Clean technology solutions specialist Eden Innovations Ltd (ASX: EDE) and its 100% owned US subsidiary Eden Innovations LLC, have signed a long term agreement under which Eden US will sell EdenCrete, and potentially other products, over the next eight years to US-based Silent Partner International, Inc. (SPI).
Executive Chairman, Gregory Solomon, saidthe products will be used in the construction and maintenance of a number of proposed facilities that SPI plans to build in the US and in other countries.
SPI has developed a proprietary design that is to be used in the proposed facilities for mitigation of the impact of a broad spectrum of radio frequency (RF) interference and/or electromagnetic pulses (EMP) that can result from natural occurrences such as solar flares, or human generated causes such as nuclear explosions.
The proposed facilities will be designed for energy generation coupled with one or more of desalination, IT/data storage, aquaculture and/or agri-tech.
In addition to increasing the strength and durability of the concrete, the EdenCrete and other products are to be included to help SPI achieve the purpose and mitigate the impact of RF interference and EMP on the facilities.
This Agreement, and the announcement of the first project, represent major milestones in the global growth of the sales and marketing footprint of EdenCrete products,” Mr Solomon said.
“Not only is this by far the largest contract for EdenCrete that Eden has secured to date, but it also opens up an important new application for the EdenCrete products, that has the potential to develop into a very large market over the coming years.”