ClearVue Technologies (CPV) Status update summary

Strategic and operational progress

• Strengthened management with new hires in strategy, engineering, and business development, including a Hong Kong-based sales manager and a global certification engineer.

• Enhanced bid capability and established a Philippine bid desk to support project pipeline growth.

• Deepened government engagement in Australia and Hong Kong, and improved CRM and investor communications.

• Completed restructuring and operating cost reductions, with a lower current burn rate than previously reported.

• Comprehensive portfolio review completed to accelerate commercialization over the next 3-4 months.

Product development and certification

• Advanced fire testing and certification for global compliance, with multinational peer review underway.

• Achieved harmonization of IEC and UL standards for junction boxes, with certification imminent.

• Upgraded to tunnel oxide passivated cells, increasing power output and improving payback.

• Gen 3 product testing ongoing, with key certifications expected in the next few months.

• Four new products in the pipeline, each offering unique market advantages and targeting certification in 2024-2026.

Commercialization and sales pipeline

• Strong inquiry rate with 10 new proposals since the AGM, and ongoing engagement with clients.

• Licensee training and launches scheduled for multiple regions, with further expansion expected in Europe and Asia.

• Several project installations completed or nearing completion, with more images and updates expected soon.

• Not positioning as a premium product; competitive pricing and improved paybacks are driving adoption.

• Expectation of significant revenue generation and commercial validation within the next 3-4 months.