Clear Blue Technologies Company Research Report

Company Overview

• Name: Clear Blue Technologies

• Mission: Delivering clean, managed, wireless power to meet the global need for reliable, low-cost off-grid energy for mission-critical infrastructure.

• Founded: 2011

• Founders: John Tuerk, Miriam Tuerk, Mark Windrim

• Key People:

• Miriam Tuerk - CEO

• John Tuerk - CPO

• Mark Windrim - CTO

• Farrukh Anwar - CFO

• Paul Desjardins - SVP of Sales

• Jason Woerner - SVP of Power Services and Products

• Kurt Unger - VP of Application Engineering

• Headquarters: 30 Lesmill Road, Unit 7, Toronto, ON, Canada M3B 2T6

• Number of Employees: No information is available

• Revenue: $8.15M in 2021, Fiscal 2023 financials disclosed Q4 revenue of $2.1M

• Known For: Smart Off-Grid technology for telecom, streetlighting, smart city, and IoT applications.

Products

Esite-Micro

• High-Level Description: Hybrid smart power solution for large telecom systems.

• Key Features:

• 24V and 48V solutions for solar-only and solar-hybrid sites.

• Maximum uptime and cost-efficiency through Smart Off-Grid tech.

• Remote management via Illumience cloud platform.

• Easy installation and low maintenance via remote support.

Nano-Grid

• High-Level Description: Smart Off-Grid power solution serving up to 3KW for telecom infrastructure.

• Key Features:

• Modular and upgradable design.

• Cloud management with energy forecasting.

• Remote monitoring and troubleshooting.

• Efficient operation with reduced ongoing costs.

Illumient Solar Street Lights

• High-Level Description: Smart Off-Grid lighting for diverse environments.

• Key Features:

• Solar and wind-powered for highways, parks, and more.

• Cloud control for reliability and performance.

• 80% maintenance cost reduction.

Energy-as-a-Service (EaaS)

• High-Level Description: Subscription service for clean, wireless power management.

• Key Features:

• Advanced energy forecasting.

• Proactive maintenance.

• Component and battery replacement coverage.

Recent Developments

• New Product Launches:

• Announced Esite-Micro SA, a compact version for existing telecom sites requiring reliability improvements.

• Partnerships:

• Collaboration with Avanti Communications to provide rural and remote connectivity in Sub-Saharan Africa.

• Financial Updates:

• Recently closed Convertible Debenture Financing raising $2.2M in September 2024.

• Corporate Performance:

• Recognized as a top performer on the TSX Venture Exchange.

• Increased market presence with expansions in Nigeria and partnerships across Africa.

• Strategic Initiatives:

• “Road to Zero Diesel” program targeting reduction of diesel use in telecom power systems.

Summary

Clear Blue Technologies is a pioneering company in Smart Off-Grid power solutions, offering robust and cost-effective energy solutions tailored for telecommunications, street lighting, and IoT deployments globally. With a strategic focus on cloud-based management and energy efficiency, Clear Blue leverages its partnerships and innovative technology to expand its reach in diverse markets, particularly within Africa and North America. The company continues to enhance its offerings through product innovations and strategic financial initiatives.