Last checked at 8 Sep 2011 15:25
AIM: AXS
NYSE Euronext Amsterdam: AXS
8 September 2011
ACCSYS TECHNOLOGIES PLC
("Accsys" or the "Company")
Annual General Meeting
The Board of Accsys Technologies PLC announces that its Annual General Meeting was held at 2.00 p.m. (UK time) today. All resolutions, as set out in the Notice of Annual General Meeting, dated 11 July 2011 were duly passed.
Ends
For further information, please contact:
Accsys Technologies PLC | Paul Clegg, CEO Hans Pauli, CFO | via Citigate Dewe Rogerson |
Matrix Corporate Capital LLP
| Stephen Mischler Nick Stone Edmund Glover | +44 20 3206 7000
|
Numis Securities Limited | Christopher Wilkinson Ben Stoop | +44 20 7260 1347 +44 20 7260 1410 |
Citigate Dewe Rogerson | Ginny Pulbrook Malcolm Robertson Suzanne Bakker | +44 20 7282 2945 +44 20 7282 2867 +31 20 575 4023 |
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. Accsys Technologies is the trading name of each of the companies within the Accsys Technologies PLC group.
Accoya® Wood (www.accoya.com) 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. Moreover, the Accoya® wood production process does not compromise the wood's strength or machinability. The combination of 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.
Accsys Technologies is the trading name of Titan Wood Limited. ACCOYA®, TRICOYA® and the Trimarque Device are registered trademarks owned by Titan Wood Limited and may not be used or reproduced without written permission.