ClearVue enters Indian Market with Aria Holding
Released
Released
Announcement PDF
ASX Announcement
26th
May 2026
1
ASX Release | 26 May 2026
ASX RELEASE ǀ CLEARVUE TECHNOLOGIES LIMITED
(ASX:CPV | OTC:CVUEF)
ClearVue enters Indian Market with Aria Holding
ClearVue deepens relationship with Qatar-based Aria Holding by signing an agreement for
India after Aria’s US$240M investment commitment in Indian Glass Manufacturing.
HIGHLIGHTS
• ClearVue signs a Manufacturing and Distribution Agreement with Aria Glass
Industries Private Limited, a subsidiary of Aria Holding, to manufacture and
distribute ClearVue BIPV products in India.
• The Agreement furthers the partnership with Alutec announced on 1 August
2024, a portfolio company of Aria Holding, establishing dedicated Indian
manufacturing capability through Aria's local operations.
• Aria Holding has committed US$240.5M for a new float glass plant in
Maharashtra, India. This investment underpins the scale of the group's Indian
manufacturing ambitions.
• India’s construction sector was valued at over US$1 Trillion in 20251
and is one
of the world’s fastest-growing markets, with government renewable energy
targets driving significant demand for BIPV solutions.
26th
May 2026: Smart building materials company ClearVue Technologies Limited
(ASX:CPV) (ClearVue or the Company) is pleased to announce the execution of a
Manufacturing and Distribution Agreement ("Agreement") with Aria Glass Industries
Private Limited ("Aria"), a subsidiary of Aria Holding, building on its partnership with
Aluminium Technology Auxiliary Industries WLL ("Alutec"), an Aria Holding portfolio
company, for the manufacture and distribution of ClearVue's proprietary building-
integrated photovoltaic ("BIPV") products in India.
RELATIONSHIP WITH ALUTEC AND ARIA HOLDING
The Agreement builds on the strategic partnership with Alutec announced on 1 August
2024, under which Alutec became ClearVue's licensed manufacturer and distributor
for the Middle East and North Africa (“MENA”) region and India. Alutec, headquartered
in Qatar, is one of the largest facade engineering, manufacturing and contracting
companies from the region, executing projects globally. It is part of the diversified
1
https://www.globenewswire.com/news-release/2026/02/03/3231303/28124/en/india-construction-
industry-report-2025-output-to-expand-in-real-terms-by-8-1-in-2025-and-6-4-in-2026-driven-by-investments-
in-infrastructure-and-energy-projects-forecast-to-2029.html
2
ASX Release |26 May 2026
portfolio of companies under Aria Holding, a dynamic, multi-industry global
conglomerate with investments in manufacturing, engineering, technology, business
services, and trading.
This new Agreement establishes a dedicated Indian manufacturing and distribution
operation through Aria Glass Industries, Aria Holding's Indian subsidiary. It enables
localised production to serve both the domestic market and international opportunities.
AGREEMENT OVERVIEW
Under the Agreement, Aria is granted the right to manufacture ClearVue's solar glazing
and BIPV products in India and to distribute them domestically and internationally on
a non-exclusive basis. The Agreement has an initial term of three years with options to
extend.
ClearVue retains full ownership of all intellectual property rights in its technology,
products, and specifications. Aria is required to exclusively source ClearVue's
proprietary components for use in manufacturing and ensuring product quality.
The key terms of the Agreement are set out at Appendix A to this announcement.
ARIA HOLDING'S US$240.5M INVESTMENT COMMITMENT IN INDIA
The depth of Aria Holding's commitment to India goes well beyond this Agreement. In
January 2024, Aria Holding signed an MOU with the Government of Maharashtra to
invest US$240.5M in a new float glass plant in the state as well as engineering and
manufacturing facilities aligned with its strategy to establish specialised local
capabilities to serve the Indian markets
ClearVue's technology will be manufactured and distributed through Aria’s
infrastructure, giving the Company commercial footing in the Indian market.
The design features of Clearvue products that allow manufacture on industry standard
production lines and the product’s engineering features, for example, the thermal
management junction box, are particularly suited to ensure long-term reliability in the
hot and humid climatic conditions in many parts of India.
STRATEGIC RATIONALE
India represents one of the world’s largest and fastest-growing construction markets.
The government’s renewable energy targets and sustainable building policies,
combined with rapid urbanisation, are creating growing demand for BIPV solutions that
integrate into commercial and residential building facades. Local manufacturing
capability addresses cost competitiveness directly and positions ClearVue to
participate in projects where imported product would be commercially disadvantaged.
The Agreement complements the broader Alutec relationship covering MENA markets.
Together, they create a manufacturing and distribution footprint across the region,
built on the infrastructure of a group that has committed hundreds of millions of dollars
to the region.
