ClearSign Technologies Corporation Announces Purchase Order for ClearSign Core™ "M" Series Process Burner for a Gas Processing Facility in Colorado
Rhea-AI Summary
ClearSign Technologies (Nasdaq: CLIR) has secured a purchase order for their new ClearSign Core™ M1 process burner through heater manufacturer Devco Process Heaters. The burner will be installed in a new hot oil heater at a gas processing facility in Colorado, with delivery expected in Q2 2025.
This marks the second installation of the 'M' series technology in the midstream market, for which it was initially designed. The company reports receiving multiple quotation requests following the successful demonstration of their first installation, which showed superior NOx reduction and improved efficiency. ClearSign indicates potential expansion of the burner series' applications to include boilers and other process heaters.
Positive
- Secured new purchase order for ClearSign Core™ M1 process burner
- Multiple quotation requests received following first successful installation
- Demonstrated superior NOx reduction and improved efficiency in first installation
- Potential market expansion to boilers and other process heaters
Negative
- None.
News Market Reaction
On the day this news was published, CLIR gained 6.33%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Burner Sold by Heater Manufacturer Devco Process Heaters
"There has been notable interest in this new 'M' series process burner line, and we are excited that we are seeing early market engagement. For instance, since sharing the results of our first installation demonstrating superior NOx and improved efficiency, we have received a positive response to this technology, including multiple requests for quotations in addition to this order. This will be the second installation of this technology for the midstream market, which is the sector it was initially designed for. That being said, we do believe this burner series also has applicability for boilers and other types of process heaters, and we are looking forward to extending this burner series to cover these other applications."
The burner branded as the ClearSign Core™ M1 was sold by Devco and will be going into a new hot oil heater in a gas processing facility in
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 accelerate development timelines of new burner technologies while minimizing overall costs through the use of its computer modeling techniques; the performance of the ClearSign Core™ M1 and its ability to outperform other burner technologies currently available in the market, including, but not limited to, in NOx emission reduction capabilities and overall efficiency; the Company's ability to leverage the positive results of its installed ClearSign Core™ M1 into additional sales in the process heater and boiler segments; any changes to the regulatory landscape for decarbonization efforts, including related to federal funding and grants, across industries; the performance of the Company's computer modeling technique and its ability to reduce greenhouse gas emissions and design new technologies; 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, as well as its "M" process burner series, in the markets the Company operate and sell its products in; the Company's ability to successfully manufacture and supply its burner products timely; the Company's ability to further expand into other geographic markets; the performance of the Company's flex fuel hydrogen capable burner; the Company's ability to further expand the sale of ultra-low NOx process and boiler burners, including the flex fuel hydrogen capable burner; 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
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SOURCE ClearSign Technologies Corporation
FAQ
When will ClearSign Technologies (CLIR) deliver the new M1 process burner to the Colorado facility?
What are the key performance benefits of ClearSign's (CLIR) M series process burners?
Where will the new ClearSign Core™ M1 burner (CLIR) be installed?
How many installations of ClearSign's (CLIR) M series technology are there in the midstream market?
