Located in New Providence, New Jersey, Axion International Holdings has become a leading structural solution provider of cost-effective alternative infrastructure and building products. Yesterday, Axion announced they have received their first purchase order in the Caribbean for material used in the construction of a two-mile long beachfront boardwalk in Trinidad.
The order was received from Reddi Solutions Company, Ltd. for Axion’s innovative Recycled Structural Composite (RSC) material. The first phase of the project will be 1,200 linear feet of 12’ wide, low profile boardwalk which will replace a concrete path.
Due to harsh weather conditions, the client faced several challenges in choosing appropriate material. Axion’s technology allowed for an array of options in this project. Plans for the second phase of the project have not been completely finalized but 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.
Leading the team at Axion is Steve Silverman whom serves as President and CEO of the young company. In reference to this press release, Silverman stated, “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.”
Currently, Axion is trading in the $1.19 range. To learn more about this press release or the company as a whole, visit the company’s website at www.axioninti.com
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