ClearVue Technologies Ltd (ASX:CPV, OTCQB:CVUEF) has received an R&D tax credit from the Australian Taxation Office of A$812,830 as part of the Commonwealth Government Research & Development Tax Incentive Program.
The claim is related to research and development work completed over the past year which includes:
- CPV’s research program with research partner D2 Solar in the US;
- greenhouse research work being conducted at Murdoch University in Western Australia;
- development work on productisation of the ClearVue Smart Façade platform amongst a range of other R&D work.
Investing in a long-term future
“As a technology company leading the way in solutions for construction decarbonisation through our solar window and façade solutions, we need to maintain our technical and competitive edge and accordingly continue to invest into our innovation pipeline,” ClearVue executive chairman Victor Rosenberg said.
“Over the last 12 months, the company has invested into [its'] longer-term future by continuing to conduct both research into longer-term technologies that will enhance the ClearVue technology and product, but also into development work to productise earlier research to enhance and improve upon our existing products.
“We are very thankful to the Australian Government through the tax incentive program which helps support innovative Australian companies on their innovation and commercialisation journeys without which some of this R&D work would not be possible.”
About CPV
The smart building materials company 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.
CPV 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.
Solar PV cells are incorporated around the edges of an Insulated Glass Unit (IGU) used in windows and the lamination interlayer between the glass in the IGU incorporates ClearVue’s patented proprietary nano and microparticles, as well as its spectrally selective coating on the rear external surface of the IGU.
ClearVue’s window technology has application for use in the building and construction and agricultural industries (amongst others). ClearVue has worked closely with leading experts from the Electron Science Research Institute, Edith Cowan University (ECU) in Perth, Western Australia to develop the technology.