ClearSign Technologies Corporation Receives Purchase Order for Flare for California Project

Rhea-AI Summary

ClearSign Technologies (Nasdaq: CLIR) has secured a purchase order for a flare retrofit from a returning energy company customer in California, following the completion of an engineering order. The flare will be installed at a production facility in the San Joaquin Valley. The equipment is scheduled for fabrication and shipment in Q2 2025.

The company's CEO, Jim Deller, highlighted this order as an indicator of growing opportunities for ClearSign's emissions reduction technologies. Their flaring products and enclosed combustors provide solutions for clean disposal of unusable hydrocarbons, with increasing interest observed in upstream production applications and biofuel sectors.

Positive

• Secured new order from returning customer
• Growing market opportunities in emissions reduction technology
• Expanding presence in California's regulated market
• Increasing interest in flaring products from upstream and biofuel sectors

Negative

• None.

TULSA, Okla., Feb. 27, 2025 /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, following the completion of the engineering order, the Company has received the purchase order for a flare from an energy company for use in California. 

"We are happy to receive this order not only because it is for a returning customer seeking an emissions solution, but also because we believe it is an indication of a growing opportunity for ClearSign and our leading emissions reduction technologies," said Jim Deller, Ph.D., Chief Executive Office of ClearSign. "Our flaring products, and enclosed combustors, are another innovative solution that we can provide to our clients to meet their clear air goals and permitting requirements. To put it simply, they provide a clean means to dispose of unusable hydrocarbons, and we are seeing a resurgence of interest in this product line in the markets we support, particularly in traditional upstream production applications and producers and users of a variety of biofuels."

This order is for the equipment 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; 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; 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 manufacture and supply its burner and flaring products timely; the Company's ability to further expand into other geographic markets; the Company's ability to increase sales of its flaring products and enclosed combusters for use in the markets the Company operate and sell its products in; 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 and flaring products; 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 flare order for California?

The flare equipment is expected to be fabricated and shipped in Q2 2025 for installation in San Joaquin Valley, California.

What type of equipment did ClearSign Technologies (CLIR) receive an order for?

CLIR received an order for a flare retrofit equipment to be installed at a production facility.

Where will the new ClearSign Technologies (CLIR) flare be installed?

The flare will be installed at a production facility in the San Joaquin Valley of California.

What markets show increased interest in ClearSign's (CLIR) flaring products?

Traditional upstream production applications and producers/users of various biofuels are showing renewed interest in CLIR's flaring products.