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CLEARVUE TECHNOLOGIES LIMITED — Capital/Financing Update 2024
Jan 9, 2024
64697_rns_2024-01-09_befcc9f5-c739-4b5b-acd6-2493c1642e0e.pdf
Capital/Financing Update
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ASX Announcement
10 JANUARY 2024
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ASX RELEASE ǀ CLEARVUE TECHNOLOGIES LIMITED (ASX:CPV | OTC:CVUEF)
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ClearVue secures first Australian solar windows order with CFMEU
for façade feature of new Wellness Centre in Melbourne
HIGHLIGHTS
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ClearVue receives first commercial order in Australia to supply Generation 2 ClearVue[PV] solar windows for the CFMEU Training and Wellness Centre in Melbourne – the company’s first order for a solar façade
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ClearVue’s technology was selected and specified by award-winning Australian architect Hayball due to its exceptional sustainability benefits and high performance.
10 January 2024 : Smart building materials company ClearVue Technologies Limited (ASX:CPV OTC: CVUEF) ( ClearVue or the Company ) has received its first commercial order in Australia from construction company Kapitol Group for a new commercial building project for the Construction, Forestry, Maritime, and Employees Union ( CFMEU ) in Melbourne.
The CFMEU will incorporate Generation 2 ClearVue[PV] solar windows into the façade of its new Training and Wellness Centre in Carlton - making it the first project in Australia to specify ClearVue's unique solar glazing technology from the outset. The ClearVue[PV] solar glazing is expected to be installed in or around April 2024.
Commenting on the project, Martin Deil, Global CEO of ClearVue, said:
“This is a significant milestone for ClearVue as we have now commercially launched in Australia. We are thrilled this first order is with the CFMEU and that the building will be constructed by Kapitol, a group that’s leading the industry in engaging sustainable suppliers on their projects.
“We are proud that award-wining architect Hayball recognized the value of our unique solar glass technology by incorporating it into the project design.
“Our solar glass windows generate the highest energy of any comparable solar glass on the market, with strong insulation and thermal performance which reduces heating and cooling loads and can be mass produced on a standard unmodified production line.
“We are excited that Hayball and the CFMEU recognised ClearVue's potential as the best available clear BIPV technology from the project's inception. To have our IGU system written into the specifications is a true showcase for the viability of integrating solar power directly into new builds and retrofits. We are grateful for the opportunity to bring our products to the attention of forward-thinking Australian architects, façade manufacturers and construction specialists.”
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1 ASX Release | 10 January 2024
Kapitol Group’s Project Manager on the CFMEU Training and Wellness Centre, Tom Stephens, explains the importance of engaging sustainable suppliers on Kapitol’s building projects:
“One of our core company values is to ‘do no harm’, and engaging with suppliers like ClearVue means we can build more sustainable buildings that will minimise their environmental impact for decades to come.”
The decision by the CFMEU marks the organisation's commitment to explore new building technologies that will have significant impact in reducing carbon emissions from the built environment. It also demonstrates the union's support for ClearVue as an Australian solar building materials company.
Project architects Hayball (www.hayball.com) aim to receive a 5-Star GreenStar certification and a Gold WELL certification for the project with ClearVue’s solution an integral part of the submission.
Whilst the revenue from this project will not be significant, the project is a significant step forward for the Company as its first commercial solar façade installation. The Company looks forward to updating the market on this project as it progresses.
Authorised by the Board of ClearVue Technologies Limited.
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Artist’s impression of the proposed CFMEU education building showing the new Wellness Centre on the right of the main building (Image courtesy of Hayball).
FOR FURTHER INFORMATION, PLEASE CONTACT:
ClearVue Technologies Ltd
ClearVue Technologies Ltd Investors Anna Abrossimova Adrian Mulcahy Head of Marketing [email protected] [email protected] +61 (0) 438 630 422 +61 (0) 401 398 088
Media
Tristan Everett [email protected] +61 (0) 403 789 096
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ASX Release | 10 January 2024
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.
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.
Solar PV cells are incorporated around the edges of an Insulated Glass Unit (IGU) used in windows and the lamination interlayer between the glass in the IGU incorporates ClearVue’s patented proprietary nano and micro particles, as well as its spectrally selective coating on the rear external surface of the IGU.
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 CFMEU
The Construction, Forestry, Maritime, and Employees Union (CFMEU) is a major trade union in Australia, representing over 110,000 workers across the five key sectors, operating since 1992.
Their key activities include negotiating collective bargaining agreements including better wages, working conditions, and benefits for members; campaigning for stronger health and safety laws; providing training and education, and community engagement.
The CFMEU is a powerful force in protecting worker rights and promoting safety across Australia's key industries. They are a significant voice for workers in advocating for fair treatment and a sustainable future.
To learn more please visit: www.cfmeu.org
ABOUT KAPITOL GROUP
Headquartered in Melbourne and rapidly expanding across the nation, Kapitol has distinguished itself as one of the fastest-growing construction companies in Australia. Driven by a resolute commitment to "Building to be Better," the company fosters a dynamic culture that prioritises cutting-edge technology, sustainable practices, and a collaborative work environment.
Partnering with Microsoft and NEXTDC, Kapitol has delivered some of the most advanced and secure data centres in the region, as well as building projects across the residential, commercial and education sectors.
They have also constructed some of the best green projects, including 628 Bourke Street (5 Star Green Star rating), Oakwood Kew Residences, and many others.
To learn more please visit: www.kapitolgroup.com.au
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ASX Release | 10 January 2024
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 | 10 January 2024