AXION Announces Entry into Asia and Receives In-Track Testing for ECOTRAX® 100% Recycled Rail Ties Testing Begins with One of the Busiest Transit Lines in the World
NEW PROVIDENCE, N.J., March 20, 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, today announced the Company's entry into Asia. AXION has received approval to start in-track testing for its ECOTRAX® Rail Ties with one of the busiest transit lines in the world.
More recently, progressive economic and infrastructure development in Asia has led to government adoption and implementation for better, smarter practices that incorporate a "Greener" initiative. The move into Asia adds to AXION's impressive base of clients throughout the world.
"We are so excited to be announcing a new geography for our ECOTRAX® 100% Recycled Rail Ties," commented Cory Burdick, Manager of ECOTRAX® Rail Division. "We have now received approval for in-track testing with one of the most advanced and busiest transit lines in the world. ECOTRAX® rail ties do not absorb moisture, making them imperious to water, fungus and rot and they are more durable than wood and offer longer longevity. We believe we are at a trajectory for continued growth and hope to shorten our sales cycle as our product gains provability and as the global rail industry and more countries are exposed to the superiority and benefits of our recycled plastics."
AXION currently sells its ECOTRAX® rail ties/sleepers to multiple domestic and international transit and freight railroads including a domestic Class 1 contract and a trial with a second Class 1.
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 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.
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.
SOURCE AXION International Holdings, Inc.