NEW TITAN WOOD / MEDITE EUROPE PARTNERSHIP TO PUSH INNOVATION

11th June 2009 - Press release

11th June 2009 – Today at the Irish Embassy in London, Titan Wood (part of Accsys Technologies PLC) and leading MDF manufacturer Medite Europe Ltd. (part of Coillte Panel Products, a division of Coillte) met the Irish Ambassador His Excellency Bobby McDonagh and Mary Coughlan, Tánaiste and Irish Minister for Enterprise, Trade and Employment, to sign a joint development agreement which will push the boundaries of wood product innovation.

Reflecting Ireland's drive for industrial and technological development, Titan Wood and Medite Europe will work toward developing an economically viable and non-toxic medium density fibreboard (MDF) panel made from Tricoya® wood elements; an environmentally responsible process which protects wood from rot and improves stability and durability. This will enable new products to be used in new and exciting applications, including those in high moisture areas, especially outdoors.

Medite has been a major-player in the European MDF market since 1976 and has exhibited a consistent commitment to research and development. As a result, Medite has established itself as a leading innovator with a matchless range of added value high specification panels, each one with specific properties for particular applications.

Gerry Britchfield, Managing Director of Medite parent division, Coillte Panel Products, explains, “Medite has a long history of leading the panel products industry and prides itself on being an innovator and pioneer. We are pleased to officially partner with Titan Wood in introducing the world's most durable MDF product to international markets.”

Says Finlay Morrison, Chief Executive Officer of Accsys Technologies, “Together we will revolutionise the industry.”

PHOTO L-R:

Back row: John Hunt (Enterprise Ireland), Emanual Carvalho (EI), Michel Maes (Titan Wood), Adrian Wyn-Griffiths (Accsys Technologies), Andrew Macdonald and Geoff Rhodes (Coillte Panel Products).

Front row: His Excellency Bobby McDonagh (Irish Ambassador), Kevin Wood (Accsys Technologies), Gerry Britchfield (Coillte Panel Products), Mary Coughlan (Tánaiste and Irish Minister for Enterprise, Trade and Employment), David Gunning (CEO Coillte).

Picture taken at Irish Embassy, London, 17 Grosvenor Place 11th June 2009.

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Notes to editor:

For further information, please contact:

Coillte Panel Products / Medite Europe Ltd Geoff Rhodes,

Marketing and Business Development Director

geoff.rhodes@coillte.com

+44 1322 424900

Accsys Technologies PLC William Paterson-Brown,

Executive Chairman

+44 20 8150 8835

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