• eLstar Dynamics B.V. signs Collaboration Agreement with ClearVue PV Ltd. in Australia
• The Companies plan to develop a trial project that combines both the ClearVue PV technology with eLstar’s electrophoretic dynamic glazing technology
• The end-product is to be a market leading, wireless smart window that is capable of energy production and lighting control
• Subject to a successful trial the Companies are to explore a joint venture, other arrangements or combined licensing and sales opportunities
April 14, 2020:
As eLstar Dynamics, we are keeping to push the boundaries of our technology and improving this technology. As developers and owners of the most versatile switchable glazing technology, we have signed a collaboration with ClearVue Technologies Limited (ASX:CPV). This collaboration agreement sets out the terms for a collaboration for the promotion, distribution and joint development of eLstar’s switchable glazing and ClearVue’s integrated glazing unit. The result is a market leading, wireless smart window that is capable of both controlling the amount of light entering the building and generating electricity at the same time.
eLstar & ClearVue will initially develop a prototype which combines the intellectual property and technologies of both companies for the purpose of a proof-of-concept demonstration and testing.
Subject to satisfactory results in the Trial, the Companies will engage in discussions to form a joint venture or other arrangement whereby the Parties’ two products and technologies are combined into one final end-product based on the Trial prototype(s), that the Companies can bring to market and promote together.
Commenting on the Collaboration Agreement, Chief Executive Officer of eLstar Dynamics BV, Mr Anthony Slack has said:
“Combining the ClearVue PV IGU solution with eLstar Dynamics’ electrophoretic dynamic glazing solution seems a compelling opportunity. Getting power to a window, especially in a retro-fit application is not an easy task and is expensive. By combining the PV, battery and an electrophoretic dynamic glazing system together end-customers can benefit from a completely autonomous solution – windows that are at the same time highly energy-efficient, generate power, offer maximum comfort and control of lighting levels, can be automatically controlled or can integrate with smart control and IoT building control and management solutions – all without the necessity for expensive and difficult to integrate wiring needing to be connected to the windows to operate them. We are very excited to be working with ClearVue on this initial trial and then, subject to its success, look forward to working with ClearVue to explore licensing and sales opportunities together.”
Commenting on the Collaboration Agreement, Executive Chairman Victor Rosenberg of ClearVue PV Limited has said:
“The eLstar dynamic glazing technologies are at the cutting edge of the glazing industry and are a perfect fit for ClearVue’s photovoltaic glazing technologies. eLstar’s electrophoretic switching solution requires power inside the IGU or window to operate the controlsystems for switching and dimming the glass and for powering and maintaining the state change in eLstar’s electrophoretic interlayer – which we are confident that the ClearVue PV solution can provide. The first step is to complete the initial trial and then we look forward to working with eLstar to scale their product to be suitable for commercial use and sale with a view to combining this into a market leading end-product.”