Eden Innovations Launches Defence-Focused Business Division, Shares Rise 22%

MT Newswires Live

Apr 17

Eden Innovations (ASX:EDE) said it has launched EdenShield, a new business division focused on the commercialization of its technologies for defense, military, and critical infrastructure sectors, according to a Friday Australian bourse filing.

The company said the unit will market its EdenCrete range of carbon nanotube (CNT) enhanced concrete admixtures for use in manufacturing ultra-high performance concrete, along with CNT-infused high-strength lightweight plastics and a dual-fuel diesel system for backup power generation.

Eden Innovations said EdenShield will also focus on a range of CNT-enriched paints and coatings offering electromagnetic pulse and radiofrequency shielding capabilities, along with a pipeline of next-generation CNT-based polymers, coatings, and radiation-absorbent materials with potential military and aerospace applications.

Eden Innovations' shares surged 22% in recent Friday trade.

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