February 02, 2012 at 09:00 AM EST
Axion International Announces Purchase Order from a Second US Class 1 Railroad
Axion International (OTCBB: AXIH), the developer of Recycled Structural Composite (RSC)™ technology that is used to produce 100% recycled plastic ECOTRAX™ railroad ties and STRUXURE™ industrial building materials, announced today that the company has received a purchase order for their first installation of ties from another Class One Railroad. This represents the second of the nation’s Class 1 rail lines that Axion is doing business with - following a multi-year contract announced earlier in 2011. As part of this new order, Axion will also be pre-plating the ties so they’re ready for immediate installation. The ties are being installed in new track in a very humid, wet environment where Axion’s ECOTRAX™ perform well as they are impervious to the outdoor weather elements.
“This is a significant step for Axion in that we’re expanding our relationships and sales into another of the nation’s largest rail lines,” stated Axion CEO and President, Steve Silverman. “2011-2012 has seen Axion expand its impact in railroads worldwide while our performance has served to document the viability of the product as a substitute for standard materials, particularly in difficult or problematic areas the rail lines face. These ties are specifically going into an area where ties quickly degrade due to moisture and damaging infestation. We’re pleased to note that our ties are impervious to water or insect damage and will not need replacement for many, many years.”
ECOTRAX™ brochure: https://axion.box.com/s/06m3if33tkn782yjhq29
Axion’s ECOTRAX™ ties are the perfect “green” solution for the rail industry – made using Axion’s patented formula. The virtually indestructible ties thrive in extreme, wet, and caustic conditions.
About Axion International Holdings, Inc.
Axion International Holdings, Inc. (OTCBB: AXIH.OB - News) develops structural building products in the United States and internationally from 100% recycled consumer and industrial plastics. It offers structural composite railroad crossties, structural composite I-beams, tongue-and-groove planking, and various sizes of boards for use in engineered design solutions, such as rail track, rail and tank bridges, pedestrian and recreation bridges, marinas, boardwalks, and bulk heading. The Company markets its structural products to the railroad industry, military, and industrial engineering and contracting firms. Axion International Holdings, Inc. was founded in 2006 and is headquartered in New Providence, New Jersey.
For additional information, please visit: www.axionintl.com
This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Axion’s actual results to differ materially from those currently anticipated, including the availability of materials at favorable pricing, sufficient manufacturing capability and the risk factors identified in Axion’s filings with the Securities and Exchange Commission.
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