Accsys Technologies Share Discussion Threads

[pdpoms] 28/6/2014 14:49

Article in South China Morning Post:

"Accsys' cutting-edge acetylation technology reinforces wood's strengths"

PUBLISHED : Monday, 16 June, 2014, 2:09pm

Reports by Mia Daughenbaugh and David Bell


As environmental awareness increases worldwide, the market for green technologies and products, including sustainable building materials, has also seen significant growth. World-leading wood modification company Accsys Technologies has taken a key role in advancing the green movement in construction with the commercialisation of Accoya, a revolutionary wood solution.

"Accoya is the result of our commitment to provide the global architectural community a sustainable yet high-performing and cost-competitive alternative to traditionally used construction materials," says CEO Paul Clegg. "With its remarkable performance attributes and aesthetic qualities, Accoya is fast becoming the industry standard."

Accoya is manufactured using a proprietary, acetylated wood modification technology pioneered and patented by Accsys. This results in a durable, dimensionally stable, non-toxic and rot-resistant wood product that can be used for exterior applications such as window frames, decking, cladding, doors, façades, and structural and architectural bridges.

Accoya's outstanding level of performance is backed by several independent research organisations, including the Building Research Establishment and the Timber Research and Development Association. Produced by Accsys' subsidiary production facility in Arnhem, the Netherlands, this wood product comes with a 50-year above-ground and 25-year below-ground warranty against rot and decay.
Accoya's environmental performance is showcased by its Cradle to Cradle Gold certification from consultancy firm McDonough Braungart Design Chemistry and numerous ecological accolades. Made from sustainably grown timber, Accoya has been rated carbon negative and is recognised under the Leadership in Energy and Environmental Design accreditation system.

"We are seeing increasing adoption of Accoya, showing that it offers added benefits," Clegg says. Accoya has been the material of choice in a range of commercial, civil engineering and private projects in differing environmental settings in 58 countries around the world.

Its performance credentials have led to inspiring applications such as in velodromes, water sculptures and sundials.

Accsys has expanded the use of its proprietary acetylation technology to the production of Tricoya wood elements, including chips, fibres and particles. Touted as the first major innovation in wood composites in more than 30 years, Tricoya enables fabrication of reliable and dimensionally strong panel products for challenging indoor and outdoor applications. Tricoya Technologies, an equal joint venture between Accsys and chemical major INEOS, is overseeing the further development and global commercialisation of the Tricoya technology.
"Being manufactured for several years, Tricoya is an evolution of Accoya," Clegg says. "Tricoya opens up new possibilities for composite manufacturers, designers and the building industry in general."

Striving to maintain its sustainability position, Accsys has unveiled Accoya Alder. Made from sustainably sourced North American red alder, this Accoya variant has improved durability, stability and hardness, and is ideal for making cabinetry, flooring and outdoor furniture.

With 50 distribution or agency agreements in place, Accsys' wood solutions are available in most of Europe, North America, Australia, New Zealand, Chile, India, Israel, Morocco, and parts of East and Southeast Asia. The company remains open to signing additional distributors, especially in Asia, as it seeks more partners to advance its objective of building more environmentally responsible and efficient structures.

Accsys is keen on solidifying its presence in Asia, as the region is forecast to become the world's fastest-growing construction market by 2020. "We see enormous opportunities in Asia, especially China, with the concept of sustainability already well-grasped in the region," Clegg says.

The Accoya technology and processes are available for licensing to interested parties intending to establish their own production sites and markets. For Tricoya, licensees will have the opportunity to supply long-lasting, eco-friendly acetylated wood elements to new and existing customers.

"We are a full partner to our licensees and distributors," Clegg says. "We will share with them our journey - from a research and development firm focused on technology into a full-fledged producer with manufacturing expertise and marketing know-how."

Accsys Technologies
www.accsysplc.com

[timberwolf] 27/6/2014 13:51

Looks like you stirred the nest Jerry ;-)

TIDMAXS

RNS Number : 7467K

Accsys Technologies PLC

27 June 2014

AIM: AXS

NYSE Euronext Amsterdam: AXS

27 June 2014

ACCSYS TECHNOLOGIES PLC

("Accsys" or the "Company")

Notice of Results

Accsys Technologies PLC, the environmental science and technology company, will be releasing its Preliminary Results for the year ended 31 March 2014, on Thursday 3rd July at 7:00am BST.

There will be a presentation for analysts and investors relating to these results at 10:00 BST on Thursday 3rd July 2014. The presentation will take the form of a web based conference call, details of which are below:

Webcast link: Click here or copy and paste ALL of the following text into your browser:

hxxp://www.media-server.com/m/p/hka6j6qk

Conference call details for participants:

Participant Telephone Number: [phone] (UK Toll)

Confirmation Code: 1861672

Participants will have to quote the above code when dialling into the conference.

Ends

[timberwolf] 26/6/2014 15:29

Cheers Jerry!

[ukjerry] 26/6/2014 15:11

PR Company says no date set yet but expects them to be 1st week of July.

