Financial Highlights
· Revenue of €9.3 million (2008: €17.9 million) and a pre-tax loss of €8.0 million (2008: profit of €0.2 million) in the period
· Restructuring costs of €0.9 million, reducing headcount from 126 to 102
· Net cash position of €9.5 million (2008: €29.6m)

Operational Highlights
· Paul Clegg appointed as CEO
· Willy Paterson-Brown to assume the role of non-executive Chairman
· Additional distribution agreements including Universal Forest Products Inc, making a total of 12 distribution agreements and 2 agency agreements
· Further improvements to Arnhem facility including automation of wood handling systems
· The first test runs of Tricoya® MDF produced

Paul Clegg, CEO of Accsys, commented:
“Whilst the economic climate has clearly affected the timing of our licensing revenue, we have successfully continued the expansion of our global network of distributors and it is encouraging to see the increasing demand for our Accoya® wood. In addition, the recent changes to management and operations have given us a clear focus and a more appropriate cost base from which to grow the business.”