Company Establishes Rail Tie Plating Services Offering Fully-Engineered Solution
SOURCE AXION International Holdings, Inc.
AXION International Holdings, Inc. (OTCQB: AXIH), a leader in recycled polymer technologies used to produce ECOTRAX® composite rail ties/sleepers and STRUXURE® composite building products is pleased to announce today that it has received $1.71 million in orders for plated ECOTRAX® tunnel ties from Eastern Rail Corporation for a major northeast-based transit line.
The tunnel ties are being produced and plated at AXION's facility in Waco, Texas,
scheduled for installation in early spring. Including recent capacity
expansion, AXION has established a complete rail tie plating fabrication
line specifically for tunnel ties to offer the finished product for
these orders and subsequent ones expected later this year. The Company's
engineered tunnel-tie system includes a plated ECOTRAX® tie, as well as
Eastern Rail's polymer-adhering grout, all of which is a direct
replacement for existing wood tunnel ties.
"Within
tunnels, maintenance is significantly more expensive than in other
areas of track, which is a combination of the volume of transit railcars
and the fixed capacity within tunnels," described AXION's Cory Burdick,
Director for the ECOTRAX® rail products division. "Our value
proposition features ease-of-installation with an inert product. Our tie
does not rot, installs like wood, and the grout is designed to cure
quickly, combining to reduce a transit's downtime for maintenance."
Instrumental in creating the complete system, Eastern Rail's President Miguel Morales designed a polymer-adhering grout that embeds into the ECOTRAX® embossing pattern
as it adheres to the concrete, locking the ties in place. "We found a
partner in AXION that shares our interest in being much more than a
manufacturer and supplier. The industry demands more sophistication and
engineered solutions to problems, not just parts," noted Mr. Morales.
"The ECOTRAX® product line, especially the tunnel-tie system, is a key
example of providing an engineered solution that is highly valued by
railroads."
Working
with a globally recognized engineering firm for over three years, AXION
developed and extensively tested its tunnel-tie system. Through
third-party testing at a structures laboratory and in-track trials,
AXION's tunnel-tie system has proven to be superior to every
alternative.
"We
are able to work with railway engineers to create a solution in these
critical areas, an evolution from being solely a material supplier to
the industry. During the next two years, we forecast that our
significant technical development work will lead to more high-value
orders and contracts, directly related to the increase in demand we are
seeing today," explained AXION's Cory Burdick.
About AXION International Holdings, Inc.AXION
(OTCQB: AXIH) creates innovative structural polymer solutions,
engineering sustainable products and systems that provide improved
long-term value, consistent performance, and reduced maintenance costs.
AXION develops its solutions for the infrastructure, transportation, and
energy industries. Visit www.AXIH.com.
About ECOTRAX® Composite Railroad TiesECOTRAX®
composite rail ties are manufactured by AXION using 100% recycled
plastics. Because they are inert, ECOTRAX® rail ties will not rot or
absorb moisture, and they are impervious to insect infestation. Setting
the industry standard, ECOTRAX® ties feature long life cycles and excel
in the harshest conditions. From Australia to New York, ECOTRAX® ties are the tested, proven, and superior choice for railroads around the world. Click here to learn more.
About Eastern Rail CorporationEastern
Rail Corporation was established in 2007, providing Miami Dade Transit
with innovative and technologically-advanced products. Eastern Rail has
grown beyond supplying a single transit, engineering green solutions for
the transportation industry worldwide. Click here for more information.
Forward-Looking Statements 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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