ASX Release
ACN 109 200 900
AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
16 July 2015
EDEN ENERGY AND MONASH UNIVERSITY AWARDED A$300,000 AUSTRALIAN RESEARCH COUNCIL LINKAGE GRANT FOR RESEARCH INTO USE OF CARBON NANOTUBES TO REDUCE STEEL REINFORCING IN CONCRETE
The directors are delighted to advise that Eden Energy Ltd ("Eden") (ASX: EDE) has been successful in its application with Monash University ("Monash") for a collaborative Australian Research Council ("ARC") Linkage Grant to help fund research into ultra-high strength carbon nanotube enriched concrete requiring little or even no reinforcing steel, as foreshadowed in Eden's prospectus dated 23 February 2015 for the last renounceable pro-rata rights offer to shareholders of Eden.
The award, funded by the Commonwealth of Australia, will provide a total of A$300,000 over the three year life of the research project.
Since the collaborative ARC grant application was initially lodged, the Principal Researcher named in the application, Dr Frank Collins, who was formerly Associate Professor and Head of Structures Department at the Civil Engineering Department at Monash University, has been appointed as Professor of Infrastructure Engineering, at Deakin University's Institute for Frontier Materials in Victoria. Accordingly Monash University has agreed to transfer the project to Deakin University. The transfer documentation and a suitable agreement between Eden and Deakin University will need to be agreed and completed before the project will commence.
This new project offers Eden a great opportunity to collaborate in world-leading, high level research into how its EdenCreteTM carbon nanotube enriched concrete admixture affects concrete at a nano-scale in delivering increased flexural and compressive strength, increased abrasion resistance and reduced permeability, amongst other benefits.
This research could potentially lead to both the improvement of EdenCreteTM and the development of a long dreamed of goal of producing ultra-high strength concrete that requires little or no steel re-enforcing. Quite apart from the enormous environmental and financial implications, such an outcome would have far reaching implications for the global construction industry. The significant advances on many fronts that Eden has made with its EdenCreteTM admixture over the past 18 months should considerably assist in accelerating the rate at which the exciting new research project can gain momentum.
Gregory H. Solomon
Executive Chairman
Level 15, 197 St Georges Terrace, Perth, Western Australia 6000
Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866
Email: [email protected]