Clearsign Technologies Corp Stock Price, News & Analysis

ClearSign Technologies Corporation (Nasdaq: CLIR) reported updates on its operations for Q3 2021, highlighting progress in commercialization and product development. The Company received a significant purchase order for a multi-heater project from a Fortune 500 national refiner. Additionally, they fabricated a redesigned 2500hp water tube boiler burner and successfully demonstrated a 500hp boiler burner delivering sub 2.5ppm NOx. The Company had cash reserves of $8.84 million as of September 30, 2021, with 31,574,704 shares outstanding.

ClearSign Technologies Corporation (Nasdaq: CLIR) announced a significant purchase order from a Fortune 500 national refiner for a project to retrofit two process heaters with ClearSign Core™ burners at their Midwest facility. The project consists of three phases: the initial order includes one burner, with future phases planned for additional burners. This order marks ClearSign's largest process burner project to date and is expected to enhance process throughput while significantly reducing NOx emissions. ClearSign's technology is gaining recognition in the industry, promising improved refining productivity.

ClearSign Technologies Corporation (Nasdaq: CLIR) announced a conference call scheduled for November 23, 2021, at 5:00 PM ET to discuss its financial results for the third quarter ending September 30, 2021. The quarterly report will be filed with the SEC shortly before the call. Investors can participate via phone or a live webcast. The call will be archived for later access. ClearSign focuses on industrial combustion and sensing technologies aimed at enhancing efficiency and safety while reducing emissions.

ClearSign Technologies Corporation (Nasdaq: CLIR) announced the hiring of Brent Hinds as Vice President and Controller, who will also serve as the Company's principal accounting officer and treasurer. Hinds brings significant experience, previously serving as VP of Finance at Enovation Controls, managing $120 million in revenues and $600 million in assets. CEO Jim Deller expressed confidence in Hinds' technical expertise and entrepreneurial spirit, emphasizing the importance of enhancing the company's accounting and finance capabilities during a critical time of growth focused on environmental solutions.

ClearSign Technologies Corporation (Nasdaq: CLIR) reported a mix of progress and challenges in its second quarter update for 2021. The company highlighted advancements in its burner technologies, including successful demonstrations and installations for major clients. Notably, ClearSign's burner performance can guarantee low NOx emissions under various conditions. As of June 30, 2021, cash and equivalents stood at approximately $10.6 million, with 31.5 million shares outstanding. ClearSign also joined the Russell Microcap® Index, enhancing its market presence.

ClearSign Technologies Corporation (Nasdaq: CLIR) has received a verbal notification from ExxonMobil to pause the testing of its ClearSign Core™ process burners at the Baytown, Texas refinery. This decision results from insufficient time to integrate the technology into the refinery's planned 2022 turnaround. CEO Jim Deller expressed disappointment, noting the company had anticipated completing the final product demonstration and installation, which were expected to showcase significant reductions in NOx emissions. An investor call is scheduled for September 8, 2021, to discuss further developments.

ClearSign Technologies Corporation (Nasdaq: CLIR) will host a conference call on September 8, 2021, at 5:00 PM ET to discuss its financial and operating results for the quarter ending June 30, 2021. The quarterly report will be filed with the SEC, followed by a press release summarizing key financials. Investors can participate via phone or listen online through a webcast. ClearSign focuses on enhancing combustion and sensing technologies to improve energy efficiency and reduce emissions across various industries.

ClearSign Technologies Corporation (Nasdaq: CLIR) announces the sad passing of its Chief Financial Officer, Brian Fike, on July 30, 2021. The company expressed deep condolences to his family and recognized his significant contributions during his tenure. CEO Jim Deller acknowledged the impact of Fike's loss on the team. Despite this tragedy, ClearSign's current management and Board of Directors will continue to lead the company, with succession planning already in progress. ClearSign focuses on enhancing operational performance and reducing emissions in various industrial sectors.

ClearSign Technologies Corporation (Nasdaq: CLIR) reported operational updates for Q1 2021, highlighting significant advancements in the adoption of its combustion technologies. Key achievements include a successful performance demonstration for a supermajor European project, installation of burners at a California energy facility, and certification for fire tube boiler burners in China. The company recognized $363,000 in revenue during the quarter and had approximately $10.7 million in cash and equivalents by March 31, 2021. ClearSign continues to build strategic partnerships to enhance its market presence.