• Strengthening the Board with addition of two industry experienced members
• New position of Chief Strategy Officer added on 11 August
• New strategic plan in draft with heavy emphasis on business development in Australia, Asia and Middle East

ClearVue Technologies Ltd (ASX:CPV) has announced the completion of a business review conducted by Kidder Williams, which has resulted in the adoption of a new strategic plan. The key changes include strengthening the Board with the addition of two industry experienced members, the creation of a new Chief Strategy Officer position, and the development of a new strategic plan with a heavy emphasis on business development in Australia, Asia, and the Middle East. The company has also implemented permanent cost-out initiatives to deliver approximately $3.4 million in annualised savings, primarily through the consolidation of the organisational structure and the discontinuation of the commercially unviable OptiCrop business. The Managing Director, Mr. Douglas Hunt, expressed excitement about the changes, particularly the increased and refocused business development initiatives, which have already led to an increase in requests for proposals. The Chairman of Kidder Williams, Mr. David Williams, stated that ClearVue has taken defining steps to strengthen its board composition, organisational structure, and strategic plan to support near-term business development, and that Kidder Williams will assist with capital management to underpin a more intensive approach to growth, including the identification of a cornerstone investor and/or parties for collaboration.