Last checked at 27 Jul 2010 10:31
27 July 2010
AIM: AXS
NYSE Euronext Amsterdam: AXS
ACCSYS TECHNOLOGIES PLC
Results of 2010
Annual General Meeting
The Board of Accsys Technologies PLC announces that its Annual General Meeting was held at 9.00 a.m. (UK time) this morning. All resolutions, as set out in the Notice of Annual General Meeting, dated 2 July 2010 were duly passed.
Ends
| For further information, please contact: | ||
| Accsys Technologies PLC | Paul Clegg, Chief Executive Officer Hans Pauli, Chief Financial Officer | +44 20 8150 8835 +31 26 366 1408 |
| Matrix Corporate Capital LLP
| Stephen Mischler Anu Tayal | +44 20 3206 7000
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| Threadneedle Communications
| Graham Herring Josh Royston graham.herring@threadneedlepr.co.uk josh.royston@threadneedlepr.co.uk | +44 20 7653 9850 |
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| Citigate First Financial B.V. | Wouter van de Putte Menno Delken | + 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, which has manufacturing operations in Arnhem, the Netherlands, a uropean office in London and an Americas office in Dallas, Texas. Accsys Technologies PLC is listed on the London Stock Exchange AIM market, and on Euronext Amsterdam by NYSE Euronext, under the symbols 'AXS'. Accsys' operations comprise three principal business units: (i) the Accoya® wood production facility; (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 elements; and (iii) the licensing of technology for the production of Accoya® wood and Tricoya® wood elements across the globe.
Wood Acetylation is a process which increases the amount of 'acetyl' molecules in wood, thereby changing its physical properties. The 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.
Accoya® wood (www.accoya.com) is produced using a patented process that effectively converts sustainably grown softwoods and non-durable hardwoods into what is best described as a "high technology wood". 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 tropical and European hardwoods, its colour does not degrade when exposed to ultraviolet light. Moreover, the Accoya® wood production process does not compromise the wood's strength or machinability. The combination of UV resistance, dimensional stability, durability and retained strength means that Accoya® wood offers a wealth of new opportunities to architects, designers and specifiers.
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 that were once limited to solid wood or man-made products. Tricoya® is lauded as the first major innovation in the wood composites industry in more than 30 years.
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®, and the Trimarque Device are registered trademarks owned by Titan Wood Limited, part of Accsys Technologies PLC, and may not be used or reproduced without written permission.