AXION Ships ECOTRAX® 100% Recycled Composite Rail Ties to Passenger Railway in
NEW PROVIDENCE, N.J., Jan. 9, 2014
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
SOURCE AXION International Holdings, Inc.
Contact: AXION Investor and Media Relations, Andrew Haag, Managing Partner,
IRTH Communications, firstname.lastname@example.org, 1-866-976-4784
Press spacebar to pause and continue. Press esc to stop.