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ClearVue banks $602,000 R&D tax rebate

Smart building materials trailblazer, ClearVue Technologies, has been recognised for its continued research and development with the company banking a tax credit of about $602,000 from the Australian Government.

The refund relates to work completed during the last year including the company’s research program with the University of New South Wales on quantum dots, work with Edith Cowan University on the entrance atrium at the Warwick Grove Shopping Centre and work with Arup on building modelling.

Other activities include ongoing product development, including work on its solar strips and product compliance.

ClearVue’s proprietary transparent, energy-generating solar glass technology redirects the sun’s ultraviolet radiation and infrared light to the edge of the panel where photovoltaic, or “PV”, cells convert the energy into electricity while allowing 70% of the visible light to pass through.

Executive Chairman Victor Rosenberg said: “ClearVue is a technology company first and foremost and to ensure that we maintain our technological edge, we must continue to invest in ongoing research and product development.”

“In the last 12 months, ClearVue has invested a lot into its ongoing R&D programs to ensure that our technology and products continue to lead in building-integrated-photovoltaics and smart façades for the rapidly growing smart cities market.”

The Smart City concept seeks to use digital technologies to make buildings more liveable and sustainable.

ClearVue’s solar glass technology could play a role in this concept by powering smart façades that can help manage and optimise heating, energy usage, lighting, and ventilation.

 

Is your ASX listed company doing something interesting ? Contact : matt.birney@businessnews.com.au

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