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CLEARVUE TECHNOLOGIES LIMITED — Capital/Financing Update 2024
Sep 26, 2024
64697_rns_2024-09-26_20cb8fc3-bb53-48a9-a38a-914702d48db0.pdf
Capital/Financing Update
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ASX Announcement
27 SEPTEMBER 2024
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ASX RELEASE ǀ CLEARVUE TECHNOLOGIES LIMITED (ASX:CPV | OTCQX:CVUEF)
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ClearVue enters Net-Zero modular housing market with Prefabulous
HIGHLIGHTS
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ClearVue enters the net-zero modular housing market and secures a first order for solar glazing and integrated solar cladding to leading Australian modular housing manufacturer Prefabulous Pty Ltd
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The sale is for a pilot incorporating ClearVue's solar PV building envelope into a prefabricated prototype with Prefabulous
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If successful, ClearVue products will become a standard option for Prefabulous customers, ensuring ongoing demand for ClearVue’s solar vision glass and complimentary products
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The collaboration marks a significant step towards Net Zero modular housing solutions including for housing applications in an Australian prefabricated buildings market worth $15.4 billion in 2024
27 September 2024 : Smart building materials company ClearVue Technologies Limited (ASX: CPV) ( ClearVue or the Company ) has entered the net-zero modular housing market through a pilot with Prefabulous Pty Ltd, a leading Australian modular housing manufacturer. ClearVue is providing a combination of its advanced solar PV glazing and integrated solar cladding panels for use in a Prefabulous ‘FabZero’ Prototype.
The pilot involves the installation of ClearVue’s industry-leading building integrated photovoltaics (BIPV) into one of Prefabulous’ modular homes, marking a pivotal moment for both companies in their shared mission to deliver sustainable, net zero energy housing solutions. If successful, the collaboration will see ClearVue’s solar building envelope products become a key optional feature in Prefabulous’ portfolio of modular homes, providing an additional market for ClearVue’s innovative energy generation solutions in the Australian prefabricated buildings market worth $15.4 billion in 2024[1] .
The pilot products consist of a set of standard-sized ClearVue solar glazing and solar cladding units. Prefabulous will assess these products for energy efficiency, durability, and ease of installation. Should the pilot meet expectations, ClearVue’s products will be offered as an option to Prefabulous customers, driving consistent product sales for ClearVue without the need for bespoke design iterations for individual construction projects.
Martin Deil, the Global CEO of ClearVue Technologies, commented:
“This collaboration with Prefabulous is a significant step for ClearVue for two reasons. First, it expands our reach by allowing us to enter a new market that also simplifies the pathway for
1 Source: https://www.mordorintelligence.com/industry-reports/australia-prefabricated-buildings-industry
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P: +61 8 9220 9020 E: [email protected] W: www.clearvuepv.com
mass adoption of our BIPV solutions for use in modular construction including to meet the needs of the mainstream housing sector. Second, by integrating our solar glazing and cladding products into Prefabulous’ modular housing units, we are also supporting the development of sustainable, energy-efficient homes that align with global net zero goals.”
Catherine Brasier, Head of Sales at Prefabulous, added:
“ At Prefabulous, we are committed to creating stylish, sustainable homes that meet the needs of future generations. This pilot with ClearVue is an important first step towards offering our customers innovative energy solutions that contribute to net zero living. We’re excited to explore the benefits of integrating ClearVue’s solar windows and cladding into our modular designs, providing homes that are both beautiful and environmentally responsible. We are passionate about making as many of new modular homes as energy-efficient and carbonneutral as possible.”
Gavin King, Founder and Managing Director of Prefabulous, said:
“When setting up Prefabulous we challenged the belief that transportable or modular homes were a secondary option by designing housing that looks and performs fabulously!
“Our customers are looking for sustainable housing solutions that look great. This trial is part of our broader effort to provide energy-efficient, eco-friendly housing and is based on extensive research work conducted over the last few years with the Sustainable Buildings Research Centre and University of Wollongong.
“Working with ClearVue allows us to push the boundaries of what’s possible in modular housing further, combining style and sustainability in a way that benefits homeowners and the planet alike.”
The pilot modular home is planned to be completed in early 2025.
Whilst revenue from this pilot will be minimal, it is a significant step forward for the Company as its entry into a major new market segment. The Company looks forward to updating the market on this project as it progresses.
Authorised by the Board of ClearVue Technologies Limited.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ClearVue Technologies Ltd Investors Media Anna Abrossimova Adrian Mulcahy Tristan Everett Head of Marketing [email protected] [email protected] [email protected] +61 (0) 438 630 422 +61 (0) 403 789 096 +61 (0) 401 398 088
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 surfaces, specifically glass and building façades, to provide renewable energy. ClearVue has developed advanced glass technology that aims to preserve glass transparency to maintain building aesthetics whilst generating electricity.
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ASX Release | 27 September 2024
ClearVue’s electricity-generating glazing technology is strategically positioned to complement and make more compelling, the increased use of energy-efficient windows now being regulated in response to global climate change and energy efficiency goals.
ClearVue’s window technology has application for use in the building and construction and agricultural industries (among others). ClearVue has worked closely with leading experts from the Electron Science Research Institute, Edith Cowan University in Perth, Western Australia to develop the technology.
To learn more please visit: www.clearvuepv.com
ABOUT PREFABULOUS
Prefabulous is an Australian modular housing company, providing architecturally designed, prefabricated homes. Prefabulous’ homes combine high-end design with sustainable, energy-efficient construction to offer affordable housing solutions without compromising on style. Prefabulous is committed to the evolution of Net Zero housing, ensuring a lower environmental footprint and improved living comfort for residents. For more information, visit: prefabulous.net.au
FORWARD LOOKING STATEMENTS
Statements contained in this release, particularly those regarding possible or assumed future performance, revenue, costs, dividends, production levels or rates, prices or potential growth of ClearVue Technologies Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.
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ASX Release | 27 September 2024