AXION Sells ECOTRAX Rail Ties to Major Australian Rail Line
AXION International, Inc.
180 South Street, Suite 104
New Providence, NJ, 07974
Press release date: November 26, 2013
AXION ECOTRAX® Composite Railroad Ties
NEW PROVIDENCE, N.J. – AXION International Holdings, Inc. (OTCBB: AXIH), a leader in recycled plastic and plastic composite technologies used to produce ECOTRAX® rail ties and STRUXURE® building products, today announced that it has received a $170,000 purchase order from a major rail line in Australia for its ECOTRAX® 100% recycled plastic rail ties. The rail line plans to install ECOTRAX® in turnout applications in New South Wales for the spot replacement of wood. ECOTRAX® ties will be inserted to replace wood ties, on an as needed basis, as the wood reaches the end of its useful life due to factors including rot and insect damage. This sale follows a favorable initial trail order and in-track testing.
"We are pleased to announce yet another major victory for our ECOTRAX® rail ties. There are several reasons why Australia is a potentially huge market for our products. Most importantly, high quality wood is becoming increasingly difficult and costly to find and maintain in Australia. Secondly, traditional wood preservatives used in the U.S. are not used in Australia thus making the wood more susceptible to rot and insect attack. Our 100% recycled plastic ECOTRAX® ties are resistant to these elements. ECOTRAX® rail ties not only provide strength and durability, they also offer a cost-effective and time efficient solution for our customers. We have demonstrated that market adoption of ECOTRAX® continues to grow domestically and internationally," stated AXION President and CEO Steve Silverman.
ECOTRAX® composite rail ties are made from AXION's patented, 100%-recycled plastic formulation. Because they are inert, ECOTRAX® rail ties will not rot or absorb moisture, and they are impervious to insect infestation. Setting the industry standard for composite rail ties, ECOTRAX® rail ties meet and exceed all American Railway Engineering and Maintenance-of-Way Association specifications and are continuously tested at third-party laboratories and in track. ECOTRAX® rail ties feature long life cycles and excel in the harshest conditions, making them a cost-effective choice in road crossings, switches and turnouts, open-deck bridges, and freight line track. From Australia to New York, ECOTRAX® rail ties are the tested, proven, and superior choice for railroads around the world. For more information about ECOTRAX® rail ties, click here to learn more.
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.
Axion, 180 South Street, Suite 104, New Providence, NJ 07974 United States