Clear Blue Technologies - CEO, Miriam Tuerk.
CEO, Miriam Tuerk.
Source: Clear Blue Technologies.
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  • Clear Blue Technologies (CBLU) receives $5 million grant funding from SDTC
  • The company is part of a cohort of six innovative Canadian companies selected to receive a cumulative $18.7 million in funding
  • Pico-Grid, a product from the company announced earlier this year, is anticipated to start shipping in early 2023
  • Pico-Grid is a complete, smart off-grid power system that includes solar, batteries and smart controls that are fully managed remotely from Clear Blue’s operations centre
  • SDTC will release these funds to Clear Blue in equal installments over the next three years
  • Clear Blue Technologies International (CBLU) is trading at C$0.095 at 4:15 pm ET

Clear Blue Technologies International (CBLU) is part of a cohort of six innovative Canadian companies selected to receive a cumulative $18.7 million in funding.

This follows a process that started at the beginning of the year.

Sustainable Development Technology Canada (SDTC) will release these funds to Clear Blue in equal installments over the next three years.

This funding will allow Clear Blue to launch its recently announced Pico-Grid product line and accelerate the company’s market leadership in smart analytics through machine learning and artificial intelligence technologies.

Pico-Grid, announced earlier this year, is anticipated to start shipping in early 2023.

Pico-Grid is a complete, smart off-grid power system with solar, batteries and smart controls that are fully managed remotely from Clear Blue’s operations centre.

The product is remote management and control technology that allows Clear Blue to provide smaller, more cost-effective power systems.

“This non-dilutive, non-interest-bearing funding grant from SDTC will drive Clear Blue’s research and development activities, especially as we incorporate our next level of smart analytics and machine learning features into our product suite,” said Miriam Tuerk, co-founder and CEO of Clear Blue Technologies.

“As many companies return to SDTC as they grow and scale, we are optimistic that this funding marks the beginning of a relationship, which could support our future growth projects,” added Tuerk.

This grant provided by the STDC will help Clear Blue accelerate its AI Machine Learning roadmap for this technology.

Leah Lawrence, President and CEO of SDTC, had this to say about the company and the funding, “SDTC is proud to support innovative companies like Clear Blue Technologies on their journey towards commercializing their sustainable solution that global markets want and need.”

As it stands today, Clear Blue has thousands of systems under management across 37 countries, including the U.S. and Canada.

Clear Blue Technologies International (CBLU) is trading at C$0.095 at 4:15 pm EST.


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