Company Name: ClearVue Technologies Limited (ASX: CPV)
Announcement Date: 27/05/2018
Announcement Category: Investment
ASX RELEASE | ClearVue Technologies Limited (ASX:CPV)
Successful listing of ClearVue on Australian Securities Exchange
ClearVue successfully closes IPO raising $5 million
Trading in ClearVue to commence on ASX on Friday 25 May 2018 under the ticker code “CPV”
ClearVue operates in the Building Integrated Photovoltaic (BIPV) sector, which involves the integration of solar technology into building components, specifically glass and building surfaces, to produce renewable energy
ClearVue aims to preserve glass transparency to maintain building aesthetics whilst generating electricity
Funds raised from the IPO Offer will be used for:
o Commercialising ClearVue technology
o Carrying out product quality & safety testing
o Research & development
o Branding, marketing & sales
o IP – Patents and Trade Marks protection
25 May 2018: ClearVue Technologies Limited (ASX:CPV) (“ClearVue” or “the Company”) is pleased to announce it has closed its IPO raising $5 million with trading to commence on the ASX under the code “CPV” at 10:30am WST on Friday 25th May, 2018.
The Company raised $5 million through the issue of 25,000,000 shares at $0.20 each under its well supported IPO, giving the Company a market capitalisation of $19 million at the offer price.
Following the ASX listing, the Company is in an improved position to develop and commercialise its industry-leading technology, which integrates solar PV technology into building components, specifically glass, to produce renewable energy.
ClearVue operates in the Building Integrated Photovoltaic (BIPV) sector, which involves the integration of solar technology into building components, specifically glass and building surfaces, to produce renewable energy.
ClearVue has developed advanced glass technology that aims to preserve glass transparency to maintain building aesthetics whilst generating electricity.
Solar PV cells are incorporated around the edges of a window and the lamination interlayer between the glass in the window incorporates ClearVue’s patented proprietary nano and micro particles, as well as a spectral selective coating on the rear external surface of the window.
ClearVue’s glass technology has application for use in the building and construction and agricultural industries (amongst others).
ClearVue has worked closely with leading experts from the Electron Science Research Institute, Edith Cowan University (ECU) in Perth, Western Australia to develop the technology.
ClearVue Executive Chairman Victor Rosenberg said: “On behalf of the Board, we would like to thank our new and existing shareholders and investors for their support in the IPO.
“Funds raised will be used to assist in commercialising our ground-breaking technology to generate clean renewable energy from glass without compromising on window transparency.
“Unlike other solutions on the market, which use materials that are not completely transparent, ClearVue’s technology maintains clear glass. This is a fundamental property of glass as a building material as it visually allows people to connect with the outside world.
“We have already shown that there is significant potential for our product, having already been awarded a Federal government grant to construct a greenhouse using our patented technology.”
For further information, please contact:
ClearVue Technologies Limited Media Enquires
Victor Rosenberg David Tasker
Executive Chairman Director
ClearVue Technologies Limited Chapter One Advisors
[email protected] [email protected]
M: +61 8 9 482 0500 M:+61 433 112 936
About ClearVue Technologies Limited
ClearVue Technologies Limited (ASX:CPV) is an Australian technology company that operates in the Building Integrated Photovoltaic (BPIV) sector which involves the integration of solar technology into building materials, specifically glass and building surfaces, to provide clean renewable energy for construction and agriculture applications (amongst others). ClearVue has developed advanced glass technology that aims to preserve glass transparency to maintain building aesthetics whilst generating electricity.
To learn more please visit: www.clearvuepv.com
Announcement URL: http://www.clearvuepv.com/clearvue-technologies-limited-asx-cpv-successfully-lists-on-the-asx/
About ClearVue Technologies Limited (ASX: CPV):
ClearVue Technologies is a disruptive technology where the consumers of energy are both the demand side and the supply side of their energy needs. Our mission is to enable consumers of energy the ability to generate their own electricity to power their own homes, businesses, greenhouses and cars from one of the world’s most common building materials, glass.
Through our patented technology, an activated interlayer incorporating proprietary nano and micro particles sits within two panes of glass and directs infra-red and down-converted ultraviolet light to the sides of a window to harvest the solar energy.
ClearVue Technologies is at the forefront of an energy and design revolution that we believe will address in part, society’s future energy demands for a clean, sustainable and renewable energy solution.
Go to Company Profile for: ClearVue Technologies Limited (ASX: CPV)
Announcement Contact: [email protected]