ZANESVILLE, Ohio, March 5, 2015 /PRNewswire/ -- AXION International
Holdings, Inc. (OTCQB: AXIH), a leader in recycled polymer
technologies used to produce ECOTRAX® composite rail ties/sleepers
and STRUXURE® composite building products is pleased to announce
today that it has received $1.71
million in orders for plated ECOTRAX® tunnel ties from
Eastern Rail Corporation for a major northeast-based transit
line.
The tunnel ties are being produced and plated at AXION's
facility in Waco, Texas, scheduled
for installation in early spring. Including recent capacity
expansion, AXION has established a complete rail tie plating
fabrication line specifically for tunnel ties to offer the finished
product for these orders and subsequent ones expected later this
year. The Company's engineered tunnel-tie system includes a plated
ECOTRAX® tie, as well as Eastern Rail's polymer-adhering grout, all
of which is a direct replacement for existing wood tunnel ties.
"Within tunnels, maintenance is significantly more expensive
than in other areas of track, which is a combination of the volume
of transit railcars and the fixed capacity within tunnels,"
described AXION's Cory Burdick,
Director for the ECOTRAX® rail products division. "Our value
proposition features ease-of-installation with an inert product.
Our tie does not rot, installs like wood, and the grout is designed
to cure quickly, combining to reduce a transit's downtime for
maintenance."
Instrumental in creating the complete system, Eastern Rail's
President Miguel Morales designed a
polymer-adhering grout that embeds into the ECOTRAX® embossing
pattern as it adheres to the concrete, locking the ties in place.
"We found a partner in AXION that shares our interest in being much
more than a manufacturer and supplier. The industry demands more
sophistication and engineered solutions to problems, not just
parts," noted Mr. Morales. "The ECOTRAX® product line, especially
the tunnel-tie system, is a key example of providing an engineered
solution that is highly valued by railroads."
Working with a globally recognized engineering firm for over
three years, AXION developed and extensively tested its tunnel-tie
system. Through third-party testing at a structures laboratory and
in-track trials, AXION's tunnel-tie system has proven to be
superior to every alternative.
"We are able to work with railway engineers to create a solution
in these critical areas, an evolution from being solely a material
supplier to the industry. During the next two years, we forecast
that our significant technical development work will lead to more
high-value orders and contracts, directly related to the increase
in demand we are seeing today," explained AXION's Cory Burdick.
About AXION International Holdings, Inc.
AXION (OTCQB:
AXIH) creates innovative structural polymer solutions, engineering
sustainable products and systems that provide improved long-term
value, consistent performance, and reduced maintenance costs. AXION
develops its solutions for the infrastructure, transportation, and
energy industries. Visit www.AXIH.com.
About ECOTRAX® Composite Railroad Ties
ECOTRAX®
composite rail ties are manufactured by AXION using 100% recycled
plastics. Because they are inert, ECOTRAX® rail ties will not rot
or absorb moisture, and they are impervious to insect infestation.
Setting the industry standard, ECOTRAX® ties feature long life
cycles and excel in the harshest conditions. From Australia to New
York, ECOTRAX® ties are the tested, proven, and superior
choice for railroads around the world. Click here to learn
more.
About Eastern Rail Corporation
Eastern Rail
Corporation was established in 2007, providing Miami Dade Transit
with innovative and technologically-advanced products. Eastern Rail
has grown beyond supplying a single transit, engineering green
solutions for the transportation industry worldwide. Click here for
more information.
Forward-Looking Statements
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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SOURCE AXION International Holdings, Inc.