EDE 0.00% 0.2¢ eden innovations ltd

Ann: Annual Report to shareholders, page-4

  1. 1,331 Posts.
    lightbulb Created with Sketch. 1507
    Clearly states SPI construction partners, clearly states the West Virginia project is moving ahead.

    Clearly certain elements on this forum are getting desperate in their attempts to FUD. Maybe they should be suspended for spamming aspersions, or at least apologise?

    "SILENT PARTNER INTERNATIONAL AGREEMENT
    Eden signed a long-term agreement (“the Agreement”
    under which Eden US agreed to sell in aggregate
    US$48 million worth of EdenCrete®, and potentially
    other products, over the next 8 years to Silent Partner
    International, Inc. (“SPI”, a US company based in
    Florida. The products will be used in the construction and
    maintenance of a number of proposed facilities that SPI
    plans to build in the USA and in other countries. There
    is no minimum quantity of EdenCrete® that SPI must
    purchase stipulated in the Agreement, and there are no
    penalties if lesser quantities are purchased, but Eden
    may terminate the Agreement. The first Facility is to be
    constructed in West Virginia.
    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 Purpose”. The proposed facilities will
    be designed for energy generation coupled with one or
    more of desalination, IT/data storage, aquaculture and/
    or agri-tech (“the Facilities”. 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.
    Over the past year, Eden has attended several meetings
    reviewing certain aspects of the project with some of
    the construction partners appointed by SPI for this
    first project. Details of all the construction partners are
    listed in the SPI website. Eden has been informed that
    construction is planned to start later in 2021 but the
    precise date is yet to be advised."
 
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