Clear Blue Technologies Achieves Financial Stability, Positioning for Future Expansion

Clear Blue Technologies Completes Balance Sheet Restructuring, Strengthening Platform for Growth

April 9, 2025 - Toronto, Ontario, Canada - Clear Blue Technologies, a leading provider of solar-powered smart energy solutions, announced today that it has successfully completed a comprehensive balance sheet restructuring, positioning the company for sustained growth and long-term success.

The restructuring effort, which was initiated in the second half of 2024, aimed to optimize Clear Blue's capital structure, reduce debt, and enhance its financial flexibility. The company's leadership team worked closely with its financial advisors and lenders to develop a tailored plan that addressed the challenges facing the renewable energy sector.

"We are thrilled to have completed this significant restructuring effort, which will enable us to focus on driving growth and innovation in the years ahead," said Peter Juric, CEO of Clear Blue Technologies. "Our new financial foundation will allow us to capitalize on the growing demand for clean energy solutions, while also providing the necessary resources to invest in our people, products, and processes."

The restructuring process involved the conversion of certain debt into equity, the extension of maturities on certain debt obligations, and the refinancing of other debt facilities. The company also implemented a number of operational and financial efficiency measures to further enhance its financial performance.

As a result of the restructuring, Clear Blue Technologies has achieved a significant reduction in its debt levels, which will help to improve its financial flexibility and enable the company to invest in new initiatives and opportunities. The company's leadership team is confident that this new financial foundation will support the company's long-term growth aspirations and position it for success in the rapidly evolving renewable energy sector.

"We are proud of the progress we have made and the steps we have taken to position Clear Blue Technologies for long-term success," added Juric. "We are excited about the opportunities that lie ahead and look forward to continuing to drive innovation and growth in the years to come."