AIM: AXS
NYSE Euronext Amsterdam: AXS
14 March 2013
ACCSYS TECHNOLOGIES PLC
("Accsys" or the "Company")
Director Information
Accsys, the environmental science and wood technology company, announces the retirement and resignation of Lord Sanderson of Bowden as a Non-Executive Director of Accsys with effect from 31 March 2013.
Lord Sanderson, who will be 80 next month, was appointed to the Board of Accsys in August 2007 and served until last year as Chairman of the Company's Nomination and Remuneration Committee.
Gordon Campbell, Chairman of Accsys, commented:
"Lord Sanderson has been a tremendous asset for the Company for over five years. His support and commitment to the Board has been of great value and he will be much missed. We wish him the very best in his well earned retirement from Accsys."
In addition and further to Accsys' announcement of 20 February 2013, the Company confirms that Mr Paul Clegg continues to have a beneficial interest in 2,241,310 Shares (either directly or indirectly, including through other members of Mr Clegg's immediate family) as opposed to 2,204,947 Shares as previously announced.
Ends
For further information, please contact:
Accsys Technologies PLC |
Paul Clegg, CEO Hans Pauli, COO Will Rudge, FD |
via Blythe Weigh Communications |
Numis Securities |
Nominated Adviser: Oliver Cardigan Corporate Broking: Christopher Wilkinson Ben Stoop |
+44 (0)20 7260 1000 |
Blythe Weigh Communications |
Tim Blythe Paul Weigh |
+44 (0)20 7138 3204 +44 (0) 7816 924626 +44 (0) 7989 129658 |
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 subsidiary, Titan Wood Limited, which has manufacturing operations in Arnhem, the Netherlands (through its subsidiary Titan Wood B.V.), a European office in Windsor, United Kingdom, and an American office in Dallas, Texas (via its subsidiary Titan Wood, Inc). All group subsidiaries are ultimately 100% owned by Accsys and trade as Accsys Technologies. Any references in this announcement to agreements with Accsys shall mean agreements with either Accsys or its subsidiary entities unless otherwise specified. 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) Accoya® wood production; (ii) technology development, focused on a programme of continuous development of and improvements to the process engineering and operating protocols for the acetylation of solid wood 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.
Accoya® wood (www.accoya.com) is produced using Accsys' proprietary patented acetylation technology, 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. For marine uses where weight is also important, Accoya® wood for the first time provides boat builders with a wood that is strong, lightweight, durable and retains its natural beauty for far longer. For a full archive of Accoya® news, visit www.accoya.com/news.asp.
Tricoya® Wood Elements(www.tricoya.com) are produced using Accsys' proprietary technology for the acetylation of wood 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. Exploitation of Accsys' proprietary technology relating to Tricoya® Wood Elements is carried out through Tricoya Technologies Limited, a joint venture between Accsys and INEOS Industries Holdings Limited. Tricoya® Wood Elements are 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. When carried out to a sufficient level throughout the wood, this process protects wood from rot by making it "inedible" to most micro-organisms and fungi, 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.
Accsys Technologies is the trading name of Titan Wood Limited. ACCOYA®, TRICOYA® and the Trimarque Device are registered trademarks owned by Titan Wood Limited ("TWL"), a wholly owned subsidiary of Accsys Technologies PLC, and may not be used or reproduced without written permission from TWL, or in the case of the Tricoya® registered trademark, from Tricoya Technologies Limited, a joint venture between TWL and INEOS Industries Holdings Limited with exclusive rights to exploit the Tricoya® brand.
