Accsys Technologies Share Discussion Threads

[asmodeus] 17/11/2010 15:48

MH100 (Re: 1262) - any chance of a reply, please? (Perhaps the price was so out of line that its provoked this price fall?)

[damanko] 17/11/2010 15:01

10 November 2010

ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")

Further to the announcement of 21 October 2010 the Company confirms it has been, and continues to be, in close communication with Diamond Wood. The Company is pleased with the progress being made and a further announcement shall be made as and when appropriate.

Ends

Not happy with this announcement, given that Accsys & Diamond Wood have been in bed together for many years already. More smoke, and more mirrors, I feel ..

[outsider] 12/11/2010 08:26

Nothing but buys recently but price seems stuck.

[outsider] 11/11/2010 06:58

Research shows Accoya is more durable than teak and CCA-treated timber



New research has shown that Accoya modified wood is more durable than teak and CCA-treated wood.

Scion, formerly known as the New Zealand Forest Research Institute, conducted several fungus decay chamber and exterior ground tests on Accoya, merbau, cedar, teak and cypress, as well as CCA-treated timbers.

It found that after five years' exposure in the chambers and in the ground, Accoya was in much better condition than the other samples.

After 60 months, all Accoya stakelets were in good condition, with just two showing signs of minor decay, while three of the CCA-treated samples had failed and the remaining were in poor condition.

Cypress scored 3 out of 10, cedar 5, and Accoya 9.8.

Accsys Technologies, which owns the Accoya business, said the research shows that the product can be used for a wider range of applications than the current joinery, cladding, decking and external beam uses.

[outsider] 11/11/2010 06:56

Useful info from the old thread:

European Conference on Wood Modification 5
Riga, Latvia, Sept 19-21, 2010

As world leaders in the field of wood modification, Accsys Technologies the producer of high
technology Accoya® wood, was recently invited to present two papers at the fifth European Conference
on Wood Modification (ECWM5) in Riga.
The title "European" is a misnomer since there were 28
nations represented at the conference, with many American
and Asian delegates. With such a strong focus on wood
modification, ECWM5 is the only event of its kind in the world,
which explains why it attracts such a range of attendees from
commercial, governmental and academic organisations. Many
guests are widely-respected opinion leaders in their
geographies.
Accsys Technologies presented two papers at the conference.
The first, on modified wood structural considerations, and the
second focussed on how to effectively conduct a product environmental impact analysis. Both the
lectures and exhibition presence helped maintain and further Accsys Technologies' reputation for
technical leadership and innovative contribution to the modified wood industry. Reaction and feedback
to the papers clearly demonstrated that acetylation is still very much viewed as the gold standard in
wood modification by the world's experts in this area. A new study from Scion, formerly the New
Zealand Forest Research Institute, supports this popular opinion by concluding that Accoya® wood is
more durable than four of the most naturally durable wood species and in addition, more
durable than wood treated with CCA to ground contact specification

[outsider] 10/11/2010 11:34

· One-off non-cash impairment charges relating to Diamond Wood totalling €35.5 million.


from accounts,.....so that could have to be revalued.

[outsider] 10/11/2010 11:34

· One-off non-cash impairment charges relating to Diamond Wood totalling €35.5 million.


from accounts,.....so that could have to be revalued.

[outsider] 10/11/2010 11:32

In light of the amended Licence Agreement, and having consulted its auditors, BDO LLP, the Board of Accsys announces that it considers the net amount of €25.5m receivable relating to Diamond Wood may not be recoverable and that it should, therefore, be provided for. This provision reflects the expected change to Diamond Wood's business plan in respect of both the timing and the total capacity of the plant that Diamond Wood may now build compared to previously expected.

The provision will be charged through the statement of comprehensive income and will result in the Group recording a substantial impairment charge and a loss for the year ended 31 March 2010. It is emphasised that this write off will have no impact on the Company's cash resources.

In addition, pending conclusion of Diamond Wood finalising its funding arrangements, the Company announces that a provision for the impairment of the entire balance of €10m will be recorded in the 31 March 2010 financial statements. In the event Diamond Wood completes the fund raising, the balance may be revalued.

[outsider] 10/11/2010 10:42

If I remember right Diamond wood is written down in the last accounts because of the uncertainty, and now it looks likely that they can add some value back to the balance sheet

[tonsil] 05/11/2010 15:23

hey back in profit - go go!

[outsider] 05/11/2010 12:29

Of course it's risky, but the Diamond Wood news is significan and has reduced the risk without doubt

[philjeans] 05/11/2010 12:23

Careful; still a hugely unprofitable business and has it all yet to prove.

[outsider] 05/11/2010 12:10

I know advfn buys and sells arent always accurate but geez 4m buys to 300k of sells!

