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ClearSign Technologies Corporation (Nasdaq: CLIR) is a pioneering company focused on developing and deploying industrial combustion and sensing technologies. Headquartered in Tulsa, Oklahoma, ClearSign aims to address significant challenges within the energy, oil and gas production, boiler, and processing industries. The company's innovative technologies are designed to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness.
ClearSign's core offerings include the ClearSign Core™ and ClearSign Eye™ technologies. These patented solutions are embedded within established OEM products to improve the performance of combustion systems and fuel safety systems across a broad range of markets such as upstream oil production, downstream refining, commercial and industrial boilers, chemical and petrochemical processes, and power industries.
The company has recently achieved significant milestones, including the successful start-up of multi-burner heater installations at Kern Energy, which has helped validate ClearSign's technology in compliance with California's stringent emissions standards. Additionally, ClearSign has been actively engaged in multiple projects with California Boiler, receiving letters of intent for several boiler burners, highlighting the growing adoption of their technologies.
ClearSign's financial performance has seen a positive trajectory, with the company reporting record revenues for both the fourth quarter and full year ending in December 2023. They have also secured substantial funding through public and private offerings, raising approximately $9.3 million to support their ongoing projects and future initiatives.
Looking ahead, ClearSign continues to focus on expanding its market presence, particularly in regions with stringent emissions regulations. The company is also working on the development of a 100% hydrogen burner, supported by Phase 2 grant funding, which is expected to further enhance their portfolio of environmentally friendly combustion solutions.
For more information about ClearSign Technologies Corporation and its groundbreaking technologies, please visit www.clearsign.com.
ClearSign Technologies Corporation (Nasdaq: CLIR) has announced its inclusion in the Russell Microcap Index, effective June 28, 2021. This membership is expected to enhance visibility and drive shareholder value as the company continues to commercialize its technologies across multiple product lines. The Russell indexes serve as benchmarks for approximately $10.6 trillion in assets, making this inclusion significant for ClearSign.
ClearSign Technologies Corporation (Nasdaq: CLIR) will host a quarterly conference call on June 15, 2021, at 5:00 PM ET to discuss its financial results for Q1 2021. The company plans to file its 10-Q report with the SEC shortly before the call. Additionally, shareholders can attend the virtual Annual Meeting on June 17, 2021, and submit questions during the session. ClearSign focuses on improving industrial combustion and sensing technologies, enhancing energy efficiency, safety, and reducing emissions across multiple sectors.
ClearSign Technologies Corporation (Nasdaq: CLIR) has received certification from the Chinese government for its 125hp fire tube boiler burner, enabling sales in the Chinese market. This milestone signifies a major step in ClearSign's commercialization efforts. The company plans to expand its fire tube burner line, following the same certification process for various sizes. CEO Jim Deller emphasized the significance of this achievement and the rigorous testing involved. The approval allows ClearSign to pursue collaborations and advance its commercialization strategy.
ClearSign Technologies Corporation (Nasdaq: CLIR) has provided an operational update for Q4 and the full year ending December 31, 2020. The company highlights significant advancements in deploying combustion technologies and partnerships in the USA and globally. Key developments include a multi-unit burner installation for a major energy company, certification efforts for a boiler burner in China, and agreements for ultra-low emission equipment sales in the U.S. ClearSign reported approximately $8.8 million in cash and equivalents as of December 31, 2020.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced the successful installation of three burners at a California storage terminal, marking a significant step in expanding its presence in the energy infrastructure sector. Installed by channel affiliate, California Boiler, this project enhances ClearSign's credibility and market acceptance for its ClearSign Core technology, which offers a cost-effective alternative to traditional SCR systems. The CEO, Jim Deller, emphasized the importance of this installation in gaining industry confidence.
ClearSign Technologies Corporation (Nasdaq: CLIR) has completed the government performance testing for its 2-ton fire tube boiler burner, necessary for entry into the Chinese market. The results and documentation for certification have been submitted, with a response expected by the end of Q2. They also signed a non-binding CFA with Jiangsu Shuang Liang Boiler Co. Ltd to provide high-efficiency burners. ClearSign aims to enhance its strategic relationship with Shuang Liang, a leading boiler manufacturer in China, to market integrated systems.
ClearSign Technologies Corporation (Nasdaq: CLIR) will announce its financial and operational results for Q4 2020 on March 23, 2021, at 5:00 PM ET, followed by a conference call. The annual report on Form 10-K will be filed with the SEC thereafter. ClearSign focuses on enhancing industrial combustion and sensing technologies to improve energy efficiency, safety, and reduce emissions across various sectors, including energy, chemicals, and power. Investors can access the conference call via phone or online.
ClearSign Technologies Corporation (Nasdaq: CLIR) has appointed Judith Schrecker to its Board of Directors, bringing over 40 years of financial leadership experience. Previously, she served as VP of Finance at ATI Metals Inc, managing revenues exceeding $1B. Schrecker has a notable track record at Alcoa, where she led Global Rolled Products to historic profitability. CEO Jim Deller welcomed her, citing her strategic focus and successful leadership. This addition is expected to enhance the company's governance and operational perspectives as it advances in combustion and sensing technologies.
ClearSign Technologies Corporation (Nasdaq: CLIR) has partnered with California Boiler to sell and install ultra-low NOx combustion equipment in the U.S. market. This collaboration aims to address stringent NOx emission regulations, particularly in California. ClearSign will provide technology and product design, while California Boiler will handle sales and installation. Both companies expect this partnership to enhance their business and provide effective solutions for emissions reduction.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced a purchase order from a major global refining company for its ClearSign Core™ process burner, marking its first installation in Europe. This order represents a significant advancement for ClearSign, as it is the second supermajor customer engaging their technology, specifically designed to reduce NOx emissions. The project will showcase the burner’s capabilities and aims to assist the customer's global emissions reduction strategies.
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