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Eden Innovations sees growth in U.S. orders for concrete additive

Eden can potentially benefit from Trump’s infrastructure initiatives.

EdenCrete is currently approved for use in seven U.S. states
EdenCrete is currently approved for use in seven U.S. states

Eden Innovations (ASX:EDE) has secured a second order for over US$90,000 of EdenCrete® which has been delivered to a Texas based pre-stressed concrete manufacturer for use in bridge beams.

This follows an initial order in April 2017 for more than US$100,000 worth of EdenCrete from the same manufacturer for use in Texas Department of Transportation (TxDOT) pre-stressed bridge beams.

EdenCrete is Eden’s 100% owned proprietary carbon-strengthened concrete additive that enhances a wide range of performance characteristics of the concrete.

Trials of EdenCrete are also scheduled to start with a second, large precast manufacturer with a view to get TxDOT approval for using EdenCrete in this manufacturer’s concrete mix for TxDOT bridge beams.

Furthermore, an order has been received from a new customer, a Texas based concrete manufacturer, for the use of EdenCrete in concrete to be used in the construction of a commercial water park.

Given Trump’s infrastructure initiatives, Eden can potentially be seen as a benefactor given its exposure to the U.S. market.

EdenCrete is currently approved for use in the U.S. states of Arkansas, Georgia, Mississippi, North Carolina, Tennessee, Texas and Virginia.

These states collectively have 21.5% of total U.S. population.

Eden’s shares are up 17% during the past one month, last trading at $0.245.

Quick facts: Eden Innovations Ltd

Price: 0.041 AUD

ASX:EDE
Market: ASX
Market Cap: $70.67 m
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