ClearVue Expands MENA Footprint Through Dune Trading in UAE
Released
Released
Announcement PDF
ASX Announcement
13 January 2025
ASX RELEASE ǀ CLEARVUE TECHNOLOGIES LIMITED
(ASX:CPV | OTCQX:CVUEF)
ClearVue Expands MENA Footprint through Dune Trading in UAE
HIGHLIGHTS
• ClearVue expands its strategic partnership with Alutec and Aria Holding by varying its Manufacturing
and Distribution Agreement with Alutec to provide for sub-distribution through Dune MENA General
Trading L.L.C., a subsidiary of Aria Holding to distribute ClearVue’s innovative solar glass products in
the United Arab Emirates (UAE)
•
Expansion of the Alutec Manufacturing & Distribution Agreement paves the way for ClearVue’s UAE
market entry through Alutec and for further agreements with Aria Holding’s affiliates in India mid2025 and Saudi Arabia later in 2025
13 January 2025: ClearVue Technologies Limited (ASX: CPV) (ClearVue or the Company) is pleased to
announce the expansion of its arrangements with Alutec - a variation to its Manufacturing and Distribution
Agreement with Alutec in Qatar to explicitly permit sub-distribution by Alutec through related entity Dune MENA
General Trading L.L.C., a subsidiary of Aria Holding (Dune Trading), expanding ClearVue’s reach into the UAE.
This agreement marks a significant step in ClearVue’s strategy to establish a robust presence in the rapidly growing
Middle Eastern market. This expansion of the partnership leverages ClearVue’s innovative Building Integrated
Photovoltaic (BIPV) solutions, enabling sustainable construction solutions that meet increasing energy
efficiency demands in the Middle East region.
The expansion of the Alutec Manufacturiung and Distribution Agreement to provide for sub-distribution
through Dune Trading in UAE will enable the distribution of ClearVue’s advanced solar glazing products,
including its flagship ClearVue PV Solar Vision Glass directly within the UAE.
Alutec in Qatar will manufacture and supply finished IGU products to Dune Trading to supply this market.
ClearVue may also support that supply directly for ClearVue’s spandrel and cladding products.
Martin Deil, Global CEO of ClearVue Technologies, commented:
“Expansion of the agreement to include Dune Trading in the UAE represents another milestone in
ClearVue’s expansion into the Middle East. The UAE is a dynamic market committed to bold construction
projects with ambitious sustainability goals, and we are excited to bring our technology to projects that
will help meet these goals.
“Our expanding relationship with Alutec through Aria Holding demonstrates the scalability and
adaptability of our solar glazing technology. We look forward to partnering with other Aria Group
Companies as we continue to deliver on our strategy of regional and global growth.”
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Suraj Thampi, CEO of Alutec and Dune added:
“The UAE is at the forefront of innovation in the region, and ClearVue’s advanced technology aligns
perfectly with our objectives of promoting bold, sustainable and smart construction. This partnership will
provide game-changing solutions to meet growing energy demands while advancing sustainability goals
across the region.”
ClearVue anticipates further strengthening its relationship with Aria Holding through:
•
India - a planned agreement with another subsidiary of Aria Holding, expected to be signed in mid-2025,
targeting the Indian construction market, which is projected to exceed $1.4 trillion by 2025.
•
Saudi Arabia - an agreement with a new Aria Holding entity, set for later in 2025, to serve the burgeoning
construction market in the Kingdom of Saudi Arabia.
Authorised by the Board of ClearVue Technologies Limited.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ClearVue Technologies Ltd
Investors
Media
Anna Abrossimova
Head of Marketing
anna@clearvuepv.com
+61 (0) 401 398 088
Adrian Mulcahy
adrian.mulcahy@automicgroup.com.au
+61 (0) 438 630 422
Rama Razy
rama.razy@automicgroup.com.au
+61 (0) 498 440 142
ABOUT CLEARVUE TECHNOLOGIES LIMITED
ClearVue Technologies Ltd (ASX: CPV | OTCQX: CVUEF), headquartered in Australia, is a global leader in
integrating advanced solar technology into building surfaces. Our patented solar glass technology allows
energy generation from clear glass windows, making it unique in the market. This technology can be applied
to windows, skylights, greenhouses, and facades, enhancing the sustainability and energy efficiency of
buildings by generating energy from nearly all surfaces.
ClearVue’s innovation extends to a range of Building Integrated Photovoltaic (BIPV) products, enabling entire
buildings to generate electricity. This approach addresses the significant challenge of decarbonizing the
global economy. The company aims to provide practical, actionable, and quantifiable net-zero or near-netzero energy solutions, offering environmental, social, and shareholder benefits over the medium to long
term.
Since its listing on the Australian Stock Exchange in May 2018, ClearVue has expanded its global footprint
through license partners, ensuring compliance with international standards across key markets. The
company has an extensive intellectual property portfolio for its key innovations and products and is guided
by a board and executive team with extensive industry experience focused on rapid commercialisation of its
products into a large and expanding global market.
To learn more please visit: www.clearvuepv.com
ABOUT DUNE MENA GENERAL TRADING L.L.C. (DUNE TRADING)
Dune Trading is a part of Alutec, the largest façade and building envelope specialist in the Middle East and
North Africa (MENA) region, and a group company under Aria Holding. Dune Trading delivers specialized
products and solutions across the construction, infrastructure, industrial, and interior design sectors. From
high-performance sealants and protective coatings to advanced IT infrastructure, Dune Trading supports
diverse industries with reliable, expertly engineered offerings tailored to enhance operational efficiency and
growth.
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ASX Announcement | 13 January 2025
To learn more, please visit:
https://www.ariaholding.com/
https://www.dunetraders.com/,
https://www.alutec.com/
and
FORWARD LOOKING STATEMENTS
Statements contained in this release, particularly those regarding possible or assumed future performance,
revenue, costs, dividends, production levels or rates, prices or potential growth of ClearVue Technologies
Limited, are, or may be forward-looking statements. Such statements relate to future events and
expectations and, as such, involve known and unknown risks and uncertainties. Actual results and
developments may differ materially from those expressed or implied by these forward-looking statements
depending on a variety of factors.
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ASX Announcement | 13 January 2025
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