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ClearSign Technologies Corporation - CLIR STOCK NEWS

Welcome to our dedicated page for ClearSign Technologies Corporation news (Ticker: CLIR), a resource for investors and traders seeking the latest updates and insights on ClearSign Technologies Corporation stock.

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.

News

ClearSign Technologies Corporation Provides Preliminary 2023 Financial Results

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ClearSign Technologies Corporation (Nasdaq: CLIR) expects revenues of approximately $1.2 million during the fourth quarter of 2023, representing a significant increase from the previous year. The company reported a net loss for the year ended 2022 and estimates a preliminary net loss for the year ended December 31, 2023, ranging between $5.4 to $5.1 million. ClearSign's success in completing its largest refinery heater installation and start-up project, as well as receiving third-party validation for emissions guarantees, has contributed to the revenue growth. The company anticipates further growth in its installed base with multiple installations expected to come online in 2024, leading to increased market interest and product acceptance.
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ClearSign Technologies Corporation to Present at Integrous Big Hearts, Big Ideas Virtual Investor Conference on February 14th-15th

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ClearSign Technologies Corporation (CLIR) has been invited to present at Integrous Communications Big Hearts, Big Ideas Virtual Investor Conference on February 13-15th, 2024. Jim Deller, Ph.D., CEO of ClearSign, will present on February 14th at 2:30pm ET. The presentation will focus on industrial combustion and sensing technologies that improve energy efficiency, operational efficiency, and safety while reducing emissions. The webcast will be available for replay, and management will be available for one-on-one meetings throughout the conference.
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ClearSign Technologies Corporation Announces Successful Start Up of Multi-Burner Heater in California Project

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ClearSign Technologies Corporation (Nasdaq: CLIR) has announced the successful start-up and operation of the first eight burner heater in a refinery, with the second five burner heater in process. This is part of a project for a repeat customer aimed at reducing emissions of NOx and meeting stringent emissions limits in California. The company's technology has been validated in the California market, marking a significant addition to its installed base.
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ClearSign Technologies Corporation Provides Third Quarter 2023 Update

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ClearSign Technologies Corporation (Nasdaq: CLIR) provides an update on Q3 2023 operations, including commercial orders, new branding, and strategic hires. The company also announces successful Phase 1 testing of Ultra-Low NOx 100% Hydrogen Burner and collaboration with SoCalGas for its Flexible Hydrogen Fueled Ultra Low NOx Process Burner Project. Revenue increased to $85 thousand, and cash, cash equivalents, and short-term investments were approximately $7.2 million as of September 30, 2023.
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ClearSign Technologies Corporation Announces Hire of Matthew Martin as Chief Technology Officer

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ClearSign Technologies Corporation (Nasdaq: CLIR) has appointed Mr. Matthew Martin as Chief Technology Officer. Mr. Martin brings 20+ years of experience in combustion-related industries, with a strong foundation in product development, business development, sales, and marketing. The company also granted him non-qualified stock options to purchase 150,000 shares of its common stock.
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ClearSign Technologies Corporation Announces Third Quarter Conference Call

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ClearSign Technologies Corporation (Nasdaq: CLIR) announces that it will host a conference call on November 14, 2023, at 5:00 PM ET. The call will discuss the Company's financial and operating results for the third quarter ending on September 30, 2023. Investors can participate by dialing 1-866-372-4653 (U.S.) or 1-412-902-4217 (abroad), or by accessing the webcast at http://ir.clearsign.com/overview. The webcast will be archived on the Company's website for 90 days, and a telephonic playback will be available for 7 days after the call.
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ClearSign Technologies Corporation Receives Support and Collaboration from SoCalGas for its Flexible Hydrogen Fueled Ultra Low NOx Process Burner Project

