ClearVue Technologies (CPV) Investor update summary

Governance, ESG, and Management Updates

• Board strengthened with appointments of experts in solar, electronics, green building, and ESG, enhancing R&D, sustainability, and project delivery capabilities.

• Management team operates at lower remuneration than predecessors, aligning incentives with shareholder interests.

• Governance improvements include risk management, fair remuneration, increased internal capability, and focus on transparency and shareholder rights.

• Strengthened internal capability with key hires in business development, marketing, strategy, operations, and technical roles.

• Board and management focused on timely disclosures and enhanced ESG leadership.

Operational and Financial Performance

• Achieved a 52.7% reduction in quarterly cash burn and removed $6.9M in annualised costs, surpassing initial targets.

• All restructuring tail payments completed, eliminating legacy cash outflows.

• Operating cost reductions and restructuring measures completed, with improved company capability.

• Cash flow positive target remains within 36-48 months.

• Enhanced pipeline visibility and conversion discipline through a new CRM system.

Product Development and Certification

• Major progress in fire testing, design validation, and product certifications for Gen 3 Vision Glass and Helios; Gen 3 product testing completed with TUV SUD review underway.

• IEC certification achieved for TOPCon-based solar laminate products, boosting efficiency by 5-7 watts/m².

• Product testing underway in Singapore and Australia, with significant energy efficiency improvements expected.

• Multiple new products (Alpha, Bravo, Zulu, Delta) in advanced stages of development, prototyping, testing, and certification.

• Upgraded solar cells incorporated, with plans to recertify using back-contact cells for higher efficiency.