Ann: EdenCrete - US Sales and Marketing Update, page-29

Hi Clom,

From page 10 from EDE's last Half Yearly Report:

EdenPlastTM / CNT Enriched Polymers and Plastics

The three-year research project between Eden and theUniversity of Queensland (“UQ”) for the development ona new method for producing carbon nanotube (“CNT”)enriched thermoplastic composites, and which is partlyfunded by an Australian Research Council (“ARC”) LinkageGrant, continued during the period, still focussing onbringing this project to commercialisation as soon aspossible.

A highlight of the work was that a concentrated masterbatch of CNT- enriched plastic, containing a highconcentration of CNT, was successfully prepared usinga novel technique, bringing this project far closer tobeing ready for commercialisation. Further, the masterbatch then diluted with more plastic, bringing the mixto commercial concentration, and its performancecharacteristics were then tested, confirming that theprocess resulted in a potentially commercially viable endproduct.

Following the lodgement of an earlier patent application,a second patent application in relation to this noveltechnique was lodged by Eden during the period.

Best regards,

Mark