Building materials company ClearVue Technologies has launched its prospectus, aiming to raise up to $6 million via an initial public offering.
Specialist glass company ClearVue Technologies, which was first established in 1996, has launched a prospectus for a $6 million initial public offering.
The company is offering up to 30 million shares at 20 cents each, with Ventnor Securities acting as lead manager to the placement.
Funds from the offer will be used primarily for commercialising the company’s window glazing technology, which has been developed with research support from Edith Cowan University.
The company's core product offering is energy efficient, clear glass that generates electricity.
ClearVue is led by executive chairman and founder Victor Rosenberg, who has more than 40 years’ experience in the glass industry.
Jamie Lyford is the company’s executive director and has over 20 years’ experience working in the areas of intellectual property, licensing, commercialisation and technology.
Mr Rosenberg said the company’s technology aimed to preserve glass transparency.
“ClearVue’s glazing solution has broad based applications for use in the building and construction and agricultural industries,” he said
"ClearVue’s patented technology also has the potential to be adapted for use in smart phones, tablets and laptop displays and also to be integrated with internet of things sensors and devices into the ClearVue window frames so that such devices can be used (amongst other things) to monitor window and building performance, provide security functionality such that the windows are powering the devices without the need for grid connection."