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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) 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.
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.
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