Attached files
| file | filename |
|---|---|
| 8-K - AXION INTERNATIONAL HOLDINGS, INC. | v205099_8k.htm |
Exhibit
99.1
ANTHONY
B. HATCH, VETERAN RAILROAD INDUSTRY ANALYST,
JOINS
AXION INTERNATIONAL BOARD OF DIRECTORS
NEW
PROVIDENCE, N.J. - December 9, 2010 – In a move that significantly reinforces
the company’s commitment to align its management and leadership with
target-industry interests, Axion International (OTCBB: AXIH), producer of the
world’s strongest recycled, composite plastic industrial building products and
railroad ties, announced today that veteran railroad and surface transportation
industry analyst, Anthony Hatch, has joined the company’s Board of
Directors.
“Today’s
announcement is another example of Axion’s firm resolve to more closely align
the company’s leadership with the industries in which we are operating,” stated
Jim Kerstein, Axion’s Co-founder and CEO. “We are committed to securing
individuals with expertise and experience in the areas where our business
intersects with the future of our target industries. It is imperative at this
stage in our growth that we build the strongest team possible to further our
strategic goals, and there is no better candidate for that role in the railroad
industry than Tony Hatch.”
Commenting
about his appointment to Axion’s Board, Hatch said, “In my years working in and
analyzing the railroad industry, I have come across many technologies that
attempt to partner green-tech concepts with evolutionary applications. My search
for truly game-changing technologies has led me to Axion’s unique Recycled
Structural Composite. It is among the best and most practical ‘go green’
applications for the railroad industry I have seen. I look forward to being a
part of the company’s Board and to helping identify avenues, both domestic and
international, where Axion’s products will find their greatest
traction.”
Mr. Hatch
has been a senior transportation analyst on Wall Street for over twenty years,
starting at Salomon Brothers and proceeding from there to Argus Research,
PaineWebber and NatWest Markets (USA). He began his own independent consultancy
in 1999. Mr. Hatch’s coverage focuses on the freight transportation segment,
particularly surface transportation. He is known throughout the industry for his
knowledge of the intermodal arena, where the various modes of freight transport
converge. Most recently Mr. Hatch has been providing not only traditional
institutional research and consulting services to major railroads but also due
diligence and other services to private equity and hedge funds, in such areas as
rail maintenance and construction, railcars and third party logistics. Along
with his frequent contributions to Progressive Railroading, a leading railroad
industry publication, he co-sponsors “RailTrends”, the most comprehensive
railway industry conference held each Fall in New York City.
Axion is
the industry leader in providing the construction and rail industry with
high-grade infrastructure building material made entirely from post consumer and
post-industrial polymers and polymer composites. Its patented Recycled
Structural Composite (RSC), which outperforms similar composite materials it has
been measured against, diverts millions of pounds of plastic from the nation’s
waste stream. One of the company’s primary products is a composite railroad tie
that has been under extreme testing by the Association of American
Railroads at their test track in Pueblo, CO, surviving intact and unchanged for
more than 13 years. Axion produces other infrastructure building products,
including: I-beams, pilings, bulkhead and cross beams. Its RSC products have
been used to build bridges for the US Military capable of supporting 70+ ton M-1
tanks and 120+ ton railroad locomotives at Forts Bragg, NC, and Eustis, VA,
respectively.
Developed
in conjunction with Rutgers University’s Materials Sciences and Engineering
Department, Axion’s RSC 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, RSC is completely recyclable at
the end of its functional life.
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
additional information, please visit Axion’s corporate website:
www.axionintl.com
Corporate
Relations
Jason
Baum
908-542-0888
jbaum@axionintl.com
Media
Relations
Sean
Mahoney
310-867-0670
seamah@gmail.com