ClearVue Technologies Ltd (ASX:CPV, OTCQB:CVUEF) has seen a boost in US sales and marketing opportunities, with 44% of sales leads originating from that country.
The company has been able to benefit from major strides in carbon emission reduction in California and New York as well as from significant changes in buyer behaviour towards the decarbonising of the economy.
California has mandated that all buildings in the state hit zero energy use by 2050 while New York has set the target of reducing emissions produced by the city’s largest buildings by 40% by 2030 and 80% by 2050.
In a corporate update, ClearVue said its attendance at events such as AgTech week in New York and EY’s Strategic Growth Forum in California had greatly lifted its visibility in the US.
Some 75% of its sales discussions in the US are with commercial real estate and developers, including preliminary discussions with real estate managers with US national footprint.
ClearVue at the EY Strategic Growth Forum.
Sales leads in Europe and the United Kingdom represent about 19% of the total, while about 6% are generated in Asia.
Singapore is likely to be a critical market as the company has developed a number of meaningful relationships over the years.
The testing of its PV glazing product at the city-state’s Building and Construction Authority (BCA) Skylab facility is on target for completion in early 2023, following which it will commence sales discussions with locally-based companies.
As well, there are elevated levels of interest from within ASEAN countries, in particular from Indonesia, where construction activities are expected to pick up due to growth in the middle-income population.
ClearVue operates in the Building Integrated Photovoltaic (BPIV) sector, which involves the integration of solar technology into building surfaces, specifically glass and building façades, to provide renewable energy.
The company has developed advanced glass technology that aims to preserve glass transparency to maintain building aesthetics whilst generating electricity.
Its electricity-generating glazing technology is strategically positioned to complement and make more compelling, the increased use of energy-efficient windows now being regulated in response to global climate change and energy efficiency goals.
The window technology has application for use in the building and construction and agricultural industries, among others.
Read the full shareholder presentation here.
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