Grant of Share Options (1629E)

TIDMAXS

RNS Number : 1629E

Accsys Technologies PLC

01 April 2011

AIM: AXS

NYSE Euronext Amsterdam: AXS

01 April 2011

ACCSYS TECHNOLOGIES PLC

("Accsys" or the "Company")

Grant of Share Options

Accsys announces that on 1 April 2011, Hans Pauli, the Company's Chief Financial Officer, was granted a share option pursuant to his service agreement in accordance with the Company's Unapproved Share Option Scheme. The share option is to subscribe for a total of 718,173 ordinary shares of EUR0.01 each in the Company ("Ordinary Share(s)") at an exercise price of EUR0.17 per share being the closing price of an Ordinary Share as at 31 March 2011.

The share option will only vest on certain performance criteria being met.

Ends

For further information, please contact:

 
 Accsys Technologies         Paul Clegg, CEO          via Citigate Dewe 
  PLC                         Hans Pauli, CFO          Rogerson 
                             Stephen Mischler 
 Matrix Corporate Capital     Nick Stone 
  LLP                         Edmund Glover           +44 20 3206 7000 
 Numis Securities Limited    Christopher Wilkinson    +44 20 7260 1347 
                              Ben Stoop                +44 20 7260 1410 
 Citigate Dewe Rogerson      Ginny Pulbrook           +44 20 7282 2945 
                              Malcolm Robertson        +44 20 7282 2867 
                              Suzanne Bakker           +31 20 575 4023

Notes to editors:

Accsys Technologies PLC (www.accsysplc.com) is an environmental science and technology company whose primary focus is on the production of Accoya(R) wood and technology licensing via its 100% owned subsidiary, Titan Wood Limited, which has manufacturing operations in Arnhem, the Netherlands, a European office in London and an Americas office in Dallas, Texas. Accsys Technologies' operations comprise three principal business units: (i) the Accoya(R) wood production facility located in Arnhem, The Netherlands; (ii) technology development, focused on a programme of continuous improvements to the process engineering and operating protocols for the acetylation of wood which are currently under development and the development of technology for the acetylation of wood fibre; and (iii) the licensing of technology for the production of Accoya(R) wood and Tricoya(R) wood elements across the globe.

Accoya(R) Wood (www.accoya.info) is produced by using a proprietary, non-toxic process that effectively converts sustainably grown softwoods and non-durable hardwoods into what is best described as a "high technology wood" via acetylation. Distinguished by its durability, dimensional stability and, perhaps most importantly of all, its reliability (in terms of consistency of both supply and quality), Accoya(R) wood is particularly suited to exterior applications where performance and appearance are valued. Unlike most woods, its colour does not degrade when exposed to sunlight. Moreover, the Accoya(R) wood production process does not compromise the wood's strength or machinability. The combination of UV resistance, dimensional stability, increased coatings life, durability and retained strength means that Accoya(R) wood offers a wealth of new opportunities to architects, designers and specifiers. Leading applications include external doors and windows, shutters/shading, siding and cladding, decking, outdoor furniture/equipment and glulam beams for structural use.

Tricoya(R) Wood Elements (www.tricoya.com) is Accsys Technologies' proprietary technology for the acetylation of wood fibres, chips, and particles for use in the fabrication of wood based composites, including panel products. These composites demonstrate enhanced durability and dimensional stability which allow them to be used in a variety of applications which were once limited to solid wood or man-made products. Tricoya(R) Wood Elements is lauded as the first major innovation in the wood composites industry in more than 30 years.

Wood Acetylation is a process, which increases the amount of 'acetyl' molecules in wood, thereby changing its physical properties. The environmentally responsible process protects wood from rot by making it "inedible" to most micro-organisms and insects, without - unlike conventional treatments - making it toxic. It also greatly reduces the wood's tendency to swell and shrink, making it less prone to cracking and ensuring that, when painted, it requires dramatically reduced maintenance. Acetylated wood's increased durability offers major carbon sequestration advantages, compared to other woods and man-made building materials such as steel, vinyl, and plastic.

Wood Composites include a range of derivative wood products which are manufactured by binding together the strands, particles, fibres, or veneers of wood together with adhesives to form composite materials. These products are engineered to precise design specifications which are tested to meet national or international standards.

Accsys Technologies is the trading name of Titan Wood Limited. ACCOYA(R) , TRICOYA(R) and the Trimarque Device are registered trademarks owned by Titan Wood Limited and may not be used or reproduced without written permission.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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