Jun 4 2010
Axion International (OTCBB: AXIH) a producer of the world’s strongest recycled plastic industrial building products, today announced the Company’s first two purchase orders for railroad crossties made out of Recycled Structural Composite (RSC) by Moroccan National Railway Company (ONCF). ONCF operates more than 1100 miles (1900 kilometers) of track throughout Morocco (North Africa) and carried over 29 million passengers last year.
“Axion is extremely pleased to enter into business with ONCF,” stated James Kerstein, Axion CEO. “Strategically, it is critical for Axion to establish a presence in International markets. Being able to meet the needs of global customers – and in particular their distinctive railway specifications - is a testimony to the ease with which RSC can be customized to meet different customers’ needs.”
“ONCF’s selection of Axion RSC was driven by the fact that in virtually every conceivable situation RSC is less expensive than traditional solutions, it is easier to install, and it lasts much longer,” continued Kerstein. “As a green company, promoting clean solutions, Axion is extremely pleased to establish a relationship with one of the largest rail systems on the Africa continent. By prioritizing economically feasible and environmentally friendly solutions to infrastructure challenges, ONCF is sending a powerful message of advanced renewable alternatives throughout the region.”
Developed in conjunction with Rutgers University’s Materials Sciences and Engineering Department, Axion International’s cutting edge technology has resulted in virtually 100% recycled plastic materials, Recycled Structural Composites (RSCs) that are the first known structural products of their kind that can support heavy loads. Compared to traditional infrastructure materials such as wood, steel or concrete, Axion's innovative products are more durable and significantly longer lasting.
Source: http://www.axionintl.com/