AXION Ships ECOTRAX® 100% Recycled Composite Rail Ties to Passenger Railway in Europe
NEW PROVIDENCE, N.J., Jan. 9, 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 that it has shipped an order to a second European railroad for in track testing. The shipment includes 700 sleepers and 3 switch sets and will be used on a narrow gauge passenger railway as part of their annual refurbishment and renewal program.
"The global adoption of AXION's ECOTRAX® ties/sleepers is evidenced by such continued support, recognition and sales of our rail products," stated AXION President and CEO Steve Silverman. "We are excited to be working with our European partner, Sicut Enterprises Limited, and expect to see more opportunities for sales orders through this partnership over the next 12 months. Europe is a fantastic market for our products as the region is very serious about sustainability and the rail industry is very technologically advanced. Also Europe is working against a deadline that will potentially ban the use of creosote treated wood products by 2018. ECOTRAX® ties have been proven to be resilient and impervious to climate changes offering longevity and higher ROI for our customers while also providing environmental benefits."
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.
About AXION International Holdings, Inc.
AXION (OTCQB: AXIH) is a vertically-integrated green technology company, and a leader in transforming waste plastics into structural building materials and value added reprocessed plastic resins. 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. The Company's subsidiary, AXION Recycled Plastics Inc., recycles post-consumer and post-industrial plastics. Using these 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. www.AXIH.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 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.