- Eden Innovations (EDE) has added Alabama, Alaska, and Colorado to its list of U.S. state approvals for EdenCrete Pz
- EdenCrete is a concrete strengthened by carbon, said to be stronger and more durable than regular concrete
- Eden now has its products approved in 18 states
- This gives Eden access to half of the United States’ total land area
- In mid-afternoon trade, Eden’s shares are up 2.6 per cent and worth just under four cents each
Eden Innovations (EDE) has added three more U.S. Departments of Transport to the list of state approvals for its levelled-up concrete product, EdenCrete Pz.
Alabama, Colorado, and Alaska are the latest additions to the growing group of now 18 states which approve Eden’s products. Another seven states are busy reviewing Eden’s applications.
EdenCrete is concrete strengthened by carbon. According to Eden, the product boasts stronger performance than regular concrete in strength, abrasion resistance, permeability, durability, and more.
Essentially, Eden touts EdenCrete as a new-and-improved concrete in all shapes and forms.
The product is designed primarily for construction and maintenance in roads, bridges, and other infrastructure. Particularly where severe weather conditions can wear away regular concrete over time, EdenCrete is made to battle the tough conditions.
Eden creates two forms of the product: EdenCrete and EdenCrete Pz.
With the 18 states approving the products, Eden’s products now reach 45 per cent of the total U.S. population and have access to over 65,000 bridges and 50 per cent of the total U.S. land area.
In late November, Eden kicked off a bridge trial in Georgia for EdenCrete which is set to be finished up early next year.
Eden said in today’s announcement the new additions to the Department of Transport list follow a completed National Transportation Products Evaluation Program (NTPEP) which assessed EdenCrete and EdenCrete Pz over 12 months.
With the evaluation of Eden’s products complete, the company can now lodge more applications around the States for its concrete products.
Eden’s share price saw a mid-morning spike but settled slightly in early afternoon trade. At 1:38 pm AEDT, Eden is up 2.63 per cent and selling shares for 3.9 cents each in a $67.22 million market cap.