TIDMAXS
RNS Number : 7865A
Accsys Technologies PLC
15 October 2009
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| 15th | AIM: AXS |
| October | |
| 2009 | |
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| | NYSE |
| | Euronext |
| | Amsterdam: |
| | AXS |
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North American Distribution Partners
WDMA Hallmark Certification Approved
Accsys Technologies PLC ("Accsys" or "the Company")
Accsys is pleased to announce that it has reached agreement with a number of
distribution partners in North America as it continues to focus on its sales
network. The list of partners includes Universal Forest Products, Inc., a NASDAQ
listed company which had over US$2 billion of sales last year.
Following initial product certification and introduction, the Company is now
effectively scaling its capabilities in key markets. As well as driving sales,
distribution partners will provide greater market penetration in existing and
new application segments for the Company's product, increasing awareness of the
Accoya brand amongst end users. As use of Accoya wood becomes more widespread
this will, in turn, produce greater licensing opportunities.
The Company is also in discussions with several other distributors in various
international geographies as we look to expand our market.
The Company is also delighted to announce that Titan Wood, a wholly owned
subsidiary of Accsys, has been approved by the Window and Door Manufacturers'
Association (WDMA) as a Hallmark Certified Supplier. This rating certifies the
quality of exterior millwork and gives government and private agencies a method
of identifying windows and doors that are manufactured in accordance with the
WDMA's highest standards. The WDMA Hallmark is a mark of excellence among
architects, contractors and other specifiers. Products eligible for Hallmark
certification are subjected to a rigorous verification process in order to
ensure conformance with the requirements of the WDMA.
Paul Clegg, Chief Executive Officer, of Accsys, stated, "North America is a key
market in the wood products industry. The certification from WDMA and commitment
from leading distributors provides further validation of the quality of our
product and creates greater awareness of the brand. I look forward to announcing
additional partners in other territories in the near future."
- ENDS -
For further information, please contact:
+----------------+-------------------------------------+------------------+
| Accsys | Paul | +44 20 8150 8835 |
| Technologies | Clegg, | |
| PLC | CEO | |
| | Kevin | |
| | Wood, | |
| | CFO | |
| | | |
+----------------+-------------------------------------+------------------+
| Matrix | Stephen | +44 20 3206 7000 |
| Corporate | Mischler | +44 20 7653 9850 |
| Capital | Anu | |
| LLP | Tayal | |
| Threadneedle | Graham | |
| | Herring | |
| Communications | Josh | |
| | Royston | |
| | graham.herring@threadneedlepr.co.uk | |
| | josh.royston@threadneedlepr.co.uk | |
+----------------+-------------------------------------+------------------+
| | | |
+----------------+-------------------------------------+------------------+
| Citigate | Wouter | + 31 20 575 4080 |
| First | van de | |
| Financial | Putte | |
| B.V. | Laurens | |
| | Goverse | |
+----------------+-------------------------------------+------------------+
Notes to Editors:
Titan Wood (www.titanwood.com) is a wholly owned subsidiary of the Accsys
Technologies PLC (www.accsysplc.com) group of companies. Accsys Technologies PLC
is listed on the London Stock Exchange AIM market, and on Euronext Amsterdam by
NYSE Euronext, under the symbols 'AXS'.
Wood Acetylation is a process, which increases the amount of naturally present
'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.info) is produced by using a patents-pending 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.
ACCOYA is a registered trademark owned by Titan Wood Limited
This information is provided by RNS
The company news service from the London Stock Exchange
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