Smart building specialist ClearVue Technologies Limited (ASX:CPV) has received an R&D tax credit from the Australian Tax Office of $602,353 – under the Commonwealth Government’s Research & Development Tax Incentive Program.
ClearVue Technologies Limited is a leader in the development of Building Integrated Photovoltaic (BPIV) which involves the integration of solar technology into building surfaces, specifically glass and building façades, to provide renewable energy.
The company is well regarded for developments in advanced glass technology that aims to preserve glass transparency to maintain building aesthetics whilst generating electricity.
ClearVue Executive Chairman Victor Rosenberg said the valuable R&D tax credit related to R&D work completed during the last year including the company’s research program with the University of New South Wales on quantum dots, work with Edith Cowan University on the entrance atrium at the Warwick Grove Shopping Centre, work with ARUP on building modelling, ongoing product development including work on its solar strips and product compliance.
“ClearVue is a technology company first and foremost and to ensure that we maintain our technological edge we must continue to invest into ongoing research and product development,” Mr Rosenberg said.
“In the last 12 months ClearVue has invested a lot into its ongoing R&D programs to ensure that our technology and products continue to lead in building-integrated-photovoltaics and smart façades for the rapidly growing smart cities market.
“We are pleased that the Australian Government through the Tax Incentive Program is able to support innovation focused companies such as ours and we look forward to updating the market on the outcomes of our R&D activities as they come to fruition over time.”