- Eden Innovations (EDE) has found success in Georgia, selling US$370,000 (about A$486,000) worth of Eden Crete products
- The sales all relate to projects within the U.S. state, including several highway repairs and waste management projects
- An additional two highway repair projects are also expected to be signed soon, worth an estimated US$570,000 (around A$748,000)
- Eden has also signed a new shotcrete customer and had two other customers sign up for trials of the product
- Shares in Eden Innovations are down 2.94 per cent at 3.3 cents each
Eden Innovations (EDE) has found recent success in the U.S. State of Georgia, where it’s made several large-scale sales.
The industrial and energy stock has sold US$370,000 (about A$486,000) worth of Eden Crete products in the last three months.
Around US$263,000 came from five Georgia Department of Transportation (GDOT) highway pavement repair jobs, while the other US$107,000 came from a waste transfer station project.
EDE is expecting the number of GDOT highway repair projects in Georgia to continue to grow in the coming months.
Specifically, the company said it expects to sell US$570,000 (around A$748,000) worth of EdenCrete for various GDOT highway repair projects.
“EdenCrete sales in Georgia continue to grow and further expansion of this important market is anticipated over the coming years,” the company said.
In addition to its success with EdenCrete, the company revealed it had signed a new shotcrete customer to use the product.
Another two customers have also signed up to use EdenCrete in their shotcrete mixes for swimming pool and earth stabilisation projects.
Despite the sales gains, shares in Eden Innovations are down a slight 2.94 per cent at 3.3 cents each at 2:18 pm AEDT.