ClearVue Technologies (ASX:CPV) used a recent investor webinar to outline operational changes, product certification progress, and near-term commercialization priorities, with management arguing the company is “in the best position we have ever been by a very long way.” Executives also acknowledged ongoing timing challenges in the construction industry, but said they expect to see the results of recent work begin to show over the next three to four months.
Operational and staffing changes since the AGM
Management said several internal steps have been taken since the annual general meeting to strengthen execution. These included appointing a senior manager of strategy and transformation (described as an ex-Deloitte professional), hiring two local engineers/architects to improve bid capability, and selecting a supplier for a Manila-based bid desk. The company said the newly hired bid specialists will be trained first, then used as training resources for the Manila team.
Other initiatives discussed included:
- Engagement with Australian federal and state governments, including preparation of a paper for submission to the Victorian government.
- Deeper engagement in Hong Kong focused on government support and project facilitation.
- Implementation of a new CRM system to improve pipeline visibility and follow-up discipline.
- Launch of an Investor Hub platform intended to improve investor communications.
Cost reductions and cash burn commentary
Management said the company’s most recent quarterly cash flow report (Appendix 4C) does not yet reflect the impact of restructuring and operating cost reductions, citing notice periods and contract “tails.” The presenter said those changes are “now finished” or nearly finished and that the company has made “substantial reductions” to burn rate—potentially exceeding what had previously been announced. ClearVue said the next 4C should better reflect the current run-rate.
On funding strategy, management said the company has access to capital and has received approaches, but emphasized an intent to minimize dilution. The presenter compared the company’s current stage to being near a “harvest point” after significant preparatory work, and said management does not want to “sell the farm just before we’re going to make” a confirmed step toward commercialization.
Product certification, testing, and performance updates
ClearVue provided multiple certification and testing updates, emphasizing the complexity of certifying products positioned as building materials across many sizes. The company described a recent step in negotiating certification protocols so that testing could be focused on the smallest and largest panels in a family, rather than certifying numerous size variants.
ClearVue also said it has upgraded its solar cells from PERC to tunnel oxide passivated (TOPCon) cells, which management said improves generation by roughly 7–10 watts per square meter depending on configuration. The company said IEC certifications for these new cell products are complete.
Key certification and testing points included:
- Fire testing: Design validation was completed; the company is scoping the next testing phase with the goal of covering multiple global fire regulations in a single test. A scoping document is expected within about a week, followed by multinational peer review.
- Junction box certifications: Testing for IEC certification was completed, though the certificate has been delayed as ClearVue aims to harmonize the design to meet both IEC and UL standards. Management said a small design adjustment (adding 2mm of material) was submitted to TÜV for sign-off and that the certificate should arrive “in the coming days.” Testing has also commenced on a double-glazed junction box, with certification described as “only a few months away.”
- Gen 3 Vision Glass: Single-glazed Gen 3 IEC testing is underway with completion expected in four to five weeks. Double-glazed Gen 3 products are undergoing longer-duration thermal cycling and accelerated aging testing, including processes described as spanning several months.
- BCA Skylab test: A further BCA Skylab test is scheduled for May to quantify expected thermal performance improvements in Generation 3, with results anticipated late May or early June.
- ClearVue Helios: Testing is complete for steel- and aluminum-backed roof panels, with the certificate expected within one to two weeks. The company said it would then begin CEC listing in Australia, which it described as typically a three- to four-week process.
R&D pipeline and product development roadmap
Without detailing product specifics, ClearVue outlined four R&D initiatives labeled Product Alpha, Bravo, Zulu, and a fourth product being developed with a partner as part of research the company previously announced in Hong Kong. Management said these products “have not been made before by our competitors” and are intended to deliver “specific saleable market advantage.”
Timelines shared included prototype completion and planned certification starts extending into 2026 for at least one product, with other products targeting certification testing beginning in 2026 and later this year depending on prototype performance and development schedules.
Commercial pipeline, licensees, and project execution
ClearVue said that since the AGM—despite the holiday shutdown period in Australia—it has received 10 new proposal inquiries and described the inquiry rate as strong. Management also highlighted licensee expansion as a priority, saying Version 3 product readiness supports training and rollout.
The company provided the following licensee training and launch schedule:
- Viridian Glass: March
- Emirates Glass: April
- Alutec: April
- My Glass Projects (UK): April
- Kook-Young (South Korea): July 2026 (noting this timing is driven by the partner)
Management said it expects to finalize two to three major license partner agreements over the next six months to expand geographic coverage, particularly in Europe and Asia.
On the current order book, the company said:
- Hundreds and George’s installation is completed.
- Wellbek (Nigeria) is completed.
- Tatasols final pre-production samples have been sent, with panels likely to be produced in April.
- The Pre-Fabulus installation is expected to be completed next month after delays related to siting.
Addressing commercialization and pricing, management said ClearVue is not intentionally positioning itself as a premium-priced product versus international BIPV competitors and claimed it is typically cheaper than competitors while offering specification advantages. The presenter also cited an example project in Asia with a payback period of about 2.7 years before government subsidies, while noting construction timing remains difficult to predict. Management said it expects the beginnings of regular, significant revenue to start emerging within the next three to four months, with broader ramp-up over the year as initial projects provide commercial validation.
In Q&A, management also discussed the Synrock relationship in Korea, suggesting local-content subsidy requirements were a key barrier to a previously referenced “Barra” project and that the Kook-Young licensing agreement improves the company’s ability to pursue opportunities requiring local content. The company added that LandGlass is already promoting ClearVue’s product in China, and said it is developing one of the new products with LandGlass, describing it as potentially “completely game-changing.”
Finally, ClearVue outlined marketing and governance changes, including hiring a marketing manager-level role, engaging a marketing agency and a corporate communications/PR firm, conducting a creative audit, refreshing the website, producing product explainer videos, and planning to add two to three independent directors over the next 90 days. Management said it expects to hold webinars after each quarterly reporting period and after major announcements to support shareholder Q&A.
About ClearVue Technologies (ASX:CPV)
ClearVue Technologies Limited, together with its subsidiaries, provides building-integrated photovoltaic solutions in Australia. It offers CLEARVUEPV, a solar window; SMARTVUEPV, a self-powered smart autonomous window; and ARTPV, an imaged solar window. The company was formerly known as Tropiglas Technologies Limited. ClearVue Technologies Limited was incorporated in 1995 and is headquartered in West Perth, Australia.
