- ClearVue Technologies (ASX:CPV) receives a $935,000 R&D tax credit from the Australian Taxation Office
- The tax credit is linked to various R&D activities.
- The claim relates to work carried out on the development and production of ClearVue’s generation two IGUs
- ClearVue Technologies collaborates with D2 Solar in the US and conducted greenhouse research at Murdoch University in WA
- ClearVue is up 5.68 per cent, trading at 46.5 cents at 12:18 pm AEDT
Smart building materials company ClearVue Technologies (ASX:CPV) has received a $935,000 research and development (R&D) tax credit from the Australian Taxation Office.
The credit was claimed under the Australian Government’s Research & Development Tax Incentive.
The claim relates to work carried out on the development and production of ClearVue’s generation two insulated glass units (IGUs), essential components such as solar strips and connector blocks, as well as research on new materials and testing for their proprietary PVB interlayer.
The company’s collaborative research with D2 Solar in the US and greenhouse research conducted at Murdoch University in Western Australia also contributed to the tax credit.
“We appreciate the Australian Government’s R&D tax incentive program which encourages and enables Australian companies to be innovative on their path to commercialisation,” CPV CEO Martin Deil said.
ClearVue was up 5.68 per cent, trading at 46.5 cents at 12:18 pm AEDT.