Edmonton Canada Is the Latest Transit Line to Purchase AXION's 100% Recycled Composite Rail Ties
NEW PROVIDENCE, NJ -- (Marketwired) -- 05/22/13 -- AXION International Holdings, Inc (AXIH.OB) . (OTCQB: AXIH), a leader in recycled plastic and plastic composite technologies used to produce ECOTRAX" rail ties and STRUXURE" building products, announced today the Company has received a purchase order from a new customer, Edmonton Light Rail Transit for ECOTRAX" specialty rail ties. These ties will be used for road crossing applications where the transit line's rail tracks intersect with roads.
ECOTRAX" composite rail ties are made from AXION's patented 100%-recycled plastic formulation. In manufacturing ties for this purchase order, more than 150,000 pounds of plastic were taken out of the landfill stream and converted into high-performance ties.
With this order, Edmonton Light Rail Transit becomes AXION's third customer in Canada and one of numerous transit lines around the world to install ECOTRAX". ECOTRAX" offer unique benefits and advantages, as compared to traditional wood ties, in cold northern climates. During the long winter season salt is regularly used for road safety due to heavy snowfall and ice formation. While salt entrapment under road crossings can damage and reduce the life of traditional wood ties, ECOTRAX" are completely impervious to salt. Freeze-thaw cycles are also common, where water gets into wood, freezes, and then thaws again, leading to a weakening and rapid deterioration of traditional wood ties. ECOTRAX" are not porous, do not absorb moisture, and therefore are impervious to water and rot. Offering longevity and therefore a higher ROI for customers, ECOTRAX" also provide the added environmental benefits of recycling plastic waste and reducing the harvesting of trees.
"We are pleased to have the opportunity to work with Edmonton on their first purchase order of ECOTRAX" ties which are engineered to deliver high value and durability, particularly in road crossing applications in northern climates," stated Cory Burdick, AXION's ECOTRAX" Sales Manager.
AXION President and CEO Steve Silverman commented, "We're encouraged by the number of new customers purchasing and installing ECOTRAX". The ROI metrics of our composite ties are becoming very clear to purchasing decision makers. With every purchase order, we display AXION's capacity to consistently manufacture product to the highest specifications in the industry and deliver on, or ahead of schedule."
ECOTRAX" composite rail ties are made from AXION's patented, 100%-recycled plastic formulation. Because they are inert, ECOTRAX" rail ties will not rot or absorb moisture, and they are impervious to insect infestation. Setting the industry standard for composite rail ties, ECOTRAX" rail ties meet and exceed all American Railway Engineering and Maintenance-of-Way Association specifications and are continuously tested at third-party laboratories and in track. ECOTRAX" rail ties feature long life cycles and excel in the harshest conditions, making them a cost-effective choice in road crossings, switches and turnouts, open-deck bridges, and freight line track. From Australia to New York, ECOTRAX" rail ties are the tested, proven, and superior choice for railroads around the world. For more information about ECOTRAX" rail ties, click here to learn more.
About AXION International Holdings, Inc.
AXION (OTCQB: AXIH) is 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 railtie 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.
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.
Contacts AXION Investor and Media Relations Andrew Haag Managing Partner IRTH Communications Email Contact 1-866-976-IRTH (4784)
Source: AXION International Holdings, Inc.