Axion International Announces Purchase Order for ECOTRAX™ Rail Ties for One of the World’s Largest Mining Companies
NEW PROVIDENCE, New Jersey, Aug. 23 - /EWire/ --
Axion International Holdings, Inc. (OTCBB: AXIH), a leader in recycled plastic and plastic composite technologies used to produce ECOTRAX™ rail ties and STRUXURE™ building products, today announced the company’s first purchase order from one of the world’s largest mining companies. The “sleepers” (rail ties) are the mining company’s first order of Axion’s longer lasting recycled ECOTRAX™ products consisting of long-length ties measuring up to 16.5 ft and were the result of Axion’s regional distribution agreement signed in 2011. This order of ECOTRAX™ rail ties, which is being shipped to one of the mining company’s Australian locations, were selected primarily due to challenges in finding long-length hard wood rail ties to satisfy both above and underground rail tracks supporting heavier axle loads.
“The economics behind the availability of hard-woods, especially in longer lengths, varies around the world, and so we at Axion want to uncover those opportunities and offer a consistent product at a competitive price worldwide,” commented Cory Burdick, Axion’s ECOTRAX™ Sales Manager. “This continued growth among both freight and metro rail line operators, worldwide, is testament to the growing need for long-lasting composite rail ties, and Axion’s recycled formulas and steady record of dependability and quality are attracting growing acceptance. Axion’s ECOTRAX™ rail ties/sleepers are now either in operation or in testing for rail lines on every continent that supports rail traffic. We’re extremely proud of the growth we’ve achieved and will continue to strive for even greater and broader acceptance.”
Axion’s ECOTRAX™ rail ties are engineered using the Company’s patented 100% recycled formula. ECOTRAX™ rail ties have helped divert millions of pounds of plastic bottles and waste into useful products that will last decades. Because ECOTRAX™ rail ties are extremely strong, durable and low maintenance they are an excellent, cost-effective alternative to traditional materials.
About Axion International
Axion International is a leading structural solution provider of cost-effective alternative infrastructure and building products. The Company’s "green" proprietary technologies allow for the development and manufacture of innovative structural products made from 100% recycled consumer and industrial plastics. Axion's up-cycled products are an economic and sustainable alternative to traditional building materials such as wood, steel or concrete. Developed in collaboration with scientists at Rutgers University, Axion's patented technologies allow for products that are extremely strong, durable, flexible in design, and low maintenance.
For additional information, please visit Axion’s corporate website: 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 risk factors identified in Axion’s filings with the Securities and Exchange Commission.
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