3
ASX Release |26 May 2026
Commenting on the Company’s partnership, Managing Director and CEO, Douglas
(Doug) Hunt said:
“India is now the world’s 3rd
largest construction market and is forecast to grow at a
6.9% CAGR. This Agreement with Aria is a natural progression of our relationship with
Alutec and the wider Aria Holding group. A US$240.5M investment in float glass
manufacturing in Maharashtra is not a tentative entry into the market, it is a long-term
industrial commitment, and ClearVue’s products will be manufactured within that
infrastructure. We are delighted to have a company of this calibre both in India and
globally representing us. Aria is a key strategic partner for Clearvue and I believe the
relationship between our companies will continue to expand and strengthen in the
coming years.”
Suraj Thampi , Group CEO of Aria Holding said:
"Our investment in India reflects our confidence in the country's long-term growth
trajectory and our commitment to building genuine industrial capability within the
market. The partnership with ClearVue is a natural extension of that vision, bringing
world-class BIPV technology into the infrastructure we are establishing in Maharashtra
and across India. We see significant opportunity in India's rapidly evolving construction
and infrastructure sector, particularly as sustainability and energy efficiency become
increasingly central to new developments. The unique features of ClearVue's products
make them a strong strategic addition to our portfolio to deliver innovative, future-
read solutions to an exciting growth market”.
Subsidiaries of Aria Holding
-END-
Authorised by the Board of ClearVue Technologies Limited.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Investors
Douglas Hunt
doug.hunt@clearvuepv.com
+61 424 235 947
Media
Sarah Wilson
sarah.wilson@clearvuepv.com
+61 412 459 120
4
ASX Release |26 May 2026
ABOUT CLEARVUE TECHNOLOGIES LIMITED
ClearVue Technologies Limited (ASX: CPV; OTCX: CVUEF; FRA: CKJ) is an Australian
technology company that integrates solar technology into building façade and rooftop
surfaces to provide renewable energy generation and offset the operational carbon
footprint of buildings. The Company’s advanced, patented glass technology preserves
glass transparency maintaining building aesthetics while generating energy.
ClearVue has extended solar energy-generation to vision glass, cladding, spandrel,
balustrade, and skylight solutions. These solutions can offset operational energy
requirements significantly contributing to the net zero building.
ClearVue’s integrated solar façade is revolutionizing the way buildings are designed,
constructed, and renovated. Experience how building façades will become a major
contributing factor to reducing operational carbon by visiting ClearVue at
www.clearvuepv.com.
Shareholders are encouraged to stay informed via the Company’s Investor Hub
portal: ClearVue Investor Hub
Follow ClearVue on: Facebook | Instagram | LinkedIn | YouTube.
ABOUT ARIA GLASS INDUSTRIES PRIVATE LIMITED
Aria Glass Industries Private Limited is an Indian company and subsidiary of Aria
Holding, whose portfolio also includes Alutec WLL, the largest facade engineering
company in the Middle East and North Africa.
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.
5
ASX Release |26 May 2026
APPENDIX A – KEY TERMS OF THE AGREEMENT
Parties Licensor: ClearVue Technologies Ltd (Australia)
Licensee: Aria Glass Industries Private Limited (Licensee)
Effective Date 26 May 2026
Term 3 years (Initial Term), with options to extend for successive 2-yearr
periods subject to ongoing compliance
Manufacturing
Territory
India (exclusive)
Distribution
Territory
India (non-exclusive); worldwide on a non-exclusive basis, subject to
ClearVue's right to appoint exclusive distributors in other territories
Licence Fees No upfront licence fee
Royalties US$2.00 per square metre of any ClearVue product manufactured,
distributed, or sold, payable quarterly
Component
Supply
Aria must exclusively purchase proprietary components from ClearVue
or its authorised suppliers
Excluded
Applications
Use of the technology in conjunction with heated glass solutions
Governing Law Western Australia; disputes resolved by mediation then arbitration in
Singapore
Intellectual
Property (IP)
All improvements and developments to ClearVue IP during the term
assigned to ClearVue. ClearVue provides access to its IP, including
necessary documentation and technical know-how.
Quality Control ClearVue (or its nominee) permitted periodic inspections and audits.
Licensee must facilitate quality inspections and provide reporting.
Warranty
& Liability
Usual warranties for an agreement like this including - ClearVue
warrants IP ownership and freedom from third-party infringement
claims; Components are warranted for defined periods. Licensee
warrants capacity to manufacture and distribute, compliance with
local laws, standards, and insurance requirements.
Insurance Licensee to maintain specified insurance cover.
Termination Agreement subject to termination for material breaches, insolvency,
failure to meet performance criteria, or breaches of ethical obligations.
Share your feedback
Discover