KURA Kurawood

 

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 
 
 MSCUUUAGPUPBURP 
 

Grafico Azioni Kurawood (LSE:KURA)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Kurawood (LSE:KURA)
Storico
Da Giu 2023 a Giu 2024