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ClearSign Technologies receives collaboration commitment and additional funding for its Hydrogen Ultra Low NOx burner project from SoCalGas. SoCalGas pledges $500,000 to promote the introduction and field demonstration of ClearSign's hydrogen capable burner technology in Southern California. The project aims to decarbonize hard-to-electrify industries and reduce industrial emissions. SoCalGas is also working on developing a green hydrogen pipeline system and a hydrogen blending standard in California.
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ClearSign Technologies Corporation to Present at iAccess Alpha's - Top 10 Best Ideas from the Buyside Virtual Conference - September 26th - 27th, 2023

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ClearSign Technologies Corporation invited to present at iAccess Alpha's investor conference
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ClearSign Technologies Corporation Provides Second Quarter 2023 Update

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ClearSign Technologies provides Q2 operations update, reporting increased order flow in process burners and boiler burner line. Successful Phase 1 testing of Ultra-Low NOx 100% Hydrogen Burner completed, awarded Phase 2 SBIR grant for $1.65M. Received engineering order and follow-on order for two multi-burner heaters from a California refinery. Entered Texas Gulf Coast market with burner sale to global chemical company. Revenue of $150k recognized in Q2 2023, compared to zero in Q2 2022. Cash and equivalents of $8.5M as of June 30, 2023.
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ClearSign Technologies Corporation Announces Second Quarter Conference Call

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ClearSign Technologies Corporation (Nasdaq: CLIR) announces that it will host a conference call on Thursday, August 31st, 2023, to discuss its financial and operating results for the second quarter ending on June 30, 2023. Investors can access the call online or through a telephonic playback. The webcast will be archived for at least 90 days.
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FAQ

What is the current stock price of ClearSign Technologies Corporation (CLIR)?

The current stock price of ClearSign Technologies Corporation (CLIR) is $1.3 as of January 23, 2025.

What is the market cap of ClearSign Technologies Corporation (CLIR)?

The market cap of ClearSign Technologies Corporation (CLIR) is approximately 67.8M.

What does ClearSign Technologies Corporation do?

ClearSign Technologies Corporation designs and develops industrial combustion and sensing technologies to improve operational performance, energy efficiency, emission reduction, safety, and cost-effectiveness.

What are ClearSign's main products?

ClearSign's main products include ClearSign Core™ and ClearSign Eye™, which are integrated into established OEM products to enhance combustion systems and fuel safety systems.

What industries does ClearSign serve?

ClearSign serves a variety of industries, including energy (upstream oil production and downstream refining), commercial and industrial boilers, chemical, petrochemical, transport, and power industries.

What recent achievements has ClearSign made?

ClearSign has successfully started up multi-burner heaters at Kern Energy and received significant orders for boiler burners from California Boiler. They reported record revenues for the fourth quarter and full year of 2023.

How financially stable is ClearSign Technologies?

ClearSign reported record revenues and recently raised approximately $9.3 million through public and private offerings to support ongoing projects and future growth.

What is ClearSign's latest project?

ClearSign is working on the development of a 100% hydrogen burner with Phase 2 grant funding, aiming to further improve environmental sustainability in combustion technologies.

Where is ClearSign Technologies Corporation headquartered?

ClearSign Technologies Corporation is headquartered in Tulsa, Oklahoma.

How does ClearSign's technology help industries meet emissions standards?

ClearSign’s technologies, like ClearSign Core™ and ClearSign Eye™, are designed to reduce emissions and meet stringent regulatory requirements, helping industries comply with environmental standards.

Who are ClearSign's key partners?

ClearSign has key partnerships with companies like California Boiler and Kern Energy, which have adopted ClearSign's technology for their emissions control needs.

How can I learn more about ClearSign Technologies?

For more information, visit ClearSign Technologies Corporation's official website at www.clearsign.com.
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ClearSign Technologies Corporation

Nasdaq:CLIR

CLIR Rankings

#4725 Ranked by Market Cap
N/A Ranked by Dividends

CLIR Stock Data

67.81M
40.15M
20.07%
6.4%
0.53%
Pollution & Treatment Controls
Industrial Instruments for Measurement, Display, and Control
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United States of America
TULSA