Represents 515% Increase in Revenue and Over 300% increase in Units YTD in the Province
TORONTO, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Clear Blue Technologies International Inc. (“Clear Blue”) (TSXV:CBLU), today announced it has won 12 new projects in Ontario this year for its Illumient Smart Off-Grid lighting, exceeding its 2018 projections for installations in the province. Revenue from sales in Ontario YTD are 515% higher than in all of 2017, and the number of lighting systems increased by over 300%.
To date, 18 municipalities in Ontario have installed Illumient lighting systems, for a variety of uses including roadways, downtown areas, residential streets, parks, and signage, at over 40 different locations.
“The global market for solar street lighting is projected to grow by over 23% CAGR over the next few years,” said Miriam Tuerk, CEO and co-founder of Clear Blue. “The rate of projected growth in the Americas is close, at almost 20% CAGR, and also will be driven by the explosion of Internet of Things (IoT) devices that need to be powered. As an Ontario-based company, we are pleased by the growing number of municipalities in the province who are selecting our Smart Off-Grid lights for their critical lighting and IoT infrastructure.”
With built-in communications, each Illumient solar-powered light is remotely managed, controlled and monitored over the internet, ensuring the highest reliability and low maintenance costs. In addition to lighting, these same systems can power security cameras and a wide variety of Internet of Things devices like WiFi hotspots, traffic counters, sensors, and more.
Some of the municipalities in Ontario using Clear Blue’s Illumient Smart Off-Grid lighting are:
- City of Toronto, including downtown business improvement areas (BIAs) like Koreatown, and residential streets in other parts of the city
- Town of Pickering, where Illumient lights have been installed at three parks within the town, including a dog park, enabling residents to use them in the evening and throughout the year
- City of Hamilton, where Illumient lights have been installed in multiple locations on streets, parks, pathways, and business parks. In 2016, the City of Hamilton was awarded the Canadian Outdoor Lighting Project of the Year.
- Town of Ajax, lighting Paradise Park
- Town of Welland, for sign lighting
- Town of Whitby, to power a children’s splash pad
- City of Waterloo, to add lighting at the city’s fuel station
- West 5 in the City of London, for residential lighting in this visionary, sustainable community
- Town of Milton, for bridge lighting
- Town of Innisfil, to light a county road
- Town of Oshawa, to light its information centre
Clear Blue’s Smart Off-Grid systems are installed in 8 Canadian provinces, more than 20 U.S. states, and in 34 countries around the world, powering street lights, telecom systems, security systems, Internet of Things devices, and other mission-critical systems.
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 34 countries, including the U.S. and Canada.
Media Contact:
Becky Nye
Senior Associate
Montieth & Company
12 E 49th St., New York, NY 10017
+1 646.864.3517
bnye@montiethco.com
Investor Relations:
investors@clearbluetechnologies.com
http://www.clearbluetechnologies.com/en/investors