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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) reported a strong operational update for Q3 2020. The company announced a collaboration with Zeeco for process burners, enhancing their growth prospects. ClearSign completed a public stock offering raising approximately $5.175 million and received a multi-unit order for burners from a major energy infrastructure company. Furthermore, proceeds from a purchase right exercised by clirSPV LLC contributed about $1.309 million. As of September 30, 2020, ClearSign had approximately $10.6 million in cash and equivalents, with 30,043,186 shares outstanding.
ClearSign Technologies Corporation (Nasdaq: CLIR) will release its financial results for Q3 2020 on November 19, 2020, alongside a conference call at 5:00 PM ET. The quarterly report will be filed with the SEC next week. ClearSign focuses on enhancing industrial combustion and sensing technologies aimed at improving energy efficiency and reducing emissions across multiple sectors, including energy and transportation.
ClearSign Technologies Corporation (Nasdaq: CLIR) has secured an order for three burners for a process heater at a California storage and transportation terminal. The project will be managed by R. A. Nichols Engineering, with California Boiler as the subcontractor. This order marks ClearSign's entry into the energy infrastructure sector, underscoring the demand for its ClearSign Core technology, which was chosen over traditional selective catalytic reduction equipment. CEO Jim Deller highlighted the significance of this contract for expanding sales opportunities and showcasing the technology's competitive advantages.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced the full exercise of a purchase right by clirSPV LLC, which acquired 654,425 unregistered shares at $2.00 each, generating approximately $1,309,000 in proceeds. These funds will be allocated for working capital, R&D, marketing, and general corporate purposes. This purchase right was granted as part of a capital raising initiative following a waiver of participation rights related to a previous public offering.
ClearSign Technologies Corporation (Nasdaq: CLIR) reported significant operational updates for Q2 2020, highlighting a multi-unit order from ExxonMobil and a collaboration with Zeeco to develop ultra-low NOx burners. The company raised approximately $5.18 million through a public stock offering of 2,587,500 shares at $2.00 each. Cash reserves were around $5.7 million as of June 30, 2020. The upcoming burner testing and re-engagement in China are expected to enhance their product offerings and market traction significantly.
ClearSign Technologies Corporation (Nasdaq: CLIR) has successfully closed its underwritten public offering of 2,587,500 shares of common stock at $2.00 per share, including the underwriter’s full exercise of a 337,500 shares over-allotment. The offering generated approximately $5,175,000 in gross proceeds before expenses. Proceeds will be allocated for working capital, research and development, marketing, sales, and other corporate purposes. The offering details were filed with the SEC, with National Securities Corporation acting as the book-running manager.
ClearSign Technologies Corporation (Nasdaq: CLIR) has priced an underwritten public offering of 2,250,000 shares at $2.00 per share, aiming for gross proceeds of $4,500,000. An over-allotment option for 337,500 shares could raise total proceeds to $5,175,000. The offering is set to close on or about August 24, 2020. Funds will be allocated for working capital, research and development, marketing, and general corporate purposes.
ClearSign Technologies Corporation (Nasdaq: CLIR) has entered into a collaboration with Zeeco, Inc. to develop a new line of ultra-low NOx burners for the global oil processing and petrochemical industries. This partnership aims to combine ClearSign's innovative technology with Zeeco's engineering and manufacturing capabilities. Successful completion of a burner validation test at Zeeco's facility is pending. Zeeco, with a robust history of executing over 45,000 projects globally, is a leader in advanced combustion technology.
ClearSign Technologies Corporation (Nasdaq: CLIR) will release its financial results for Q2 2020 on September 15, 2020, alongside a conference call at 5:00 PM ET. This follows the filing of its quarterly report on Form 10-Q with the SEC. The company focuses on improving operational efficiency and reducing emissions through its advanced combustion technologies. Investors can join the call via phone or listen online, with the call archived for 90 days. ClearSign's innovations aim to enhance energy efficiency and safety across various industrial sectors.
ClearSign Technologies Corporation (Nasdaq: CLIR) reported operational updates for Q1 2020, highlighting progress in its commercial development programs. CEO Jim Deller expressed optimism over increasing market traction and orders from collaboration partners. Key achievements include a multi-unit process burner order from ExxonMobil and a multi-flare order from ASHCOR. Additionally, a sensing development contract with a global aerospace company was announced, focusing on creating commercial sensing products. As of March 31, 2020, the company had $7 million in cash and 26,707,261 shares outstanding.
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