Business
Norwegian Agency Agreement
Norwegian Agency Agreement.
About this update from Accsys Technologies Plc
[{"type":"text","content":"\n Accsys Technologies PLC\n11 March 2008\n\n\n\n11th March 2008\n\n AIM: AXS\n NYSE Euronext Amsterdam: AXS\n\n\n\n Accsys' Titan Wood Subsidiary Signs Norwegian Agency Agreement\n\n\nAccsys Technologies PLC ('Accsys' or 'the Company') announces that its 100%\nowned subsidiary, Titan Wood Limited ('Titan Wood'), has signed an agency\nagreement with OggeTre A/S ('OggeTre'). OggeTre will be the sole agent for the\npromotion and sale of the Accoya(R) wood in Norway.\n\n\n\nOggeTre director, Robert Braten, said, 'We have established a new company\nspecifically to market Accoya(R) wood and to manufacture Accoya(R) wood joinery\ncomponents. Having conducted our own tests on Accoya(R) wood, we are satisfied\nthat it answers the demand for a durable, dimensionally stable wood for doors in\ncoastal areas of Norway where humidity causes swelling in winter. We also expect\nthe added benefit of increased coating life on windows and cladding to offer a\nstrong competitive advantage in this market. We are delighted to have secured\nthis agreement with Titan Wood.'\n\n\n\nTitan Wood's European Business Development Manager, Justin Peckham, added, '\nEarly on in our discussions we established that there is good potential for\nAccoya(R) wood in Norway. With the directors of OggeTre also being directors of\nVatnestrom Trevarefabrikk (www.vatnestrom-trevare.no), manufacturers of windows\nand doors, there is an excellent synergy and a wealth of experience within the\ncompany. It is exciting to see Accoya(R) wood being made available in Norway.'\n\n\n\nOggeTre will be supplied from Titan Wood's Accoya(R) wood production facility in\nArnhem, the Netherlands.\n\n\n\n\n\nENDS\n\n\n\nFor further information, please contact:\n\n\nAccsys Technologies PLC William Paterson-Brown, +44 (0) 20 8150 8836/\n Executive Chairman +44 (0) 20 8144 2510\n\n\nCollins Stewart Europe Limited Tim Mickley / Michael O'Brien +44 (0) 20 7523 8000\nParkgreen Communications Justine Howarth / +44 (0) 20 7851 7480\n\n Bex Sanders-Hewett\nCitigate First Financial B.V. Wouter van de Putte / Laurens + 31 (0) 20 575 4080\n Goverse\n\n\n\nNotes to Editors:\n\n\n\nOggeTre A/S / Vatnestrom Trevarefabrikk\nOggeTre has been established by the directors of Vatnestrom Trevarefabrikk with\nthe sole purpose of promoting and selling Accoya(R) wood in Norway. Vatnestrom\nTrevarefabrikk (www.vat...