ASX-listed smart building material company ClearVue Technologies has entered a deal which will see its glass technology used in advanced outdoor advertising and street furniture with investors welcoming the news.
ClearVue has inked an MoU with yStop, which supplies advanced outdoor advertising and street furniture, for the use of its glass technology in yStop’s outdoor applications.
yStop has developed advanced street furniture designs including bus shelters, bus seats, street bins, outdoor advertising panels, street signage and street signs.
In relation to street signage, yStop has developed a proprietary combined street sign and advertising panel that incorporates large illuminated aerial signage.
yStop’s street furniture includes a range of digital technologies including: waste sensors for street bins, lighting & sound, environmental sensors, digital community engagement information and story displays, public wife and displays for directional information, localised advertising apps and digital dashboards.
ClearVue and yStop will work together to introduce and incorporate Clear Vue’s solar glass solutions into yStop’s Street Furniture and signs.
Under the MOU, yStop will become the exclusive distributor in Western Australia for street furniture combining ClearVue glass with yStop’s street furniture designs.
Nationally, yStop will be the exclusive distributor for an illuminated street sign combining ClearVue glass with yStop’s proprietary street signage design.
The MOU between ClearVue and yStop represents our first collaboration opportunity where we will be able to demonstrate the versatility of the ClearVue technology and products,” ClearVue Executive Chairman Victor Rosenberg said.
“By integrating our solar glass with yStop’s illuminated street signs and advanced bus shelters, we will be able to demonstrate how ClearVue’s technologies can be deployed in situations where grid connectivity isn’t possible or is difficult, yet clear, well‐ lit glass remains a requirement.
“Modern bus shelters require power, lighting, illuminated advertising, electronic display advertising and information screens – the ClearVue solution is a great fit for this. Through this MOU we hope to be able to show our potential to customers and to the broader market.”
The MOU with yStop represents the Company’s second interaction in the public amenities space, following a small initial trial on a bus shelter operated by Adshel in Port Melbourne.
Shares were last trading 2c higher at 39.5c.