- Clear Blue Technologies (CBLU) has been recognized as one of Canada’s top growing companies in The Globe and Mail’s 2022 Report on Business
- Clear Blue Technologies earned its spot with a three-year growth of 116 per cent
- Clear Blue Technologies is a leader in clean, managed, Smart, Off-Grid power
- Canada’s Top Growing Companies is an editorial that identifies the accomplishments of innovative businesses in Canada
- Clear Blue Technologies International delivers clean, managed, “wireless power” to meet the global need for reliable, low-cost, solar and hybrid power
- Clear Blue Technologies (CBLU) is down 4.76 per cent on the day, trading at C$0.10 per share at 9:45 am ET
Clear Blue Technologies (CBLU) has been recognized as one of Canada’s top growing companies in The Globe and Mail’s 2022 Report on Business.
Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. Clear Blue Technologies earned its spot with a three-year growth of 116 per cent.
Clear Blue Technologies is a leader in clean, managed, Smart Off-Grid power to meet the global need for reliable, low-cost, off-grid power for lighting, telecom, satellite Wi-Fi, and Internet of Things devices.
Recently, Clear Blue signed major partnerships with Avanti Wireless, Viasat, YahClick, and Global Communications Extension Services. An independent study with Meta showed Smart Off-Grid had 40 per cent lower costs than traditional solar off-grid systems.
Miriam Tuerk, CEO and co-founder of Clear Blue, commented on the recognition.
“Our recognition by The Globe and Mail, for the second year in a row, shows the consistent upward growth of our company, the innovation of our team and our commitment to providing cost-effective and sustainable, Smart Off-Grid power for the world. With the development of our new Pico-Grid power system for Wi-Fi and IoT to complement our Nano-Grid power system for telecom, we have expanded our market potential. Currently, we have a large, global addressable market and have identified an opportunity pipeline of $450 million across the 37 countries where we currently operate. We look to expand beyond this with new opportunities in the satellite Wi-Fi market. As we indicated in our Q2 2022 MD&A, the wireless cellphone market is currently the Company’s largest growth opportunity, and the global market for Telecom Tower Power systems will grow from USD 3.9 billion in 2022 to USD 5.4 billion by 2027, at a 7.1 per cent CAGR from 2022 to 2027. (Researchandmarkets.com). With our current market share under 1% within this addressable market and our outstanding team, we have a long runway for revenue growth.”
Canada’s Top Growing Companies is an editorial ranking that acknowledges the boldest entrepreneurial achievement by identifying and bringing the accomplishments of innovative businesses in Canada to the forefront.
“Canada’s Top Growing Companies recognizes the tremendous ambition and innovation of entrepreneurs in Canada,” says Dawn Calleja, Editor of Report on Business magazine. “The next generation of Canadian businesses can draw inspiration from this ranking.”
“In an uncertain world, the success stories of the companies marked in this year’s Report on Business magazine’s list of Top Growing Companies are a beacon of optimism,” says Phillip Crawley, Publisher and CEO of The Globe and Mail. “The Globe and Mail congratulates them on their achievements.”
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.
Clear Blue Technologies (CBLU) is down 4.76 per cent on the day, trading at C$0.10 per share at 9:45 am ET.