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) 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.
ClearSign Technologies Corporation (Nasdaq: CLIR) has announced an initial engineering order for a retrofitting project involving 20 ClearSign Core™ burners in two heaters at a California refinery. This marks the first order from a large independent national refiner and is anticipated to be the company's largest process burner project to date. The initial phase includes engineering and Computational Fluid Dynamics modeling, leading up to a full-size burner demonstration. ClearSign aims to improve emissions reduction in the California market, which is a significant focus.
ClearSign Technologies Corporation (Nasdaq: CLIR) will host a conference call on April 6, 2022, at 5:00 PM ET to discuss its financial results for the quarter ending December 31, 2021. The company plans to file its annual report on Form 10-K with the SEC by March 31, 2022. Investors can join via phone at 1-866-372-4653 (U.S.) or 1-412-902-4217 (international), or through a webcast. The call will be archived for 90 days. ClearSign focuses on enhancing energy efficiency and safety in industrial systems.
ClearSign Technologies Corporation (Nasdaq: CLIR) provided an update on its commercialization efforts in China, highlighting significant partnerships and product deployment. The company sold its 125hp fire tube boiler, set for installation in a rental boiler, enhancing exposure to Chinese customers. A strategic Collaboration Framework Agreement with Jiangsu Shuangliang Boiler Co., Ltd. expands the product line to include a 2500hp water tube boiler burner. Additionally, a renewed agreement with Beijing District Heating Group confirms ongoing investment in ClearSign technology, focusing on efficient boiler systems.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced the successful installation of its ClearSign Core™ process burner at a European refinery, marking a key milestone with a supermajor client. This project involved engineering, testing, and installing a burner aimed at reducing NOx emissions. CEO Jim Deller highlighted its significance as ClearSign's first European installation and an opportunity for further discussions about additional deployments to meet global emissions goals.
ClearSign Technologies Corporation (Nasdaq: CLIR) has announced the relocation of its headquarters to Tulsa, Oklahoma, with a grand opening ceremony set for January 27, 2022. The move aims to enhance business development and collaboration within the high-tech combustion industry, leveraging Tulsa's skilled workforce and proximity to key partners. The company has also received an incentive from the Oklahoma Department of Commerce under the 21st Century Quality Jobs Act. ClearSign is focused on improving energy efficiency and reducing emissions in various industrial sectors.
ClearSign Technologies Corporation (Nasdaq: CLIR) reported updates on its operations for Q3 2021, highlighting progress in commercialization and product development. The Company received a significant purchase order for a multi-heater project from a Fortune 500 national refiner. Additionally, they fabricated a redesigned 2500hp water tube boiler burner and successfully demonstrated a 500hp boiler burner delivering sub 2.5ppm NOx. The Company had cash reserves of $8.84 million as of September 30, 2021, with 31,574,704 shares outstanding.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced a significant purchase order from a Fortune 500 national refiner for a project to retrofit two process heaters with ClearSign Core™ burners at their Midwest facility. The project consists of three phases: the initial order includes one burner, with future phases planned for additional burners. This order marks ClearSign's largest process burner project to date and is expected to enhance process throughput while significantly reducing NOx emissions. ClearSign's technology is gaining recognition in the industry, promising improved refining productivity.
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