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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) 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.
ClearSign Technologies Corporation (Nasdaq: CLIR) has successfully closed an underwritten public offering of 4,186,000 shares at $1.11 per share, raising approximately $4.65 million. The offering included 546,000 shares from the underwriter's full exercise of its overallotment option. The net proceeds will be allocated for working capital, R&D, marketing, and general corporate purposes. Newbridge Securities Corporation acted as the sole book-running manager.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced a public offering of 3,640,000 shares at $1.11 per share, aiming for gross proceeds of $4,040,400. An additional 546,000 shares may be offered if underwriters exercise their option, potentially raising total proceeds to $4,646,460.
Proceeds will support working capital, research and development, and sales efforts. The offering is set to close by June 1, 2022, pending customary conditions.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced a proposed underwritten public offering of its common stock, with all shares to be sold by the company. The offering includes a potential 30-day option for the underwriter to purchase an additional 15% of shares at the public offering price. Proceeds will be utilized for working capital, research and development, marketing, and general corporate purposes. The final terms of the offering will rely on market conditions, and the company can make no assurance regarding the completion or size of the offering.
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