ClearVue Asia Signs Agreement with Seiko Architectural Wall Systems

ClearVue Technologies Ltd.’s wholly owned subsidiary ClearVue Asia has signed a memorandum of understanding (MOU) with Seiko Architectural Wall Systems in Singapore. This agreement will make Seiko Wall the exclusive licensee to manufacture and sole licensee (other than ClearVue Asia itself) to distribute ClearVue’s products and technology in Singapore and Malaysia.

Seiko Wall is a specialty contractor and supplier of building façades, windows and doors in Singapore with subsidiaries and related party companies operating in Malaysia and in Shanghai, China. The company will supply the ClearVue insulating glass units with extensive experience in the manufacture, supply and/or installation of building facades within and outside of Singapore, according to the company.

The term of the license will be five years, with three further five-year extensions subject to agreement compliance and meeting performance criteria.

In addition, Seiko Wall will 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.

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