ClearVue gained 11.1 per cent in the ASX today after receiving its first order of products from United Arab Emirates distributor Grafsol. Grafsol placed an order for 100 square metres of ClearVue PV glass, valued at $45,000.
Australian company ClearVue develops solar-energy-focused glass which is then integrated into building infrastructure and agriculture projects to promote renewable energy.
The cutting-edge technology was developed in conjunction with the Electron Science Research Institute at Edith Cowan University in Perth, Australia.
“The sale represents our first sizeable sale and our first sale to a licensed distributor,” said ClearVue Chairman Victor Rosenberg.
“We look forward to working with Grafsol to supply this first order and then to assisting them to establish themselves as our distributor in the region”. The PV glass ClearVue product works by
Using special compound material, the interlayer blocks heat and unwanted UV rays from penetrating the glass. Blocked energy is absorbed and redirected through the special PV cells to harvest solar energy.
ClearVue gained nation-wide recognition on 7 News and ABC in 2017. The technology is used in windows, doors, skylights, glass walls and awnings.
Grafsol’s primary business focus is a promotion of renewable energy products in construction including the use of growing popular graphene based nano-technology. Grafsol currently services a number of Middle Eastern technology distributors.
Grafsol signed a memorandum of understanding with ClearVue earlier in the year for exclusive distribution rights in the United Arab Emirates, Qatar, Kuwait and South Africa. The deal is for five years.
ClearVue’s market cap sits at $24.91 million and shares trading at $0.25 a piece since this morning.