Eden Innovations seals first order from cornerstone Australian/NZ distributor

Eden Innovations ASX EDE Parchem Construction Supplies
Parchem has been servicing the Australian construction industry for over 50 years.

Clean technology developer Eden Innovations (ASX: EDE) has taken an affirmative step towards commercial traction in Oceania after receiving and dispatching the first order for EdenCrete products from its Australian and New Zealand distributor, Parchem Construction Supplies.

EdenCrete is Eden’s proprietary carbon-strengthened concrete additive that enhances concrete by increasing strength, abrasion resistance and permeability.

The product has been shown to deliver stronger, tougher, more durable and longer lasting concrete.

One of the primary target markets for EdenCrete is improving the performance of concrete used in the construction and maintenance of concrete roads, bridges and other infrastructure – particularly where it is subject to heavy wear, stressful weather conditions and high salt levels.

Additionally, it has the potential to be used in other concrete applications including high-rise building construction, marine and coastal applications, water storage, pipelines, hardstand areas and pre-cast concrete structures.

Signed, sealed and delivered

Eden has confirmed that it will collaborate with Parchem over the next three years, backed by its experienced national sales and marketing network, and supported by a high level of in-house technical capacity.

Parchem has been servicing the Australian construction industry for over 50 years, as a long-established marketer of products that it either manufactures or distributes on behalf of other producers.

In its own right, Parchem is focused on delivering products that are used in bridges, tunnels, maritime, rail, airports and roads.

The company is a leading manufacturer and supplier of products and equipment to the Australian and New Zealand concrete and construction markets with future commercial orders for EdenCrete “expected to grow over the coming six-12 months”.

Customer and laboratory trials of EdenCrete products with Australian cements, slag and fly ash have been taking place for a “number of months” and are continuing to achieve “encouraging results”.

One of the primary ways to gain strong market impact for EdenCrete, Eden’s strategy is to partner with leading suppliers and manufacturers on a large scale.

Given the amount of market coverage Parchem has, the deal announced today is expected to be bountiful for both parties.

To boost its performance and to retain customers, Parchem says it is being represented by an extensive account management team, focused on supporting customers on-site and providing solutions across its serviced industries.

Furthermore, a national specifications team also provides expertise to architects, engineers and specifiers at several stages of the building and construction process.

After announcing its sales deal with Parchem, Eden’s shares rose by almost 12% up to $0.047.

George is an award-winning market analyst who has authored articles and editorial opinion pieces for multiple publications around the world. He has written about a wide variety of topics including financial markets, stocks, trading, politics and economics.