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About ClearSign Technologies Corp
ClearSign Technologies Corporation (Nasdaq: CLIR) is a pioneering company specializing in industrial combustion and sensing technologies that address critical challenges in emissions reduction, energy efficiency, and operational safety. With its patented solutions, ClearSign enables industries to meet stringent environmental regulations while optimizing performance and cost-effectiveness. The company's innovative technologies are embedded into established Original Equipment Manufacturer (OEM) products, providing seamless integration and scalability for diverse applications.
Core Offerings
ClearSign's product portfolio includes:
- Process Burners: Designed for ultra-low NOx emissions, these burners are used in applications such as chemical processing, refining, and power generation. They can operate on a range of fuels, including natural gas and hydrogen.
- Boiler Burners: These burners improve energy efficiency and reduce emissions in commercial and industrial boiler systems, making them ideal for institutional and manufacturing facilities.
- Flares: ClearSign's flaring solutions provide clean and efficient methods to dispose of hydrocarbons, supporting upstream oil production and biofuel applications.
- ClearSign Eye Sensors: Advanced sensing technologies that enhance safety and reliability by detecting flame presence without direct flame contact.
Market Applications
ClearSign's technologies serve a broad range of industries, including:
- Energy: From upstream oil production to downstream refining, ClearSign's solutions optimize combustion systems for energy efficiency and emissions compliance.
- Chemical and Petrochemical: The company's burners and flares are integral to maintaining operational efficiency in chemical processing plants.
- Power Generation: ClearSign's entry into the power generation sector highlights its versatility and commitment to decarbonization.
- Industrial Boilers: Its boiler burners are used in commercial and institutional settings, delivering cost-effective and eco-friendly solutions.
Innovative Technologies
At the heart of ClearSign's offerings are its patented technologies, including:
- ClearSign Core™: A combustion technology that achieves ultra-low NOx emissions while improving energy efficiency. It is compatible with both natural gas and hydrogen fuels, aligning with global decarbonization efforts.
- ClearSign Eye™: A sensing technology that enhances safety by detecting burner flame presence without direct contact, offering greater durability and reliability.
Strategic Partnerships
ClearSign collaborates with industry leaders like Zeeco and Birwelco USA to expand its market reach and manufacturing capabilities. These partnerships enable the company to scale its operations and validate its technologies under real-world conditions, further solidifying its market position.
Industry Context and Competitive Edge
Operating in a highly regulated and competitive environment, ClearSign differentiates itself through its ability to deliver cost-effective, ultra-low NOx solutions. Its focus on retrofitting existing systems makes its technologies accessible and scalable, offering significant value to industries facing increasing pressure to decarbonize. Additionally, the company's emphasis on hydrogen-capable technologies positions it as a forward-looking player in the transition to clean energy.
Commitment to Decarbonization
ClearSign's mission aligns with global sustainability goals, as evidenced by its involvement in projects like the development of hydrogen burners and its participation in the California Gas Emerging Technologies Program. These initiatives underscore the company's commitment to reducing greenhouse gas emissions and advancing industrial decarbonization.
Conclusion
ClearSign Technologies Corporation stands at the forefront of industrial innovation, offering advanced combustion and sensing solutions that address the dual challenges of emissions reduction and operational efficiency. With its robust product portfolio, strategic partnerships, and commitment to sustainability, ClearSign is well-positioned to drive meaningful change across multiple industries.
ClearSign Technologies (Nasdaq: CLIR) has received a follow-on purchase order for 26 ClearSign Core™ burners from Birwelco USA Inc. This order, the largest in ClearSign's history, is for retrofitting four process heaters at a Fortune 500 global chemical company's Gulf Coast facility in Texas. The project, which began with an engineering order in July, will implement flex fuel hydrogen capable burner technology. Final delivery of the burners is expected in early second half of 2025.
ClearSign Technologies (Nasdaq: CLIR) reported record quarterly revenue of $1.85 million in Q3 2024, compared to $85,000 in Q3 2023. The significant increase was primarily driven by shipping 20 process burners to a California refinery customer. The company secured multiple new orders, including a flare retrofit project in California, burner orders for power generation customers in Oklahoma and Missouri, and a 26-burner retrofit project for a Texas petrochemical facility. Cash and cash equivalents stood at $14.5 million as of September 30, 2024, with 50,234,407 shares outstanding.
