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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 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.
ClearSign Technologies Corporation (Nasdaq: CLIR) reported significant operational updates for Q2 2022, highlighting advancements in major product lines and sales activity. Key achievements include a follow-on order for a multi-burner project for a California refinery, an enclosed oxidizer sale to a Canadian hydrogen production company, and the appointment of Gary DiElsi to the Board. The company closed a public offering, raising approximately $4.6 million for various corporate purposes. Additionally, ClearSign received a $250,000 grant from the Department of Energy to develop hydrogen burner technology.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced an accelerated timeline for its twenty burner project for a California refinery. The company has received a purchase order for four burners and anticipates another order for the remaining sixteen in Q4 2022. This advancement follows the completion of engineering and computer modeling, showcasing the company’s ultra low NOx technology. CEO Jim Deller expressed optimism about this significant installation, highlighting collaboration with partner Zeeco Inc.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced the sale of its ClearSign Core™ enclosed oxidizer to a Canadian customer developing technology for clean hydrogen production. This project highlights the company's commitment to low-carbon solutions, enhancing their visibility and potential market reach in the hydrogen energy sector. CEO Jim Deller expressed optimism about the project, emphasizing its alignment with environmental initiatives. This sale may pave the way for further deployments of ClearSign's technologies in the evolving energy landscape.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced a conference call scheduled for September 1, 2022, at 5 PM ET, to discuss its second quarter financial results for the period ending June 30, 2022. The company will file its 10-Q report shortly before the call. Investors can join the call via phone or through a live webcast. The call will also be archived for later access. ClearSign focuses on improving efficiency and safety in industrial combustion systems while reducing emissions.
On August 2, 2022, ClearSign Technologies Corporation (CLIR) announced a transition on its Board of Directors. Bruce A. Pate is stepping down, and Gary J. DiElsi, an experienced energy executive with over 40 years in the industry, is appointed to fill the position. DiElsi has held significant roles in major companies like Chevron and Linde AG and founded Mountain Pass Energy Investing LLC. CEO Jim Deller praised Pate’s contributions and expressed optimism about DiElsi's impact on the company's growth.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced the full exercise of a purchase right by clirSPV LLC, resulting in the acquisition of 1,591,594 shares at $1.11 each, totaling approximately $1.77 million. This follows an underwritten public offering completed on June 1, 2022. The proceeds will be utilized for working capital, R&D, and general corporate purposes. clirSPV's Chairman expressed confidence in ClearSign's growth potential, citing improved management and product range, alongside established partnerships. The company targets enhanced operational performance and emission reductions in industrial systems.
ClearSign Technologies Corporation (Nasdaq: CLIR) reported operational updates for Q1 2022, emphasizing growing industry recognition and deeper customer engagement. Key highlights include:
- Closed a public offering of 4,186,000 shares at $1.11 per share, raising approximately $4.65 million for various corporate purposes.
- Awarded a $250,000 grant from the Department of Energy to develop ultra-low NOx hydrogen burner technology.
- Secured an initial order for 20 ClearSign Core™ burners from a California refinery.
- Successfully installed a process burner at a European refinery.
- Relocated headquarters to Tulsa, OK.
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