Investors have jumped onboard ClearVue Technologies Limited (ASX: CPV) today following confirmation the smart building materials company has locked in its first commercial sale to a third party.
The sale of four 1.2m x 1.2m ClearVue panels to South African property development group GrowthPoint Properties, while not material in revenue terms, is nevertheless a key milestone as it pursues growth in the South African market.
GrowthPoint plan to integrate the purchased panels into a project they are completing for prominent South African mining company Exxaro, in Centurion, Pretoria, South Africa.
The project was completed in conjunction with green building electrical engineering consultants Conscius Consultants who are assisting with the implementation of the panels into the new building.
The ClearVue panels will be used as a demonstrator to assist GrowthPoint and Conscius Consultants obtain a 6-Star rating for the new building which has already achieved a 5-star Green Building Council South Africa (GBCSA) rating.
The GBCSA permits an allocation in their rating system to come from the introduction of an “Innovation Credit” for the introduction and inclusion of new green building technologies.
While Growthpoint is yet to apply for 6-star rating, the ClearVue PV Innovation Credit will form part of a portfolio of additional credits required to extend their GBCSA rating from 5-star to a 6-star rating.
ClearVue’s glass technology aims to preserve glass transparency to maintain building aesthetics while generating electricity.
Solar PV cells are incorporated around the edges of an Insulated Glass Unit (IGU) used in windows and the lamination interlayer between the glass in the IGU incorporates ClearVue’s patented proprietary nano and micro particles, as well as its spectral selective coating on the rear external surface of the IGU.
ClearVue’s window technology has application for use in the building and construction and agricultural industries.