ClearVue Technologies appoints 8G Solutions as latest US distributor
Smart building materials company ClearVue Technologies (ASX: CPV) has expanded its US footprint by appointing glazing specialist 8G Solutions as a distributor for its market-leading products and technologies.
Under the terms of the five-year agreement, 8G Solutions will assume non-exclusive distribution rights for ClearVue’s solar integrated glass units (IGUs) in the Colorado, Missouri and Arizona markets, with the potential for exclusive rights subject to performance.
The 8G deal follows ClearVue’s distributor agreement earlier this month to service markets in South Africa, Botswana, Lesotho and other African countries, along with a distributor appointment secured in September to supply products to the Israeli market.
The new agreements are believed to further demonstrate the growing global need for ClearVue’s solutions which target energy efficiencies and carbon emissions reductions.
Established in 1984, 8G Solutions operates across three US states and has projects valued at up to $15 million in the areas of curtain walls and façades, window and structural glass walls, interior glazing, metal panels and storefronts.
The company is expected to work in collaboration with US-based Advanced Impact Technologies Inc in executing the ClearVue distributor agreement.
In mid-2022, AIT Group was awarded a two-year deal for the manufacture, sales, marketing and distribution of ClearVue’s IGUs to the North American market.
At the time, ClearVue said the appointment would secure a US supply chain for its products and technologies.
ClearVue global chief executive officer Martin Deil said the new agreement would lift the company’s US profile.
“This agreement will strengthen our presence in the US, which is our primary growth market, and build on our network of manufacturers and distributors including AIT Group in Florida and Massachusetts, and Graboyes in Pennsylvania,” he said.
The deal will also align with the US Inflation Reduction Act and the nation’s transition to low-carbon construction.
“This significant market opportunity is driven by US government incentives which will enable the construction and building sectors to become environmentally sustainable,” Mr Deil said.
“Our unique solar glazing technology gives companies real solutions to meet current and incoming strict sustainability regulations via improved thermal performance of windows which reduces heating and cooling energy demands and costs, and by providing clean energy on-site.”