- Clear Blue Technologies International (CBLU) has announced $4 million in support through the FedDev Ontario
- This funding will help Clear Blue expand its production capacity and support the commercialization of its new Pico-Grid technology
- The interest-free financing will extend a 21-month period until March 2024
- Clear Blue Technologies is engaged in development and sales of smart off-grid power solutions and management services
- Clear Blue Technologies International Inc. opened the day’s trading at $0.14 per share
Clear Blue Technologies (CBLU) has announced $4 million in support through the Federal Economic Development Agency for Southern Ontario.
This funding will help Clear Blue expand its production capacity, support the commercialization of its new Pico-Grid technology, and enhance its sales and marketing strategies.
The interest-free financing will be drawn upon over a 21-month period until March 2024.
“This announcement for Clear Blue Technologies Inc. will support global market expansion for the commercialization of the new Pico-Grid technology, while reinforcing our shared commitment to innovative, sustainable practices that promote a globally-competitive and inclusive economy in the long term,” said the Honourable Helena Jaczek, Minister responsible for the Federal Economic Development Agency for Southern Ontario.
“These funds will enable the company to bring to market its Pico-Grid power system for Satellite Wi-Fi and IoT applications, which includes expanding our production capabilities and creating new jobs to allow us to expand into global markets,” noted Clear Blue Technologies Co-founder and CEO Miriam Tuerk.
For more than 12 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada’s most populous region.
Clear Blue Technologies International Inc is engaged in development and sales of smart off-grid power solutions and management services.
Clear Blue Technologies International Inc. opened the day’s trading at $0.14 per share.
