LAS VEGAS, Oct. 26, 2009 (GLOBE NEWSWIRE) -- An in-depth research report focused on recycled materials and an examination of Axion International Holdings, Inc. (OTCBB:AXIH), a next-generation technology innovator utilizing recycled plastic for high load industrial products, has been published at http://www.murphyanalytics.com/uploads/AXIH_Update
The report should be of particular interest to investors of recycled materials leaders International Paper Co. (NYSE:IP), Advanced Environmental Recycling Technologies, Inc. (Nasdaq:AERT), Magnum D'Or Resources, Inc. (OTCBB:MDOR), and Vulcan Materials Company (NYSE:VMC). Locate every blog, news item, message board and more for any of these companies at financial search engine www.BoardMark.com
In the report authored by Patrick Murphy, CFA, principal of independent research firm Murphy Analytics, the company price target also has been raised.
From the Report: "Within the last month, AXIH has participated in the official public unveiling of the bridges at Ft. Bragg and has had its thermoplastic technology extensively studied and recommended in a report published by the U.S. Army Corps of Engineers, which concluded that the AXIH bridge has an expected life of 50 years and reaches breakeven at 8 years relative to a wooden bridge likely to last only 15 years. During the dedication ceremony at Ft. Bragg, a Senior Acquisition Policy Specialist from the Office of the Assistant Secretary of the Army (Acquisition, Logistics, and Technology) estimated a 34 to 1 return on investment utilizing the AXIH technology."
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.
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