ClearVue Technologies Ltd (ASX:CPV, OTCQB:CVUEF) has acquired what it describes as a “revolutionary illuminated visual communication intellectual property and assets” from Netherlands-based Lusoco B.V, intending to expand its outdoor advertisement and signage product offerings.
Lusoco has developed highly fluorescent illuminated inks with similar principles to CPV’s own building-integrated photovoltaic technology, creating signage that is off-grid, autonomous, self-powered and illuminated.
The IP acquisition includes Lusoco’s extensive library of proprietary visible and invisible fluorescent inks that can be printed onto compatible plastics, the PVB interlayer used in glazing (such as that used by ClearVue in its patented PV solar glazed windows), as well as other interlayers and materials for various applications.
High technological synergy
“There is great deal of synergy between Lusoco and ClearVue, not only in terms of the cross-pollination of technology improving upon each other’s technology and product offering, but also in terms of new business development opportunities, thereby creating more value for ClearVue customers and shareholders – which is what made this such a valuable and unique opportunity,” ClearVue acting CEO and executive director Jamie Lyford said.
“In addition to ClearVue being able to add the Lusoco ink and printing solution into its solar facades and IGUs as a new complementary product line, the opportunity and benefits of the solution to the outdoor advertising and signage markets are obvious and wide-ranging.
Pattern printed into glass using visible fluorescent inks.
Fluorescent inks come to life when edge lighting is applied.
“Public infrastructure such as bus shelters, street furniture and public artwork that use laminated glass or plastic surfaces and that need to be lit at night to be seen are all a target for a combined ClearVue and Lusoco solution.”
Pattern printed in invisible fluorescent ink in background of clear glass panel.
The same panel when lighting is applied
Self-powered, off-grid
“Low-power, high-contrast lighted surfaces and signage that are off-grid and self-powered through use of the ClearVue glazing – or using Lusoco’s own solar solution for smaller signs – are all now an option," Lyford said
“As Lusoco says in its promotional materials, it is ‘revolutionising illuminated visual communication’.
“In addition to the architecture, outdoor advertising and automotive markets that Lusoco has already entered into through collaborations, the ClearVue team is also confident that the Lusoco technology may have a place in the greenhouse vertical that ClearVue is also nurturing as a key market in its near future."
Artist’s impression of automotive application demonstrating how different coloured invisible fluorescent inks can be selectively activated using different light wavelengths.
Different messages can be overlayed and illuminated independently.
Apart from acquiring the IP, CPV has also secured the professional services of Lusoco founders Teun Wagenaar and Dr Jeroen ter Schiphorst.
“Beyond the assets and IP that we have acquired, the biggest value we see in this transaction is in securing the talents of Jeroen and Teun who we are all very much looking forward to working with to maximise this opportunity together,” Lyford added.
The material terms of the transaction include:
- Consideration: €200,000.
- Conditions precedent: None.
- Conditions subsequent: Lusoco B.V. as an entity will be wound up.
- Other: The asset purchase will be funded from ClearVue’s existing cash balances/working capital.