Following our earlier Collaboration Agreement with ClearVue Technologies (CPV) in Perth, Australia, eLstar Dynamics has signed a Terms Sheet to further intensify the development of an autonomous switchable glass system that is capable of energy production and lighting control.

The earlier trial as a result of the Collaboration Agreement has proven that the both systems are compatible with each other. The Terms Sheet laid out the terms for the promotion, distribution and development of a smart window using Clearvue’s photovoltaic (PV) technology and eLstar’s dynamic glazing solution.

Each company will licence its technology and intellectual property (IP) in respect of developing and commercialising the combined products in the to-be-formed Joint Venture which is 50:50 and based in The Netherlands.