Smart building materials company ClearVue Technologies Limited (ASX:CPV) has entered the Singapore market through a manufacturing and distribution agreement with H T Glass, a leading Singapore glass processing specialist.
The agreement marks ClearVue’s expansion into Southeast Asia where demand for clean renewable solutions is growing rapidly as companies prepare for incoming carbon mandates.
Under the five-year agreement, H T Glass secures non-exclusive manufacturing and distribution rights for ClearVuePV solar integrated glass units (IGUs) in Singapore. In addition, ClearVue has granted H T Glass a non-exclusive license to manufacture and supply the products to ClearVue (or as it directs) on an OEM basis.
H T Glass adds to ClearVue’s increasing presence in Southeast Asia and a growing list of licensed manufacturers and distributors for ClearVue products and technology globally, including the recently appointed 8G Solutions in the US States of Missouri, Kansas and Arizona, Greendustrial Global in Israel, and the Concept Business Group in South Africa – all as new distributors.
Founded in 2007 and headquartered in Singapore, H T Glass operates a 5000 sqm modern processing facility on the island of Singapore and employs over 50+ employees. It is one of the only companies doing end-product glass processing on the island of Singapore.
We are proud that our first commercial agreement in Singapore is with one of the region’s most progressive and flexible glass processors on the island,” Martin Deil, Global CEO of ClearVue, said.
“Partners like HT Glass play a critical role in delivering our unique technology to customers in Southeast Asia, a region pivotal to our growth strategy.
“ClearVue can immediately take advantage of the rapidly expanding market in Southeast Asia for clean renewable solutions driven by regulation, particularly in Singapore which has one of the world’s most stringent net zero policies including a carbon tax that has been significantly increased for 2024 and increasing thereafter where it is expected to reach SGD$50 to $80 per tonne of CO2e by 2030.
“Our partnership with H T Glass is based on our mutual understanding of the challenges facing the construction and building sectors in this region as they start preparing for incoming sustainability mandates.
“This Agreement also comes soon after our second-generation photovoltaic insulated glazing units (Gen-2 PV IGU) system and Spandrel Solution were independently verified by the Singapore Building and Construction Authority through its Skylab facility. It found that ClearVue’s high energy-output clear solar glass technology Gen-2 PV IGUs reduced cooling load by 22.8% and overall energy savings by 7.5% after accounting for energy generation.
“H T Glass have been instrumental in these successes having worked with ClearVue over the past 18 months in completing testing work on developing ClearVue’s Gen-2 product, and their support of our technology as a partner and IGU manufacturer is very important to us. This latest step formalises our relationship with H T Glass and lays the groundwork for future sales in the Southeast Asian region.
“ClearVue offers the only high-energy clear solar glass on the market easily integrated into window manufacturing, helping building owners reduce carbon emissions, while improving energy efficiency.”
“We are actively engaged in discussions regarding multiple projects in the region where ClearVue products can offer substantial value, and we eagerly anticipate the opportunities to collaborate with HT Glass on these endeavors.”
Sam Tsang, Managing Director of H T Glass said:
“We are pleased to be working with ClearVue and have enjoyed the experience to date in assisting ClearVue complete its product development goals with its Gen-2 product including ensuring suitability for mass manufacturing – a requirement for ClearVue and its licensees to sell its product into large scale building projects globally. Working with ClearVue on its BCA Skylab testing has also assisted us to better understand the real benefits of the ClearVue product for this region and globally.
H T Glass have recently purchased a new glass processing line to double our existing capacity and we are in the process of commissioning the same in advance of expected growth of orders, including for the ClearVue product during 2024 and beyond. We are thankful for the opportunity to be able to partner with ClearVue as one of its licensees for the region – we are anticipating a large level of interest in the region for the ClearVue product and other products that can respond to the increasingly challenging regulatory environment of Singapore and its surrounds.
