Murphy Analytics Raises Price Target on Axion International

New Report Updates Coverage and Raises 12-Month Price Target to $5.00

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Symbol	Price	Change
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BASKING RIDGE, N.J.--(BUSINESS WIRE)--Axion International Holdings, Inc. (OTCBB: AXIH - News), a next-generation technology innovator utilizing recycled plastic for high load industrial products, today announced the release of an in-depth research update by Patrick Murphy, CFA, principal of independent research firm Murphy Analytics.

As part of his detailed analysis of the company, Mr. Murphy has raised his 12-month price target on Axion International from $4.00 to $5.00 per share.

“Axion’s products offer structural solutions that are superior to many building technologies currently available, and do so in a manner that is both economically competitive and eco-friendly,” said James Kerstein, Chief Executive Officer. “This report provides investors with an in-depth analysis of Axion’s unique strengths, which includes the many benefits of our 100% recycled structural products, in addition to a comprehensive overview of our recent developments.”

From the Report, Mr. Murphy states:

“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.”

The report delves into the significant corrosion resistant properties, cost-savings and environmental benefits of Axion’s technology over alternative building solutions. Mr. Murphy notes:

“Based on significant recent business development achievements and the continuing view that the AXIH technology provides superior economics and functionality in an environmentally responsible manner for markets with tremendous opportunity, Murphy Analytics is raising the 12-month price target on AXIH from $4.00 to $5.00.”

Salient Points for Investors:

• Environmentally friendly products are made from 100% recycled plastics.
• Axion’s structural materials can bear loads equivalent to wood, concrete and steel, without typical rotting, rusting or corrosion. Virtually maintenance free.
• This thermoplastic technology has been studied and recommended in a research report by the Army Corp of Engineers.
• Recently constructed two bridges at Fort Bragg capable of supporting over 70 tons, enough to support an M1 Abrams Tank. The Army estimates it will receive a 34 to 1 return on investment by using this technology.
• Demand for products is growing rapidly. Axion estimates the bridge opportunity at Ft. Bragg alone is at $40 million over the next 5 to 10 years. Meanwhile, the total domestic rail tie market is over $1 billion annually.

Developed in conjunction with scientists at Rutgers University, Axion International’s cutting edge technology has resulted in 100% recycled plastic materials that are the first known structural products of their kind that can support heavy loads. Compared to traditional infrastructure materials such as wood, steel or concrete, Axion's innovative products are more durable and significantly longer lasting.

The complete report is available in Acrobat format, free of charge: http://www.murphyanalytics.com/uploads/AXIH_Update

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 comprehensive investor relations material, including fact sheets, research reports, interviews and video, please follow the appropriate link:
Investor Relations Portal, Research Report and Overview Video

For additional information, please visit Axion’s corporate website:
www.axionintl.com

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 risk factors identified in Axion’s filings with the Securities and Exchange Commission.

Axion International Holdings
James Kerstein, Chief Executive Officer
908-542-0888
kersteinj@axionintl.com
OR
Financial Communications:
Trilogy Capital Partners
Darren Minton, Vice President
Toll-free: 800-592-6067
info@trilogy-capital.com