| Previous Close | 0.4600 |
| Open | 0.4750 |
| Bid | 0.4400 x 0 |
| Ask | 0.4550 x 0 |
| Day's Range | 0.4200 - 0.4750 |
| 52 Week Range | 0.1200 - 0.8000 |
| Volume | 85,131 |
| Avg. Volume | 219,228 |
| Market Cap | 28.338M |
| Beta (5Y Monthly) | 3.55 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0800 |
| Earnings Date | Mar. 16, 2021 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- GlobeNewswire
Clear Blue Technologies Starts Trading in the U.S. on the OTCQB
TORONTO, April 12, 2021 (GLOBE NEWSWIRE) -- Clear Blue Technologies International Inc., (“Clear Blue”) (TSXV: CBLU, FRANKFURT: 0YA), the Smart Off-Grid™ company, today listed on the OTCQB Venture Market, making its common shares more easily available for trade in the U.S. public market under the ticker symbol CBUTF. The company’s shares will continue to trade on the TSX Venture Exchange under the ticker symbol CBLU and on the Frankfurt Exchange under the symbol 0YA. “Clear Blue’s listing on the OTCQB signifies our growth as a company,” says Miriam Tuerk, CEO and Co-founder of Clear Blue Technologies. “Since initially going public on the TSXV in 2018, we have celebrated strong traction, growth in new markets and a number of key wins, including recently being named a top performer on the TSX Venture Exchange. Today’s trade opens up our shares to a larger pool of investors in the U.S. public market for the first time and we are excited at the potential for that to further our growth as a business. As a Cleantech ESG company, Clear Blue hopes to attract strong investor interest by trading in the U.S., on the OTCQB.” The OTCQB Venture Market is one of three markets managed by OTC Markets and offers U.S. investors an exchange for transparent trading of early stage and developing companies. To be eligible to list on the OTCQB, companies must meet a minimum ($0.01) bid test and be current in their reporting. They also undergo an annual verification and management certification process. As of March 15, Clear Blue has 62,973,237 common shares outstanding, of which 40,404,218 are unrestricted shares available via the public float. U.S. investors can find current financial disclosures and Real Time Level 2 quotes from the company here: https://www.otcmarkets.com/stock/CBUTF/quote About Clear Blue Technologies InternationalClear 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) (FRANKFURT: 0YA) (OTCQB: CBUTF) 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. Investor Relations:investors@clearbluetechnologies.comhttp://www.clearbluetechnologies.com/en/investors Miriam TuerkCoFounder & CEOMiriam@clearbluetechnologies.com+1-416-433-3952 Press Contact: Becky NyeDirectorMontieth & Companybnye@montiethco.com
- GlobeNewswire
Clear Blue Technologies Delivers Green Energy for Hy-Vee
2021 New Store rollouts marks 6th year of green energy projectsTORONTO, April 09, 2021 (GLOBE NEWSWIRE) -- Clear Blue Technologies International Inc. (“Clear Blue”) (TSXV: CBLU, FRANKFURT: 0YA), the Smart Off-Grid™ company, today announces 3 new store projects with the US-based supermarket chain Hy-Vee. After 6 years, this will bring the total store count to 16 across Minnesota, Iowa and Missouri that have implemented Illumient Smart Off-Grid Lighting from Clear Blue. The most recent orders were for over $80,000 CAD and includes approximately $15,000 in a three-year, Energy-as-a-Service recurring revenue contract. Founded in 1930, Hy-Vee is an employee-owned supermarket chain of more than 240 stores located throughout the Midwestern United States in Iowa, Illinois, Kansas, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin. “We are proud to work with Hy-Vee by providing Illumient Smart off-grid streetlights to improve the safety and comfort of customers in their parking lots,” said Miriam Tuerk, Co-Founder and CEO of Clear Blue Technologies. “Not only does Illumient offer clean, reliable lighting, but the off-grid technology doesn’t require connecting to costly grid infrastructure and provides enhanced security by providing resilient off-grid lighting even when grid power grid is out.” Hy-Vee has a long-standing commitment to environmental sustainability and has been deploying Clear Blue’s Illumient off-grid streetlights since 2015 in multiple phases to provide clean, low-cost and reliable lighting for its parking lots. The first installations were highly successful and Hy-Vee has therefore continued to roll out projects across other stores, in multiple states. John Brehm, Director, Site Planning at Hy-Vee stated: “As one of the top 25 supermarket chains in the country, we