ClearVue locks in binding A$600,000 Canva HQ subcontract
ClearVue Technologies Limited (ASX: CPV | OTCQX: CVUEF) has executed a formal, binding subcontract with Infinity Constructions Group Pty Ltd for the Canva headquarters development in Surry Hills, Sydney. The agreement covers the supply and installation of approximately 660m² of building-integrated photovoltaic (BIPV) products.
The executed subcontract formalises the Letter of Intent announced by the smart building materials company on 28 May 2026, converting it into a binding commercial contract with defined terms for delivery.
The contract value is expected to be approximately A$600,000, with project delivery anticipated within approximately 180 days of commencement. For investors, the shift from a non-binding LOI to an executed agreement removes the execution uncertainty previously attached to the arrangement, placing the disclosed contract value on a contractual footing.
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What ClearVue is delivering at Canva HQ
ClearVue will supply and install a mix of integrated solar products engineered specifically to meet the project’s architectural and technical requirements. The scope spans three product types, each customised for the development.
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Custom Solar Balustrades incorporating ClearVue’s latest Thermal Management Junction Box, designed with concealed wiring and a waterproof framing system suitable for landscaped environments.
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Trafficable Solar Skylights featuring advanced solar control coatings to reduce heat transmission and glare while maintaining a comfortable internal environment.
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A rooftop solar array integrated within the building’s planter box system, together with a bespoke cable management solution designed to meet the project’s waterproofing requirements.
Energy generation and NABERS contribution
Based on the current project design, the installed systems are expected to provide approximately 75kW of installed generation capacity and generate around 88,000kWh of electricity annually. This integrated energy generation is expected to contribute to the building’s targeted NABERS Energy rating, a national scheme that measures the energy efficiency of Australian buildings.
The specification underscores ClearVue’s ability to meet the technical and architectural demands of a major commercial development.
ClearVue’s Solar Balustrade and Solar Skylight products supplied to the Canva project sit within a range that holds Grade A safety certification under AS/NZS 2208:2023, the highest architectural glazing classification in Australia and New Zealand, which is directly referenced in the National Construction Code as a mandatory compliance requirement for building approval.
Doug Hunt, Chief Executive Officer & Managing Director
“Execution of this subcontract marks the transition of the Canva headquarters project from the previously announced Letter of Intent to a binding commercial agreement. The project demonstrates ClearVue’s ability to deliver customised building-integrated photovoltaic solutions that meet the architectural and technical requirements of major commercial developments. We look forward to working with Infinity Constructions Group to successfully deliver the project.”
Understanding building-integrated photovoltaics (BIPV)
Building-integrated photovoltaics refers to solar technology built directly into a building’s surfaces, such as glass, façade, balustrades, skylights and rooftops, rather than added as separate panels. The generating components form part of the structure itself.
ClearVue’s advanced, patented glass technology is designed to preserve glass transparency and maintain building aesthetics while generating energy. This allows a building’s exterior to double as a renewable energy source without compromising its architectural appearance.
Why does this matter to investors? Demand for net-zero and energy-efficient commercial buildings continues to grow, positioning ClearVue’s products within a structural sustainability trend. Each delivered project, such as the Canva HQ development, serves as a reference case that may support engagement with future commercial developments.
Contract terms and delivery roadmap
The subcontract sets out the commercial payment structure and delivery timeline. The headline terms are summarised below.
| Term | Detail |
|---|---|
| Counterparty | Infinity Constructions Group Pty Ltd |
| Total contract value | ~A$600,000 |
| Scope | ~660m² BIPV supply & installation |
| Delivery timeline | ~180 days from commencement |
Payment is staged against defined milestones, as set out in the agreement’s Commercial Conditions:
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Deposit: 10% — payable upon formation of the Contract.
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Drawing Acceptance: 40% — payable upon the customer’s written acceptance of the final Shop Drawings and engineering drawings.
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Shipment: 40% — payable prior to or upon shipment of the Goods.
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Delivery & Inspection: 10% — payable following delivery and the customer’s written acceptance of the Goods post-inspection.
The milestone-based structure gives investors clearer visibility over the timing of revenue recognition across the delivery period.
The Canva HQ scope builds on a commercial pattern already established with the Cyprus BIPV retrofit contract at the Rio Business Centre in Paphos, where ClearVue supplied solar glazing across more than 800m² under a similarly structured four-tranche milestone payment framework.
What this means for ClearVue investors
The binding subcontract places near-term revenue on a contractual footing and validates the commercial application of ClearVue’s BIPV technology on a high-profile Sydney development. It also strengthens the company’s reference portfolio within the commercial construction sector.
The approximately 180-day delivery window from commencement is the near-term timeline for investors to monitor, alongside the staged payment milestones that will track progress through the project.
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