More on Clearvue...am buying a stack on open...will save developers millions and make investors millions imho...Recent tech success
The companyrecently reportedpositive test results using its tech in a trial run at the Skylab facility on Singapore Building and Construction Authority (BCA).
That trial saw the BCA report that ClearVue’s second-generation PV panels had reduced cooling load by 22.8 per cent and inked overall energy savings of 7.5 per cent.
BCA also noted imperceptible glare was reduced by a huge 75 per cent and thermal comfort for occupants was reported at 96 per cent higher.
A month earlier it hadconfirmedits ability to mass produce its solar PV glass panel construction materials.
Management comment
“Over recent months, the commercial potential of our technology has been validated by independent, third-party verification demonstrating real-world performance benefits,” CPV CEO Martin Deil said.
“Our management team reviewed a number of fund-raising options … we determined it prudent for ClearVue to access such a facility so it may respond … as we start to scale our execution in multiple global markets.”
This global expansion is firmly on ClearVue’s radar – the company’s overall corporate strategy looks specifically toward a global footprint.
The facility loan announced this morning does not restrict ClearVue from raising any other capital, either.
CPVshares last traded at 33 cents.
