NEW PROVIDENCE, N.J.--(BUSINESS WIRE)--Axion International Holdings, Inc. (OTCBB: AXIH), a leader in Recycled Structural Composite (RSC)™ technology used to produce EcoTrax™ railroad ties as well as Struxure™ building materials, announced that the company was featured during a green technology segment that first aired on November 17, 2011 during the pre-market morning news and talk program “Squawk Box” on CNBC.
During the segment, Dallas Area Rapid Transit (DART) Senior VP Tim McKay is interviewed and talks about the benefits of Axion’s 100% recycled plastic railroad ties called EcoTrax™, which are being utilized by DART on a two mile long bridge connecting Dallas and Fort Worth.
Mr. McKay states, “The composite ties are about twice the cost of a wood tie, but they will easily last 3 to 7 or 8 times longer… We estimate that we would save about 1,000 fully grown hard timber trees.” The piece goes on to describe how Axion’s proprietary technology was developed over the years in conjunction with scientists at Rutgers University.
“Having an opportunity to appear on a cable news channel that is as well-respected as CNBC represents a fantastic opportunity to raise awareness for Axion’s products and the proliferation of our green technology in general,” said Steve Silverman, Axion’s President and Chief Executive Officer.
The video segment that describes Axion’s cutting-edge 100% recycled plastic technology is available on CNBC’s website at: http://video.cnbc.com/gallery/?video=3000057782
A link to the video is also available on Axion’s homepage at: www.axionintl.com
Utilizing virtually 100% recycled plastics, Axion′s proprietary Recycled Structural Composite (RSC)™ material is inert and contains no toxic materials. It is impervious to insect infestation, will never leach toxic chemicals nor warp. Because it is lighter than traditional materials, transporting RSC is less expensive and reduces energy costs. In addition, Axion’s products are completely recyclable at the end of their functional life.
About Axion International Holdings, Inc.
Axion International Holdings, Inc. (OTCBB: AXIH) develops structural building products in the United States and internationally from 100% recycled consumer and industrial plastics. It offers structural composite railroad crossties, structural composite I-beams, tongue and groove planking, and various sizes of boards for use in engineered design solutions, such as rail track, rail and tank bridges, pedestrian and recreation bridges, marinas, boardwalks, and bulk heading. The Company markets its structural 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.