ClearSign Technologies Corporation Announces Boiler Burner Order from California Boiler
Rhea-AI Summary
ClearSign Technologies (Nasdaq: CLIR) has received a purchase order from Rogue Combustion, a subsidiary of California Boiler, for a boiler burner to be used in their rental fleet. The ultra-low NOx boiler burner is expected to be fabricated and shipped in the second quarter of 2025 for installation in a new rental boiler.
The company highlights that rental boilers provide immediate solutions for customers in urgent situations or during planning of permanent installations. They also serve as demonstration units, allowing customers to gain experience with ClearSign's equipment, potentially leading to sales, as demonstrated by a recent order announced on November 12 following a rental deployment.
Positive
- New purchase order secured for ultra-low NOx boiler burner
- Rental fleet deployment strategy proving successful in generating new sales
- Established partnership with California Boiler showing continued business relationship
Negative
- None.
News Market Reaction
On the day this news was published, CLIR gained 6.09%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"We are pleased to provide our partner Cal Boiler another ultra-low NOx boiler burner to install in their rental fleet," said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. "We have previously discussed the benefits of rental boilers providing immediate solutions for customers either in urgent situations, or while they plan permanent future installations. The deployment of rental boilers also provides customers with experience using our equipment and we believe that this exposure can assist in making sales. A recent demonstration of the value of rental boilers was the order for a boiler burner we announced on November 12 which was preceded by the deployment of a Cal Boiler rental boiler to that customer."
This purchase order came from Cal Boiler and is expected to be fabricated and shipped in the second quarter of 2025 for installation in a new rental boiler.
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 Cal 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
View original content to download multimedia:https://www.prnewswire.com/news-releases/clearsign-technologies-corporation-announces-boiler-burner-order-from-california-boiler-302322131.html
SOURCE ClearSign Technologies Corporation
FAQ
When will ClearSign Technologies (CLIR) deliver the new boiler burner to California Boiler?
What is the purpose of the boiler burner order received by ClearSign Technologies (CLIR)?
How does ClearSign Technologies (CLIR) benefit from rental fleet deployments?
