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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) 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.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced a conference call scheduled for November 23, 2021, at 5:00 PM ET to discuss its financial results for the third quarter ending September 30, 2021. The quarterly report will be filed with the SEC shortly before the call. Investors can participate via phone or a live webcast. The call will be archived for later access. ClearSign focuses on industrial combustion and sensing technologies aimed at enhancing efficiency and safety while reducing emissions.
ClearSign Technologies Corporation (Nasdaq: CLIR) announced the hiring of Brent Hinds as Vice President and Controller, who will also serve as the Company's principal accounting officer and treasurer. Hinds brings significant experience, previously serving as VP of Finance at Enovation Controls, managing $120 million in revenues and $600 million in assets. CEO Jim Deller expressed confidence in Hinds' technical expertise and entrepreneurial spirit, emphasizing the importance of enhancing the company's accounting and finance capabilities during a critical time of growth focused on environmental solutions.
ClearSign Technologies Corporation (Nasdaq: CLIR) reported a mix of progress and challenges in its second quarter update for 2021. The company highlighted advancements in its burner technologies, including successful demonstrations and installations for major clients. Notably, ClearSign's burner performance can guarantee low NOx emissions under various conditions. As of June 30, 2021, cash and equivalents stood at approximately $10.6 million, with 31.5 million shares outstanding. ClearSign also joined the Russell Microcap® Index, enhancing its market presence.
ClearSign Technologies Corporation (Nasdaq: CLIR) has received a verbal notification from ExxonMobil to pause the testing of its ClearSign Core™ process burners at the Baytown, Texas refinery. This decision results from insufficient time to integrate the technology into the refinery's planned 2022 turnaround. CEO Jim Deller expressed disappointment, noting the company had anticipated completing the final product demonstration and installation, which were expected to showcase significant reductions in NOx emissions. An investor call is scheduled for September 8, 2021, to discuss further developments.
ClearSign Technologies Corporation (Nasdaq: CLIR) will host a conference call on September 8, 2021, at 5:00 PM ET to discuss its financial and operating results for the quarter ending June 30, 2021. The quarterly report will be filed with the SEC, followed by a press release summarizing key financials. Investors can participate via phone or listen online through a webcast. ClearSign focuses on enhancing combustion and sensing technologies to improve energy efficiency and reduce emissions across various industries.
ClearSign Technologies Corporation (Nasdaq: CLIR) announces the sad passing of its Chief Financial Officer, Brian Fike, on July 30, 2021. The company expressed deep condolences to his family and recognized his significant contributions during his tenure. CEO Jim Deller acknowledged the impact of Fike's loss on the team. Despite this tragedy, ClearSign's current management and Board of Directors will continue to lead the company, with succession planning already in progress. ClearSign focuses on enhancing operational performance and reducing emissions in various industrial sectors.
ClearSign Technologies Corporation (Nasdaq: CLIR) reported operational updates for Q1 2021, highlighting significant advancements in the adoption of its combustion technologies. Key achievements include a successful performance demonstration for a supermajor European project, installation of burners at a California energy facility, and certification for fire tube boiler burners in China. The company recognized $363,000 in revenue during the quarter and had approximately $10.7 million in cash and equivalents by March 31, 2021. ClearSign continues to build strategic partnerships to enhance its market presence.
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