[ukjerry] 26/6/2014 14:54

And I wonder why the Snavely deal wasn't released here?

[ukjerry] 26/6/2014 14:52

I've sent an SMS to their PR company asking that question just now!

[timberwolf] 26/6/2014 14:08

Does anyone know when the next Annual Financial Report & Preliminary Results are due? Last years were on the 25th June, so I assumed they would be around this time. I can't seem to find the information anywhere on the Accsys Technologies website.

[pdpoms] 25/6/2014 13:45

Accsys Technologies appointed Snavely Forest Products distributor of Accoya wood in the USA

Market: Panels
24 June, 14:11
Jun 25, 2014. /Lesprom Network/. Accsys Technologies, manufacturer of modified wood product Accoya, has appointed Snavely Forest Products as an official distributor of Accoya wood in the USA, as Timber In Construction said in the press release received by Lesprom Network.

The wholesale building material distribution company will increase the presence of Accoya across the USA from five strategic locations – Pennsylvania, Colorado, Texas, North Carolina, and Baltimore, Maryland.


Bryan Crennell, director of sales and marketing at Accsys Technologies, said: "We're extremely pleased to be able to announce the appointment of Snavely Forest Products as an official distributor of Accoya in the USA. This partnership has been months in the making and signals targeted expansions of Accoya in the USA. Snavely is a premium finished building products distributor and I believe Accoya's durable, stable and aesthetic qualities will prove popular with their customer network. We are also working with Snavely to develop new and exciting product offerings for their customers, details of which will be announced shortly."


Clark Spitzer, VP of marketing at Snavely Forest Products, added: "Accoya is an innovative wood material, with excellent performance properties that are ideal for the US market. Its durability, strength and stability make it particularly well suited to the range of applications for which we will develop. We expect to see its increased use in the American market over the coming months and years."

- See more at: hxxp://www.lesprom.com/en/news/Accsys_Technologies_appointed_Snavely_Forest_Products_distributor_of_Accoya_wood_in_the_USA_62586/#sthash.cY7dyfTA.dpuf

[timberwolf] 24/6/2014 13:49

Someone I know who sells Accoya says that it's still flying off the shelf and that they can't get enough (although that's slightly worrying in itself though!). Topped up on AXS today.

[hjfe] 07/5/2014 16:27

hxxp://www.-.com/content/small-cap-value-report-7-may-2014-vlx-npt-idea-ekf-axs-tri-asy-83187/


Accsys Technologies (LON:AXS)
We've only looked at this share once here, briefly on 12 Feb 2014 on a positive trading statement. My view then was that it looked expensive, but potentially interesting, due to high growth kicking in.

There's another trading update today, covering the year ended 31 Mar 2014, and it sounds interesting. Total revenue has risen 78% to E33.5m, which seems to be organic growth - not often you see that type of growth rate.

It appears to still be loss-making, although at a reduced extent;



The overall loss for the year has reduced as expected, due to the higher revenue and resultant improvement in profitability. However, other operating costs have also increased, in part due to legal costs associated with the on-going Diamond Wood arbitration.



What interests me here is that this could be an example of a company in the early stages of growth, into potentially huge markets. It makes a new type of engineered wood called Accoya, with technical advantages over conventional wood, e.g. resistance to UV light, durability, consistency of quality, etc. I'm not qualified to judge any of that, so to verify that a product does what it's meant to do, I tend to just look for rapidly increasing sales, and partnerships with big, quality companies, both of which are in evidence here.

An additional factory is to be built by Solvay (a large Belgian chemicals company), to manufacture Accoya under licence, which should reduce the capex requirement, and accelerate growth. The outlook comments are light on specifics, but indicate that the company is close to profitability;



The year has seen a step change in the scale of our business. The extensive efforts we have put into marketing and promoting our world leading products is now being borne out by our sales volume growth as our products gain wider market acceptance.

While the global market opportunity for our products remains vast, I am conscious that Accsys remains at an early stage of its long-term journey, with much still to be achieved. However, the progress we have made during the past financial year, in sales, licensing and the significant increase in our production levels, provides me with increased confidence that we are on the right path and will achieve our objective of profitability in the near-term



All of which sounds interesting. The cash position seems OK, with net cash of E15.2m at 31 Mar 2014 actually having risen since 31 Dec 2013, due to de-stocking and licence revenues received. That bank balance looks enough to hopefully mean that a dilutive fundraising is not required.

With 439.2m shares in issue, and a share price of E0.225 it's not cheap, at a market cap of E98.8m, which translates into a sterling market cap of £81m. I think my previous report was wrong, as I missed the fact that the share price is quoted in Euros, and hence mistakenly thought the mkt cap was £100m, so my apologies for that schoolboy error. The shares have a dual listing on AIM, and NYSE Euronext Amsterdam.

It's certainly got a speculative element, but have to say I rather like it, so have picked up a little stock today for the growth part of my portfolio. It's difficult to value, but I like the move towards profit, the rapid % growth, cash in the bank, and the large potential market size. Perhaps any readers who have dug deeper into this share could add some comments below?





