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- ClearVue Technologies (CPV) has appointed Graboyes Commercial Window and Glass Solutions as the US distributor for its range of products
- Graboyes has signed on to become the exclusive manufacturing and distributing centre for Pennsylvania under a five-year agreement
- As part of the agreement, CPV has authorised the use of its solar glass glaze and smart façade panels for use in secondary schools and universities in the US
- ClearVue is up 8.93 per cent on the market, trading for 30 cents per share at 13.53 pm AEDT
ClearVue Technologies (CPV) has appointed Graboyes Commercial Window and Glass Solutions as the US distributor for its range of products.
Based in Philadelphia, Pennsylvania, Graboyes has more than 37 years of experience in commercial glazing and window installation.
According to the initial five-year agreement, Graboyes will act as the sole licensee to manufacture and distribute windows and facades using ClearVue’s technology in the state of Pennsylvania.
Until other licensees are appointed, Graboyes will also have distribution rights for the rest of the United States.
Ongoing exclusivity remains subject to the agreed minimum number of products sold being met, and the agreement may be extended for another two five-year terms.
ClearVue Executive Chairman Victor Rosenburg said this was its first American agreement.
“This agreement with Graboyes will see ClearVue penetrate the commercial building market in the Greater Philadelphia region and further develop our product credentials in the US,” Mr Rosenburg said.
“We are very pleased to be working with Graboyes to bring ClearVue glazing’s dual benefits of insulation and renewable power generation to the northeastern US.”
He added that there was a “strong focus on energy efficiency and using technology to solve some of the problems brought about by the climate crisis.”
ClearVue is up 8.93 per cent on the market, trading for 30 cents per share at 1:53 pm AEDT.
