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Clear Blue Technologies Receives $5 Million Grant from Canadian Business Journal SDTC

TORONTO, Sept. 27, 2022 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. (“Clear Blue” and the “Company”) (TSXV: CBLU), a Smart Off-Grid Company™, Announces $5 Million from Sustainable announced a grant. Development Technologies Canada (“SDTC”). Clear Blue Technologies is part of a cohort of six innovative Canadian companies selected to receive a cumulative total of $18.7 million in funding today, following a process that began in early 2022. for the next three years. The funding will allow Clear Blue to launch its recently announced Pico-Grid product line and accelerate the company’s market leadership in smart analytics using machine learning and artificial intelligence technologies. Announced in early 2022, Pico-Grid is expected to start shipping in early 2023.

Clear Founder and CEO of Blue Technologies. “We will also allocate a portion of the funds to the launch of our Smart Pico-Grid product, a revolutionary design for mission-critical Wi-Fi satellite and IoT applications. We would like to thank you for choosing us for this generous funding to help us analyze your business extensively and bring your innovative products to market. As we return to SDTC as we expand, we are optimistic that this funding will mark the beginning of our relationship and support future growth projects.”

“Companies have ideas that can help solve some of the planet’s most pressing environmental problems, but they can’t do it alone. is proud to support their efforts to commercialize sustainable solutions that the global market wants and needs.”
– Leah Lawrence, President and CEO, SDTC

Pico-Grid is a complete smart off-grid power system including solar, battery and smart controls, fully managed remotely from Clear Blue’s operations center. Integral to all Clear Blue products is the matching of expected future energy generation to the load on site, increasing power reliability. This is done through Clear Blue’s advanced data analytics and patented energy forecasting, delivered to all customers as part of Clear Blue’s EaaS offering.

The company’s remote management and control technology enables Clear Blue to deliver smaller, more cost-effective power systems while meeting operator availability goals. A recent joint study with Meta found that Smart Off-Grid reduces the initial cost of electricity for telecom sites by 40%. The grant, provided by STDC, will help Clear Blue accelerate its AI machine learning roadmap for this technology, allowing the company to continue its market leadership and scale.

About Sustainable Development Technologies Canada (SDTC)

At SDTC, we support companies trying to do extraordinary things.

From initial funding to educational support, peer learning and market integration, we invest to help small and medium-sized businesses grow into successful employers of Canadians. We work relentlessly to help companies grow and scale in an increasingly competitive marketplace.

The innovations we fund can help solve some of the world’s most pressing environmental challenges: climate change, regeneration through a circular economy, and the survival of people in their natural environments as they interact with their communities. Happiness. For more information, please visit https://www.sdtc.ca.

About Clear Blue Technologies

Clear Blue Technologies International, a Smart Off-Grid™ company, aims to meet the global need for reliable, low-cost solar and hybrid power for lighting, communications and security using clean, managed ” was founded with the vision of providing “wireless power”. , Internet of Things devices, and other mission-critical systems. Today Clear Blue manages thousands of systems in 37 countries, including the United States and Canada. (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF)

Investor Relations:
Miriam Turk
co-founder and CEO
[email protected]

Nikhil Thadani
sophic capital
[email protected]

Legal Disclaimer Statement

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains certain “forward-looking information” and/or “forward-looking statements” within the meaning of applicable securities laws. Such forward-looking information and forward-looking statements do not represent historical facts, information or current circumstances, but only represent Clear Blue’s beliefs regarding future events, plans or objectives. , many of which are inherently uncertain and out of scope by their nature. Under the control of Clear Blue. Generally, such forward-looking information or forward-looking statements may not include words such as “plans,” “expects,” “anticipates,” “anticipates,” “budgets,” “plans,” or “anticipates.” Identified by the use of forward-looking terminology. ‘, ‘estimate’, ‘predict’, ‘intend’, ‘predict’, ‘do not predict’ or ‘believe’ or variations of such words or phrases or specific actions, events or Results may include statements that “could”, “could”, “could”, “might”, or “taken”, “continue”, “occur”, or ” achieved.” Forward-looking information contained herein may include, but is not limited to, future stages of financing or the future value of this financing for the parties mentioned.

By so identifying such information and statements, Clearblue acknowledges that such information and statements are subject to known and unknown risks, uncertainties and implications for Clearblue’s actual results, activity levels, performance, or other factors that may cause performance. be materially different from what is expressed or implied by such information or statements;

An investment in Clear Blue’s securities is speculative and subject to a number of risks, including but not limited to those described under the heading “Risk Factors” in Clear Blue’s listing application dated July 12, 2018. exposed to the risk of Although Clear Blue has attempted to identify important factors, actual results could differ materially from those contained in the forward-looking information and forward-looking statements. In addition, there may be other factors that cause results to differ from those expected, estimated or intended.

Clear Blue makes certain assumptions in connection with the forward-looking information and forward-looking statements contained in this press release. Although Clear Blue believes that the assumptions and factors used in preparing the forward-looking information and statements, and the expectations contained therein, are reasonable, Clear Blue does not place undue reliance on such information and statements. and no warranty is given. Such forward-looking information and statements are certified to be accurate as actual results or future events could differ materially from those anticipated by such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release. All subsequent written and oral forward-looking information and statements made by Clear Blue or by persons acting on behalf of Clear Blue are expressly qualified in their entirety by this notice. ”

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities mentioned in this news release. Offer or sell in the United States or for the account or benefit of any person in the United States, as such securities are not and will not be registered under the United States or state securities laws; You can not. as defined in Regulation S promulgated under the U.S. securities laws, unless registered under the U.S. securities laws and applicable state securities laws or pursuant to an exemption from such registration requirements. the term “American”.

CBJ Newsmaker

Clear Blue Technologies Receives $5 Million Grant from Canadian Business Journal SDTC

Source link Clear Blue Technologies Receives $5 Million Grant from Canadian Business Journal SDTC

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