Business
Licence Option Agreement
Licence Option Agreement.
About this update from Accsys Technologies Plc
[{"type":"text","content":"\n RNS Number : 0051A Accsys Technologies PLC 25 January 2011 \n \n\n \nAIM: AXS\nNYSE Euronext Amsterdam: AXS\n25th January 2011\n \nACCSYS TECHNOLOGIES PLC(\"Accsys\" or \"the Company\")\n \n Licence Option Agreement\n \nAccsys, the environmental science and wood technology company, announces that Titan Wood Limited (\"Titan Wood\"), its wholly-owned subsidiary, has entered into a licence option agreement (the \"Option Agreement\") with a major multinational corporation in relation to the production and sale of Accoya® using Titan Wood's proprietary acetylation technology (the \"Technology\").\n \nUnder the Option Agreement, Titan Wood has granted an exclusive option to enter into a licence agreement, pursuant to which rights over the Technology may be granted in certain states within Europe. There can be no certainty that the parties will enter into any licence agreement and the detailed terms of any licence agreement, including payment of licence fees and royalties, are currently being negotiated, but yet to be agreed.\n \nPaul Clegg, Accsys CEO, commented: \"As outlined in our recent Interim Results, we have been engaged in a number of discussions in relation to major licensing, fundraising and other strategic opportunities for some while. This Option Agreement represents an important step forward and we are excited about the opportunities that it presents. We shall continue to work extremely closely with this counterparty and very much hope we can agree full licensing terms in the near future. \" \n \nEnds\n \nFor further information, please contact:\n \n\n\n\n\nAccsys Technologies PLC\n\n\nPaul Clegg, CEO\nHans Pauli, CFO\n\n\nvia Citigate Dewe Rogerson\n\n\n\n\nMatrix Corporate Capital LLP\n \n \n\n\nStephen Mischler\nNick Stone\nEdmund Glover\n\n\n+44 20 3206 7000\n \n \n\n\n\n\nCitigate Dewe Rogerson\n\n\nGinny Pulbrook\nMalcolm Robertson\nSuzanne Bakker \n \n\n\n+44 20 7282 2945 \n+44 20 7282 2867...