recognize that being a good steward of the environment is more than simply recycling pop cans. We are uniquely positioned to lead the way in terms of sustainability and we’re focused on being proactive in this area, not because a government regulation instructs us to do so, but because it’s the right thing to do.” By the end of 2021, parking lots at 16 of Hy-Vee’s stores will have Clear Blue Smart Off-Grid Illumient lighting, and the supermarket chain has implemented a variety of options to suit the needs of its consumers, from basic solar-powered streetlights, to solar-wind hybrid lights and income generating advertising lights. These banners are used to highlight the electric vehicle charging system next to it, further showcasing Hy-Vee’s commitment to sustainability and recognition of the growing trend towards clean technology. Adds Tuerk, “It is great to work with a customer who recognizes the value of Smart Off-Grid lighting and one who is committed to environmental sustainability. We hope that other supermarket chains will see Hy-Vee’s actions as an easy step that they too can take towards reducing their environmental impact. With Smart Off-Grid Illumient lighting, stores can also better ensure safety and comfort for their customers with bright, reliable off-grid lighting. We look forward to a long partnership with Hy-Vee.” About Hy-Vee Hy-Vee is an employee-owned chain of more than 240 supermarkets located throughout the Midwestern United States in Iowa, Illinois, Kansas, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin. Many of the stores now have an Illumient solar and wind-powered advertising light in the parking lot. The advertising banner on the pole highlights the electric vehicle charging system next to it. 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 | FRANKFURT: 0YA) 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. Investor Relations: investors@clearbluetechnologies.com http://www.clearbluetechnologies.com/en/investors Miriam Tuerk CoFounder & CEO Miriam@clearbluetechnologies.com+1-416-433-3952 Press Contact Becky Nye Director Montieth & Company 12 E 49th St., New York, NY 10017 bnye@montiethco.com
- GlobeNewswire
Clear Blue Technologies Announces 2020 Financial Results
Q4 Revenue of $2,504,446, Gross Margin of 27%, EBITDA of $(1,167,232) TORONTO, March 16, 2021 (GLOBE NEWSWIRE) -- Clear Blue Technologies International Inc. (“Clear Blue”) (TSXV: CBLU) (FRANKFURT: OYA), the Smart Off-Grid™ company, today announces its financial results for the year ended December 31, 2020, with the following highlights: Key Financial Results (all figures in Canadian dollars) Record quarterly revenues of $2,504,446, a 5% increase over $2,392,839 for Q4 2019;TFQ Revenue was $4,023,811, a 1% increase over the previous TFQ period;Beginning Q2, 2020, the Company began reporting Bookings (see more info below). For the period ending December 31, 2020, the Bookings were $4,158,916;Gross profit for TFQ was $1,266,999 or 31.5%, a 42% increase from the previous period ($891,163 or 22.4%). This was largely the result of two factors: cost reductions through supply chain and contract manufacturing; and more importantly, new smart off-grid functionalities developed and implemented by the Company which resulted in the elimination of complex and costly system components;Operating expenses for the TFQ ended December 31, 2020 were $4,629,224, a decrease of $1,051,437 or 19% compared to the same period in 2019;Non-IFRS Adjusted EBITDA for the TFQ was $(3,590,506) as compared to $(4,157,728) for the previous TFQ—a 13.6% improvement resulting from improving gross margins, various cost reduction plans undertaken by the Company as well as government Covid-19 funding support. Outlook While Covid-19 clearly impacted Clear Blue’s 2020 results, certain key results indicate positive positions for growth in 2021: Clear Blue’s gross margin in 2020 grew significantly from 22.4% in 2019 to 31.5% in 2020;Clear Blue’s backlog going into 2021 was $975,664;Recurring revenue growth is strong, led by the Energy-as-a-Service (EaaS) offering for Illumient in North America. In 2021, Clear Blue will extend its EaaS offering to its international telecom vertical, further accelerating the growth in recurring revenue;Clear Blue’s investment in the telecom vertical and Africa is showing success, with many 2020 large rollout agreements moving forward including a project with forecasted sales of $5 million and over 400 sites, for a major infrastructure operator in Africa. With some of this order shipping in Q4, the remainder is forecasted to generate $3M