Accsys Technologies PLC (www.accsysplc.com) is an environmental science and technology company whose primary focus is on the production of Accoya® acetylated wood and technology licensing via its wholly owned subsidiary, Titan Wood Limited.
Financial Highlights
· Revenue of €31.2 million (2008: €27.3 million)
· Significant further investment in the business to prepare for growth and future opportunities reflected in pre-tax profit of €1.8 million (2008: €5.4 million)
· Net profit of €5.4 million (2008: €4.1 million)
· Earnings per share of €0.035 (2008: €0.027)

Operational Highlights
· Development of Arnhem facility increasing capacity by 33%
· Tricoya® wood elements brand launched
· Joint Development Agreement with Medite Limited for Medium Density Fibreboard
· Current License Agreements for 650,000m3 and License Option Agreements for 420,000m3

· Expectations of additional license options and agreements in 2009/2010
· Expansion of trading agreements including into North America
· Paul Clegg appointed as non-executive director
· Appointed Matrix Corporate Capital, Nominated Adviser and Broker

Executive Chairman, Willy Paterson-Brown, said, “In challenging economic circumstances we have made good progress in many areas this year. Our Accoya® wood product continues to gain strong brand recognition on a growing international stage and we have successfully launched Tricoya®, our second brand. We continue to work on developing new territories and partnerships and have invested in the business to prepare for this growth. We have established ourselves as a leading ‘sustainable’ business and are positioning ourselves to take advantage of the significant changes facing the wood industry as environmental legislation starts to impact historic practices. This is an exciting time for us.”

The audited financial statements for the year ended 31 March 2009 follow.

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