- ClearVue Technologies (CPV) signs a Master Services agreement with D2Solar for ongoing technology and product development work
- The company says the agreement will set the framework for a long-term development partnership, which will assist in its long term growth and market development strategies for North America and markets worldwide
- Both parties will have the option to enter into an exclusive OEM Supply Agreement, which will enable D2Solar to manufacture certain ClearVue components
- To assist product development timeframes, Clearvue is in initial negotiations to co-locate its US-based technical and engineering team to the D2Solar premises in California
- Shares were trading 10.8 per cent higher today at 41 cents each by the end of the trading day
Smart building material company, ClearVue Technologies (CPV) has signed a Master Services agreement with D2Solar for ongoing technology and product development work.
D2Solar is a leading solar engineering firm based in Silicon Valley, California.
The company said the agreement will set the framework for a long-term development partnership, which will assist in its long term growth and market development strategies for North America and markets worldwide.
The agreement covers previous development work undertaken with D2Solar.
Current discussion and negotiation are taking place for an expanded scope of work. This includes work on further developing the second and third generation of ClearVue technologies and products, and further refinement of the single and double-glazed product types.
Both parties will have the option to enter into an exclusive OEM Supply Agreement. This will enable D2Solar to manufacture certain ClearVue components.
To assist product development timeframes, Clearvue is in initial negotiations to co-locate its US-based technical and engineering team to the D2Solar premises in California.
It believes this will ensure a localised US technical team is capable of supporting the company’s sales and marketing efforts.
The company was granted an Advance and Overseas Certificate last year which will allow it to claim eligible expenditure under its Australian R&D Tax Incentive claim.
Executive Chairman Victor Rosenburg said he is pleased to be working with D2Solar.
“Very few contract development teams globally have the depth of skills and knowledge that the team at D2Solar can offer – we have been very pleased to be working with them over the last few years and are very much looking forward to deepening this relationship going forward including as a tech development partner, contract manufacturing partner, and through the proposed co-location,” he said.
Shares were trading 10.8 per cent higher today at 41 cents each by the end of the trading day.