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ClearVue Technologies (ASX:CPV) receives first order from Japanese distributor

Technology
ASX:CPV      MCAP $100.4M
25 August 2021 11:50 (AEST)
ClearVue Technologies (ASX:CPV) - Outgoing Executive Chair, Victor Rosenberg

Source: ClearVue

ClearVue Technologies (CPV) has received an order for its patented photovoltaic (PV) glazing solutions from Japanese distributor, Tomita Technologies.

Tomita was recently licensed to distribute, market and sell CPV’s products in Japan for use in greenhouses and protected cropping agriculture.

The first glazing order is intended for a strawberry greenhouse at the high-profile Aqua Ignis Hot Springs wellness and eco-tourism project in Sendai City.

This, the first order since the licence was granted in April, is for 187 ClearVue glazing panels which will be used to cover an area of around 333 square metres, with fabrication to be completed in approximately 12 weeks.

ClearVue’s advanced glass technology incorporates a clear lamination layer between glass panels. This works to drive unwanted ultraviolet and infrared light to solar PV cells at the edges of an integrated glazing window unit to generate electricity.

In this way, the installation at the Aqua Ignis project is expected to generate approximately 8573 kilowatts of renewable energy per year, based on modelling for the region.

ClearVue Chairman Victor Rosenberg said the project was a great starting point for Tomita and one that would provide valuable insights into CPV’s product before its distributor took on larger-scale projects in Japan.

“The high-profile nature of the project will provide invaluable marketing and promotion for both Tomita and ClearVue, demonstrating not only the benefits of the ClearVue product but also its versatility in different application settings,” he said.

Tomita Technologies President Hiraaki Tomita said the company looked forward to working with CPV on the maiden project.

“The project is unique in its ambitions and the use of ClearVue in the strawberry greenhouse roof will add to its distinctiveness and bolster its eco credentials,” Mr Tomita added.

ClearVue anticipates larger orders from its distributor in the future.

Shares were up 11.9 per cent to 33 cents apiece at 1:30 pm AEST.

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