Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

CLEARVUE TECHNOLOGIES LIMITED AGM Information 2018

Nov 29, 2018

64697_rns_2018-11-29_69e648c3-3f0c-433d-9d35-d40115f2eb85.pdf

AGM Information

Open in viewer

Opens in your device viewer

==> picture [190 x 162] intentionally omitted <==

A G M P R E S E N T A T I O N 2 0 1 8 C L EA RV UE T E C H NO LO G I ES L I M I T ED

Presented by: Victor Rosenberg, Executive Chairman – 30 November 2018

1

==> picture [960 x 60] intentionally omitted <==

----- Start of picture text -----

Legal Disclaimer
----- End of picture text -----

This presentation has been prepared and issued by ClearVue Technologies Limited (the “ Company ”) to assist it in informing interested parties about the Company and its progress which is current as at the date of this presentation (30 November 2018). This presentation is for information purposes only it should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. This presentation does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentation, or any information provided in connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters. No representation or warranty (whether express or implied) is made by the Company or any of its officers, advisers, agents or employees as to the accuracy, completeness or reasonableness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or provided in connection with it, or any omission from this presentation, nor as to the attainability of any estimates, forecasts or projections set out in this presentation. Neither the Company or its advisers have verified the accuracy or completeness of the information, statements or opinions contained in this presentation. This presentation is provided expressly on the basis that you will carry out your own independent inquiries into the matters contained in the presentation and make your own independent decisions about the affairs, financial position or prospects of the Company. The Company reserves the right to update, amend or supplement the information at any time in its absolute discretion (without incurring any obligation to do so). Neither the Company, nor its related bodies corporate, officers, their advisers, agents and employees accept any responsibility or liability to you or to any other person or entity arising out of this presentation including pursuant to the general law (whether for negligence, under statute or otherwise), or under the Australian Securities and Investments Commission Act 2001, Corporations Act 2001, Competition and Consumer Act 2010 or any corresponding provision of any Australian state or territory legislation (or the law of any similar legislation in any other jurisdiction), or similar provision under any applicable law. Any such responsibility or liability is, to the maximum extent permitted by law, expressly disclaimed and excluded. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in the Company.

Future Matters | This presentation may contain reference to certain intentions, expectations, future plans, strategy, revenue forecasts and prospects of the Company. Those intentions, expectations, future plans, strategy, revenue forecasts and prospects may or may not be achieved and may be “forward-looking statements”. They are based on certain assumptions, which may not be met or on which views may differ and may be affected by known and unknown risks. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation or warranty, express or implied, is made by the Company, or any of its directors, officers, employees, advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved. Given the risks and uncertainties that may cause the Company’s actual future results, performance or achievements to be materially different from those expected, planned or intended, recipients should not place undue reliance on these intentions, expectations, future plans, strategy, revenue forecasts and prospects. The Company does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended.

US Disclosure | This document does not constitute any part of any offer to sell, or the solicitation of an offer to buy, any securities in the United States or to, or for the account or benefit of any “US person” as defined in Regulation S under the US Securities Act of 1993 (“ Securities Act ”). The Company’s shares have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to any US person without being so registered or pursuant to an exemption from registration including an exemption for qualified institutional buyers.

2

Introduction

At ClearVue, we offer a powerful renewable energy solution that incorporates solar energy generation into transparent glass. ClearVue Technologies Limited (ASX: CPV) operates in the Building Integrated Photovoltaic ( BIPV ) sector which involves the integration of solar technology into building materials, specifically glass and building surfaces to produce localised renewable energy.

ClearVue’s glass technology represents an untapped opportunity to use one of the worlds most used building materials for energy generation – clear GLASS

Our Mission & Motivation

  • ❑ Our mission is to capture the energy that surrounds us through the use of innovative building materials. We believe that the future of energy is localised generation – energy generated where it is needed

  • ❑ We are driven by green building goals and believe that our technology can assist building owners and developers achieve their own green and sustainability goals

  • including Net Zero buildings and even carbon negative buildings in some cases.

