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.
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.