ZANESVILLE, Ohio, March 19, 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
million in orders for ECOTRAX® rail ties to be installed in
a northeast-based transit line's rail yard and station, one of the
largest transits by volume in the world. The rehabilitation project
is in a Hurricane Sandy affected area that sustained major damage
from flooding. The ECOTRAX® ties will be installed in the
spring.
In November 2014, CEO Claude Brown
noted in his letter to shareholders that AXION has "gone from
market adoption to market penetration," a trend that the Company
forecasts is going to lead to continued success in the
transportation, construction, and energy industries. Leading the
success, the Company's ECOTRAX® rail products division has shown
steady growth for the past three years directly related to the
increase in diversity of applications and installations.
"Like our tunnel-tie project for a different northeast-based
transit line, this rehabilitation project specifies all ECOTRAX®
ties," noted AXION's Cory Burdick,
Director for the ECOTRAX® rail products division. "The entire rail
yard and station are going to be completed solely with ECOTRAX®
ties, including all turnouts and mainline ties, a first for our
company. In the past, our ties were used as spot replacements for
existing timber ties. With years of testing and in-track
performance success, ECOTRAX® rail products have inspired
confidence in major railroads, which are specifying our ties for
whole projects. This particular station and yard receive a high
volume of rail car traffic, are in a flood zone, and sustained
major damage during Hurricane Sandy. The transit chose ECOTRAX®
ties because they are inert, will never rot, and are impervious to
the degrading effects of salt. Moisture and salt cause significant
problems for transit lines in coastal flood zones."
Reducing maintenance is a key ECOTRAX® benefit, one that is
leading to an increase in orders. In combination with diverse
applications and in-track success, the Company is focused on
meeting the strong increase in demand for its engineered products.
"We are growing a varied portfolio of successful projects with the
largest transit lines and railroads worldwide. Demand is also
growing steadily, and we are poised to meet it," explained Mr.
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 construction, 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.
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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visit:http://www.prnewswire.com/news-releases/axion-receives-1-million-in-orders-for-ecotrax-rail-ties-for-transit-station-and-yard-rehabilitation-project-300052764.html
SOURCE AXION International Holdings, Inc.