ClearVue Technologies receive ATO boost

Company News

by Rachael Jones

Smart building material company ClearVue Technologies (ASX:CPV) has received a payment from the Australian Tax Office of almost $500,000 as part of the Commonwealth Government Research & Development Tax Incentive Program.

The claim related to research and development completed during the year on things such as integrating the solar technology components into the insulated glazing unit (IGU) and manufacturing activities.

ClearVue Technologies (ASX:CPV) operates in the Building Integrated Photovoltaic (BPIV) sector which involves the integration of solar technology into building and agricultural industries, specifically glass and building surfaces, to provide renewable energy.

Shares in ClearVue Technologies (ASX:CPV) are up 5.41 per cent to 39 cents.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.