Accsys Technologies PLC (Accsys) is engaged in the production, sale of Accoya solid wood and licensing of technology for the production and sale of Accoya wood and Tricoya wood elements. Manufactured through the Company’s acetylation process, these products exhibit superior dimensional stability and durability compared with alternative natural, treated and modified woods, as well as more resource intensive man-made materials. The Company is also engaged in the development of other related process technologies with potential applications in the wood and chemicals industries. The Company’s business is the development, commercialization and licensing of technology for the manufacture of Accoya wood, Tricoya wood elements and related acetylation technologies. The Company’s segment is divided between licensing activities, the manufacturing and sale of Accoya and research and development activities.