- ClearVue Technologies (CPV) executes a manufacturing and distribution agreement with Advanced Impact Technologies (AITI) to expand in the North American market
- The two-year agreement will see AITI manufacture and distribute ClearVue’s PG IGU and smart façade solutions across the US and Canada
- AITI provides products to a wide range of industries, including security-glazing for government buildings such as the US Armed Forces
- The companies intend to enter a joint venture prior to the ending of the agreement
- Shares are trading 12.5 per cent higher today at 27 cents each at 1:02 pm AEST.
Smart building materials company, ClearVue Technologies (CPV) has executed a manufacturing and distribution agreement with Advanced Impact Technologies (AITI) to expand in the North American market.
The two-year agreement will see AITI manufacture and distribute ClearVue’s PG IGU and smart façade solutions across the US and Canada.
AITI provides products to a wide range of industries, including security-glazing for government buildings such as the US Armed Forces.
It has been operating since 1999 and has 300,000 square feet of manufacturing and distribution space, which services all of North America.
The companies intend to enter a joint venture prior to the ending of the agreement.
Chairman Victor Rosenburg said AITI already has the capability to deliver its PV IGU products.
“This agreement with Advanced Impact Technologies is all about securing ClearVue’s product delivery in the North American market,” he said.
“The AIT Group has both lamination and fabrication capability in both the Southern and Northern US and is a leading supplier of other advanced glazing solutions including for defence and military applications.”
Shares were trading 12.5 per cent higher today at 27 cents each at 1:02 pm AEST.