- See more at: hxxp://www.-.com/content/small-cap-value-report-7-may-2014-vlx-npt-idea-ekf-axs-tri-asy-83187/#sthash.nx2fdDxJ.dpuf

[ukjerry] 07/5/2014 13:55

It's the licensing side of the biz that models well. cf. ARM Holdings!

[hjfe] 07/5/2014 13:38

Volume building nicely here - time to add.

[red army] 07/5/2014 08:54

Added to my position with initial 40c target

[this_is_me] 07/5/2014 07:58

Ahead of forecasts, loss continues to reduce as turnover increases. Turnover more than doubled in 2 years. Current forecasts for next year look as if they will be well beaten.

[brightontrader] 03/4/2014 14:03

Every dog has its day and this could be this ones year. Been a long time coming. Seeing a gentle rise on low volume. A bit more publicity on the company not the product could see significant rises.

They used to treat this company like a tech stock instead of burn on development it was on marketing, the word burn itself used in this context is scary, maybe now they can see profit somewhere ahead the running will be more sensible.

The comments on ths board reflect my experiences 100% with new timbers, fast kiln dried, no long term curing, twisting, shrinking. The real competition now are engineered timber technologies, which are good....

[caradog] 31/3/2014 07:51

Link to article in Sunday Telegraph:

[reval] 30/3/2014 22:04

Good article in today's Sunday Telegraph, the treatment for the future in my opinion.

[2naive] 27/2/2014 14:54

Do you guys who are using it have any problems gluing it?

[nattagoza] 26/2/2014 12:13

brightontrader

wish I was going with you lucky sod

I run a construction business, we have started using Accoya as hardwoods tend to move to much due to moisture content,we convert a lot of older properties, we fit a lot of timber windows doors,Accoya is the product for the future

[2000nd] 18/2/2014 10:51

In our business we have to consider waste and bench time as well as the unit price to know what the comparable prices are. For example, European oak has a lot of waney edges so to get a straight board that you can work with you have to machine a lot of waste material off it. As a result we have to charge about 50% more to make a door in European oak compared with Accoya. Sapele comes in better boards and we charge 20% more than Accoya. Meranti is entry level hardwood and is about 20% less than Accoya but it can't cope with direct sunlight or wet weather any more so has limited applications (it used to be the timber of choice for a front door 10 years ago). Accoya arrives in pretty straight, consistent boards so is low on waste and therefore the price is competitive. Accsys reps are always surprised to hear that not every board is straight but we do get some that aren't which we send back, despite this it's still better than other timbers.

[caradog] 18/2/2014 08:52

Very informative 2000ND, thank you. How do the prices of Accoya and traditional hardwoods compare?

[2000nd] 18/2/2014 06:35

For anyone who is unsure about how important accoya is on the ground, I wanted to post about my own experiences with it.I run a company which makes high end, bespoke doors in London. In the past hardwoods such as meranti or sapele we're great for making external doors and buying a 'hardwood door' was seen as buying something of quality that would last. However the quality of hardwood coming into the UK has been declining steadily over the last 7-8 years. Incidences of brand new doors swelling and warping we're increasing and last year we reached a point were we could no longer guarantee any door made in any hardwood; timbers that have been used to make doors for decades such as meranti, sapele, oak. The only timber on the market that doesn't move is accoya and we can offer a guarantee on it with confidence. I know people who have similar experiences manufacturing windows. Quite simply, if accoya didn't exist we wouldn't have a business.Looking to the future I believe this is a global problem because timber arrives into the UK from the four corners of the globe. We get similar product to everyone else. I can't see how the quality of hardwoods can return to previous levels because the trees take decades to grow and current economic/ social pressures in hardwood producing regions simply won't allow producers to plan that far ahead. This is a relatively recent phenomenon and the arrival of accoya is timely to say the least!I expect many manufacturers of external timber products to be forced to rely on accoya just as we do, all over the world.

[timberwolf] 14/2/2014 09:44

Thanks for the link looky, although I would question whether it's a better technology compared with Accoya & Tricoya. I guess that with many of these products the proof of the pudding will be in the eating!

TIMBERWOLF

[brightontrader] 14/2/2014 08:51

The warm summer killed off the rainbows but the browns are still good, I have stocked a lot of carp as the very big lake weeded up too last year but I don't think it will spoil the trout fishing.

Ouse is not as high as the news would have you believe, my 2 small rivers here are coping with the spates, just.

Off to Kau Tapen in Teira Del Fuego next Friday for 12 days for the monster sea trout eh ha....1st holiday for a long while..

This share suddenly picked up, really surprised as I just dipped in and bought before the rise, wonder if I'll be investigated.

(I just felt confident finally its day was here....no real reason.)

[spudders] 14/2/2014 07:18

Bt, good to see your still about. This year I will get a chance to cast a few flies. How are your lakes, the Ouse has held up well. Tight lines, Spudders