Axion International Receives First Order from New Zealand's National Railroad, Kiwi Rail.
NEW PROVIDENCE, N.J. -- Axion International Holdings, Inc. (OTCBB: AXIH), a leader in recycled plastic and plastic composite technologies used to produce ECOTRAX[TM] rail ties and STRUXURE[TM] building products, today announced the company's first purchase order being shipped to New Zealand's Kiwi Rail. The "sleepers" (railroad ties) are the rail line's first such order of Axion's longer lasting recycled ECOTRAX[TM] products and are being installed in critical application areas such as turnout switch-sets and transoms (ties installed on open deck bridges).
The order is being fulfilled through Axion's recently signed regional distribution agreement, which covers Australia, New Zealand and South East Asia. Kiwi Rail is a Statutory Corporation and the backbone of New Zealand's integrated transport network. Kiwi Rail manages more than 4,000 Km (2,400+ miles) of rail lines and 18,000 hectares (almost 45,000 acres) of land.
"Today's order from Kiwi Rail is another example of a leading global railroad turning to Axion to find a solution to the poor quality ties being shipped from traditional sources," stated Cory Burdick, Axion's ECOTRAX[TM] Sales Manager. "Our ties are without challenge in harsh environments and hard-to-maintain locations such as bridges and switches. They excel in areas where the environment tends to degrade traditional wooden ties. Axion's diversified global customer base continues to expand, and we're pleased that our unique product continues to gain traction."
"Axion is providing a product that we believe solves many of the environmental and stress-related challenges we face when purchasing sleepers for our rail lines," stated Mark Gullery, Kiwi Rails' Manager Track Engineering. "Kiwi Rail keeps an eye on the environmental challenges we face, as well as the mechanical challenges of railroad operations. We're looking for durability and sustainability, and we think Axion's ECOTRAX[TM] sleepers are an authentic solution to both of those concerns. We look forward to testing these new recycled plastic and sustainable replacements for wooden ties and to hopefully solving one of the challenges we face in the decline of readily available and reliable wooden ties."
Axion's ECOTRAX[TM] ties are engineered using the company's patented 100% recycled formula. ECOTRAX[TM] ties have helped divert millions of pounds of plastic bottles and waste into useful products that will last decades. Because ECOTRAX[TM] ties are extremely strong, durable and low maintenance they are an excellent, cost-effective alternative to traditional materials.
About Axion International Holdings, Inc.
Axion International Holdings, Inc. (OTCBB: AXIH) develops, manufactures and sells rail ties and structural building products made from 100% recycled consumer and industrial plastics and plastic composites. It offers its ECOTRAX(TM) composite rail ties, and STRUXURE(TM) composite structural building products, such as I-beams, pilings, tongue and groove planking, and various sizes of boards for use in engineered design solutions, such as rail and tank bridges, pedestrian and recreation bridges, marinas, boardwalks, and bulk heading, throughout the world. Axion markets its composite products to the railroad industry, military and industrial engineering and contracting firms. Axion International Holdings, Inc. was founded in 2006 and is headquartered in New Providence, New Jersey.
For additional information, please visit Axion's corporate website: www.axionintl.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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|Date:||May 8, 2012|
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