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Eden Innovations (ASX:EDE) receives first significant Australian EdenCrete order

Industrial
ASX:EDE      MCAP $7.357M
07 July 2020 13:30 (AEST)

Eden Innovations (EDE) has received its first significant purchase order from Parchem Construction Supplies.

Parchem is an Australian and New Zealand distributor of the EdenCrete products.

The order is valued at US$65,274 (roughly A$93,779) and is for a 20-foot container load of EdenCrete products.

The container load is mostly comprised of EdenCrete, as well as a limited quantity of EdenCrete Pz. The products will be supplied from Eden Innovations’ plant in Littleton, Colorado.

EdenCrete is Eden’s wholly-owned carbon-strengthened concrete additive that has proven to increase the strength, durability and elasticity of standard concrete.

The product has gone through a number of tests, the stand out being the recent Port of Savannah trial. Eden received the opportunity to showcase the EdenCrete mixture on a section of concrete which had been subject to heavy loading and abrasion from cranes.

Eden Innovations is pleased with the purchase order and by the resulting momentum its concrete additive is receiving from Australian and New Zealand-based potential customers.

Company shares are up 3.70 per cent and trading for 2.8 cents each at 12:41 pm AEST.

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