Axion International (AXIH) Inks Deal to Provide Aluminum Giant Alcoa with Proprietary, 100% Recycled Railroad Ties

QualityStocks would like to highlight Axion International (OTCBB: AXIH), a leading structural solution provider of cost-effective alternative infrastructure and building products. The company’s "green" proprietary technologies allow for the development and manufacture of innovative structural products made from 100% recycled consumer and industrial plastics.

In the company’s news Friday,

Axion International announced it has signed its first order to provide its Recycled Structural Composite (RSC) railroad ties (called sleepers in Australia) to Alcoa Fastening Systems, a subsidiary of Alcoa Inc. (NYSE: AA).

Alcoa is one of the largest producers of aluminum in the world and using Axion’s recycled technology will help the leading company implement an environmentally friendly standard to its operations.

“We are pleased to announce this new contract-win and look forward to working with Alcoa’s team as we complete our first project together,” Jim Kerstein, Axion’s chief technology officer stated in the press release. “Using our patented material, designed from 100 percent recycled plastic, Alcoa will be able to further reduce its carbon foot-print, while simultaneously investing in a superior sleeper that is expected to last significantly longer than the typical hardwood sleepers presently used.”

The railroad sleepers are expected to be delivered by late April and will replace the wooden sleepers that the Wagerup refinery has used since the 70s.

“Due to their unique blend of recycled polymers, Axion is providing Alcoa with a material that is not only good for the environment, but more cost effective than traditional railroad sleepers on a long-term basis. After our initial purchase we will evaluate Axion’s materials on both an engineering and cost basis for potential use in future railroad sleeper projects throughout Australia, the Pacific and South East Asia,” said Glen R. Woodrow , manager of Mining, Rail, Oil & Gas of Alcoa Fastening Systems.

Axion’s proprietary RSC material was developed in conjunction with Rutgers University’s Materials Sciences and Engineering Department. The material is inert and contains no toxic materials, impervious to insect infestation, and will never leach toxic chemicals nor warp. Additionally, RSC is lighter than traditional materials, making the transport of RSC less expensive, resulting in reducing energy costs.

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