ZANESVILLE, Ohio, Oct. 22, 2014 /PRNewswire/ -- AXION
International Holdings, Inc. (OTCQB: AXIH), a leader in recycled
plastic and plastic composite technologies used to produce ECOTRAX®
rail ties/sleepers and STRUXURE® building products, and a
vertically integrated re-processor and supplier of recycled
plastic, announced today that it has received a purchase order from
a major West Coast based transit line. The purchase order calls for
approximately $377,000 switch ties
for the upgrading of 26 timber turnouts on one of the busiest and
oldest lines in this transit system.
After the successful completion of one year in-track testing,
the Company is set to start upgrading existing wooden rail ties
with its ECOTRAX® 100% Recycled Rail Ties that are superior to
alternatives and offer a longer lifecycle, reduce costs for the
client, will not rot or absorb moisture, and are impervious to
insect infestation. The major transit network is one of the largest
in the West Coast and is one of the busiest systems in North America.
Cory Burdick, Global Manager
ECOTRAX Rail Division of AXION said, "We are extremely excited
about this particular order as it provides us with the chance to
make one of the largest West Coast transit railroads more
sustainable with our products. Due to strict regulations in certain
states, it has become increasingly difficult and costly to dispose
creosote soaked wood after its useful life, an issue not faced when
installing ECOTRAX ties given that they are 100% recyclable. There
are also difficulties faced by many railroads to procure timber in
longer lengths of quality and ECOTRAX ties are consistent in
quality no matter the length. After the successful completion of
one year in-track testing, our ECOTRAX® Rail Ties have demonstrated
ability to provide long term value over other tie alternatives.
Additionally, our rail ties provide long term benefits to the
environment. This order will recycle over 350k lbs. of plastic that
would otherwise end up in our oceans or landfills and are
completely recyclable after their useful life, making our ECOTRAX
ties a completely closed loop sustainable product."
ECOTRAX® ties have proven to be resilient and impervious to
climate changes, offering proven durability, longevity, and
lifecycle cost saving over traditional ties while providing
environmental benefits and meeting and exceeding all industry
standards. ECOTRAX® ties are a viable solution for replacing wood
ties, as needed, and are impermeable to rot and insect damage and
reduce the harvesting of trees.
About AXION International Holdings, Inc.
AXION (OTCQB:
AXIH) is a green technology company, transforming waste plastics
into structural building materials. Using 100%-recycled consumer
and industrial plastics, AXION develops, markets and sells its
recycled structural composite products through its ECOTRAX®
composite rail tie and STRUXURE® building material lines. From the
railroading industry to the military to global engineering firms,
AXION delivers tested, proven and superior green solutions to
infrastructure needs around the world.
www.AXIH.com
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.