==> picture [159 x 55] intentionally omitted <==

==> picture [289 x 312] intentionally omitted <==

==> picture [7 x 9] intentionally omitted <==

----- Start of picture text -----

3
----- End of picture text -----

ClearVue Highlights

==> picture [159 x 55] intentionally omitted <==

  • ❑ Advanced building technology that uses ultra clear glass to convert sunlight into energy

  • ❑ Global market opportunity

  • ❑ Patented technology – 34 granted patents and 39 patent applications throughout the World

  • ❑ Australian Government support – $1.6m grant from the Australian Federal Government to build a grid-independent greenhouse in early 2019

Key Targets:

Key Specifications:

  • ❑ Agriculture and Horticulture

  • Ultra clear - up to 70% transparency (VLT/AVT)

  • ❑ Commercial and Residential

  • Power generating - 30 W/m2 peak power (anticipated ≈ 50 W/m2 possible through ongoing R&D)

  • ❑ Public Amenities

  • Insulating - U-factor 1.26 W/(m2 °K)

4

Corporate Snapshot

==> picture [159 x 55] intentionally omitted <==

❑ClearVue secured $5m through IPO and listed on the
ASX on 25 May 2018
❑High % of company shares are escrowed for 24 months
– 39,026,956 million in total
❑Tight free float with top 20 holding 60.5%
ASX Code: CPV
Ordinary Shares 97,380,300
Options 54,598,024
Performance Shares 13,000,000
Market Capitalisation
(Share price $0.35 as at
16 November 2018)
$34 million
GICS Classification Capital goods

Board and Management

==> picture [159 x 55] intentionally omitted <==

Victor Rosenberg Jamie Lyford Kim Harmer Brett Tucker Sean Rosenberg Stuart Carmichael Ivan Wu
Executive Chairman General Counsel &
Corporate Officer /
Director
Chief Technology
Officer
Company Secretary Non-Executive
Director
Non-Executive
Director
Non-Executive
Director
Serial
Entrepreneur.
Globally recognised for
his contributions to
glass industry.
Extensive business
experience in senior
management and
sales.
IP and licensing lawyer
with over 20 years
experience. Previously
worked in BHP, IT
company ATOS and ran
Western Australian
Government
Innovation Centre
Technology
commercialization,
research and
development,
production and
innovation leadership.
Over 20 years working
in Schneider Electric in
EMEA and Asia Pacific
Currently on Advisory
Board for IoTStream
Company Secretary to
a number of ASX listed
and private companies
and has been involved
in numerous public
corporate transactions
and acquisitions. A
Chartered Accountant
with a strong
corporate and
compliance
background.
Member of the
Institute of Chartered
Accountants with over
10 years professional
experience in finance,
auditing and
accounting of listed
corporations
Member of the
Institute of Chartered
Accountants with over
20 years accounting
and corporate finance
experience.
Currently Non-
Executive Chairman of
Schrole Limited
(ASX:SCL) and
Serpentine Limited
(ASX:S3R) and Non-
executive Director of
De.mem Limited
(ASX:DEM)
Corporate adviser to
various private & ASX
listed companies with
over 20 years of
corporate and
commercial
experience in the IT,
resource and gas
industries

6

ClearVue’s Research Partners

Edith Cowan University

ClearVue has partnered with Edith Cowan University (ECU) in Perth Western Australia since 2011 to develop the core IP that can convert a pane of glass into energy

ClearVue has entered into an exclusive agreement for contracted R&D for the development of ClearVue’s core technologies.

==> picture [159 x 55] intentionally omitted <==

Nanyang Technological University

ClearVue has signed a collaboration agreement for with Nanyang Technology University (NTU) (Singapore) and Singapore HUJ Alliance for Research and Enterprise Ltd research to explore printing of solar PV amongst other things.

==> picture [217 x 78] intentionally omitted <==

==> picture [190 x 78] intentionally omitted <==

==> picture [127 x 94] intentionally omitted <==

7

==> picture [801 x 513] intentionally omitted <==

----- Start of picture text -----

Company Milestones
Currently targeting
DESIGN
$1.6m Federal Started small scale Commercial launches customers,
Research Listed on ASX 25 BREAKTHROUGH
Government Grant production in: manufacturers and
project May 2018 – raised Research, development
to build ~100 units of 1 [st] ❑ Australia (Sep) distributors in
with NTU, AUD $5m under & production iterations
demonstrator gen technology for ❑ Europe (Oct) selected geographies
Singapore Prospectus to increase output and
greenhouse pilot site testing ❑ USA (Nov) – now seeking
simplify fabrication
licensees
Key Prospectus Milestone: commercialisation commenced
Dec
2017 2018
2018
Key Prospectus Milestone Key Prospectus Milestone
Key Prospectus
For earlier milestones MOU with IoT Submission of V2 to Milestone
Achieved Australian Standards
please see p45 & 46 (Intertek and AWA) and EU specialist IoTStream CENER(Spain), UL (US) and TUV
of the Prospectus (CE) accreditation and App developed (IEC) in Q3/4 Pilot projects
commenced
MOU with yStop
MOU with Mirreco
MOU with Murdoch MOU with Zurreal
End May 2018 End November 2018
----- End of picture text -----

