- Eden Innovations (EDE) believes it is well placed for the upcoming US$1 trillion (around A$1.3 trillion) infrastructure bill in the US
- A US Senate passed the infrastructure bill, with the House of Representatives advancing the bill and committing to vote on it by the end of the month
- The company said with the upcoming bill, it is in a good position after expanding and trialing its concrete additive EdenCrete in the US
- Just as the market opens this morning, Eden is in the grey and trading at 1.7 cents per share
Eden Innovations (EDE) believes it is in a strong position in the US for the upcoming US$1 trillion (around A$1.3 trillion) infrastructure bill.
A US Senate passed the infrastructure bill last month, with the House of Representatives advancing the bill and committing to vote on it by September 27.
House Speaker Nancy Pelosi said she is “committing” to pass the bipartisan infrastructure bill by September 27 and would “rally” her caucus to pass it.
The bill includes roads, bridges, airports, ports, wasteways and water infrastructure.
Eden produces EdenCrete, a carbon-strengthened concrete additive that enhances the performance of concrete and has been progressing the product since 2015.
The company said, with the upcoming bill, it is in a good position after expanding and trialing EdenCrete in the US.
“After more than six years of EdenCrete trials, sales and marketing in many parts of the US, that have developed a wide and rapidly expanding network across the US in both the government and private sectors, EdenCrete products are extremely well placed to be extensively used in the coming years in a wide range of large infrastructure projects,” the company said.
Just as the market opens this morning, Eden is in the grey and trading at 1.7 cents per share at 10:00 am AEST.