The old companion way pin boards on my H22 where getting in sad shape. The original boards where made from plywood with a teak veneer finish. I looked at building the new pin boards with teak plywood again or teak. I went to a local woodworking shop to select some lumber. Teak was $28/board foot. The owner of the woodworking shop recommended that I use a lumber called Ipe. He said he had sold Ipe to a number of satisfied boat owners as a teak substitute. Only Ipei costs $3/board foot. A friend with a whole lot more experience in woodworking did most of the work with my assistance. I could not be happier with the new companion way... especially the cost.From a webpage on Ipe "Ipe (pronounced “ee-pay”) is a large tropical hardwood tree that grows abundantly throughout Central and South America. Ipe wood is prized for its durability, strength, and its natural resistance to decay, wet conditions, and insect infestation."