TULSA,
Okla., Oct. 29, 2024 /PRNewswire/ -- ClearSign
Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the
"Company"), an emerging leader in industrial combustion and sensing
technologies that support decarbonization, improve
operational and energy efficiency, enable the use of hydrogen as a
fuel and enhance safety while dramatically reducing emissions,
announces that it has received an engineering order for a flare
from an energy company for use in California.
"The application of ClearSign Core technology to flaring
products has been a minor portion of our business to date, but it
is an area that is receiving increasing attention in the markets we
support. Our flares are another innovative solution that we can
offer our clients to advance their clear air goals," said Jim
Deller, Ph.D., Chief Executive Officer of ClearSign. "This order is
encouraging not only because it is from a prior customer that came
back to us to solve a particular need, but also because we believe
it is an indication of a developing opportunity for ClearSign and
our leading emissions reduction technologies."
This order is for the initial engineering for a flare retrofit
to be installed at a production facility. The final product is
expected to be fabricated and shipped in the second quarter of 2025
to be installed at the customer's site in the San Joaquin Valley of California.
About ClearSign Technologies Corporation
ClearSign Technologies Corporation designs and develops products
and technologies for the purpose of decarbonization and improving
key performance characteristics of industrial and commercial
systems, including operational performance, energy efficiency,
emission reduction, safety, the use of hydrogen as a fuel and
overall cost-effectiveness. Our patented technologies, embedded in
established OEM products as ClearSign Core™ and ClearSign
Eye™ and other sensing configurations, enhance the performance
of combustion systems and fuel safety systems in a broad range of
markets, including the energy (upstream oil production and
down-stream refining), commercial/industrial boiler, chemical,
petrochemical, transport 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." You can find many
(but not all) of these statements by looking for words such as
"approximates," "believes," "hopes," "expects," "anticipates,"
"estimates," "projects," "intends," "plans," "would," "should,"
"could," "may," "will" or other similar expressions. While
management has based any forward-looking statements included in
this press release on its current expectations on the Company's
strategy, plans, intentions, performance, or future occurrences or
results, 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 the Company's control, which could cause actual results to
materially differ from such statements. Such risks, uncertainties
and other factors include, but are not limited to: the performance
of the Company's burners, including related fuel and electricity
savings and its ability to lower NOx emissions; the Company's
ability to successfully deliver, install, and meet the performance
obligations of the Company's burners, including process
burners, and flare products in the markets the Company sell
products in; Company's ability to timely ship its burners; the
Company's ability to successfully fabricate and ship its flare
products timely; the Company's ability to generate additional
engineering or purchase orders for flaring products through the
application of ClearSign Core's technology; the Company's ability
to further expand into other geographic markets; the Company's
ability to expand its footprint in the power generation and
distribution market; the Company's ability to further expand the
sale of ultra-low NOx process and boiler burners; the Company's
ability to successfully perform engineering orders and performance
optimization processes included therein; general business and
economic conditions; the performance of management and the
Company's employees; the Company's ability to obtain financing,
when needed; the Company's ability to compete with competitors;
whether the Company's technology will be accepted and adopted and
other factors identified in the Company's Annual Report on Form
10-K filed with the U.S. Securities and Exchange Commission and
available at www.sec.gov and other factors that are
detailed in the Company's periodic and current reports available
for review at www.sec.gov. Furthermore, the Company operates
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. The
Company disclaims any intention to, and, except as may be required
by law, undertakes no obligation to, update or revise
forward-looking statements to reflect events or circumstances that
subsequently occur or of which the Company hereafter become
aware.
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SOURCE ClearSign Technologies Corporation
