CPV.ASX: Quarterly Activities Report and Appendix 4C

Quarterly Activities Report and Appendix 4C

Stock	Clearvue Technologies Ltd (CPV.ASX)
Release Time	28 Apr 2025, 8:33 a.m.
Price Sensitive	Yes

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ClearVue secures World Bank project and expands into South Korea

Key Points

Secures first commercial project in Africa with order for 100 photovoltaic skylights for the World Bank building in Nigeria
Signs Collaboration Agreement with Sinrok Solar Energy to distribute ClearVue's advanced solar glazing technologies in South Korea
Sinrok appointed as exclusive partner for the USD $19 million Bara Factories Expansion Project in Eumseong

Full Summary

ClearVue Technologies Limited (ASX:CPV; OTC:CVUEF) has secured its first commercial project in Africa, providing 100 photovoltaic skylights for a new Administration building for the World Bank's campus in Abuja, Nigeria. The contract marks the first sale of ClearVue solar skylights and the company's debut in the African market. The project is valued at around AUD$100,000 and is expected to generate 37,800 kWh per annum, saving 22,680 kg of carbon each year. The World Bank building is designed by Manning Architects and is targeting LEED Gold, WELL and EDGE certifications. The general contractor for the project is Venco Imtiaz Construction Company, headquartered in Dubai. ClearVue has also signed a Collaboration Agreement with South Korea's Sinrok Solar Energy to distribute and deploy its advanced solar glazing technologies across the country. Sinrok will serve as a non-exclusive distributor for building, construction, and greenhouse applications, and as the exclusive distributor for solar fencing and road barriers. Additionally, Sinrok has been appointed ClearVue's exclusive partner for the delivery of the USD$19 million Bara Factories Expansion Project in Eumseong, supporting South Korea's Smart Factory initiative. The company continues to manage a robust pipeline of over 60 projects and has launched targeted campaigns to increase market visibility, including a case study featuring a 40-storey 'archetype' building incorporating ClearVue products.

Outlook

The company's priorities over the coming months will be to expand its sales pipeline, converting multiple opportunities into commercial projects in the markets it has a foothold in, and expanding its licensee network.