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Eden Innovations (ASX:EDE) directs focus to sporting stadiums

Industrial
ASX:EDE      MCAP $7.357M
18 September 2020 02:15 (AEST)
Eden Innovations (ASX:EDE) - Executive Chairman, Gregory Howard Solomon

Source: Business News

Eden Innovations (EDE) has directed its focus onto sporting stadiums after a year of consistent EdenCrete purchases at a U.S. sports stadium.

The clean-tech concrete developer owns the EdenCrete carbon-strengthened concrete additive which boasts a wide range of performance characteristics. These include compressive and flexural strength, abrasion resistance, reduced permeability, and increased elasticity. Overall, EdenCrete delivers stronger, tougher and longer-lasting concrete.

While the small concrete repair projects weren’t individually significant in size or value, the repeated selection of EdenCrete has encouraged the company to market its concrete additive for similar applications at other sporting stadiums and suitable high usage sites.

The range of applications that EdenCrete has successfully been applied to include interior and exterior corridors, perimeter facilities, shotcrete concrete applications, freight ramps, and security and screening areas.

As a result, Eden has begun actively targeting this market. It is currently preparing marketing materials to support approaching sporting stadiums and complexes across the U.S.

Company shares are trading flat for 2.6 cents at midday trade.

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