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North American Technologies Group Receives One Million Composite Tie Order

  • Monday, 9th December 2002
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North American Technologies Group has received an order for one million of its patented TieTek railroad ties from Union Pacific Railroad. The Company valued the six-year order at more than $55 million.

“”This order from Union Pacific validates the technical and environmental benefits of our ties and confirms NATK as the leading developer and manufacturer of composite ties,”” said Henry Sullivan, President and Chief Executive Officer of NATK. “”Through our TieTek subsidiary, we have more than 50,000 ties in successful operation with Union Pacific in about 25 locations in 10 states. This new order is especially gratifying and represents the basis for our continued expansion.””

“”Union Pacific became interested in composite plastic ties as an environmentally attractive alternative to wooden ties in applications involving heat and humidity and heavy load conditions,”” said David Connell, General Director – Engineering Technology for Union Pacific. “”We have been working with TieTek since 1996. The TieTek ties have performed very well, including handling more than 700 million gross tons of load on one of our coal lines without any failures.””

The Company said it will continue to expand its production capacity to meet existing demand as well as terms of the Union Pacific agreement, which runs from January 2003 through December 2008.


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