==> picture [23 x 8] intentionally omitted <==

----- Start of picture text -----

2019
----- End of picture text -----

On Track for sales commencing latter half of 2019 following completion of testing milestones (Section 1(B) - Page 14 Prospectus)

8

Glasstec – Oct 2018 Dusseldorf

Product Launches

Fenestration - Sept 2018 Port Douglas

==> picture [377 x 341] intentionally omitted <==

==> picture [137 x 47] intentionally omitted <==

==> picture [308 x 163] intentionally omitted <==

Greenbuild - Nov 2018 Chicago

9

==> picture [960 x 60] intentionally omitted <==

----- Start of picture text -----

Video: Aust Product Launch – Fenestration Sep 2018 –Pt Douglas
----- End of picture text -----

==> picture [855 x 481] intentionally omitted <==

10

11

==> picture [960 x 60] intentionally omitted <==

----- Start of picture text -----

Video: European Product Launch – Glasstec Oct 2018 - Dusseldorf
----- End of picture text -----

==> picture [855 x 481] intentionally omitted <==

12

==> picture [960 x 60] intentionally omitted <==

----- Start of picture text -----

Video: North American Product Launch – Greenbuild Nov 18 - Chicago
----- End of picture text -----

==> picture [855 x 481] intentionally omitted <==

UL Testing for US Market commenced Q4

==> picture [227 x 170] intentionally omitted <==

==> picture [227 x 170] intentionally omitted <==

==> picture [227 x 171] intentionally omitted <==

==> picture [159 x 55] intentionally omitted <==

==> picture [960 x 298] intentionally omitted <==

----- Start of picture text -----

13
----- End of picture text -----

==> picture [939 x 540] intentionally omitted <==

----- Start of picture text -----

Company Milestones
On Track for
sales
Currently targeting commencing
DESIGN
$1.6m Federal Started small scale Commercial launches customers, latter half of
Research Listed on ASX 25 BREAKTHROUGH
Government Grant production in: manufacturers and 2019 following
project May 2018 – raised Research, development
to build ~100 units of 1 [st] ❑ Australia (Sep) distributors in completion of
with NTU, AUD $5m under & production iterations
demonstrator gen technology for ❑ Europe (Oct) selected geographies testing
greenhouse Singapore Prospectus pilot site testing to increase output and ❑ USA (Nov) – now seeking milestones
simplify fabrication licensees (Section 1(B) -
Page 14
Prospectus)
Key Prospectus Milestone: commercialisation commenced
Dec
2017 2018 2019
2018
Key Prospectus Milestone Key Prospectus Milestone
Key Prospectus
For earlier milestones MOU with IoT Submission of V2 to Milestone
Achieved Australian Standards
please see p45 & 46 (Intertek and AWA) and EU specialist IoTStream CENER(Spain), UL (US) and TUV
of the Prospectus (CE) accreditation and App developed (IEC) in Q3/4 Pilot projects
commenced
MOU with yStop
MOU with Mirreco
MOU with Murdoch MOU with Zurreal
End May 2018 End November 2018
14
----- End of picture text -----

Upcoming Milestones

On Track for ❑ Complete the various demonstration/pilot sales

commencing projects the company has commenced latter half of ❑ Incorporate ClearVue’s technology into a larger 2019 following

completion of commercial building in Australia for the first testing milestones time

(Section 1(B) -Page 14 ❑ Complete and achieve IEC and UL

Prospectus) accreditations by end Q2 2019

==> picture [171 x 52] intentionally omitted <==

----- Start of picture text -----

2019
----- End of picture text -----

  • ❑ Continue and complete commercialisation steps during 2019

❑ Continue discussions throughout 2019 with potential licensees for manufacture and assembly/distribution worldwide and seek to sign various licensees worldwide flowing from such discussions

  • ❑ Continue R&D and product development work to ensure the company is well positioned as a global leader in building integrated photovoltaics and smart building materials

15

Worldwide Energy Generation

==> picture [159 x 55] intentionally omitted <==

The sun’s potential for power generation far exceeds that of all other renewable energy sources. However, solar power barely registers in the world’s renewable energy portfolio with only 23,322 terawatt-hours (TWh) of a potential ≈750,000 TWh available from solar*. Presently solar generation accounts for only a fraction of a percent of total – electrical output much less than hydropower or wind energy, which until recently have been cheaper to produce.

