TIDMAXS

RNS Number : 6173H

Accsys Technologies PLC

13 July 2012

AIM: AXS

NYSE Euronext Amsterdam: AXS

13 July 2012

ACCSYS TECHNOLOGIES PLC ("Accsys" or "the Company")

Director's Shareholding

The Board of Accsys announces that it was notified yesterday that Lord Sanderson, a Non-Executive Director of Accsys, purchased 35,000 ordinary shares of EUR0.01 each in Accsys (each a "Share") on 12 July 2012 at a purchase price of EUR0.17 per Share.

This purchase brings Lord Sanderson's total holding in Accsys to 50,761 Shares.

In addition, the Board of Accsys announces that it was notified yesterday that Lord Sanderson's spouse, Lady Sanderson purchased 35,000 Shares in Accsys on 12 July 2012 at a purchase price of EUR0.17 per Share.

ENDS

For further information, please contact:

 
 Accsys Technologies          Paul Clegg, CEO                    via Citigate 
  PLC                          Hans Pauli, CFO                    Dewe Rogerson 
                              Nominated Adviser: Oliver 
                               Cardigan 
                               Corporate Broking: Christopher 
                               Wilkinson                         +44 (0)20 7260 
 Numis Securities              Ben Stoop                          1000 
                              Ginny Pulbrook                     +44 20 7282 2945 
                               Malcolm Robertson                  +44 20 7282 2867 
 Citigate Dewe Rogerson        Suzanne Bakker                     +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(R) 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(R) 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(R) wood and Tricoya(R) 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 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.

Accoya(R) wood (www.accoya.com ) is produced using Accsys' proprietary 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(R) wood is particularly suited to exterior applications where performance and appearance are valued. Unlike most tropical and temperate hardwoods, its colour does not degrade when exposed to ultraviolet light. Moreover, the Accoya(R) 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(R) wood offers a wealth of new opportunities to architects, designers and specifiers. For marine uses where weight is also important, Accoya(R) 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(R) news, visit www.accoya.com/news.asp.

Tricoya(R) Wood Elements (www.tricoya.com ) are produced using Accsys' proprietary technology for the acetylation of wood chips and particles and are used 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(R) Wood Elements are lauded as the first major innovation in the wood composites industry in more than 30 years.

For an archive of news, visit www.accoya.com/news or www.accsysplc.com/news

This information is provided by RNS

The company news service from the London Stock Exchange

END

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