Axion International Announces Availability of a White Paper by SmallcapInsights.com
BASKING RIDGE, N.J.-(Business Wire)-September 10, 2009 - Axion International Holdings, Inc. (OTCBB:AXIH), a next-generation technology innovator utilizing recycled plastic for high load industrial products, today announces the release of a white paper on the overall state of America’s bridges by the editors of SmallcapInsights.com.
Entitled “U.S. Bridges: Paying the Toll for Repairs and Replacements,” the white paper details the deterioration US bridges have experienced over the years, the billions of dollars in costs these repairs are estimated to take, and the consequences that delayed action could place on commuter’s safety, as evidenced by the collapse of the eight-lane I-35W Mississippi River bridge on August 1, 2007.
From the white paper, “The bottom line is that while the stimulus plan will bring needed repairs to many U.S. bridges, it will take a significant concerted effort from both the private and public sectors to repair the $279 billion worth of estimated damage to all deficient or structurally obsolete bridges in the United States today.”
As extolled in the previously announced BusinessWeek article released earlier this week, Axion International’s cutting edge technology, which was developed in conjunction with scientists at Rutgers University, has resulted in 100% recycled plastic materials that are the first known structural products of their kind that can support heavy loads. These structural building materials can be utilized in a number of industrial applications, including bridge infrastructure.
“As this white paper effectively illustrates, a rising number of bridges in the United States are in dire need of repair due to their ever-increasing age and lack of appropriate maintenance,” remarks James Kerstein, Chief Executive Officer of Axion International. “Even if our technology is utilized in only a percentage of the $279 billion worth of deficient bridge infrastructure in the US, we anticipate Axion’s 100% recycled plastic materials could provide an excellent opportunity to divert plastic waste that normally finds itself in landfills to high load industrial applications that have the potential to improve our nation’s infrastructure.”
A link to the white paper is available on the SmallcapInsights.com website:
http://www.smallcapinsights.com.
Utilizing virtually 100% recycled plastics, Axion′s structural products have the distinct advantage of not only being environmentally friendly, but also providing its clients with building materials of superior quality and life expectancy. Current structural applications include: railroad crossties, bridge infrastructure, marine pilings and bulk heading. Developed in conjunction with scientists at Rutgers University, Axion’s patented process transforms recycled consumer and industrial plastics into a myriad of structural products that are ideal replacements for last-generation materials, such as wood, steel or concrete.
About Axion International
Axion International is 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. Axion's up-cycled products are an economic and sustainable alternative to traditional building materials such as wood, steel or concrete. Developed in collaboration with scientists at Rutgers University, Axion's patented technologies allow for products that are extremely strong, durable, flexible in design, and low maintenance.
For comprehensive investor relations material, including fact sheets, research reports, interviews and video, please follow the appropriate link:
Investor Relations Portal, Research Report and Overview Video
For additional information, please visit Axion’s corporate website:
www.axionintl.com
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.
SEC Section 17(b) Disclosure: SmallcapInsights.com is a wholly owned subsidiary of Trilogy Capital Partners, Inc. (“Trilogy”). Trilogy has been engaged by Axion International Holdings, Inc. (“AXIH”) to provide investor relations services for compensation including a monthly retainer of $10,000 for an initial four month term, with an optional two month extension, in addition to 150,000 shares of restricted common stock of AXIH, 75,000 of which was received immediately and the remainder deliverable four months after the execution date of the engagement.
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