New Product Line
02 Februar 2009 - 9:19AM
UK Regulatory
TIDMKURA
RNS Number : 6120M
Kurawood PLC
02 February 2009
Kurawood Plc (the "Company")
NEW PRODUCT LINE - ACETOWOODTM
The Directors are pleased to announce the arrival of the Company's second line
of modified wood products, "AcetowoodTM", founded on the Company's own process
based on the more widely understood acetylation of timber. AcetowoodTM is a
modified timber suitable for in-ground applications and therefore compliments
Vecowood , a modified timber more suited to above ground and interior appearance
grade applications. Further protection is being sought for AcetowoodTM initially
via one or more national patent applications.
First developed in the 1920s, acetylation increases the wood's natural acetyl
content through impregnation of acetic anhydride at high temperature and
pressure. The acetylation process produces significant improvements to
dimensional stability (up to 75 per cent.) and durability, effectively imparting
the physical properties of valuable hardwoods to relatively inexpensive
softwoods. However, a widely known disadvantage of acetylation is the existence
of un-reacted acetic anhydride and residual acetic acid within the modified
timber, which is corrosive and therefore requires all equipment to be stainless
steel - a high capital expenditure requirement. In the production of
AcetowoodTM, the Company has developed a process that negates this disadvantage
and reduces the need for stainless steel equipment.
Mr. Tilleard noted, "In AcetowoodTM, we have a timber ideally suited to external
and in-ground applications that can be offered for sale at prices that compete
well against both traditional hardwoods and other commercially available
modified timbers. The Directors are also confident that certain elements of the
method of manufacture of AcetowoodTM are capable of being patent protected, thus
enabling the Company to securely license this technology alongside Vecowood .
The financial terms facing any potential licensee should be extremely
competitive, given the greatly reduced capital expenditure requirement,
estimated, by the Directors, to be in the region of GBP3.00 to GBP4.00 per cubic
metre of installed AcetowoodTM capacity."
The Directors anticipate being in a position to approve the publication of both
its Annual Report and Accounts for 2008 and an accompanying circular to
shareholders detailing the proposed capital injection by Fox Capital Limited on
the terms announced on 24 December 2008.
Vecowood and AcetowoodTM are trademarks owned by Kurawood PLC and may not be
used or reproduced without written permission.
For further information on the Company, our products or licensing opportunities,
please contact:
Justin Martin, Kurawood plc Tel: 01624 820 040
Ross Andrews, Zeus Capital Limited Tel: 0161 831 1512
Tom Rowley
Ruari McGirr St Helen's Capital plc Tel: 020 7628 5582
Mark Anwyl
Notes to Editors:
About Kurawood PLC: Kurawood plc, listed on AIM in September 2007, uses its
proprietary Veco organic formulation to enhance softwoods, giving them the
dimensional stability, durability and usability akin to traditional hardwoods
but at a fraction of their cost.
In Vecowood , we have a timber ideally suited for many appearance grade internal
applications (for instance kitchen and bathroom cabinetry, flooring and other
internal joinery) and above-ground external applications such as window frames,
conservatory frames and doors, being offered for sale at highly competitive
prices when compared to traditional hardwoods and other commercially available
modified timbers. It is, we believe, the only sold wood, whether modified or
naturally grown, capable of being commercially powder coated and a patent has
been published to protect the same. Furthermore, the right to the Veco
formulation and Vecowood 's method of manufacture may also now be securely
licensed to independent 3rd parties anywhere located on significantly more
financially attractive terms than other technology providers operating in this
arena; this being possible due to the comparatively low required capital
expenditure of circa GBP2.00 per cubic metre of nameplate capacity; and
In AcetowoodTM, we have a timber ideally suited to in-ground external
applications such as shutters/shading, siding and cladding, decking, outdoor
furniture/equipment and glulam beams for structural use. AcetowoodTM can also be
manufactured from the same Forestry Stewardship Council certified fast-growing
New Zealand Radiata Pine. Preliminary trials carried out on AcetowoodTM confirm
superior hardness scores to other available acetylated timbers with further
results on dimensional stability and durability ongoing.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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