Catalyst Corner wants to alert you to a recently announced catalyst for our featured company:
AXION International Holdings, Inc.
Revenue Opportunity: New Contract Wins
Axion International Holdings, Inc. (OTCQB: AXIH) announced on December 3rd 2013 that its subsidiary, AXION Recycled Plastics Incorporated, signed a 3-year $42 million contract to provide recycled materials to a major thermoplastics company.
AXION President and CEO Steve Silverman commented “In such a short period, we have demonstrated immediate success for our newly launched subsidiary, AXION Recycled Plastics. This contract strengthens our presence as a provider of reprocessed plastics and we anticipate receiving more contracts."
In addition, on December 30th 2013, Axion announced that a major domestic transit line located in the South Central region, has issued a purchase order for $925,000 of AXION's ECOTRAX® composite rail ties made with 100% recycled plastic and plastic composites.
Market Opportunity: Infrastructure Spending
According to a study performed by Lucintel, a transportation industry management consultant, spending on global infrastructure projects is expected to reach $3.3 trillion by 2017.
AXION is uniquely positioned to capture a portion of this spending as AXION’s products fulfill green technology initiatives and have already been accepted and used in infrastructure projects on six different continents.
Deteriorating infrastructure in the United States can serve as a further positive catalyst for AXION. Product lines such as ECOTRAX® Composite Railroad Ties & STRUXURE® Composite Infrastructure will compete for an estimated $20 billion a year in CAPEX spending commitments made by the nation’s rail operators as they upgrade and replace existing rail lines.
A video featuring AXION can be found at: www.catalystcorner.com
Further information can be found in the AXION Fact Sheet or on the AXION website: http://www.axionintl.com/