Accsys Tech Regulatory News (AXS)

11 Mar 2008 07:00

Accsys Technologies PLC11 March 2008 11th March 2008 AIM: AXS NYSE Euronext Amsterdam: AXS Accsys' Titan Wood Subsidiary Signs Norwegian Agency Agreement Accsys Technologies PLC ("Accsys" or "the Company") announces that its 100%owned subsidiary, Titan Wood Limited ("Titan Wood"), has signed an agencyagreement with OggeTre A/S ("OggeTre"). OggeTre will be the sole agent for thepromotion and sale of the Accoya(R) wood in Norway. OggeTre director, Robert Braten, said, "We have established a new companyspecifically to market Accoya(R) wood and to manufacture Accoya(R) wood joinerycomponents. Having conducted our own tests on Accoya(R) wood, we are satisfiedthat it answers the demand for a durable, dimensionally stable wood for doors incoastal areas of Norway where humidity causes swelling in winter. We also expectthe added benefit of increased coating life on windows and cladding to offer astrong competitive advantage in this market. We are delighted to have securedthis agreement with Titan Wood." Titan Wood's European Business Development Manager, Justin Peckham, added, "Early on in our discussions we established that there is good potential forAccoya(R) wood in Norway. With the directors of OggeTre also being directors ofVatnestrom Trevarefabrikk (www.vatnestrom-trevare.no), manufacturers of windowsand doors, there is an excellent synergy and a wealth of experience within thecompany. It is exciting to see Accoya(R) wood being made available in Norway." OggeTre will be supplied from Titan Wood's Accoya(R) wood production facility inArnhem, the Netherlands. ENDS For further information, please contact: Accsys Technologies PLC William Paterson-Brown, +44 (0) 20 8150 8836/ Executive Chairman +44 (0) 20 8144 2510 Collins Stewart Europe Limited Tim Mickley / Michael O'Brien +44 (0) 20 7523 8000Parkgreen Communications Justine Howarth / +44 (0) 20 7851 7480 Bex Sanders-HewettCitigate First Financial B.V. Wouter van de Putte / Laurens + 31 (0) 20 575 4080 Goverse Notes to Editors: OggeTre A/S / Vatnestrom TrevarefabrikkOggeTre has been established by the directors of Vatnestrom Trevarefabrikk withthe sole purpose of promoting and selling Accoya(R) wood in Norway. VatnestromTrevarefabrikk (www.vatnestrom-trevare.no) is a leading Norwegian door andwindow manufacturer based in Vatnestrom. Titan Wood Limited (www.titanwood.com) is a wholly owned subsidiary of theAccsys Technologies PLC (www.accsysplc.com) group of companies. AccsysTechnologies PLC is listed on the London Stock Exchange AIM market and onEuronext Amsterdam by NYSE Euronext, under the symbols 'AXS'. Accoya(R) wood (www.accoya.info) is produced using a patented process thateffectively converts sustainably grown softwoods and non-durable hardwoods intowhat is best described as a 'new wood species' via acetylation. Distinguished byits durability, dimensional stability and, perhaps most importantly of all, itsreliability (in terms of consistency of both supply and quality), Accoya(R) woodis particularly suited to exterior applications where performance and appearanceare valued. Unlike most tropical and European hardwoods, its colour does notdegrade when exposed to ultraviolet light. Moreover, the Accoya(R) woodproduction process does not compromise the wood's strength or machinability. Thecombination of UV resistance, dimensional stability, durability and retainedstrength means that Accoya(R) wood offers a wealth of new opportunities toarchitects, designers and specifiers. For marine uses where weight is alsoimportant, Accoya(R) wood for the first time provides boat builders with a woodthat is strong, lightweight, durable and which retains its natural beauty forfar longer. Wood Acetylation is a process, which increases the amount of 'acetyl' moleculesin wood, thereby changing its physical properties. The process protects woodfrom rot by making it "inedible" to most micro-organisms and insects, without -unlike conventional treatments - making it toxic. It also greatly reduces thewood's tendency to swell and shrink, making it less prone to cracking andensuring that when painted it requires dramatically reduced maintenance. ACCOYA(R) and the Trimarque Device are registered trademarks owned by Titan WoodLimited and may not be used or reproduced without written permission. This information is provided by RNS The company news service from the London Stock Exchange