AXION Receives $801,000 Laminated Mat Order from Superior Energy Resources
Company Meets Growing Demand with Increased Capacity and Fabrication Capabilities
ZANESVILLE, Ohio, March 2, 2015 /PRNewswire/ -- AXION International Holdings, Inc. (OTCQB: AXIH), a leader in recycled polymer technologies used to produce ECOTRAX® composite rail ties/sleepers and STRUXURE® composite building products is pleased to announce today that it has received an $801,000 order from Superior Energy Resources, LLC, a leading distributor in the Marcellus and Utica shale regions, for STRUXURE® laminated mats, AXION's new product line extension within the STRUXURE® construction mat product group. The mats are being produced at AXION's Zanesville facility on new equipment, and they will be installed on natural gas upstream projects across Ohio, Pennsylvania, and West Virginia in the next few months.
"We have worked to provide high-value, long-lasting engineered products for our customers," explained AXION's Dave Crane, EVP for Building Products. "In partnering with Superior Energy Resources, we have developed several composite matting solutions for oil and gas drilling projects that offer greater durability than alternatives, will not absorb liquids, and are easy to transport and install. Our expanding group of STRUXURE® construction mats are made from recycled plastic and can be recycled again at the end of their useful life."
Laminated, or layered, construction mats are used primarily in oil and gas upstream projects to support active heavy equipment, and large stationary items such as water tanks, as well as to build access roads to the drill pads. Superior Energy's interest in AXION's composite mats is to expand its current product portfolio for various applications on shale gas projects that it manages today. Superior Energy's COO Stan Foster noted that "STRUXURE® laminated mats represent the next generation of composite matting for the customers that we serve, and it was an easy choice to partner with AXION, a company that engineers solutions based on needs in the field."
Superior Energy Resources is an integrated business that services Marcellus and Utica natural gas shale development through site construction, fabrication production, water management, equipment rental, site services, and waste removal. Serving energy companies across the northeast region has been the key to Superior's growth and success. Adding AXION's composite mats to an existing line of rig mats, water tanks, hoses, fittings, steel fabrication, and containment liners is a natural extension to an already successful value proposition. Superior is expecting growth from its existing customers, has significant new customer acquisition plans, and views AXION as a key partner to a profitable future.
"AXION is forecasting significant growth in demand for our STRUXURE® construction mats. Our recent manufacturing capacity and fabrication enhancements are ready to meet increasing demand for our engineered products," stated AXION's Dave Crane.
About AXION International Holdings, Inc.
AXION (OTCQB: AXIH) creates innovative structural polymer solutions, engineering sustainable products and systems that provide improved long-term value, consistent performance, and reduced maintenance costs. AXION develops superior polymer solutions for the infrastructure, transportation, and energy industries. Visit www.AXIH.com.
About STRUXURE® Construction Mats
Made with recycled plastics, AXION's composite matting solutions are non-corrosive, impervious to moisture, resistant to abrasion and tread wear, do not absorb or release any liquids or chemicals, and are ideal in wet and harsh-temperature environments. Consisting of heavy and laminated mat product lines, STRUXURE® mats are an engineered, long-term matting solution for industrial, energy, and civil construction projects. Click here to learn more.
About Superior Energy Resources, LLC
Superior Energy Resources, LLC is a family business located in Brockway, Pennsylvania, that supports and services the shale gas industry. Offering backyard services at the drill rig, rig mats, hoses and fittings, access mats, steel fabrication, containment, and more. You're in our backyard. Why aren't we in yours? 814-265-1080 or [email protected].
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 availability of materials at favorable pricing, sufficient manufacturing capability and the risk factors identified in AXION's filings with the Securities and Exchange Commission.
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SOURCE AXION International Holdings, Inc.
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