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EDEN INNOVATIONS LTD — Capital/Financing Update 2017
May 29, 2017
64820_rns_2017-05-29_f4ddd1a3-30d9-45d9-bcd3-caceed7b8598.pdf
Capital/Financing Update
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ACN 109 200 900
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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
30 May 2017
EDENCRETE®
COLORADO PRODUCTION SCALE-UP
Eden Innovations Ltd (“Eden”) is very pleased to announce that its expanded EdenCrete® production facility in Colorado has been installed and successfully trialled and is capable of producing EdenCrete®.
The integration of the various components that have all been individually tested, is in its final stages and, barring technical delays, the largely automated and integrated plant should be capable of achieving full production capability of between 2 million and 2.4 million gallons of EdenCrete® per year, within the next three to four weeks.
A number of minor delays were encountered during the project, some of which, including delays in obtaining necessary local government approvals and inspections, were beyond Eden’s control, and which collectively delayed the project by several months.
However, the custom designed and built plant, which will provide a more than a twenty-fold increase in EdenCrete® production capability, now looks set to deliver to Eden the huge increase in production capacity that will enable it to greatly expand its markets and increase its sales of EdenCrete®, not only in the USA but also in a number of other countries from which very strong interest is being shown.
BACKGROUND
EdenCrete ® is Eden’s 100% owned, proprietary carbon-strengthened concrete additive, one of the primary target markets for which is improving the performance of concrete used in the construction and maintenance of concrete roads, bridges and other infrastructure. Additionally, it has potential for use in a range of other concrete applications including highrise building construction, marine and coastal applications, water storage and pipelines, and pre-fabricated concrete structures and products.
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Gregory H. Solomon Executive Chairman
Eden Innovations Ltd | Telephone +61 8 9282 5889 Level 15, 197 St George’s Terrace, Perth, Western Australia 6000, Australia | edeninnovations.com