Axion International one of the leading producers of industrial building products and railroad ties made from 100% recycled plastic, announced it has received a purchase order from Reddi Solutions Company, Ltd. for Axions innovative Recycled Structural Composite (RSC) material, which will be used in the first phase of a two-mile long beachfront boardwalk in Trinidad.
The first phase of the project will be 1,200 linear feet of 12 wide, low profile boardwalk, which will replace a concrete path. The client was faced with some challenges in choosing an appropriate material for investing into this new boardwalk project. The salty tropical climate is well known for its harsh conditions for concrete and steel building materials. Pressure-treated wood fares no better and was not considered for this project. The new boardwalk will include additional deck areas, bench seating, and a lifeguard tower. The plans for the second phase of the project have not been completely finalized, but it is expected to be significantly larger than phase-one. Both phases of the beachfront boardwalk are being managed by the Chaguaramas Development Authority (CDA) and will be located in the tourist area of the Chaguaramas peninsula, which is situated in the northwest of the island nation of Trinidad.
Steve Silverman, Axions President and CEO, commented, We have been working hard in the Caribbean to educate various organizations about our material and the benefits of our technology, so we are very pleased with this breakthrough order and the opportunity to have our building materials selected for this project in Trinidad. Reddi Solutions and the CDA chose our products due to the fact that our products are impervious to water, bugs, and are chemical-free. Additionally our products will not deteriorate or corrode and require no maintenance, thus presenting a cost effective solution. Axion products are perfect for this part of the world and we look forward to closing additional opportunities located in the Caribbean that are in our active pipeline.
The CDA in Trinidad was established by an Act of Parliament in 1972 to administer and coordinate the development of the northwestern peninsula, known as the Chaguaramas peninsula, a 14,572 acre region that includes several offshore islands. The topography of the Chaguaramas peninsula is characterized by 3,000 acres of relatively flat lands with scenic beachfront areas, dominated by an intricate mountain system with sheltered harbors and coves. Chaguaramas offers a unique opportunity for the development of tourism, leisure and marine related industries due to its five scenic beachfront areas all ideally suited for restaurants, shops, leisure and recreational facilities.
Axions proprietary Recycled Structural Composite (RSC) material is inert and contains no toxic materials. It is impervious to insect infestation, will never leach toxic chemicals nor warp. Because it is lighter than traditional materials, transporting RSC is less expensive and reduces energy costs. In addition, Axions products are completely recyclable at the end of their functional life.
About Axion International
Axion International is one of the leading structural solution providers of cost-effective alternative infrastructure and building products. The Companys "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.
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 Axions actual results to differ materially from those currently anticipated, including the risk factors identified in Axions filings with the Securities and Exchange Commission.
Source: Axion International