ClearSign Technologies Corporation and Zeeco, Inc. Announce Launch of Co-Branded ClearSign Core Process Burner Product Line

Rhea-AI Summary

ClearSign Technologies (Nasdaq: CLIR) and Zeeco announce the launch of a co-branded process burner product line featuring ClearSign Core technology. The new burners can operate on both 100% natural gas and 100% hydrogen while maintaining sub 5 ppm NOx emissions to meet strict regulations.

The collaboration, which began in 2020, has involved Zeeco providing its Global Technology Center for research, development, testing, and manufacturing. Both companies' sales teams will now market the ZEECO®-ClearSign process burner product lines, combining ClearSign's emission control capabilities with Zeeco's global market presence, sales resources, and manufacturing capabilities.

Positive

• Launch of new co-branded process burner product line with industry leader Zeeco
• Technology capable of operating with both natural gas and hydrogen while maintaining low emissions
• Expansion of market presence through Zeeco's global sales network
• Access to Zeeco's manufacturing capabilities and infrastructure

Negative

• None.

News Market Reaction

+3.57%

1 alert

+3.57% News Effect

On the day this news was published, CLIR gained 3.57%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Companies Collaborating on Global Sales and Marketing

TULSA, Okla., Dec. 10, 2024 /PRNewswire/ -- ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign"), an emerging leader in industrial combustion and sensing technologies, announces the expansion of its collaboration with Zeeco, Inc. ("Zeeco," and together with ClearSign, the "Companies"), the world leader in advanced combustion solutions, to launch a co-branded process burner line that significantly reduces industrial process emissions. The new line of burners featuring ClearSign Core technology can fire 100% natural gas and 100% hydrogen while maintaining sub 5 ppm NOx to comply with strict emissions regulations.

"This is an exciting development in our ongoing relationship with Zeeco," said Jim Deller, Ph.D., Chief Executive Office of ClearSign. "Zeeco has been an incredible partner since we first formed our collaborative alliance in 2020."

Under the existing collaborative alliance, Zeeco has supported ClearSign by offering the use of its Global Technology Center in Broken Arrow, Oklahoma, for research and development, testing, and manufacturing purposes. Through this collaboration, ClearSign and Zeeco have validated the performance of ClearSign's unique burner technology under real-world process conditions and achieved industry acceptance.

"I believe this development in our relationship creates the structure and alignment necessary to accelerate the adoption of this technology in the global market," said Dr. Deller. "I want to extend my appreciation for the vision and the confidence placed in us by Darton Zink, Zeeco's President and Chief Executive Officer, and his team."

With this development in the collaboration, both Zeeco and ClearSign sales teams will begin marketing and selling the rebranded ZEECO^®-ClearSign process burner product lines. ClearSign's technology will add additional emission control capabilities to the Zeeco portfolio, and Zeeco will provide a significant expansion in ClearSign's market presence and reputation, sales resources, and manufacturing capabilities.

"Zeeco has always looked to develop innovative solutions for global customers that move our industry forward, and this collaboration with ClearSign is an extension of that," said Darton Zink, President and Chief Executive Officer of Zeeco. "Offering our resources, infrastructure, and manufacturing capabilities to support the development of this burner technology was a strategic decision to bring these solutions to market through Zeeco's global presence and industry expertise."

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.

About Zeeco

Founded in 1979, Zeeco has steadily become the world leader in designing and manufacturing advanced combustion and environmental solutions. Headquartered in Tulsa, Oklahoma, USA, Zeeco is a privately held business with more than 2,500 employees and 30+ global locations. The company executes 10,000+ projects each year for refining, production, petrochemical, LNG, power, pharmaceutical, biogas, and other industries. ZEECO® products and solutions include ultra-low-NOx burners, flare systems, thermal oxidizers, vapor control, rentals, aftermarket solutions, global field services, and combustion electronics. Zeeco's comprehensive offering helps customers reduce emissions, optimize processes, and maximize operating efficiency while meeting global environmental compliance requirements. Zeeco also operates the world's largest combustion research and test facility and a manufacturing facility on a 250-acre campus at its Global Technology Center in Broken Arrow, Oklahoma, USA.  Learn more at www.Zeeco.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 each of the Companies' 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 Companies control, which could cause actual results to materially differ from such statements. Such risks, uncertainties and other factors include, but are not limited to: ClearSign's ability to successfully deliver, install, and meet the performance obligations of ClearSign's products ; the Companies' ability to successfully commercialize and market the ZEECO^®-ClearSign co-branded process burners; Zeeco's ability to expand ClearSign's market presence and reputation, sales resources and manufacturing capabilities; ClearSign's ability to further expand into other geographic markets; ClearSign's ability to further expand the sale of ultra-low NOx process burners;; general business and economic conditions; the performance of ClearSign's management and ClearSign's employees; ClearSign's ability to obtain financing, when needed; ClearSign's ability to compete with competitors; whether ClearSign's technology will be accepted and adopted and other factors identified in ClearSign'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 ClearSign's periodic and current reports available for review at www.sec.gov. Furthermore, each of the Companies operate 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. Each of the Companies 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 either of the Companies hereafter become aware.

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SOURCE ClearSign Technologies Corporation

FAQ

What is the new product line announced by ClearSign Technologies (CLIR) and Zeeco?

A co-branded process burner line featuring ClearSign Core technology that can operate on 100% natural gas and 100% hydrogen while maintaining sub 5 ppm NOx emissions.

When did ClearSign Technologies (CLIR) and Zeeco begin their collaborative alliance?

The collaborative alliance between ClearSign Technologies and Zeeco began in 2020.

What are the emission capabilities of the new CLIR-Zeeco burner technology?

The burners can maintain sub 5 ppm NOx emissions while operating on either 100% natural gas or 100% hydrogen.

How will the new collaboration affect ClearSign's (CLIR) market presence?

The collaboration will significantly expand ClearSign's market presence through Zeeco's global sales network, resources, and manufacturing capabilities.