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CLEARVUE TECHNOLOGIES LIMITED — Capital/Financing Update 2025
Jan 12, 2025
64697_rns_2025-01-12_fe5eb89b-82cf-468a-a794-6875cbbb1621.pdf
Capital/Financing Update
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ASX Announcement
13 January 2025
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ASX RELEASE ǀ CLEARVUE TECHNOLOGIES LIMITED
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(ASX:CPV | OTCQX:CVUEF)
ClearVue Expands MENA Footprint through Dune Trading in UAE
HIGHLIGHTS
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ClearVue expands its strategic partnership with Alutec and Aria Holding by varying its Manufacturing and Distribution Agreement with Alutec to provide for sub-distribution through Dune MENA General Trading L.L.C., a subsidiary of Aria Holding to distribute ClearVue’s innovative solar glass products in the United Arab Emirates (UAE)
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Expansion of the Alutec Manufacturing & Distribution Agreement paves the way for ClearVue’s UAE market entry through Alutec and for further agreements with Aria Holding’s affiliates in India mid2025 and Saudi Arabia later in 2025
13 January 2025: ClearVue Technologies Limited (ASX: CPV) ( ClearVue or the Company ) is pleased to announce the expansion of its arrangements with Alutec - a variation to its Manufacturing and Distribution Agreement with Alutec in Qatar to explicitly permit sub-distribution by Alutec through related entity Dune MENA General Trading L.L.C., a subsidiary of Aria Holding ( Dune Trading ), expanding ClearVue’s reach into the UAE.
This agreement marks a significant step in ClearVue’s strategy to establish a robust presence in the rapidly growing Middle Eastern market. This expansion of the partnership leverages ClearVue’s innovative Building Integrated Photovoltaic (BIPV) solutions, enabling sustainable construction solutions that meet increasing energy efficiency demands in the Middle East region.
The expansion of the Alutec Manufacturiung and Distribution Agreement to provide for sub-distribution through Dune Trading in UAE will enable the distribution of ClearVue’s advanced solar glazing products, including its flagship ClearVue PV Solar Vision Glass directly within the UAE.
Alutec in Qatar will manufacture and supply finished IGU products to Dune Trading to supply this market. ClearVue may also support that supply directly for ClearVue’s spandrel and cladding products.
Martin Deil, Global CEO of ClearVue Technologies, commented:
“Expansion of the agreement to include Dune Trading in the UAE represents another milestone in ClearVue’s expansion into the Middle East. The UAE is a dynamic market committed to bold construction projects with ambitious sustainability goals, and we are excited to bring our technology to projects that will help meet these goals.
“Our expanding relationship with Alutec through Aria Holding demonstrates the scalability and adaptability of our solar glazing technology. We look forward to partnering with other Aria Group Companies as we continue to deliver on our strategy of regional and global growth.”
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Suite 7 / 567 Newcastle Street, West Perth, Western Australia 6005 P: +61 8 9220 9020 F: +61 8 9220 9029 E: [email protected] W: www.clearvuepv.com
Suraj Thampi, CEO of Alutec and Dune added:
“The UAE is at the forefront of innovation in the region, and ClearVue’s advanced technology aligns perfectly with our objectives of promoting bold, sustainable and smart construction. This partnership will provide game-changing solutions to meet growing energy demands while advancing sustainability goals across the region.”
ClearVue anticipates further strengthening its relationship with Aria Holding through:
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India - a planned agreement with another subsidiary of Aria Holding, expected to be signed in mid-2025, targeting the Indian construction market, which is projected to exceed $1.4 trillion by 2025.
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Saudi Arabia - an agreement with a new Aria Holding entity, set for later in 2025, to serve the burgeoning construction market in the Kingdom of Saudi Arabia.
Authorised by the Board of ClearVue Technologies Limited.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ClearVue Technologies Ltd Investors Media Anna Abrossimova Adrian Mulcahy Rama Razy Head of Marketing [email protected] [email protected] [email protected] +61 (0) 438 630 422 +61 (0) 498 440 142 +61 (0) 401 398 088
ABOUT CLEARVUE TECHNOLOGIES LIMITED
ClearVue Technologies Ltd (ASX: CPV | OTCQX: CVUEF), headquartered in Australia, is a global leader in integrating advanced solar technology into building surfaces. Our patented solar glass technology allows energy generation from clear glass windows, making it unique in the market. This technology can be applied to windows, skylights, greenhouses, and facades, enhancing the sustainability and energy efficiency of buildings by generating energy from nearly all surfaces.
ClearVue’s innovation extends to a range of Building Integrated Photovoltaic (BIPV) products, enabling entire buildings to generate electricity. This approach addresses the significant challenge of decarbonizing the global economy. The company aims to provide practical, actionable, and quantifiable net-zero or near-netzero energy solutions, offering environmental, social, and shareholder benefits over the medium to long term.
Since its listing on the Australian Stock Exchange in May 2018, ClearVue has expanded its global footprint through license partners, ensuring compliance with international standards across key markets. The company has an extensive intellectual property portfolio for its key innovations and products and is guided by a board and executive team with extensive industry experience focused on rapid commercialisation of its products into a large and expanding global market.
To learn more please visit: www.clearvuepv.com
ABOUT DUNE MENA GENERAL TRADING L.L.C. (DUNE TRADING)
Dune Trading is a part of Alutec, the largest façade and building envelope specialist in the Middle East and North Africa (MENA) region, and a group company under Aria Holding. Dune Trading delivers specialized products and solutions across the construction, infrastructure, industrial, and interior design sectors. From high-performance sealants and protective coatings to advanced IT infrastructure, Dune Trading supports diverse industries with reliable, expertly engineered offerings tailored to enhance operational efficiency and growth.
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ASX Announcement | 13 January 2025
To learn more, please visit: https://www.dunetraders.com/, https://www.alutec.com/ and https://www.ariaholding.com/
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 Announcement | 13 January 2025