Smart building materials company ClearVue Technologies Limited (ASX:CPV) has created a Singapore based operating entity, ClearVue Asia Pte Ltd to support its expansion and market entry into the South East Asian region
CV Asia is to be licensed by ClearVue Technologies Limited to operate the ClearVue business in Singapore and Malaysia with the rights to sub-license manufacturers and distributors as applicable in and for that region.
In further developments, CV Asia as part of the arrangement and expansion plans has signed a Collaboration Agreement with CSME Power Systems Pte Ltd (CSME). CSME is a well-established family owned business operating in Singapore since 1994 with extensive contacts and connections into Government in the region including housing and defence. CSME’s core business is in providing complete turnkey power generation services, comprising of EPC contracting and mechanical and electrical engineering solutions and support.
ClearVue through CV Asia has engaged Phiilip Conn and Michael Pixley as its local advisors.
Mr Conn is a Singapore-based architect with over 30 years’ experience who was recently awarded ‘Pioneer Architect’ status for his contributions to architecture in Singapore.
Mr Pixley has worked as a merchant banker specialising in strategic corporate development, joint ventures and acquisitions. He has over 30 years’ experience in the Asian business sector and has extensive networks and relationships with key personnel in government, corporate and the private sectors in the Asia Pacific region.
ClearVue Executive Chairman Victor Rosenberg said the Singapore move is part of the company’s growing global expansion.
“The setting up of ClearVue Asia Pte Ltd and the establishment of our office in Singapore with the help and support of CSME Power Systems, Phillip Conn and Michael Pixley is a fantastic step forward in our global expansion plans and great milestone for the ClearVue team.
“Singapore is a natural fit for ClearVue to set up its South East Asian activities from this very business-friendly centre. Singapore is a global hub for innovation and R&D and is at the centre of one of the most dynamic economic regions in the World today. ClearVue already has an existing research program with Nanyang Technological University in Singapore to explore solar printing technologies. Singapore also has a very strong focus on renewables and smart city opportunities and technologies.
“We are very pleased to have the opportunity to collaborate with CSME who have a deep-rooted history in the growth and success of Singapore. We think the collaboration with CSME will fast track our entry into significant government and corporate contracts for supply of the ClearVue solar IGUs, windows and smart façades.
The engagement of both Mr Conn and Mr Pixley will add significant local knowledge to the ClearVue team and we very much looking forward to working with them to grow our South East Asian presence.”
