ClearVue Receives Australian Government R&D Rebate
Key points
- ClearVue received A$881k R&D rebate from Australian Government
- Company repaid A$409k loan to Radium Capital
- ClearVue received net proceeds of A$444k
Full summary
ClearVue Technologies Limited (ASX:CPV) announced that it has received a payment of A$881,270.85 under the Australian Government's Research and Development Tax Incentive program. At the same time, the company has retired its short-term loan of A$409,174 from Radium Capital that was secured by the R&D rebate. The resulting net proceeds ClearVue received from the Australia R&D grant are A$444,848.13. ClearVue is an Australian technology company that integrates solar technology into building façade and rooftop surfaces to provide renewable energy generation and offset the operational carbon footprint of buildings. The company's advanced, patented glass technology preserves glass transparency while generating energy. ClearVue has extended solar energy-generation to vision glass, cladding, spandrel, balustrade, and skylight solutions, which can significantly contribute to the net zero building.
Summary generated by a large language model. Please interpret with care.