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ClearSign Technologies Announces Flare Order for Energy Company in California

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ClearSign Technologies (Nasdaq: CLIR) has received an engineering order for a flare from an energy company in California. The order involves initial engineering for a flare retrofit at a production facility in the San Joaquin Valley. The final product is expected to be fabricated and shipped in Q2 2025. The company notes that while flaring applications have been a minor part of their business, market interest is growing. This order comes from a returning customer, suggesting potential market expansion for ClearSign's emissions reduction technologies.

ClearSign Technologies (Nasdaq: CLIR) ha ricevuto un ordine di ingegneria per un bruciatore da un'azienda energetica in California. L'ordine prevede l'ingegneria iniziale per un retrofit del bruciatore in una struttura di produzione nella San Joaquin Valley. Si prevede che il prodotto finale venga fabbricato e spedito nel secondo trimestre del 2025. L'azienda sottolinea che, sebbene le applicazioni di flaring siano state una parte minore del loro business, l'interesse del mercato sta crescendo. Questo ordine proviene da un cliente di ritorno, suggerendo una potenziale espansione del mercato per le tecnologie di riduzione delle emissioni di ClearSign.

ClearSign Technologies (Nasdaq: CLIR) ha recibido una orden de ingeniería para una antorcha de una empresa energética en California. La orden implica la ingeniería inicial para una mejora de la antorcha en una instalación de producción en el Valle de San Joaquín. Se espera que el producto final sea fabricado y enviado en el segundo trimestre de 2025. La empresa señala que, aunque las aplicaciones de antorchas han sido una parte menor de su negocio, el interés del mercado está aumentando. Este pedido proviene de un cliente recurrente, lo que sugiere una posible expansión del mercado para las tecnologías de reducción de emisiones de ClearSign.

ClearSign Technologies (Nasdaq: CLIR)는 캘리포니아의 에너지 회사로부터 플레어에 대한 엔지니어링 주문을 받았습니다. 이 주문은 샌 호아킨 밸리의 생산 시설에서의 플레어 개조를 위한 초기 엔지니어링을 포함합니다. 최종 제품은 2025년 2분기에 제조되고 배송될 것으로 예상됩니다. 회사는 플레어링 애플리케이션이 비즈니스의 작은 부분이었지만 시장의 관심이 증가하고 있다고 밝혔습니다. 이 주문은 재구매 고객으로부터 온 것으로, ClearSign의 배출 감소 기술에 대한 시장 확장의 가능성을 시사합니다.

ClearSign Technologies (Nasdaq: CLIR) a reçu une commande d'ingénierie pour un brûleur d'une entreprise énergétique en Californie. La commande concerne l'ingénierie initiale pour le rétrofit d'un brûleur dans une installation de production dans la vallée de San Joaquin. Le produit final devrait être fabriqué et expédié au cours du deuxième trimestre 2025. L'entreprise note que, bien que les applications de brûlage aient été une partie mineure de son activité, l'intérêt du marché croît. Cette commande provient d'un client récurrent, suggérant une expansion potentielle du marché pour les technologies de réduction des émissions de ClearSign.

ClearSign Technologies (Nasdaq: CLIR) hat einen Ingenieurauftrag für eine Fackel von einem Energieunternehmen in Kalifornien erhalten. Der Auftrag umfasst die erste Ingenieurleistung für eine Nachrüstung der Fackel in einer Produktionsstätte im San Joaquin Valley. Das Endprodukt soll im zweiten Quartal 2025 gefertigt und versendet werden. Das Unternehmen weist darauf hin, dass Fackel-Anwendungen einen geringeren Teil ihres Geschäfts ausgemacht haben, das Marktinteresse jedoch wächst. Dieser Auftrag stammt von einem wiederkehrenden Kunden, was auf eine potenzielle Markterweiterung für ClearSigns Technologien zur Emissionsreduzierung hindeutet.

Positive
  • Secured new engineering order for flare retrofit in California
  • Repeat business from existing customer indicates product satisfaction
  • Expanding into growing market segment for flaring solutions
Negative
  • Flaring products currently represent minor portion of business revenue

Insights

This engineering order for a flare retrofit represents a modest but strategic development for ClearSign Technologies. The repeat business from an existing customer in California's San Joaquin Valley energy sector demonstrates market validation of their emissions reduction technology. While the immediate financial impact appears , the order's significance lies in its potential to establish a foothold in the growing flare technology market segment. The timing aligns with increasing regulatory pressure on emissions in California, potentially creating a larger market opportunity. However, with revenue recognition not expected until Q2 2025, the near-term financial impact on this $41.2M market cap company remains minimal. The development suggests a gradual expansion of ClearSign's product portfolio rather than a transformative breakthrough.

TULSA, Okla., Oct. 29, 2024 /PRNewswire/ -- ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial combustion and sensing technologies that support decarbonization, improve operational and energy efficiency, enable the use of hydrogen as a fuel and enhance safety while dramatically reducing emissions, announces that it has received an engineering order for a flare from an energy company for use in California. 

"The application of ClearSign Core technology to flaring products has been a minor portion of our business to date, but it is an area that is receiving increasing attention in the markets we support. Our flares are another innovative solution that we can offer our clients to advance their clear air goals," said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. "This order is encouraging not only because it is from a prior customer that came back to us to solve a particular need, but also because we believe it is an indication of a developing opportunity for ClearSign and our leading emissions reduction technologies." 

This order is for the initial engineering for a flare retrofit to be installed at a production facility. The final product is expected to be fabricated and shipped in the second quarter of 2025 to be installed at the customer's site in the San Joaquin Valley of California.    

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.

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, which could cause actual results to materially differ from such statements. Such risks, uncertainties and other factors include, but are not limited to: the performance of the Company's burners, including related fuel and electricity savings and its ability to lower NOx emissions; the Company's ability to successfully deliver, install, and meet the performance obligations of the Company's burners, including  process burners, and flare products in the markets the Company sell products in; Company's ability to timely ship its burners; the Company's ability to successfully fabricate and ship its flare products timely; the Company's ability to generate additional engineering or purchase orders for flaring products through the application of ClearSign Core's technology; the Company's ability to further expand into other geographic markets; the Company's ability to expand its footprint in the power generation and distribution market; the Company's ability to further expand the sale of ultra-low NOx process and boiler burners; the Company's ability to successfully perform engineering orders and performance optimization processes included therein; general business and economic conditions; the performance of management and the Company's employees; the Company's ability to obtain financing, when needed; the Company's ability to compete with competitors; whether the Company's technology will be accepted and adopted and other factors identified in the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission and available at www.sec.gov and other factors that are detailed in the Company's periodic and current reports 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 become aware.

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SOURCE ClearSign Technologies Corporation

FAQ

What is the latest order received by ClearSign Technologies (CLIR)?

ClearSign Technologies received an engineering order for a flare retrofit from an energy company in California, to be installed at a production facility in the San Joaquin Valley.

When will ClearSign Technologies (CLIR) deliver the flare retrofit order for California?

The final product is expected to be fabricated and shipped in the second quarter of 2025.

Where will ClearSign Technologies (CLIR) install the new flare retrofit?

The flare retrofit will be installed at a production facility in the San Joaquin Valley of California.

ClearSign Technologies Corporation

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