- Accsys specialises in environmentally friendly and sustainable wood products. The company's main product, Accoya, uses a patented process to convert sustainably grown softwoods into a more durable material which can be used for everything from beach houses to harmonicas.
- 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 insects, without - unlike conventional treatments - making it toxic.
- Latest trading update - http://www.stockopedia.com/news/announcement/AXS/090217axs4551n.htm - indicated that the Group "continues to make steady progress despite the global economic uncertainties and the challenging market conditions.. Our focus has been to try to mitigate the impact of the global economic slowdown by continuing to develop additional markets for the sale of Accoya®. In particular, we have established distribution agreements in the key North American market with UCS Forest Products, the Bella Vista division of window and door producer Loewen and East Teak Fine Hardwoods Inc"
- Collins Stewart argued that the statement "highlight[ed] the fact that the Group is not immune from the headwind of the Global recession, with 3rd party projects delayed and no further licence news... Large potential licensees will effectively look at the Accsys proposition as discretionary capital expenditure and a number of these (especially in the building materials or forestry industry) have financial problems of their own.
http://www.guardian.co.uk/business/marketforceslive/2009/feb/06/2
http://www.smallcapnews.co.uk/article/Cleantech_on_AIM/6632.aspx
