ClearVue Technologies Limited (ASX:CPV) Executive Chairman, Victor Rosenberg talks distribution, installations and the market response to ClearVue's technology.
Rachael Jones: Hello I’m Rachael Jones for the Finance News Network. Joining me from ClearVue Technologies Limited (ASX:CPV) is Executive Chairman, Victor Rosenberg. Victor, welcome back to FNN.
Victor Rosenberg: Thank you very much, it’s great to be here again.
Rachael Jones: ClearVue manufactures an energy producing glass, by placing a layer between two panes of glass. Can you tell me more about this?
Victor Rosenberg: We develop a very exciting technology, which is actually gaining quite a reputation globally now, since we did the two main shows. Basically what happens, we have a spectral coating at the back and we have an air gap, two layers of glass, which are then laminated with our activated PVB. The visible light goes through the glass, whereas the infrared and UV are caught by the interlayer, which converts the UV to the infrared range. And by various mechanisms like deflection, diffraction, luminescence, it actually transfers the infrared rays towards the edge of the glass, where it is converted into electricity.
Rachael Jones: Let’s talk about your recent announcements. Can you tell me about the distribution you have for the Middle East?
Victor Rosenberg: We’ve appointed an agent called Grafsol; they’re in the green space. And in fact, they supply green building materials to the building and construction industry throughout the Middle East. Of course, Dubai, Amman, Qatar and those areas. They’ve also agreed to put up a demonstration unit, which is really important for us, as part of the licence agreement. And that’ll take place probably around about May this year.
Rachael Jones: You also have a demonstration centre in the Vicinity Centres, in Warwick Grove in WA. What can you tell me about this?
Victor Rosenberg: That’s our first collaborative unit that we’ve put up, with the Vicinity Group (ASX:VCX) in their Warwick Grove centre. We’re very grateful that they’ve given us the opportunity. They really are a professional organisation and it’s an absolute pleasure to work with them. Vicinity themselves are I think, the second largest retail asset management group globally.They’re open to innovation and they’re forward thinking, in that they are already thinking about future energy needs. They’re the perfect fit for us and again, I want to thank them for this opportunity of working with us. I also believe that there will be many opportunities with the Vicinity Group in many of their 63 shopping centres that they own throughout Australia.
Rachael Jones: Your Company has been very active in attending tradeshows, particularly towards the end of 2018. What can you tell me about the tradeshow you attended in Germany?
Victor Rosenberg: We attended Germany; that was in October, probably one of the biggest glass shows. We had unbelievable attendance at our stand. In fact, I had four people working for us and we were busy all the time. The interest was enormous. We also then did a show in the US, called Greenbuild the next month; the same, great interest in our product. But the one clear message that came out from both shows from the architects, is that they want clear glass and glass must be functional. The days of just sterile glass I think are coming to an end, they’ve got to add value and they’ve got to be clear.
Rachael Jones: Why was it important for you to attend the tradeshow in the US?
Victor Rosenberg: Because it exposed us to the global audience. We’ve never yet exposed ourselves on a global stage and this has opened up markets for us, and a lot of interest.
Rachael Jones: Now to your finances Victor, can you provide a snapshot?
Victor Rosenberg: At the end of the December quarter, we had cash of $3 million in the bank. And that would be enough to see us through for the following year, to complete all our projects and get the results we’re looking for.
Rachael Jones: Last question now. What is the outlook for 2019?
Victor Rosenberg: 2019 is looking really good. We’re looking forward to an extremely busy year and definitely a prosperous year. The things that we’ll be focusing on is expanding our licensee numbers, that’s really important. We’re also going to be looking at setting up models for demonstration, in different parts of the world. I’m hoping to do possibly New York as well. We need to complete our R&D, which we’re working with ECU, the University of NSW. And at Singapore and the Jerusalem University, we’ve got three big projects running this year.
We need to complete the UL, which is the American certification and the IEC, which is the European or global certification. And finally, we’d like to see how we can further use the technology to secure space in the IoT world, as well as using our energy in managing building integrated systems .
Rachael Jones: Victor Rosenberg, thanks for the update.
Victor Rosenberg: Thank you.