Accsys Technologies PLC (www.accsysplc.com) and Titan Wood B.V., its wholly-owned subsidiary (www.titanwood.com), are pleased to announce that, following the development and adoption of new breakthrough process improvements, they have succeeded in increasing production capacity by more than 33 percent, providing outstanding benefits for both Accsys and its licensee customers.

Titan Wood’s commercial-scale Accoya® wood modification facility was originally designed with an annual maximum production capacity of 30,000 cubic metres (“m3”). Through a mixture of fundamental process improvement upgrades as well as optimising existing processes, the Engineering, Research and Development, and Operations Departments have succeeded in significantly improving this capacity. As a result, the new interim design capacity for the Arnhem facility is now over 40,000 m3 per annum. While the focus of Titan Wood is on licensing its technology around the world, with the Arnhem facility foremost a technology demonstration plant, the additional 10,000 m3 of Accoya® wood will, in time, help to meet the ever increasing demand from potential markets on behalf of licensees.

The increased production capability will also further improve the Company’s economic value to potential technology licensees by providing a much greater capacity for the same level of capital expenditure, thereby leading to a substantial increase in Return on Capital Employed.

Finlay Morrison, CEO of Accsys Technologies, commented, “As is the case with any newly-commercialised technology, there is a learning curve to climb and further improvements to be made. With this breakthrough, we have taken a large step up that learning curve, greatly improving the economics and efficiencies of our process, and we believe that there is the potential for yet further improvements. We strive to produce our revolutionary Accoya® wood in a manner which is both cost-effective and eco-conscious. These improvements to our production technology reinforce our status as the leader in this exciting market and further confirm our commitment to sustainability and manufacturing excellence. This makes a great investment for our licensees even better.”

Stan French, CEO of Diamond Wood China, one of Titan Wood’s licensees, added, “ Titan Wood has done a great job of analyzing improvements in production and has taken great strides to reduce bottlenecks. The resultant enhancements dramatically improve the economics of manufacturing Accoya® wood, not only for themselves but also for licensees such as Diamond Wood. Any increases to the already attractive Project IRRs (Internal Rate of Returns) are very welcome.”

-ENDS-