ClearSign Technologies Corporation Announces Boiler Burner Order for Asphalt Company in California

Rhea-AI Summary

ClearSign Technologies (Nasdaq: CLIR) has received a purchase order for a boiler burner from an asphalt company in California. The order came through their partner Rogue Combustion after the customer experienced the technology through a rental boiler program. The burner, which incorporates ClearSign Core technology, will be fabricated and shipped in Q2 2025 for installation in California's San Joaquin Valley. The sale demonstrates the effectiveness of the rental program operated by California Boiler in allowing customers to test the technology before making a long-term commitment.

Positive

• New purchase order secured for boiler burner technology
• Successful conversion of rental customer to permanent installation
• Validation of rental program business model effectiveness

Negative

• Delivery timeline extends to Q2 2025, indicating long lead time

TULSA, Okla., Nov. 12, 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 a purchase order for a boiler burner for use in an asphalt company in California. 

"We are pleased to supply another installation of our ClearSign Core technology, which will be included in a Rogue burner package supplied by our partner, Rogue Combustion. This burner will be supplied to a company in California," said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. "This customer gained familiarity with a Rogue burner installed in a rental boiler supplied by the parent company of Rogue Combustion, California Boiler, and proceeded to place the order for a new Rogue burner for their long-term solution. We believe this sale illustrates the value of the rental program of our partner, California Boiler, which can provide, in addition to a solution to meet the customer's immediate needs, a firsthand experience of a Rogue burner's capabilities while they pursue a longer term solution." 

This purchase order came from Rogue Combustion after the company utilized a rental boiler with a ClearSign-Rogue burner. This boiler burner 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 products, including  process burners, boiler burners and flare products, in the markets the Company operate and sell its products in; the Company's ability to successfully fabricate and ship its boiler burner products timely; the Company's ability to leverage the rental program with California Boiler to generate purchase orders for its products and services; the Company's ability to further expand into other geographic markets; 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

FAQ

When will ClearSign Technologies (CLIR) deliver the new boiler burner order to California?

The boiler burner is expected to be fabricated and shipped in the second quarter of 2025.

Where will ClearSign Technologies (CLIR) install the new boiler burner in California?

The boiler burner will be installed at the customer's site in the San Joaquin Valley of California.

How did ClearSign Technologies (CLIR) secure the new California asphalt company order?

The customer first experienced the technology through a rental boiler program operated by California Boiler, which led to the purchase order through Rogue Combustion.