Last checked at 30 Apr 2009 07:00
30th April 2009 AIM: AXS
NYSE Euronext Amsterdam: AXS
Accsys Technologies PLC
Directorate changes
Accsys Technologies PLC (the "Company") announces the appointment of Paul Hugh Anthony Clegg to the Board with effect from 29 April 2009. Paul Clegg, aged 48, has joined the Board as a non-executive director.
Paul was previously Managing Director and Chief Executive Officer of Cowen International Limited and director of Cowen Asset Management Limited until June 2008 and is currently a director of Clegg Enterprises Limited. Paul brings over twenty years' senior investment banking experience to the Company.
In accordance with the AIM Rules for Companies, the Company confirms that there is no further disclosure obligation required, pursuant to Rule 17, Schedule Two, Paragraph (g).
ENDS
For further information, please contact:
| Accsys Technologies PLC | William Paterson-Brown, Executive Chairman | +44 20 8150 8835 |
| Matrix Corporate Capital LLP Threadneedle Communications | Stephen Mischler Anu Tayal Graham Herring Josh Royston graham.herring@threadneedlepr.co.uk josh.royston@threadneedlepr.co.uk | +44 20 3206 7000 +44 20 7653 9850 |
| Citigate First Financial B.V. | Wouter van de Putte Laurens Goverse | + 31 20 575 4080 |
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 (www.titanwood.com), which has manufacturing operations in Arnhem, the Netherlands, a European office in London and an Americas office in Dallas, Texas. Accsys' 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 patented, non-toxic process that effectively converts sustainably grown softwoods and non-durable hardwoods into what is best described as a "new wood species" 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 Titan Wood's 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® and the Trimarque logo are registered trademarks owned by Titan Wood Limited. TRICOYA™ and the Elements logo are trademarks owned by Titan Wood Limited. These may not be used or reproduced without written permission.