Estimated Renewable Energy Share of Global Electricity Production, End of 2016#

==> picture [625 x 265] intentionally omitted <==

  • As at 2008 see: https://en.wikipedia.org/wiki/Electricity_generation#Production_by_country

See: REN21 Renewables 2017 Global Status Report

16

Solar PV Global Capacity*

==> picture [159 x 55] intentionally omitted <==

==> picture [765 x 362] intentionally omitted <==

  • *by country and region 2006 – 2016 –see: REN21 Renewables 2017 Global Status Report

17

Market Opportunity

==> picture [159 x 55] intentionally omitted <==

Traditional Roof Solar and PV Array Opportunity

Renewable Power Capacities in World, BRICS*, EU-28 and Top 6 Countries - 2016

❑ Worldwide growth of traditional photovoltaics has averaged 40% per year from 2000 to 2013 ❑ Total installed PV capacity reached 303 GW at the end of 2016 with China having the most cumulative installations (78 GW)

==> picture [513 x 308] intentionally omitted <==

❑ According to the latest “Global Solar Demand Monitor” from GTM Research, installations in 2018 will reach 82.5 gigawatts#. After that, annual installations are predicted to exceed 100 gigawatts each year until at least 2022.

All of these figures (and the stats on earlier slides) largely ignore the impact of BIPV!

(originally forecast at 104 gigawatts but downgraded due to reduced activity in China)

  • BRICS – the emerging national economies of Brazil, Russia, India, China and South Africa.

18

Market Opportunity

Global Glass Market

==> picture [408 x 244] intentionally omitted <==

----- Start of picture text -----

Global Glass Market Suppliers
15%
Global Building Flat Glass
4,700M sqm
14%
Global
Technical App.
Flat Glass 13%
405M sqm
Global
Automotive 12%
Glass Product
395M sqm
Market share 54%
----- End of picture text -----

==> picture [111 x 235] intentionally omitted <==

==> picture [159 x 55] intentionally omitted <==

  • ❑Total Glass Market Size 5,500 sqm pa in 2011 (NSG Group and the Flat Glass Industry Report 2011).

  • ❑The construction glass industry is predicted to reach USD $111 Billion by 2020 (Technavio)

  • ❑Global green building expected to double by 2018 (World Green Building Council)

19

ClearVue’s Opportunity

Market Drivers

==> picture [109 x 8] intentionally omitted <==

==> picture [93 x 8] intentionally omitted <==

==> picture [61 x 41] intentionally omitted <==

==> picture [59 x 61] intentionally omitted <==

==> picture [60 x 61] intentionally omitted <==

US$310 Billion

5,500 million square metres of glass produced each year

investment into clean energy in 2014+ 16%

==> picture [59 x 61] intentionally omitted <==

==> picture [59 x 61] intentionally omitted <==

37%

€ $23 Billion Value of the flat glass market

==> picture [60 x 41] intentionally omitted <==

==> picture [60 x 41] intentionally omitted <==

increase in global energy demand

==> picture [94 x 10] intentionally omitted <==

==> picture [108 x 8] intentionally omitted <==

Sources :

United Nations, Climate Spectator, NanoMarkets

Forbes - china-leads-the-world-in-renewable-energy-investment report July 2012 http://www.climatespectator.com.au/news/uk-track-hit-2020-green-energy-targets-decc http://www.rechargenews.com/business_area/politics/article323311.ece

==> picture [159 x 55] intentionally omitted <==

The Building Integrated Photovoltaics Opportunity

  • ❑ Global market for building-integrated photovoltaic ( BIPV ) technologies was USD $2.4 billion in 2016

  • ❑ Market to grow to USD $4.3 billion by 2021 (with a compound annual growth rate (CAGR) of 12.2% for the period 2016 to 2021).

Source:

https://www.bccresearch.com/market-research/energy-and-resources/building-integrated-photovoltaicsmarkets-report-egy072C.html

20

ClearVue’s Business Model

==> picture [159 x 55] intentionally omitted <==

ClearVue will derive revenues from:

  • Direct sales (initially) – by sale and supply of the Company’s assembled products direct to distributors and licensed channel partners worldwide. The company will also continue to sell technology/product components to its licensees;

  • Licences - the Company intends to charge a fee to manufacturers and distributors for the right to manufacture or distribute and sell the ClearVue product; and

  • Royalty payments - the Company intends to charge a flat royalty fee per sqm of ClearVue glass/technology sold by a manufacturer or distributor business, with the rate to be determined.