in revenue in Q1 2021 compared to total revenue of $238,298 in Q1 2020, an 1100% increase in Q1 YoY;Additionally, the large $1.45M order Nano-grid Power Packs for Orange S.A. in Cameroon, in partnership with NuRAN was announced in Q4 of 2020. NuRAN and Clear Blue will provide Rural Telecommunications systems and ongoing operational services in Cameroon to Orange S.A., one of the world’s largest mobile network operators. To support these exciting new initiatives, Clear Blue also opened an office in Nairobi, Kenya in 2020 and hired additional local talent in sales and technical support. The office is providing field Research & Development (R&D), sales and a second operations service team to support Clear Blue’s recurring Illumience and EaaS management service for full customer support, troubleshooting and technical support for systems across EMEA, in their local time zones. Projects for Illumient solar street lights are seeing recurring projects, market expansion across North America and opportunities in new industries and applications. “In spite of Covid-19 impacts earlier in 2020, major projects are now moving forward and Clear Blue has had its best year, so far,” said Miriam Tuerk, Co-Founder & CEO. “The Company continues to innovate to improve products and services for our customers, resulting in regular large project contracts and follow-on business across world. The successes of 2020 have driven growth in our team, process efficiencies and the ability to meet the needs of customers on an even larger scale. Our team has worked very hard to ensure that our sophisticated technology makes it simple for customers. This along with our push for even lower CAPEX and OPEX for projects has resulted in great successes in 2020 and will continue to serve us into 2021. I am thrilled and honoured to represent Clear Blue’s co-founders, management and entire team to the market.” While there continues to be significant uncertainty over the forward outlook, particularly in supply chain and shipping, as with the world economy and budgets in general, Clear Blue continues to see strong and strategic interest in its offerings in both of its key markets—North American streetlights as well as telecom in emerging markets. Telecom, connectivity, and cleantech are key growth sectors in the world’s economy and Clear Blue continues to be positioned as a key and strategic leader in innovating technologies that make it possible to reliably and cost effectively provide clean off-grid energy to mission critical customers around the world. Conference Call The Company will host a conference call to discuss its latest financial results at 11:00 AM Eastern Time (Canada/U.S.) on Tuesday, March 16, 2021. Those interested can register at: https://zoom.us/webinar/register/WN_SeZVLxghQfGlhKhcfLgpjg Media Contact:Becky NyeDirectorMontieth & Company155 E 44th St., New York, NY 10017bnye@montiethco.com+1 646.864.3517 Investor Relations:Miriam TuerkCo-Founder and CEO+1 416 433 3952investors@clearbluetechnologies.comhttp://www.clearbluetechnologies.com/en/investors 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) (FRANKFURT: OYA) 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. Forward-Looking Statement 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 are not representative of historical facts or information or current condition, but instead represent only Clear Blue’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Clear Blue's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information contained herein may include, but is not limited to, information concerning financial results and future upcoming contracts. By identifying such information and statements in this manner, Clear Blue is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Clear Blue to be materially different from those expressed or implied by such information and statements. An investment in securities of Clear Blue is speculative and subject to several risks including, without limitation, the risks discussed under the heading "Risk Factors" in Clear Blue's listing application dated July 12, 2018. Although Clear Blue has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. In connection with the forward-looking information and forward-looking statements contained in this press release, Clear Blue has made certain assumptions. Although Clear Blue believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in 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 attributable to Clear Blue or persons acting on its behalf is expressly qualified in its entirety by this notice.
