Over the past six months Eden Innovations Limited ("Eden") has made significant progress in the development of two new versions of EdenCrete®: a high concentration, lower cost version (EdenCrete® HC), and a new version suitable for use in the widely used concrete made with pozzolanic cement (EdenCrete® P). These two additional products will be formally launched at World of Concrete 2018 in Las Vegas in January 2018, two years after EdenCrete® was formally launched at the same convention. EdenCrete® HC: At present a version of double strength EdenCrete® is being trialled internally and is producing performance levels equivalent to twice that of the standard EdenCrete®. Because it requires a smaller volume for the same performance improvement, it results in reduced transport and storage costs, and a higher value product per gallon. As a consequence, the company anticipates that customers will be able to achieve the same performance level as from the standard EdenCrete® but at a significant discount to the current price. In addition, the profit margin that is likely to be achieved by Eden is anticipated to be higher. The anticipated lower effective cost for the same performance benefits is considered likely to increase the commercial attractiveness of EdenCrete® to customers, which in turn should accelerate the sales growth rate. EdenCrete® P: For more than six months, Eden has been developing and testing a new version of EdenCrete® that is compatible with pozzolanic concrete. This is a high strength alternative form of concrete that is used in a variety of industrial applications, such as pre-cast concrete, general construction, large industrial concrete structures such as bridges and dams, and marine settings. This new product will be called EdenCrete® P, and expands the EdenCrete® range into a significant new market which was previously not being targeted. EdenCrete® P aims to improve both the early strength and long-term strength of pozzolanic concrete. The early strength improvement is especially important in terms of commercial applications. The major downside of pozzolanic concrete is that it is weaker in the early stages of setting the concrete. This means that the concrete takes longer to produce, thereby increasing the time and equipment cost of projects that rely on it. By increasing early to mid-term strength, EdenCrete® P has the potential to shorten the curing time for pozzolanic concrete, thereby resulting in greater cost savings, as well as possibly improving the long-term strength of the concrete. As such, it is likely to be of considerable commercial interest.

The current Eden sales target, based only on sales of the original EdenCrete®, for the financial year 2017 is USD 6 million, and is projected to rapidly increase in succeeding years. Eden is on track to achieve the current year's goal based primarily on existing projects utilising EdenCrete® that are already in the pipeline. With the additional impact on sales of the new product ranges, Eden is hopeful to significantly exceed the current USD 6 million target.