SEATTLE, May 18, 2017 /PRNewswire/ -- ClearSign
Combustion Corporation (NASDAQ: CLIR), a leading provider of
industrial combustion technologies that help to reduce emissions
and improve efficiency, announced that they have a Memorandum of
Understanding (MOU) with one of China's largest providers of residential and
commercial heating services to run a pilot test with the goal of
demonstrating ClearSign's Duplex technology as a candidate to
achieve ultra-low emissions levels in their boilers.
Under the terms of the agreement, the state owned enterprise
(SOE) agreed to work with ClearSign to install, and demonstrate
ClearSign's innovative Duplex™ technology in one of their
boilers. The parties recently singled out specific classes of
boilers for testing and demonstration of ClearSign's Duplex
technology. The project will be a joint collaboration with
ClearSign handling the design, fabrication and overseeing the
installation by the local partner. Upon successful completion
of the pilot with results within agreed upon specifications, the
parties have agreed to negotiate a subsequent definitive agreement
to retro-fit multiple boilers within the district's
operational footprint.
"We are pleased and excited to announce our first Duplex project
in China, a market with an obvious
need for our products. We believe this Group is a natural partner
to validate and then broadly utilize our technology. We are
looking forward to demonstrating our technology and creating a long
and mutually beneficial business relationship with them," said
Stephen Pirnat, Chairman and Chief
Executive Officer of ClearSign. "Our new partner has hundreds of
boilers which would benefit from the use of ClearSign's technology
to reduce emissions and enhance their operating efficiency," said
Mr. Pirnat.
About ClearSign Combustion Corporation
ClearSign
Combustion Corporation designs and develops products and
technologies for the purpose of improving key performance
characteristics of combustion systems, including emissions and
operational performance, energy efficiency and overall
cost-effectiveness. Our patented Duplex™ and Electrodynamic
Combustion Control™ platform technologies enhance the performance
of combustion systems in a broad range of markets, including the
energy (upstream oil production and down-stream refining),
commercial/industrial boiler, chemical, petrochemical, and power
industries. For more information, please visit
www.clearsign.com.
Cautionary note on forward-looking statements
All
statements in this press release that are not based on historical
fact are "forward-looking statements." While management has based
any forward-looking statements included in this press release on
its current expectations, the information on which such
expectations were based may change. These forward-looking
statements rely on a number of assumptions concerning future events
and are subject to a number of risks, uncertainties and other
factors, many of which are outside of our control, which could
cause actual results to materially differ from such statements.
Such risks, uncertainties and other factors include, but are not
limited to, general business and economic conditions, the
performance of management and our employees, our ability to obtain
financing, competition, whether our technology will be accepted and
other factors that are to be detailed in our periodic and current
reports available for review at www.sec.gov. Furthermore, we
operate in a competitive environment where new and unanticipated
risks may arise. Accordingly, investors should not place any
reliance on forward-looking statements as a prediction of actual
results. We disclaim any intention to, and undertake no obligation
to, update or revise forward-looking statements to reflect events
or circumstances that subsequently occur or of which we hereafter
become aware.
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SOURCE ClearSign Combustion Corporation