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- Smart glass producer ClearVue (CPV) has secured an exclusive distributor in Hong Kong and Macau
- The W.A-based company has created glass which acts as a solar panel, giving it the ability to power buildings
- Full Treasure Engineering will be the distributor in the two regions, having experience issuing similar products
- ClearVue’s share price is up 10 per cent in midday trade, with shares selling for 18 cents each
ClearVue (CPV), a company that creates smart glass which acts as a solar panel, has secured an exclusive distributor for its products in Hong Kong and Macau.
Hong Kong-based Full Treasure Engineering has been appointed as the distributor due to its experience issuing glass products in the regions.
“Full Treasure is a fantastic partner for ClearVue in the Hong Kong region as it has extensive experience and networks for the sales and distribution of specialty glazing systems,” company Executive Chairman Victor Rosenberg said.
Managing Director of Full Treasure HY Chiu revealed he has been looking to distribute a product like ClearVue’s for the last 15 years.
HY Chiu said: “The ClearVue PV product is a wonderful complement to, and great fit with our existing technical glazing product range.”
Speaking on the new agreement, Victor detailed the deal’s importance in expanding the company’s global reach.
“The Full Treasure Distribution Licence represents yet another key milestone for the Company in its plans to roll out its sales presence into South East Asia,” he explained.
Five years is the initial term time for the agreement, with room to extend for two additional five year periods. Maintaining exclusivity will be subject to meeting performance targets.
ClearVue’s share price is up 10 per cent at midday trade, simmering from a 20 per cent boost earlier on. Shares in the company are trading for 16 cents each.
