ClearVue signs NZ distributor for solar glass
ClearVue Technologies has appointed leading New Zealand glass manufacturer Viridian Glass, to continue the company's solar glass sales push into the Asia Pacific region.
The ASX listed company has struck a five-year manufacturing and distribution agreement that will enable Viridian to exclusively manufacture the range of ClearVue smart solar glazing products. Viridian will also pick up distribution rights for the products within the island nation.
The expansion into the NZ market strengthens the company's push into the Asia Pacific region and will meet the growing demand for energy-efficient building materials. While ClearVue is developing a range of building products, its core innovation is to turn window glass into a solar generating panel.
The new deal will provide local builders, developers and architects with energy producing products such as solar windows and building envelope 'spandrels' and cladding, to be integrated into their projects, resulting in carbon reduction and increased energy efficiency.
Viridian Glass is New Zealand's largest glass processor, supplying glazing solutions to both residential and commercial markets. It has a strong focus on energy efficiency and performance.
ClearVue's broader growth plan is to expand its manufacturing and distribution footprint globally. Viridian is the latest industry player to join a growing pipeline of strategic partners, which includes recently-appointed Sinrok Solar Energy in South Korea.
ClearVue's agreement with Sinrok is expected to drive sales of its smart solar glazing products to South Korea's building, construction and greenhouse sectors. The company is adopting a two-prong approach for its entry into South Korea, one of Asia's leading renewable energy-conscious nations.
ClearVue plans to initially market its new-age solar products through Sinrok, which will become a non-exclusive distributor of its products to targeted sectors in South Korea.
However, Sinrok will become an exclusive distributor for products used in both solar fencing and road barrier applications in South Korea.
Roadside barriers installed in South Korea for acoustic purposes alongside busy freeways and highways are often comprised of thick transparent glass instead of concrete and steel which is more familiar to Australian motorists.
ClearVue's innovative solar glass fencing product could potentially generate sufficient energy to power barrier lighting or be used in nearby residential areas according to the company.
It may even have a market as smart powered glass balustrading on balconies and stairs.
ClearVue is also linking up with Sinrok as an exclusive partner in a huge local project to expand a large industrial site in South Korea.
The companies will look to integrate the full range of smart solar solutions into the new industrial infrastructure, supporting the country's vision to have workplaces utilise technologies such as clean energy, to generate renewable power. The two firms plan to formalise a distribution agreement in the coming months.
In the interim, Sinrok will take the lead with the industrial site project to secure the provision of smart solar products in its development and begin to liaise with potential South Korean customers.
ClearVue's power-generating windows act like transparent solar panels, generating electricity from the sun's rays to make a building more energy-efficient.
The windows comprise a clear, double-glazed glass panel sandwiched around a proprietary laminated plastic layer that contains nano- and microparticles. The microparticles absorb and divert solar energy into thin strips embedded around the internal edges of the window, where they are converted into electricity.
While the bulk of the company's products are fitted into new buildings, the retrofit-refurbishment market is beginning to account for a growing product supply.
Additionally the greenhouse and modular housing industries show potential growth opportunities and are further markets ClearVue is focused on.
Is your ASX-listed company doing something interesting? Contact:
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