[outsider] 05/11/2010 11:56

yah have seen that news but this bit:


Accsys is meeting with Diamond Wood in early November 2010 and hopes to be able to
announce further details in respect of Diamond Wood's fundraising following that meeting.
Ends

[ebomber] 05/11/2010 11:46

21 October 2010
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")
Diamond Wood
Accsys is pleased to announce that it has today received a letter dated 18 October 2010 (the
"Letter") from Diamond Wood China Limited ("Diamond Wood"), the Company's licensee of its
acetylation technology in China and other Asian territories, announcing:
"the recent signing of an agreement with an Asian investor group and the subsequent
imminent funding of the first Accoya® factory in Asia by the end of 2010."
The Letter also announces changes to the board of directors of Diamond Wood to facilitate the
funding, including the appointment of Mr. Akeyuth Anchanbutra as Chairman.
Further to the announcement by Accsys on 21 June 2010 that it had entered into a revised
licence agreement with Diamond Wood ("Revised Licence"), the Letter, addressed to all
Diamond Wood shareholders, confirms certain terms of that Revised Licence as follows:
• The reduction of upfront License Fee payments by c. €10m euros on the first four
reactors of production
• A 20-year exclusivity for the production and sales of Accoya® in Greater China (China,
Hong Kong, Macau, Taiwan)
• The right of first refusal on Tricoya (MDF) technology in China
• A ten-year exclusivity for the production and sales of Accoya® in Thailand, Singapore,
Vietnam, Philippines, Cambodia, Laos, Burma, Brunei, Indonesia and Malaysia.
In addition, Accsys confirms that the royalty payments under the Revised Licence have been
amended and are now:
• Increased by in excess of 10%, from €22 to €25 per cubic metre of Accoya®
produced and sold by Diamond Wood
• Subject to an annual upwards only index-linked inflator
• Payable beyond the twenty years originally provided for (at a discounted rate).
Accsys is meeting with Diamond Wood in early November 2010 and hopes to be able to
announce further details in respect of Diamond Wood's fundraising following that meeting.
Ends

[outsider] 05/11/2010 10:44

Insitutions buying?


Theysaid an update early Nov from DiaMOND WOOD.

[outsider] 05/11/2010 08:30

Some big buys going through

[outsider] 05/11/2010 00:26

Back in, Diamond wood announcement makes a huge difference

[asmodeus] 22/10/2010 09:27

How did the price of the Accoya door compare with others, MH100?

[mh100] 21/10/2010 22:31

Back in too. Futures looking better. What swung it for me was not only the resurrection of the Diamond Wood license but also I recently went shopping for a new front door at a unpretentious door shop in south east london and was amazed to find they were advertising and selling product made from Accoya (they had no idea where it came from though other than it was 'green'). Seems some significant degree of market penetration is occurring. I also see the MDF stuff as even bigger than Accoya in due course.

[ebomber] 21/10/2010 20:34

European Conference on Wood Modification 5
Riga, Latvia, Sept 19-21, 2010

As world leaders in the field of wood modification, Accsys Technologies the producer of high
technology Accoya® wood, was recently invited to present two papers at the fifth European Conference
on Wood Modification (ECWM5) in Riga.
The title "European" is a misnomer since there were 28
nations represented at the conference, with many American
and Asian delegates. With such a strong focus on wood
modification, ECWM5 is the only event of its kind in the world,
which explains why it attracts such a range of attendees from
commercial, governmental and academic organisations. Many
guests are widely-respected opinion leaders in their
geographies.
Accsys Technologies presented two papers at the conference.
The first, on modified wood structural considerations, and the
second focussed on how to effectively conduct a product environmental impact analysis. Both the
lectures and exhibition presence helped maintain and further Accsys Technologies' reputation for
technical leadership and innovative contribution to the modified wood industry. Reaction and feedback
to the papers clearly demonstrated that acetylation is still very much viewed as the gold standard in
wood modification by the world's experts in this area. A new study from Scion, formerly the New
Zealand Forest Research Institute, supports this popular opinion by concluding that Accoya® wood is
more durable than four of the most naturally durable wood species and in addition, more
durable than wood treated with CCA to ground contact specification

[sitiain] 21/10/2010 13:32

this wooded ship would appear to leak with regard to news does it not ?
anyway back in after a long time away..............

[ebomber] 21/10/2010 11:18

21 October 2010

ACCSYS TECHNOLOGIES PLC ("Accsys" or "the Company")

Diamond Wood

Accsys is pleased to announce that it has today received a letter dated 18 October 2010 (the "Letter") from Diamond Wood China Limited ("Diamond Wood"), the Company's licensee of its acetylation technology in China and other Asian territories, announcing:

"the recent signing of an agreement with an Asian investor group and the subsequent imminent funding of the first Accoya(R) factory in Asia by the end of 2010."

The Letter also announces changes to the board of directors of Diamond Wood to facilitate the funding, including the appointment of Mr. Akeyuth Anchanbutra as Chairman.

Further to the announcement by Accsys on 21 June 2010 that it had entered into a revised licence agreement with Diamond Wood ("Revised Licence"), the Letter, addressed to all Diamond Wood shareholders, confirms certain terms of that Revised Licence as follows:

-- The reduction of upfront License Fee payments by c. EUR10m euros on the first four reactors of production

-- A 20-year exclusivity for the production and sales of Accoya(R) in Greater China (China, Hong Kong, Macau, Taiwan)

-- The right of first refusal on Tricoya (MDF) technology in China

-- A ten-year exclusivity for the production and sales of Accoya(R) in Thailand, Singapore, Vietnam, Philippines, Cambodia, Laos, Burma, Brunei Indonesia and Malaysia.

In addition, Accsys confirms that the royalty payments under the Revised Licence have been amended and are now:

-- Increased by in excess of 10%, from EUR22 to EUR25 per cubic metre of Accoya(R)

produced and sold by Diamond Wood

-- Subject to an annual upwards only index-linked inflator

-- Payable beyond the twenty years originally provided for (at a discounted rate).

Accsys is meeting with Diamond Wood in early November 2010 and hopes to be able to announce further details in respect of Diamond Wood's fundraising following that meeting.

Ends

[ebomber] 21/10/2010 09:30

In the corridors of the square mile interest from a Chinese Conglomerate.