyl, and plastic.

Wood Composites include a range of derivative wood products which are manufactured by binding together the strands, particles, fibres, or veneers of wood together with adhesives to form composite materials. These products are engineered to precise design specifications which are tested to meet national or international standards.

ACCOYA®, TRICOYA®, the Trimarque Device and the Elements logo are registered trademarks owned by Titan Wood Limited and may not be used or reproduced without written permission.