Eden Innovations Ltd ('Eden') (ASX: EDE) is very pleased to announce that it has received its first post COVID-19 orders for EdenCrete products from New York and Ohio based companies, in both of which States the construction industry has been shut down since early in 2020.

These two orders, each of which is for less than US$10,000 worth of EdenCrete products, were received following the recent easing of COVID-19 pandemic restrictions on the construction industry in both New York and Ohio.

These orders, each of which is to re-fill the EdenCrete dispensing systems that are installed at the customers' plants, are each scheduled to be dispatched within the next ten days, and represent a very welcome market development.

The New York order is the first repeat order from a ready-mix company that supplies concrete largely for the low-medium rise construction industry (see Eden ASX announcement 7 October 2019).

The Ohio order is from a ready-mix company with which Eden recently carried out a number of successful trials in Ohio (see Eden ASX announcement 19 June 2020).

SUMMARY

After the COVID-19 pandemic lockdowns and the very difficult commercial conditions in the US over the past 5 months, these first orders from ready-mix companies in New York and Ohio to re-fill installed dispensing systems, are very welcome milestones for Eden that will help generate the projected significant growth of EdenCrete product sales across the US over the next 12 months.

BACKGROUND

EdenCrete is Eden's 100% owned, proprietary carbon-strengthened concrete additive that enhances a wide range of performance characteristics of the concrete including compressive strength, flexural strength, tensile strength, abrasion resistance, reduced permeability, increased modulus of elasticity, and reduced shrinkage, delivering stronger, tougher, more durable and longer lasting concrete.

One of the primary target markets for EdenCrete is improving the performance of concrete used in the construction and maintenance of concrete roads, bridges and other infrastructure, particularly where it is subject to heavy wear, freeze/thaw weather conditions and/or high levels of added salt. Additionally, it has potential for use in most other concrete applications including high-rise building construction, marine and coastal applications, water storage and pipelines, hardstand areas, warehouses, shotcrete applications and pre-stressed and pre-cast concrete structures and products.

Contact:

Tel: +61 8 9282 5889

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