Clearsign Technologies Corp Stock Price, News & Analysis

ClearSign Technologies Corporation (Nasdaq: CLIR) announced a purchase order to complete detailed engineering for burners at a California refinery. This order is a repeat from an existing customer, showcasing the recognition of ClearSign’s Core burner technology in addressing emission control complexities compared to traditional methods. Although the future procurement of burners remains uncertain, successful execution of this order could help the refinery meet stricter California emissions regulations. ClearSign focuses on enhancing operational efficiency, safety, and energy use in industrial combustion.

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.