Eden Innovations expands into defence sector with EdenShield launch. The ASX-listed company secured $4.05 million through a placement to fund its new division targeting military and critical infrastructure markets. EdenShield will commercialize carbon nanotube concrete additives and dual-fuel backup power technology. Key products include EdenCrete, which offers blast resistance and electromagnetic shielding for defence applications, and OptiBlend, a dual-fuel system extending backup power duration by up to 150 percent. The $0.18 per share placement represents a 41 percent premium to the 15-day volume-weighted average price. Proceeds will accelerate expansion and support commercialization of existing technologies across defence, aerospace, and infrastructure sectors.
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