Smart building materials company ClearVue Technologies Limited has inked a significant manufacturing and distribution agreement with Safety Glass Pty Ltd, trading as Melbourne Safety Glass and MS Glass (MS Glass).
In an ASX announcement, ClearVue said this agreement represents the company’s inaugural licensing arrangement within its home country, Australia.
Under the terms of the three-year agreement, with an option for two five-year renewals, MS Glass will enjoy exclusive manufacturing and distribution rights for ClearVue’s innovative solar integrated glass units (IGUs) in key regions.
The covered areas include Victoria, New South Wales, Tasmania, Queensland, and the Australian Capital Territory.
Additionally, ClearVue has granted MS Glass exclusive distribution rights in Western Australia, South Australia, and the Northern Territory.
MS Glass has also been awarded a non-exclusive license to manufacture and supply ClearVue products for these regions and territories, as well as internationally.
Commenting on the agreement, Martin Deil, Global CEO of ClearVue, expressed his satisfaction with the partnership with MS Glass, emphasising the significance of this collaboration for the inaugural commercial rollout of their product along the east coast of Australia.
Deil highlighted the opportune timing of the agreement, aligning with ClearVue’s accelerated growth in opportunities nationwide. He underscored the formalization of the ClearVue-MS Glass relationship, developed over the preceding 18 months.
“MS Glass, and in particular their Operations Manager Tim Boer, were one of four glass processors globally who shared their production facilities and industry knowledge with us. This helped us understand the nuances of IGU manufacture, enabling us to design a product that integrates seamlessly into existing production lines,” the CEO explained.
The agreement with MS Glass signifies the completion of licensing arrangements with all four instrumental companies, including AIT Group in the US, H T Glass in Singapore, and OEM YY Windows in China, whose valuable feedback significantly influenced ClearVue’s design team.
Anticipating the future, Deil expressed eagerness to update the market on new Australian projects signed through MS Glass in the short term and over the coming years.
Meanwhile, Tania White, general manager of MS Glass, echoed the enthusiasm for the collaboration, announcing their joint venture to introduce ClearVue’s cutting-edge solar photovoltaic glazing to the east coast market of Australia.
“We expect substantial interest in the ClearVue product, a standout in the global market amongst commercially available glazing options aligning with the imperative of moving construction towards a net-zero future,” White stated.
MS Glass, a distinguished Australian glass processing specialist with a history dating back to the 1960s, operates from its headquarters in Oakleigh, Victoria.
Boasting a state-of-the-art 15,000-square-meter processing facility and employing over 70 skilled professionals, MS Glass is well-positioned to contribute significantly to ClearVue’s expansion in the region.
The latest partnership with MS Glass adds to ClearVue’s global network of licensees, which includes recently appointed manufacturers and distributors such as H T Glass in Singapore, 8G Solutions in the US, Greendustrial Global in Israel, and Concept Business Group in South Africa.