ClearSign Technologies (Nasdaq: CLIR) has received a purchase order for a boiler burner from an asphalt company in California. The order came through their partner Rogue Combustion after the customer experienced the technology through a rental boiler program. The burner, which incorporates ClearSign Core technology, will be fabricated and shipped in Q2 2025 for installation in California's San Joaquin Valley. The sale demonstrates the effectiveness of the rental program operated by California Boiler in allowing customers to test the technology before making a long-term commitment.
ClearSign Technologies (Nasdaq: CLIR) announces its Third Quarter 2024 earnings conference call scheduled for Wednesday, November 20, 2024, at 5:00 PM ET. The company will file its Q3 10-Q report with the SEC and release financial results for the quarter ending September 30, 2024, on the day of the call. Investors can participate via phone (1-800-836-8184 US, 1-646-357-8785 international) or through a webcast. A Q&A session will be included, with investors able to submit questions in advance via email. The webcast will be archived for 90 days, and a playback will be available for 7 days.
ClearSign Technologies (Nasdaq: CLIR), a leader in industrial combustion and sensing technologies, has announced its Third Quarter 2024 Conference Call scheduled for Wednesday, November 20, 2024, at 5:00 PM ET. The company will release its financial and operating results for the quarter ending September 30, 2024, on the same day.
Investors can participate through a live call by dialing 1-800-836-8184 (U.S.) or 1-646-357-8785 (international), or via webcast at the company's investor relations website. A Q&A session will be included, with investors able to submit questions in advance via email. The webcast will be archived for 90 days, and a telephonic playback will be available for 7 days using conference ID 65937.
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), a leader in industrial combustion and sensing technologies for decarbonization and efficiency, announces its participation in the LD Micro Main Event XVII. CEO Jim Deller, Ph.D., will present on Tuesday, October 29th at 4:00 PM PT/7:00 PM ET at the Luxe Sunset Boulevard Hotel in Los Angeles.
The event, running from October 28th to 30th, will feature approximately 150 companies presenting in half-hour increments and attending private investor meetings. Registration begins at 3:00 PM PT on October 28th, followed by keynotes and a happy hour. Presentations will run from 8:00 AM to 5:00 PM PT on October 29th and 30th.
Interested parties can register to watch the virtual presentation through the provided link to the Sequire Events platform.
ClearSign Technologies (Nasdaq: CLIR) has received a new burner order from Exotherm for installation in a heater at a power generation facility in Turney, Missouri. This marks the second order from Exotherm and expands ClearSign's presence in the power generation market. The burner is expected to be shipped in early 2025.
CEO Jim Deller expressed gratitude for the repeat order, highlighting the success of engineering companies like Exotherm in leveraging ClearSign's burner technology. This order aligns with ClearSign's strategic sales and growth plan, demonstrating continued interest in their horizontally fired burner product line and expanding their geographic footprint.
ClearSign Technologies specializes in industrial combustion and sensing technologies that support decarbonization, improve efficiency, enable hydrogen fuel use, and enhance safety while reducing emissions.
ClearSign Technologies (Nasdaq: CLIR) announces the public release of the California Statewide Gas Emerging Technologies (GET) Report on Boiler Burners. The study, sponsored by Southern California Gas Company, compared ClearSign's ultra-low NOx boiler burner to a conventional one. Key findings include:
1. Material fuel and electricity savings while producing ultra-low NOx levels
2. Capability to achieve lower NOx levels than the baseline burner
3. Higher boiler operating efficiency
4. Fuel savings ranging from 3.3% to 4.7% at different NOx levels
5. Electricity savings ranging from 7% to 25% compared to the baseline burner
The report estimates $80,000 annual savings in California energy costs for a mid-size 500hp boiler, along with a reduction of over 500 tons of CO2 emissions per year.
ClearSign Technologies (Nasdaq: CLIR) has received a burner order from Exotherm for installation in a heater in Oklahoma, marking its entry into the power generation market. This order represents ClearSign's first commercial installation in Oklahoma, expanding its geographic footprint. The burner will be installed in a bath heater to heat natural gas for dewpoint control and is expected to be shipped by the end of Q4 2024.
Jim Deller, CEO of ClearSign, expressed excitement about the new working relationship with Exotherm and highlighted the continued interest in their horizontally fired process burner product line. This order aligns with ClearSign's sales strategy of promoting burners and solutions to heater OEMs, adding Exotherm as a new and valued addition to their network.
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