D2Solar agreement enhances technology development in the United States

STRONG POINTS

  • ClearVue has signed a Master Services Agreement (MSA) with D2Solar of California to continue development work on its second and third generation technologies
  • D2Solar is a leading specialty solar engineering company based in Silicon Valley, California, USA.
  • MSA plans OEM supply agreement for D2Solar to manufacture certain co-developed ClearVue components to secure US supply chain
  • ClearVue Collocates Its US-Based Technical and Engineering Team With D2Solar

February 8, 2022: Smart building materials company ClearVue Technologies Limited (ASX:CPV OTC:CVUEF) (ClearView or the Company) is pleased to announce that it has officially engaged D2Solar by signing a Framework Services Agreement (MSA) for ongoing work on technology and product development.

The signing of the MSA establishes the framework for a long-term development partnership with D2Solar, extending the company’s long-term growth and market development strategies for its key territory of North America, with significant benefits. extending to markets all over the world.

The intent behind D2Solar’s commitment as a US component manufacturer is to ensure a stable and secure US-based product supply chain, which has become a key factor in decision-making. purchase in the main North American market.

The MSA provides for the completion of development work packages defined and defined in specific statements of work (or SOW). The MSA captures the development work already carried out by D2Solar within the framework of an initial specification.

The first statement of work includes development work undertaken with D2Solar between 2019 and 2021, including: the development of prototypes demonstrating a 33% improvement in the energy performance of its insulated glass unit (IGU) at 40 W (peak) per m² through design and other improvements announced to market on May 7, 2020; and, the development of single and double glazed versions of its product designs as announced on May 18, 2021.

Additionally, the MSA anticipates that both parties will enter into an exclusive OEM supply agreement for D2Solar to manufacture certain ClearVue components once final manufacturing-ready products are agreed upon and tested against appropriate product certification standards. These components would be supplied to ClearVue for inclusion in finished products or for supply to ClearVue’s manufacturing and manufacturing licensees.

A second Statement of Work is currently under discussion and negotiation for an expanded scope of work. The second specification will include work on developing second and third generation ClearVue technologies and products, as well as refining single and double-glazed product types.

Additionally, ClearVue is in initial negotiations to co-locate the company’s US-based technical and engineering team into and/or adjacent to D2Solar’s California facility to improve product development timelines. and to ensure that a localized US technical team is in place and capable of supporting the Company’s sales and marketing efforts and providing after-sales service in North America.

Due to the specialized and highly technical nature of the development work undertaken by D2Solar, the company obtained a Prior and Overseas Discovery Certificate (No. OF01278) from AusIndustry in June 2021 to authorize research and development work. development undertaken by the company outside Australia. , in particular through D2Solar, to be claimed as part of the company’s annual R&D tax incentive application.

The Discovery Certificate allows the company to claim qualifying expenditure as part of its Australian R&D tax incentive claim for research and development work undertaken by the company in the United States through D2Solar. The certificate of finding extends to the company’s R&D tax incentive claim for fiscal year 2019/20 and (where development work is not completed in that fiscal year) for the following two fiscal years. The Company expects that a significant portion of the development costs of the development work in progress and the work that will be the subject of the second Specifications with D2Solar may be claimed.

Victor Rosenberg, Executive Chairman of ClearVue, said:

“ClearVue is very happy to work with D2Solar; he is a one of a kind service in the development of solar technology and a pleasure to work with. Very few contract development teams in the world have the depth of skills and knowledge that the D2Solar team can offer – we have been very happy to work with them over the past few years and are very much looking forward to deepen this relationship in the future, including as a technology development partner, a contract manufacturing partner and through the proposed collocation. »

Duncan Harwood, Managing Director of D2Solar added:

“Being in the Silicon Valley region, D2Solar is exposed to many new technologies and we are working on some of the latest cutting-edge developments from leaders in the solar industry as well as many solar and technology start-ups and scale-ups. However, the opportunity to work with ClearVue was very exciting and exposed us to a totally different and rapidly developing market vertically focused on energy transition, electrification and decarbonization in construction. We have worked on building integrated photovoltaics before, but not window integrated photovoltaics like the ClearVue product which is in a very exciting new area that is well placed to focus on responding to the climate crisis. We are very pleased to work with ClearVue as a development partner in the United States and look forward to a long and mutually beneficial relationship in the future.

ClearVue looks forward to updating the market on technology developments made with D2Solar in a timely manner and progress made with D2Solar in general.

Authorized by the Board of Directors of ClearVue Technologies Limited.

FOR MORE INFORMATION, PLEASE CONTACT:

ClearVue Technologies Limited

Mr Victor Rosenberg

Executive Chairman

[email protected]

+61 8 9220 9020

Citadel-MAGNUS

Michael Weir/Russel Quinn

0402 347 032 / 0403 322 097

ABOUT CLEARVUE TECHNOLOGIES LIMITED

ClearVue Technologies Limited (ASX:CPV) is an Australian technology company operating in the Building Integrated Photovoltaic (BPIV) sector, which involves the integration of solar technology into building surfaces, particularly glass and building facades. buildings, to provide renewable energy. ClearVue has developed advanced glass technology that aims to preserve the transparency of glass to maintain building aesthetics while generating electricity.

ClearVue’s power-generating glazing technology is strategically positioned to complement and make more compelling the increased use of energy efficient windows currently regulated in response to global climate change and energy efficiency goals.

The solar photovoltaic cells are incorporated around the edges of an insulated glass unit (IGU) used in the windows and the interlayer lamination between the glass of the IGU incorporates ClearVue’s proprietary patented nano and microparticles, as well as its coating spectrally selective on the back outer surface of the IGU.

ClearVue’s window technology has applications in the building and construction and agriculture industries (among others).

ClearVue worked closely with leading experts from the Electron Science Research Institute at Edith Cowan University (ECU) in Perth, Western Australia to develop the technology.

For more information, visit: www.clearvuepv.com

ABOUT D2SOLAR

D2Solar: a one-of-a-kind engineering services company specializing in photovoltaic technologies. Since 2010, D2Solar has been helping companies bring their solar innovations to market, from the design phase to fully qualified commercial products. As a dedicated extension of our clients’ teams, we have earned the trust of over 150 companies with unparalleled expertise and speed.

  • Design and Engineering Validation: From product concepts, to design compromises, to selecting the right materials, your secret sauce is safe with us.
  • Reliability Validation: Don’t let reliability issues get in the way of your goals. Count on our expertise in life prediction and certification.
  • Manufacturing Validation: We help our customers meet the challenges of pilot manufacturing, design qualification and supply chain development.
  • Product Launch: With an in-house capacity of up to 2MW, we are equipped to scale your product and help you transfer safely to a low-cost environment.

For more information, visit: www.d2solar.com

FORWARD-LOOKING STATEMENTS

The statements contained in this press release, in particular those relating to possible or assumed future performance, revenues, costs, dividends, production levels or rates, prices or potential growth of ClearVue Technologies Limited, are or may be , forward-looking statements. These statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.


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