ClearSign Receives Additional "M1" Series Burner Order for Second Midstream Heater in West Texas
Rhea-AI Summary
ClearSign Technologies (Nasdaq:CLIR) announced a new order for its ClearSign Core™ M1 burner, part of its M Series process burners. The purchase, placed by Tulsa Heaters Midstream, is for a second midstream heater serving the same end customer in the Permian Basin, West Texas. Delivery is expected in the third quarter of 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- None.
Negative
- None.
News Market Reaction – CLIR
On the day this news was published, CLIR declined 0.36%, reflecting a mild negative market reaction. This price movement removed approximately $96K from the company's valuation, bringing the market cap to $26.69M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 29 | Equity offering priced | Neutral | +1.5% | Underwritten public stock offering priced at $4.33 for working capital and growth. |
| May 28 | Equity offering proposed | Neutral | +1.5% | Proposed underwritten common stock offering under effective shelf for corporate purposes. |
| May 20 | Q1 2026 update | Negative | +2.2% | Quarter showed lower revenue and wider loss despite operational and hydrogen-burner milestones. |
| May 20 | M1 burner order | Positive | +1.1% | Announced M1 burner order for West Texas gas facility, delivery expected in Q3 2026. |
| May 14 | 32-burner project phase | Positive | +17.0% | Order for next phase of 32-burner retrofit project at California refinery. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Operational burner project orders have recently seen positive price reactions, while a weak quarterly report coincided with a positive move, indicating some divergence between fundamentals and price.
Over the last few months, ClearSign reported a weak Q1 2026 with revenue near $200k and higher net loss, yet the stock rose about 2.24% on that update. Two late-May equity offering announcements around $4.33 per share also saw modest positive reactions of about 1.54%. In contrast, operational wins such as the 32-burner California refinery project and prior West Texas M1 burner order produced stronger upside moves, including a 16.97% gain, framing today’s additional burner order within a pattern of constructive responses to commercial traction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Burner Sold by Heater Manufacturer Tulsa Heaters Midstream
TULSA, OK / ACCESS Newswire / June 16, 2026 / ClearSign Technologies Corporation (Nasdaq:CLIR) ("ClearSign" or the "Company"), a leader in advanced combustion and sensing technologies that help industrial operators dramatically reduce emissions, increase efficiency and support the use of cleaner fuels including hydrogen, today announces that it has received another purchase order for a ClearSign Core™ M1 burner, one of its "M" Series process burners. The order came from heater manufacturer Tulsa Heaters Midstream ("THM") and is the second order from this customer within a month.
"We are pleased to begin seeing the strong interest in this product line translate into orders," said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. "This marks the second order from THM within a month for the same customer and it is encouraging to see another order originating from the Texas, Permian Basin market. We continue to see growing interest in this product line and look forward to announcing additional orders as this momentum builds."
The ClearSign Core™ M1 burner, sold through THM, will be installed in a new heater at a gas processing facility of a multinational energy company in West Texas. The Company expects to deliver the burner in the third quarter of 2026.
Tulsa Heaters Midstream specializes in the midstream gas processing industry and is based in Tulsa, Oklahoma.
About ClearSign Technologies Corporation
ClearSign Technologies Corporation designs and develops products and technologies for the purpose of decarbonization and improving key performance characteristics of industrial and commercial systems, including operational performance, energy efficiency, emission reduction, safety, the use of hydrogen as a fuel and overall cost-effectiveness. Our patented technologies, embedded in established OEM products as ClearSign Core™ and ClearSign Eye™ and other sensing configurations, enhance the performance of combustion systems and fuel safety systems in a broad range of markets, including the energy (upstream oil production and down-stream refining), commercial/industrial boiler, chemical, petrochemical, transport and power industries. For more information, please visit www.clearsign.com.
For further information:
Investor Relations:
Matthew Selinger
Firm IR Group for ClearSign
+1 415-572-8152
mselinger@firmirgroup.com
Cautionary Note on Forward-Looking Statements
All statements in this press release that are not based on historical fact are "forward-looking statements." You can find many (but not all) of these statements by looking for words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "would," "should," "could," "may," "will" or other similar expressions. While management has based any forward-looking statements included in this press release on its current expectations on the Company's strategy, plans, intentions, performance, or future occurrences or results, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company's control, that could cause actual results to materially differ from such statements. Such risks, uncertainties and other factors include, but are not limited to, the Company's ability to generate equipment and installation orders following an initial engineering order from customers or growing industry-interest in a product line; the Company's ability to successfully deliver, install, and meet the performance obligations of the Company's burners in the Texas market and any other markets the Company may sell products in; the Company's ability to further expand the sale of ultra-low NOx process, flare and boiler burners, as well as its "M" Series process burners; the Company's ability to, through its technologies, provide increased operational flexibility, cost reductions and uninterrupted operations to its customers; the Company's ability to improve operational resilience and competitiveness within the domestic defining and chemical production sectors; the Company's ability to continue expanding its customer base in the refining, gas processing and midstream industries; the Company's ability to provide low emission solutions based on continuously changing air permit requirements at the federal and state level; the Company's ability to continue innovating and expanding its scope of product and service applications; the Company's ability to expand its engagement with current and future customers beyond burner technology and into broader emission and system integration solutions; general business and economic conditions; the performance of management and the Company's employees; the Company's ability to obtain financing; whether the Company's technology will be accepted and adopted and other factors identified in the Company's Annual Report on Form 10-K and other periodic and current reports filed with the U.S. Securities and Exchange Commission and available for review at www.sec.gov. Furthermore, the Company operates in a competitive environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and, except as may be required by law, undertakes no obligation to, update or revise forward-looking statements to reflect events or circumstances that subsequently occur or of which the Company hereafter becomes aware.
SOURCE: ClearSign Technologies
View the original press release on ACCESS Newswire