North American Technologies Group, Inc. (NAMC.OB), a leader in engineered composite technology, has announced today that its wholly owned subsidiary,TieTek LLC, has been awarded a contract to supply over 63,000 crossties for the Chicago Transit Authority Blue Line — Replacement Tie Project.
TieTek is a company that processes recycled plastics, discarded tires, and other materials to safely manufacture engineered composite products. These products provide a safer alternative to materials such as hardwood, concrete, and steel that are utilized in many modern applications. In fact, TieTek’s products have been rigorously tested by the Association of American Railroads.
Alex Rankin, NAMC’s Chief Executive Officer of NAMC.OB stated, “The supply agreement for the Chicago Transit Authority’s Blue Line Project represents significant progress in confirming the value proposition of the company’s engineered composite ties for transit rail applications. We are pleased that TieTek’s engineered tie was the preferred choice over wood, concrete and steel alternatives for one of America’s leading transit operations. We look forward to working with the Chicago Transit Authority and its other selected suppliers to assure a successful project and a high performance transit rail system.”
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