Carbon nanotube concrete additive developer, Eden Innovations (ASX: EDE) appears to have made a breakthrough in commercialising its unique technologies, reporting its first significant sales.
The company, which developed EdenCrete, a carbon nanotube enriched admixture for concrete, reported sales of $416,000 for the quarter to the end of march, compared to only $19,000 in the same period last year.
Sales of OptiBlend, its retrofit kit that allows diesel generator sets to run on natural gas, also rose to $113,000.
After a long commercialisation period, these sales are the first regular sales of its technology, and reflect much market development work especially in the United States market.
The company has now sold more than $1 million worth of EdenCrete in the US state of Georgia, and appears to have pasedt the test phase to achieve ongoing work in Colorado, Texas and New York.
In January @AuManufacturing reported Eden was to raise $9.8 million from a placement and a rights issue.
EdenCrete’s advantage is its carbon nanotubes give greater bearing capacity for applications such as slabs, columns or footings.
The nanotubes fill the spaces at the nanoscopic level between the hydrated cement particles, creating flexible and strong carbon bridges.
Eden Innovations developed its technologists in house and in projects with Monash and Deakin Universities.
During the quarter Eden provided training to Parchem Construction Supplies staff in anticipation of anticipated Australian sales.
The company is also active in New Zealand, Korea, India and Europe.
Picture: Eden Innovations/EdenCrete trial in Georgia, USA
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