Accsys Technologies PLC (“Accsys” or “the Company”), the company behind the successful Accoya® acetylated solid wood brand, announces that its wholly owned subsidiary, Titan Wood Limited (“Titan Wood”), is poised to launch new technology that will target the substantial wood-based composites market.

The technology, branded Tricoya™, significantly improves the durability and dimensional stability of materials such as wood chips, fibres and particles which are the main ingredients in wood-based board and panel end-products, including medium-density fibreboard (MDF), Oriented Strand Board (OSB) and particleboards. Such products are widely used in a range of applications in the construction, furniture, and other industries but are generally not suited to exterior applications due to lack of dimensional stability (swelling and shrinkage) and poor durability. Research conducted by Titan Wood has shown that the inclusion of Tricoya™ wood-based composite materials significantly improves dimensional stability and durability, allowing wood-based composites to be used in new and challenging applications, including those used outdoors, for the first time. Tricoya™ wood composite materials are also, like Accoya® wood, sustainably sourced, non-toxic and recyclable.

Accsys will license Tricoya™ technology to end-product manufacturers around the world who will develop new, high performance wood-based composite products with “Tricoya™ inside” for use in new markets and applications. Tricoya™-based products will be used for façade cladding/siding, fascias and soffit panels, window components, wet interiors (steam/wet rooms, saunas, bathrooms, swimming pools, etc.), counter tops, moulded door skins, play equipment frames, exterior composite materials, signage, shades, shutters and more.

Finlay Morrison, Chief Executive Officer of Accsys, said,”Tricoya™ marks the first major technological breakthrough in the wood composites industry in more than three decades. It is a logical development of Titan Wood’s proprietary solid wood acetylation technology and will enable the Company to expand its licence base; the combined global MDF, Particleboard, and OSB market is estimated to be well over 150 million m3 and there is great potential for Tricoya™ technology in other markets. Early indications from manufacturers are that high performance wood-based composites will revolutionise the ways and situations in which boards and panels can be used. It is finally possible for manufacturers to develop products which are stable, durable and environmentally sound. The scope for innovation, now possible using Tricoya™ acetylated materials, is considerable.”