AXION Offers Oil & Gas Drillers Sustainable & Reusable STRUXURE Boards for
STRUXURE(R) Drill Site Curbing Boards Are Eco-Friendly Solution That
Offer Superior Economics to Traditional Materials
NEW PROVIDENCE, NJ -- (Marketwired) -- 06/25/13 -- 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 the
latest application of its infrastructure-grade patented building
materials for the oil and gas industry -- STRUXURE(R) Curbing Boards
which are used to install drill site liners that protect the
environment at drilling sites.
AXION has received three purchase orders to date for the new product
from Max Energy Services, a division of Max Environmental which is
located in the center of the Marcellus Shale natural gas region and
provides environmental and waste management services to energy
companies. Max Environmental is providing the curbing boards to
Pennsylvania based Rice Energy, a natural gas exploration and
production company. Max Environmental also sells and rents other
AXION products to the oil and gas industry including STRUXTURE(R)
Construction Mats to Midstream oil and natural gas companies.
Rice Energy will use AXION's STRUXURE(R) Curbing Boards as a
perimeter berm around high-density polyethylene (HDPE) liners to
prevent contaminants from leaving the drilling site. Oil and gas
drillers protect the environment immediately surrounding the drill
site by laying down HDPE liners to contain oil, gas and other liquids
coming out of wells. Traditionally, drilling sites have been
protected using a variety of berming materials including creosote
coated wood railroad ties or porous molded foam materials.
STRUXURE(R) Curbing Boards' benefits over wood and foam are both
financial and environmental. Wood and foam based products deteriorate
at an accelerated rate when wrapped in HDPE liners with high
temperatures, moisture and no access to air. STRUXURE(R) Curbing
Boards are impervious to moisture and have a significantly longer
life cycle than wood products. Wood and foam products also absorb and
release chemicals from drilling sites, creating challenges in
transporting and disposing of them after the drill site is
disassembled. STRUXURE(R) Curbing Boards do not absorb or release
chemicals, making them a more environmentally friendly choice and
reusable on site after site.
AXION uniquely offers the oil and gas industry a closed-loop
environmentally friendly solution that reduces the carbon and waste
footprint of their operations. HDPE liners used in drilling are
typically placed in landfills at the end of their useful life.
Millions of tons of synthetic liners are placed in landfills each
year across the U.S. AXION is now diverting these HDPE liners out of
the waste stream and using them as raw material to make STRUXURE(R)
products including curbing boards.
AXION is expanding its product line to serve the growing oil and gas
production industry to include STRUXURE(R) Rig Mats and STRUXURE(R)
Drilling Pads, which are currently being developed and are slated for
launch later in 2013. AXION products for pipelines include
STRUXURE(R) Pipe Supports and STRUXURE(R) Construction Mats, which
have already been purchased by several pipeline operators.
Max Environmental's Vice President of Sales for Energy Services,
Chris Morgan, commented, "The energy industry has a great interest in
sustainable products with longer life cycles that minimize the
industry's impact on the environment. AXION's products offer a very
compelling value proposition with the huge added benefit of
environmental sustainability. STRUXURE(R) Curbing Boards are a great
alternative to traditional wood and foam products and we think we'll
be providing a lot of them to drillers across the U.S."
"The energy industry is a high priority end-use segment for AXION.
The value proposition of our products is very clear for this industry
which has a great interest in sustainable materials and makes
purchase decisions quickly. We've aligned ourselves with distributors
who are selling AXION products into their installed base of oil and
gas industry customers," stated Dave Crane, Executive Vice President
Building Products for AXION.
"Our team has done a fantastic job of identifying markets outside of
our core rail business, where our composite infrastructure grade
building materials uniquely create value for customers. Our new
products use our current molds and machinery, thus minimizing any
additional costs associated with new product introductions," added
AXION President and CEO Steve Silverman.
About AXION International Holdings, Inc.
AXION (OTCQB: AXIH) is
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
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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AXION Investor and Media Relations
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