ClearVue Subsidiary OptiCrop Secures First Sale
| Stock | Clearvue Technologies Ltd (CPV.ASX) |
|---|---|
| Release Time | 4 Jun 2025, 9:56 a.m. |
| Price Sensitive | Yes |
ClearVue Subsidiary OptiCrop Secures First Sale
- OptiCrop secures first commercial project, a c.A$80,000 greenhouse installation
- OptiCrop became a subsidiary following ClearVue's acquisition of ROOTS Sustainable Agricultural Technologies' IP
- Project reinforces ClearVue's strategy to expand into sustainable protected cropping and greenhouse agriculture
ClearVue Technologies Limited (ASX: CPV, OTCQX: CVUEF) has announced the first commercial project secured by its wholly owned Israeli subsidiary OptiCrop (Israel) Ltd ('OptiCrop'), following the acquisition of ROOTS Sustainable Agricultural Technologies' IP and assets in November 2024. The project, valued at circa A$80,000, will use OptiCrop's proprietary ground-source heat exchange cooling solution at a one-acre greenhouse being built by a global irrigation and greenhouse provider. The cooling coils optimise nutrient fluid temperatures that feed elevated plant gutters across the greenhouse, supporting improved plant growth and energy efficiency. The project marks a key milestone for OptiCrop and the integration of ROOTS' IP into ClearVue's broader ag-tech platform. ClearVue's Global CEO, Martin Deil, stated that this first sale for OptiCrop is a significant milestone for the company's ag-tech division and demonstrates early commercial traction in the protected cropping space. It validates ClearVue's strategic direction following the acquisition of ROOTS and underlines the strong market potential for integrated solar greenhouses and sustainable climate-control solutions. The OptiCrop team secured this project being delivered for OptiCrop's client by a global leader in precision irrigation solutions - an agrotechnology company working in over 110 countries, who have irrigated over 10 million hectares of land serving over two million farmers. This order demonstrates the demand for ClearVue's technologies in the market.