AXION Sells STRUXURE Products to Mining Industry Opening New End Use Market
STRUXURE(R) Products to Be Featured at Longwall Mining Trade Show on
NEW PROVIDENCE, NJ -- (Marketwired) -- 06/10/13 -- AXION
International Holdings, Inc. (OTCQB: AXIH), a leader in recycled
plastic and plastic composite technologies used to produce ECOTRAX(R)
rail ties and STRUXURE(R) building products, today announced its
STRUXURE(R) 100% recycled infrastructure building products are being
used in the coal mining industry.
This development follows successful product testing at two
independent, third party evaluation facilities, the National
Institute for Occupational Safety and Health (NIOSH) and at TUV
Rheinland Industrial Solutions. Based on these independent tests
which evaluated the products' weight bearing capacity, STRUXURE(R)
has been approved for use in underground mining operations. AXION's
distributor and customer each reviewed the results, were pleased with
the performance, and submitted a purchase order.
AXION shipped 12" pilings and 7"x9"-30" boards to a major NYSE-listed
coal mining company through Pennsylvania-based Williamstown Mining, a
distributor to the coal mining industry in Pennsylvania, West
Virginia and Ohio. The specific application in the field test of
STRUXURE(R) products is for roof support in coal mining.
Williamstown Mining will feature STRUXURE(R) products for use in
mining applications at the Longwall USA Exhibition and Conference in
Pittsburgh on June 11th through 13th. Longwall USA is North America's
largest longwall mining equipment trade show and features the latest
in technology and techniques in mining. The longwall method of mining
accounts for 50% of underground production.
Williamstown Mining's VP of Operations, Denny Welsh stated, "AXION's
STRUXURE(R) products offer a new solution for mining applications
including roof support and cribbing. Purchase decisions in the mining
industry are based on strength, weight, life cycle, safety and cost
of products. Sustainable materials are viewed positively. In the end,
it comes down to performance and cost over time. Based on
STRUXURE(R)'s properties and proven performance, we expect to see
strong interest from miners."
"This is a trial order which we believe will lead to more purchases
from the coal mining industry. The wet and acidic conditions in mines
lead to deterioration of traditional wood, concrete and steel
materials, whereas STRUXURE(R) is impervious to those elements,"
stated Dave Crane, AXION's Executive Vice President of Building
"Our ECOTRAX(R) railties have already been in track testing in Chile
with one of the largest mining companies in the world. With this
first purchase order for roof supports, we are expanding our product
offerings into the mining industry. Opening new end use markets for
our proprietary products is a key part of our growth strategy,"
stated AXION President and CEO Steve Silverman.
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(R)
composite railtie and STRUXURE(R) 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.
AXION Investor and Media Relations
Press spacebar to pause and continue. Press esc to stop.