Clear Blue Technologies Launches New Illumient Smart Off-Grid Lighting Solutions to Meet Growing Customer Demand
February 16 2022 - 7:30AM
Clear Blue Technologies International Inc. (“Clear Blue” or “the
Company”) (TSXV: CBLU) announces the launch of two new Illumient
solutions to meet the growing market for cost-effective, off-grid,
intelligent lighting. The Illumient STRADA Series and the Illumient
CAMMI Series are available today, and two more solutions are
planned for customer launch in 2022. These four remotely managed,
smart off-grid lighting solutions address the needs of different
applications, customer requirements and price points. As a result,
these solutions expand the addressable market for Illumient and
Clear Blue’s remotely managed, Energy-as-a-Service (EaaS) offering.
Solar streetlights have multiple, proven advantages, including
cost-effectiveness, lower maintenance costs, reduced risk of
accidents, non-pollutive electricity, and energy cost1. Clear Blue
has sold its renewable, remotely controlled lighting solutions to
governments, municipalities, schools, and corporations across
international markets for many years. As of Q3 2021, the lighting
segment accounted for approximately 12.7% of Clear Blue’s total
Trailing Twelve Months (TTM) revenue and contributes a significant
proportion to the ongoing EaaS recurring revenue. Based upon
feedback, clients value solar streetlight investments due to both
short and long-term savings often worth several thousands of
dollars as well as carbon footprint reductions. In the United
States, solar energy street lighting installations can help reduce
operating costs of municipal corporations by almost 12%1.
Illumient systems are differentiated in the market by Clear
Blue’s Energy-as-a-Service (EaaS). With EaaS, issues can be
anticipated, detected and diagnosed over the Internet, resulting in
70% lower maintenance costs, and a longer life than traditional
solutions. Clear Blue’s expert team, along with its patented,
propriety software, manages battery charging cycles, state of
charge, and other aspects that are key to leveraging the
performance of the batteries, while also using energy and weather
forecasting to deliver maximum uptime and the highest level of
reliability and peace of mind for customers.
The STRADA Series
360iResearch estimated that the 2020 American Solar Street
Lighting Market at US$664.57 million and forecasted a 15.61%
Compound Annual Growth Rate (CAGR) to reach US$1,587.14 million by
20261. Clear Blue’s traditional Illumient Smart Off-Grid Lighting
solution, the STRADA Series, is designed to meet this market demand
with solar or hybrid-solar lighting for mission-critical
applications like roads, bridges, and highways, regardless of
climate severity. The wide adoption of solar street lighting across
the U.S. helped improve road safety1. Clear Blue’s STRADA series is
a proven solution that has seen success for Clear Blue in the
off-grid street lighting market. The CAMMI
SeriesExpertly designed with efficiency in mind, the
Illumient CAMMI Series are fully managed solar-powered lighting
systems supported by Lithium-Ion batteries for smaller-scale
applications like sidewalks and side street lighting. Clear Blue
expects the CAMMI Series to be well received by customers due to
its smaller size and efficient power management. Clear Blue
designed this system to be more widely applicable than traditional
solar/lithium-ion lighting solutions at a price point that is
appealing to customers.
Future Solutions
Clear Blue plans to launch two additional solution series later
in 2022 that provide further cost reductions and efficiencies.
These new solutions are expected to meet market demand for
clean-energy lighting alternatives for applications like pathways
and parks across North America.
“Clear Blue’s Illumient product line has always provided
customers with the most reliable, off-grid lighting solution in the
market and customizable options to meet their application’s unique
needs,” said Miriam Tuerk, CEO and Cofounder, Clear Blue. “Our new
series of solutions will give our customers further options that
better fit their location, budget, and aesthetic requirements,
while giving them the uptime and reliability of Illumient
solutions, opening new markets across North America for Illumient
and Clear Blue.”
Webinar
Clear Blue will host a public webinar to present the STRADA and
CAMMI series of solutions to partners and customers on Thursday,
February 17th at 11:00 AM. Those interested can register for the
webinar at:
https://us06web.zoom.us/webinar/register/WN_1G5MueJJSYOE7ONL7eRD1Q
or for more information on these solutions visit
www.illumient.com.
About Clear Blue Technologies International
Clear Blue Technologies International, the Smart Off-Grid
company, was founded on a vision of delivering clean, managed,
“wireless power” to meet the global need for reliable, low-cost,
solar and hybrid power for lighting, telecom, security, Internet of
Things devices, and other mission-critical systems. Today, Clear
Blue has thousands of systems under management across 37 countries,
including the U.S. and Canada. (TSXV: CBLU) (FRA: 0YA) (OTCQB:
CBUTF) www.illumient.com www.clearbluetechnologies.com
For more information,
contact:
Miriam Tuerk, Co-Founder and CEO+1 416 433
3952investors@clearbluetechnologies.comwww.clearbluetechnologies.com/en/investors
Nikhil Thadani, Sophic Capital+1 437 836
9669Nik@SophicCapital.com
Legal Disclaimer
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
- 360iResearch. (January, 2022). Solar Street Lighting Market
United States Forecast to 2026 | Cumulative Impact of COVID-19
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