Mr. Miriam Tuerk reports

CLEAR BLUE'S ILLUMIENT LIGHTING SELECTED FOR $300,000 ROADWAY EXPANSION PROJECT IN OREGON

Clear Blue Technologies International Inc. has received a $300,000 order for 23 Illumient smart off-grid lights for the expansion of a major roadway in Oregon, United States. The project is a follow-on order with a previous Illumient customer. The total lifetime contract value of the project is $425,000 and is expected to ship in Q3 2023. Year to date, Clear Blue's bookings are $4.6-million, of which $4-million is expected to be recognized in 2023. Recall, in Q1 2023, Clear Blue's order intake was $3.5-million (up 74 per cent from 2022), of which $3.2-million was expected to be recognized as revenue in 2023.

The customer previously purchased and successfully installed 63 Illumient smart off-grid lighting systems with Clear Blue in 2019 and has been satisfied with the operation of the systems, as well as Clear Blue's continuing service. As a result, when the roadway was expanded, the customer chose Clear Blue's Illumient solution to provide reliable lighting for the expanded section of the roadway.

The Illumient lighting systems will include three years of Clear Blue's energy-as-a-service offering, whereby Clear Blue remotely monitors and manages every Illumient lighting system to ensure optimal system performance. The recurring revenue component of this contract will contribute an additional $125,000 in revenue beyond the initial value of $300,000.

This project demonstrates the significant expansion in clean energy infrastructure that is taking place in the United States as a result of the Inflation Reduction Act. Off-grid solar is becoming the preferred option for large infrastructure projects in the United States, such as lighting for major roadways. Clear Blue is continuing to see strong order growth in the North American lighting market, which is expected to continue throughout 2023.

As Clear Blue chief executive officer Miriam Tuerk states: "We are thrilled to announce this follow-on order with one of our valued customers in the Western United States. Their satisfaction with the performance of our smart off-grid lighting systems made choosing Clear Blue's Illumient solution an easy decision for the expansion of the roadway lighting project. We look forward to doing more projects with them in the future."

About Clear Blue Technologies International Inc.

Clear Blue Technologies International 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.

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