==> picture [960 x 227] intentionally omitted <==

----- Start of picture text -----

21
----- End of picture text -----

ClearVue’s Technology

An overview of ClearVue’s technology

  • ❑ Visible light (VIS) passes through the glass

  • ❑ Micro & nano particles interact with Ultra Violet (UV) radiation which is downconverted to longer wavelengths and scattered along with Infrared (IR) light to the edges of glass

  • ❑ IR is collected by PhotoVoltaic (PV) cells Produces electricity

  • ❑ Reduces heat and blocks damaging UV and IR radiation

  • ❑ Insulation properties reduce heating and cooling costs

  • ❑ ClearVue has extensive IP protection on its technology and products

==> picture [339 x 192] intentionally omitted <==

==> picture [339 x 191] intentionally omitted <==

==> picture [159 x 55] intentionally omitted <==

22

==> picture [960 x 60] intentionally omitted <==

----- Start of picture text -----

Video: Technology and Product Opportunities Explained
----- End of picture text -----

==> picture [853 x 480] intentionally omitted <==

Click on blank screen on left to play video. OR play from:

http://www.clea rvuepv.com/pro ductssolutions/techn ology/

23

Product Opportunities

==> picture [159 x 55] intentionally omitted <==

==> picture [524 x 364] intentionally omitted <==

24

Smart Window Solutions

(Monitoring, sensors and IoT integrations)

==> picture [498 x 353] intentionally omitted <==

==> picture [159 x 55] intentionally omitted <==

==> picture [239 x 390] intentionally omitted <==

25

Commercial & Residential Applications

==> picture [159 x 55] intentionally omitted <==

large market opportunity – at the moment demand for BIPV solutions is limited by product characteristics - no high energy performing and architecturally accepted transparent colourless products except from ClearVue

  • ❑ By 2025 there will be more than 29 mega cities with 10 million plus people*

  • ❑ Buildings can be a significant source of their own energy needs

  • ❑ Insulation properties reduce heating and cooling costs

  • ❑ Building owners obtain a faster payback from energy generating structures

  • ❑ Skylights are the fastest new window market globally

  • Source: UN Report on World Urbanisation & World Energy Outlook Report 2014

26

❑ ❑

Public Amenities & Agriculture

Free energy in public places, e.g. libraries, or charge your mobile phone at a bus stop

Provide energy in developing countries in public buildings such as schools without large plots of adjacent land needed for solar arrays Awnings, Atriums, Skylights, Road barriers Waste management services and water purification

Powering IoT sensors and building electronics Food and food security is a global multi billion dollar industry. Key markets are China, Europe and USA. Technology presents opportunity for self powering greenhouses

==> picture [159 x 55] intentionally omitted <==

==> picture [357 x 178] intentionally omitted <==

==> picture [13 x 9] intentionally omitted <==

----- Start of picture text -----

27
----- End of picture text -----

==> picture [130 x 540] intentionally omitted <==

==> picture [159 x 55] intentionally omitted <==

Summary

In the six (6) months since listing on the ASX on 25 May 2018 the Company has achieved the following:

  • ❑ Australian standards (Intertek) certification testing completed and EU certification (CE) on ClearVue window

  • ❑ Design breakthrough to simplify product manufacture and increase market opportunities

  • ❑ Product certification commenced for US market (UL) and for EU (IEC)

  • ❑ Production commenced on glass units for use in pilot projects and for trade shows

  • ❑ MOUs signed with:

  • ❑ Mirreco for supply of glass for use with their hemp-based building system and hemp-based eco mini homes. Demonstration eco mini home progressing;

  • ❑ Murdoch University as a site for the CRC-P funded greenhouse and for working with MU plant science researchers to demonstrate CV greenhouse performance;

  • ❑ yStop for using ClearVue in bus shelters and outdoor advertising opportunities in WA;

  • ❑ IoTStream for integration of IoT solutions with ClearVue’s glass – whitelabel app prepared for use with ClearVue product installations; and

  • ❑ Zurreal for integration of ClearVue glass with Zurreal’s art glass for niche architectural and advertising applications.

  • ❑ Major product launches at trade shows in Australia (Fenestration 2018 – Pt Douglas - Sept), Europe (Glasstec 2018 – Dusseldorf - Oct) and North America (Greenbuild 2018 – Chicago - Nov)

  • ❑ Pilot projects commenced

  • ❑ Licensing discussions commenced (Worldwide) flowing from the trade shows

28

==> picture [130 x 540] intentionally omitted <==

Questions?

Thank you for your attention – any questions?

==> picture [34 x 31] intentionally omitted <==

[email protected]

www.clearvuepv.com facebook.com/clearvue/ linkedin.com/company/clearvuepv/+61 8 9220 9020

==> picture [203 x 173] intentionally omitted <==

29