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SOURCE AXION International Holdings, Inc.
Major Domestic Transit line purchases AXION ECOTRAX for annual tie maintenance to replace rotted wood rail ties
NEW PROVIDENCE, N.J., Dec. 30, 2013 /PRNewswire/ -- AXION International Holdings, Inc. (OTCQB: AXIH), a leader in recycled plastic and plastic composite technologies used to produce ECOTRAX® rail ties and STRUXURE® building products, today announced that a major domestic transit line located in the South Central region, has issued a purchase order for $925,000 of AXION's ECOTRAX® composite rail ties made with 100% recycled plastic and plastic composites.
ECOTRAX® composite rail ties were chosen by the existing customer to be used for an annual spot replacement of rotted wooden ties. The decision to continue the purchase and use of ECOTRAX® was a result of proven durability, time efficiency, and lifecycle cost savings over traditional ties, particularly in the various climates of the South Central region. The purchase order will be issued to support two install projects, with the second phase purchase order to be finalized by the first week of January.
"We continue to demonstrate that ECOTRAX® delivers great value to our customers and the rail industry," stated Cory Burdick, AXION's ECOTRAX® Sales Manager. "Rail operators are actively seeking alternatives to address the increasingly expensive maintenance and replacement issues associated with wooden ties and ECOTRAX® provides them with a solution on a global scale. Over the last two years, we have expanded our business worldwide and continue to produce a very consistent quality product which is being recognized by both existing and new customers."
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.
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