Join our daily newsletter At The Bell to receive exclusive market insights
- ClearVue Technologies (CPV) pockets a research and development (R&D) tax refund of $812,830 for eligible activities undertaken in 2022
- The company said the refund will offset some of the R&D costs completed in the year which include its research program with D2 Solar and greenhouse research work
- Executive Chair Victor Rosenberg says some of ClearVue’s R&D work would not have been possible without the help of the Commonwealth Government Research and Development Tax Incentive Program
- Shares in ClearVue are down 2.56 per cent to trade at 19 cents just before market close
ClearVue Technologies (CPV) has pocketed a research and development (R&D) tax refund of $812,830 for eligible activities undertaken in 2022.
The tax credit is part of the Commonwealth Government Research and Development Tax Incentive Program which helps companies innovate and grow by offsetting some of the eligible costs.
The company said the refund will offset some of the R&D costs completed in the year which include its research program with D2 Solar, greenhouse research work and development work on products of the Smart Façade platform.
Commenting on the tax credit, Executive Chair Victor Rosenberg said some of its R&D work would not have been possible without the program’s help.
“Over the last 12 months, the company has invested into the company’s longer-term future by continuing to conduct both research into longer term technologies that will enhance the ClearVue technology and product, but also into development work to productise earlier research to enhance and improve upon our existing products,” Mr Rosenberg added.
“As a technology company leading the way in solutions for construction decarbonisation through our solar window and façade solutions we need to maintain our technical and competitive edge and accordingly continue to invest into our innovation pipeline.”
Shares in ClearVue were down 2.56 per cent to trade at 19 cents just before market close.
