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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) 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.
ClearSign Technologies Corporation (Nasdaq: CLIR) has been awarded a government grant of approximately $250,000 through the Small Business Innovative Research (SBIR) program with the Department of Energy. This funding will support the development of ultra-low NOx hydrogen burner technology, which aims to reduce carbon dioxide and nitrogen oxide emissions in industrial applications. The project will last six months, and upon completion, ClearSign may apply for a Phase 2 grant of up to $1.6 million for further development. The effort is positioned to advance the hydrogen economy.
ClearSign Technologies Corporation (Nasdaq: CLIR) announces a conference call scheduled for June 2, 2022, at 5:00 PM ET, to discuss its Q1 results. The company will file its 10-Q report and provide a summary of operating results for the quarter ending March 31, 2022. Additionally, a virtual Annual Meeting will take place on June 6, 2022, at 2:00 PM ET. Shareholders can participate online and submit questions during the meeting. More information is accessible on the company’s investor relations website.
ClearSign Technologies Corporation (Nasdaq: CLIR) reported positive operational updates for Q4 and the full year ended December 31, 2021. The company highlighted significant progress in developing and launching technologies, securing major customer orders, and establishing strategic partnerships, particularly in China and California. Key achievements include Multi Heater Projects for national refiners, a successful installation at a European refinery, and the launch of a boiler burner line. As of December 31, 2021, cash and equivalents stood at $7.6 million, with 31,581,666 shares outstanding.
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