ClearVue Technologies (ASX:CPV) secures solar building envelope order

On 1st October 2024, ClearVue Technologies Limited (ASX:CPV) secured its first order for a solar building envelope solution for the construction of an equipment screen on the Enex100 building located at 100 St George's Terrace in Perth, Australia. The order marks the first sale of part of ClearVue's solar building envelope solutions, validating the company's commercial strategy to offer a complete solar façade product suite for building owners, developers, and architects.

Executive Commentary on ClearVue's Solar Building Envelope Solution

This is a pivotal moment for ClearVue. This sale of our solar envelope solution confirms our commercial strategy and shows the value the market is starting to place on energy efficient smart building solutions. In Australia, the building sector is responsible for around 19% of the total electricity usage and 18% of direct carbon emissions. Our technology can be deployed in both retrofit and new construction projects to lower operational carbon emissions and operating costs. ClearVue products are designed to satisfy the evolving regulatory landscape which reflects changing consumer expectations driving sustainability across our building and construction sector. ClearVue solar cladding is one of the many ClearVue products now available that make up our solar building envelope solution that is essential for achieving net zero energy buildings, and this initial order demonstrates we are on the right path. We look forward to working with ISPT on their first project. The purchase order is for over 200 architectural pure black PV building envelope modules of ClearVue design to be installed within ClearVue's proprietary framing system. Our products were chosen due to unique design elements that deliver on: energy generation capabilities, high reliability, low combustibility, compliance with applicable building standards, and our unique framing system that simplifies installation and maintenance, all while delivering a seamless pure black glass feature wall that is also aesthetically pleasing. A key differentiator for ClearVue is our 'plug and play' technology which allows architects and builders to select from a full PV product suite across the entire building envelope. Each of our products, starting with our flagship ClearVue Vision Glass, to our solar spandrel solution, solar cladding, and solar skylight harnesses solar energy - together these products comprise the ClearVue Power Façade TM. ClearVue's product development team have worked diligently to bring this product suite to market, and we are thrilled to see the first commercial results of this effort. A significant amount of work goes into product development, testing, and ensuring compliance with building codes, so it's gratifying that builders and property owners are recognizing our innovative solution and approach.

Summary of ClearVue's Solar Building Envelope Order

ClearVue Technologies Limited (ASX:CPV) secured its first order for a solar building envelope solution for the construction of an equipment screen on the Enex100 building located at 100 St George's Terrace in Perth, Australia. The sale marks the first of more than fifty qualified project engagements that has converted to a sale from the Company's own in-house sales pipeline. The project is expected to be completed in mid-2025. ClearVue's solar building envelope solutions aim to lower operational carbon emissions and operating costs in both retrofit and new construction projects. The company's products are designed to satisfy the evolving regulatory landscape and changing consumer expectations driving sustainability across the building and construction sector. The purchase order includes over 200 architectural pure black PV building envelope modules of ClearVue design to be installed within ClearVue's proprietary framing system. The unique design elements of ClearVue's products deliver on energy generation capabilities, high reliability, low combustibility, compliance with applicable building standards, and a unique framing system that simplifies installation and maintenance, while delivering a seamless pure black glass feature wall that is aesthetically pleasing. The project engagement reflects the market's increasing value on energy efficient smart building solutions and the company's commitment to providing innovative and sustainable building solutions.