Axion International Receives Purchase Order for Engineered Composite Railroad Switch Ties from Toronto Transit Commission
Thursday May 29, 8:30 am ET
BASKING RIDGE, N.J., May 29 /PRNewswire-FirstCall/ -- Axion International, a wholly-owned subsidiary of Analytical Surveys, Inc. (OTC Bulletin Board: ANLT - News) an innovative developer for alternative infrastructure and building products industry, today announced it has received an initial purchase order for their specialty engineered composite railroad switch ties from the Toronto Transit Commission. The Toronto Transit Commission (TTC) is a public transport authority that operates buses, streetcars, subways, and advanced light rapid transit (ALRT) in Toronto, Ontario, Canada. (www.toronto.ca/ttc/)
In conjunction with Rutgers University, Axion has developed plastics technology utilizing virtually 100% recycled plastic; Axion's structural products have the distinct advantage of being environmentally friendly as well as providing superior products to customers. The Company's products address the increasing worldwide environmental concerns for deforestation coupled with the specific goals for recycling, reducing greenhouse gases and manufacturing products without toxic materials. Axion's products last longer than conventional creosote treated wooden ties, perhaps longer than fifty years, offering significant cost savings in maintenance and product replacement, have freedom from biological attack (including termites), moisture, and eliminate the hazardous exposure to humans and the environment.
Axion International CEO Jim Kerstein stated, "We're pleased to have received this initial purchase order from The Toronto Transit Commission for our engineered composite railroad ties. While this will be the first switch set order produced by Axion, our technology has previously been tested by TTC in their subway system. This order, procured by our Canadian sales partner H.J. Skelton, who since 1883 has been supplying top quality products to Railways and Transits, is expected to be the first of many. The Railway Tie Association data indicates the major North American railroads purchase between 18 to 20,000,000 crossties annually."
About Axion International
Axion International (www.axionintl.com) is positioned as an important structural product provider of alternative infrastructure and building products. Axion operates from a "green" base, developing structural products made from recycled consumer and industrial plastics that would otherwise be discarded into landfills. Axion International's patented technologies, developed in collaboration with scientists at Rutgers University, allow for products that are extremely strong, durable, flexible in use, and low maintenance. Traditional construction suppliers of wood, steel, and concrete cannot compete with the flexible design features of structural plastic. Manufactured from consumer and industrial waste plastics, Axion's upcycled products are an economic alternative to traditional building materials.
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 risk factors identified in Axion's filings with the Securities and Exchange Commission.
Investors:
Jim Kerstein
908-542-0888
jkerstein@axionintl.com
