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Eden Innovations (ASX:EDE) paves the way for project ramp up

Industrial
ASX:EDE      MCAP $7.357M
25 March 2020 18:15 (AEST)

Eden Innovations (EDE) is continuing to serve its customers and has taken measures to protect working staff during the COVID-19 pandemic.

Eden’s lead product, EdenCrete, is a carbon nanotube mixture for concrete, which aims to significantly improve tensile and flexural strength without compromising corrosion and strength resistance.

When added to a concrete mixture, the nanotubes fill the microscopic spaces between the cement particles.

Once the concrete has dried and set, the nanotubes create millions of strong and flexible carbon bridges throughout the structure.

The company’s U.S. subsidiary, Eden Innovations LLC, has taken steps at its facility in Littleton, Colorado, to ensure staff and well looked after while operations continue.

Eden has created shifts for its workers to reduce the total amount of people on-site at any given time.

Guidelines have been developed for the cleaning of public and personal spaces in the office before shifts begin.

Working from home has also been set up for staff who are not needed in the office.

Eden is already in their second week of this schedule and everything is continuing as normal at the Littleton facility.

Just yesterday, the City of Denver announced a “Stay at Home” order for the city and county, however, this has no impact on Eden and its employees.

Under The City of Denver’s Department of Public Health, Eden can continue to operate, as they are classified an essential business.

Despite COVID-19, Eden’s sales specialists are continuing to sign new customers and are able to engage face-to-face with clients when they are able to, however, with a 1.5-metre distance.

If this isn’t possible then meetings are being held virtually using Eden’s information technology infrastructure.

In discussions with several DOTs (Department of Transport), Eden has been made aware of plans to speed up projects by working on the unusually quiet roads.

Rather than working section by section, DOTs are instead opting to fix everything at once to do the most they can in this time.

Eden has ended the day 10 per cent in the green with shares trading for 2.2 cents each in a $34.47 million market cap.

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