Smart building materials company ClearVue Technologies Ltd.’s wholly owned subsidiary ClearVue Asia has signed a memorandum of understanding (MOU) with Seiko Architectural Wall System in Singapore.

Seiko Wall is a specialist contractor and supplier of building façades, windows and doors in Singapore with subsidiaries and related party companies operating in Malaysia and in Shanghai, China.

Seiko Wall is well positioned to supply the ClearVue insulating glass units (IGUs) and products with extensive experience in the manufacture, supply and/or installation of building facades within and outside of Singapore, according to the company.

Under the terms of the MOU, the companies will work together to formalize a manufacturing and distribution license agreement as soon as possible with the expectation that this is completed and signed within 90 days of the MOU.

The MOU sets out the fundamental terms for the license being that:

  • Seiko Wall will become the exclusive licensee to manufacture and sole licensee (other than ClearVue Asia itself) to distribute the ClearVue products and technology in the territories of Singapore and Malaysia;
  • The term of the license, once granted, will be five years (with three further five-year extensions subject to agreement compliance and meeting performance criteria);
  • License fee and royalties to be paid (in USD) based on square meters of glass IGU panels manufactured and sold that includes the ClearVue technologies (or any part of them);
  • Additionally, Seiko Wall is to purchase from ClearVue certain technology components including ClearVue’s PVB interlayer containing its proprietary nano and micro particle formulation as well as the PV solar strips required to be used in the manufacture of the ClearVue PV glazing system;
  • Seiko Wall is to supply finished products to ClearVue Technologies (or its other distributors) outside of the territories of Singapore and Malaysia on a non-exclusive OEM basis.

“We are looking forward to working with Seiko Wall to grow ClearVue’s product entry into the South East Asian region,” says ClearVue executive chairperson Victor Rosenberg. “Seiko Wall’s entry into this MOU with ClearVue Asia represents our first licensing opportunity into the South East Asian region. The MOU sets the framework for Seiko Wall to become ClearVue Asia’s exclusive licensed manufacturer and distributor of ClearVue’s innovative building integrated photovoltaic products in Singapore and Malaysia.”