Ms. Miriam Tuerk reports
CLEAR BLUE TECHNOLOGIES PILOTS SMART OFF-GRID POWER FOR CRITICAL AGRICULTURE APPLICATION WITH CANADIAN PROVINCIAL ELECTRIC UTILITY
Clear Blue Technologies International Inc. is piloting Smart Off-Grid power for a new agriculture application in the Prairies with a Canadian provincial electric utility. Clear Blue will provide systems that enable reliable power in remote Saskatchewan areas for the delivery of water for cattle.
"The Prairies account for the majority of Canada's cultivated farmland, making it an important agricultural region," stated Miriam Tuerk, chief executive officer and founder of Clear Blue. "However, due to the terrain and vast area it covers, power distribution and transmission lines are costly. In addition, there is now an increasing risk of forest fires from traditional power infrastructure. We previously proved our capabilities to deliver mission critical energy to this utility customer and this new agriculture application is expected to demonstrate our continued value and reliability."
Clear Blue began its partnership with the utility in 2024 through a small pilot deployment of the company's solar lighting systems. The Prairies cover a geography that is challenging for solar off-grid systems. This is due to several months of the year experiencing up to 17 hours of nighttime and extreme temperatures of up to negative 40 degrees Celsius, resulting in traditional off-grid solar system failures. The first pilot deployment of Clear Blue's Smart Off-Grid technology validated the company's systems could succeed in this challenging environment.
With this pilot, the potential addressable projects are expanding to other Internet of Things (IoT) applications. Agriculture is an important part of Canada's economy and the delivery of reliable power can ensure the health and care of livestock.
Furthermore, the company announces that the board of directors has approved the grant of 5,055,950 incentive stock options (options) and restricted share units (RSUs).
A total of 3,487,981 options were granted to directors and senior management of the corporation and shall vest quarterly pro rata over a period of three years. The options are exercisable into common shares of the company at a price of eight cents per share. Subject to the rules of the TSX Venture Exchange and the company's 2024 omnibus equity incentive compensation plan. All options will expire on Aug. 1, 2032.
A total of 718,118 RSUs were granted to directors and senior management of the corporation and shall vest in full on Aug. 1, 2026, subject to the terms of the company's 2024 omnibus equity incentive compensation plan and the policies of the TSX Venture Exchange
About Clear Blue Technologies International Inc.
Clear Blue Technologies provides Smart Off-Grid power solutions and services for mission-critical infrastructure such as telecommunications, Internet of Things (IoT) and street lighting. The company's technology enables cost savings, predictive maintenance, and reliable power in remote or challenging environments.
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