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.
ClearSign Technologies Corporation (NASDAQ: CLIR) released its operational update for the full year ended December 31, 2022. The report highlights encouraging sales across various industries, including California and Texas, bolstered by positive industry feedback on their products. The company successfully completed multi-burner testing for a major California project, marking a significant operational milestone. Additionally, ClearSign completed Phase 1 testing of its Ultra-Low NOx hydrogen burner, preparing for a Phase 2 grant application of up to $1.6 million. As of December 31, 2022, the company reported cash and short-term investments totaling $9.1 million and 38,023,701 shares outstanding. Despite a net loss of $5.76 million for 2022, ClearSign's strategic positioning in the market and ongoing product development reflect their commitment to enhancing energy efficiency and reducing emissions.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced on April 5, 2023, the successful development of its ClearSign Core™ Ultra Low NOx burner, capable of using 100% hydrogen fuel. Funded by a government grant from the Department of Energy (DOE), the project received approximately $250,000 for Phase 1, and ClearSign plans to apply for up to $1.6 million in Phase 2 funding. This technology aims to reduce industrial emissions by enabling the use of hydrogen fuel in industrial heating, addressing the challenges of NOx emissions. The project has generated interest from various stakeholders interested in collaboration and adoption of this technology.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced a significant milestone with the first sale of its fire tube boiler burner technology to a global chemical company in the Texas market. The order, scheduled for installation in Q3 2023, marks ClearSign's entry into the industrial chemicals sector and the Texas Gulf Coast region. This sale is notable as it involves the first application of their boiler burner technology into a non-boiler heater, and signifies a relationship with heater manufacturers, an essential channel for ClearSign's asset-light strategy.
ClearSign Technologies Corporation (Nasdaq: CLIR) has announced it will hold a conference call on April 6, 2023, at 5 PM ET. This call will cover the Company's financial and operational results for the fourth quarter and full year ending December 31, 2022, following the filing of its annual report on form 10-K. Investors can participate by dialing specified numbers or accessing the call via a webcast. The details will also be archived on the investor relations website for future reference.
ClearSign focuses on technologies that enhance industrial combustion, safety, and efficiency, aiming to reduce emissions across various sectors.
ClearSign Technologies Corporation (Nasdaq: CLIR) announces the resignation of Susanne Meline from its Board of Directors, after five years of service. Catharine de Lacy, an expert in ESG initiatives and corporate governance, is appointed to fill the vacancy. De Lacy brings a wealth of experience from various industries, having held positions with well-known companies such as Occidental Petroleum and Clorox Corp.. CEO Jim Deller expressed gratitude for Meline's contributions and welcomed de Lacy’s expertise, which is expected to enhance the company's growth and stakeholder engagement.
ClearSign Technologies Corporation (Nasdaq: CLIR) has announced the sale of its ultra-low NOx boiler burner technology to a national recycling service provider in California, marking its second order in a week. The burner, designed for compliance with the California Central Valley region's strict emissions regulations, is intended to enhance energy efficiency at a recycling plant. The installation is scheduled for the third quarter of 2023, in partnership with California Boiler. CEO Jim Deller expressed optimism regarding market acceptance and growing business prospects.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced its first sale of ultra-low NOx boiler burners to the California market, a significant milestone for the company. This product, sold through California Boiler, will help meet stringent sub 5ppm NOx emissions requirements. CEO Jim Deller highlighted the growing traction of this business segment, which also opens doors to new markets such as medical and business waste services. The burner installation is scheduled for the second quarter of 2023, showcasing ClearSign's commitment to enhancing energy efficiency and reducing emissions in various industries.
ClearSign Technologies Corporation (Nasdaq: CLIR) provided an operational update for Q3 2022, emphasizing its advancement in commercial and development projects. The company is focused on a twenty burner project for a California refinery, with the completion of the final purchase order and installation expected in 2023. ClearSign also progressed its 100% hydrogen burner testing, demonstrating successful initial runs. Additionally, a sale of a ClearSign Core™ enclosed oxidizer to a Canadian hydrogen tech firm was announced, alongside the appointment of Gary DiElsi to the Board of Directors. As of September 30, 2022, the company had approximately $9.78 million in cash and equivalents.
ClearSign Technologies Corporation (Nasdaq: CLIR) has received a final purchase order for 16 burners, control equipment, and spare parts as part of a project for a California refinery. This concludes the 20 burner project first announced on March 29, 2022. The remaining burners will be delivered during the refinery's scheduled maintenance in 2023. The CEO expressed satisfaction with project progress and noted the significance of this order in their target market. ClearSign focuses on improving industrial combustion technologies to enhance efficiency and reduce emissions.
ClearSign Technologies Corporation (Nasdaq: CLIR) will host a conference call on December 1, 2022, at 5 PM ET to discuss its financial results for Q3 2022, ending September 30. A 10-Q report will be filed with the SEC soon. Investors can participate via a live call by dialing 1-866-372-4653 in the U.S. or 1-412-902-4217 internationally, or through a webcast available on the company’s investor relations website. The call summary will be archived for 90 days.
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