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CLEARVUE TECHNOLOGIES LIMITED — Capital/Financing Update 2018
May 24, 2018
64697_rns_2018-05-24_bb34a056-fde6-4117-9aab-d902fa900297.pdf
Capital/Financing Update
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ASX Announcement – 25 May 2018
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ASX RELEASE | ClearVue Technologies Limited (ASX:CPV)
Successful listing of ClearVue on Australian Securities Exchange
Highlights
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ClearVue successfully closes IPO raising $5 million
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Trading in ClearVue to commence on ASX on Friday 25 May 2018 under the ticker code “CPV”
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ClearVue operates in the Building Integrated Photovoltaic (BIPV) sector, which involves the integration of solar technology into building components, specifically glass and building surfaces, to produce renewable energy
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ClearVue aims to preserve glass transparency to maintain building aesthetics whilst generating electricity
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Funds raised from the IPO Offer will be used for:
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Commercialising ClearVue technology
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Carrying out product quality & safety testing
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Research & development
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Branding, marketing & sales
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IP – Patents and Trade Marks protection
25 May 2018: ClearVue Technologies Limited (ASX:CPV) (“ClearVue” or “the Company”) is pleased to announce it has closed its IPO raising $5 million with trading to commence on the ASX under the code “CPV” at 10:30am WST on Friday 25[th] May, 2018.
The Company raised $5 million through the issue of 25,000,000 shares at $0.20 each under its well supported IPO, giving the Company a market capitalisation of $19 million at the offer price.
Following the ASX listing, the Company is in an improved position to develop and commercialise its industry-leading technology, which integrates solar PV technology into building components, specifically glass, to produce renewable energy.
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Contact P +61 8 9482 0500
ASX Announcement
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About ClearVue
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ClearVue operates in the Building Integrated Photovoltaic (BIPV) sector, which involves the integration of solar technology into building components, specifically glass and building surfaces, to produce renewable energy.
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ClearVue has developed advanced glass technology that aims to preserve glass transparency to maintain building aesthetics whilst generating electricity.
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Solar PV cells are incorporated around the edges of a window and the lamination interlayer between the glass in the window incorporates ClearVue’s patented proprietary nano and micro particles, as well as a spectral selective coating on the rear external surface of the window.
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ClearVue’s glass technology has application for use in the building and construction and agricultural industries (amongst others).
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ClearVue has worked closely with leading experts from the Electron Science Research Institute, Edith Cowan University (ECU) in Perth, Western Australia to develop the technology.
ClearVue Executive Chairman Victor Rosenberg said: “On behalf of the Board, we would like to thank our new and existing shareholders and investors for their support in the IPO.
“Funds raised will be used to assist in commercialising our ground-breaking technology to generate clean renewable energy from glass without compromising on window transparency.
“Unlike other solutions on the market, which use materials that are not completely transparent, ClearVue’s technology maintains clear glass. This is a fundamental property of glass as a building material as it visually allows people to connect with the outside world.
“We have already shown that there is significant potential for our product, having already been awarded a Federal government grant to construct a greenhouse using our patented technology.”
Ends
For further information, please contact:
ClearVue Technologies Limited Media Enquires Victor Rosenberg David Tasker Executive Chairman Director ClearVue Technologies Limited Chapter One Advisors [email protected] [email protected] M: +61 8 9 482 0500 M:+61 433 112 936
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ASX Announcement
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About ClearVue Technologies Limited
ClearVue Technologies Limited (ASX:CPV) is an Australian technology company that operates in the Building Integrated Photovoltaic (BPIV) sector which involves the integration of solar technology into building materials, specifically glass and building surfaces, to provide clean renewable energy for construction and agriculture applications (amongst others). ClearVue has developed advanced glass technology that aims to preserve glass transparency to maintain building aesthetics whilst generating electricity.
To learn more please visit: www.clearvuepv.com
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