Clearvue Technologies Limited
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Why has ClearVue Technologies received a significant R&D tax credit?
In an announcement made by smart building materials company ClearVue Technologies Limited, it has been revealed that the company has received a substantial R&D tax credit of $935k from the Australian Taxation Office. This credit is related to ClearVue's participation in the Australian Government Research & Development Tax Incentive.
ClearVue's Research and Development Efforts
ClearVue has been actively engaged in various research and development activities over the past year, which have contributed to the company's eligibility for the R&D tax credit. These activities include the development and production of its Generation 2 ClearVuePV pilot IGUs (Insulated Glass Units), along with the creation of key components such as solar strips and connector blocks.
The company has also been involved in new materials development and testing for its proprietary PVB (Polyvinyl Butyral) interlayer. Additionally, ClearVue has been collaborating with research partner D2 Solar in the US on a research program. Moreover, ClearVue has been conducting greenhouse research work at Murdoch University in Western Australia, among other R&D initiatives.
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Future-Proofing ClearVue's Solutions
Martin Deil, the Global CEO of ClearVue, emphasized the company's commitment to advancing their core solutions, namely ClearVuePV Solar Glazing and ClearVuePV Smart Façade. ClearVue aims to future-proof their products by investing in research on emerging technologies, enhancing their existing offerings, and actively seeking growth opportunities.
Deil expressed his satisfaction with the R&D tax credit, acknowledging that it will further support ClearVue's ongoing R&D efforts. The credit not only acknowledges the company's commitment to innovation but also provides the necessary financial resources to continue advancing their smart building materials.
Conclusion
ClearVue Technologies' receipt of a significant R&D tax credit highlights the company's dedication to research and development in the field of smart building materials. By actively engaging in various R&D activities, ClearVue aims to enhance their core solutions and stay ahead of emerging technologies. This tax credit not only recognizes ClearVue's efforts but also provides financial support to further propel their research initiatives. As ClearVue continues to innovate in the market, stakeholders and investors can look forward to the company's future advancements in the field of smart building materials.
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