Welcome to our dedicated page for Clearsign Technologies news (Ticker: CLIR), a resource for investors and traders seeking the latest updates and insights on Clearsign Technologies stock.
ClearSign Technologies Corporation (NASDAQ: CLIR) is a Delaware-based company that designs and develops combustion and sensing technologies for industrial and commercial systems. Its news flow, as reflected in recent press releases and SEC 8‑K filings, centers on decarbonization-focused projects, low-emission burner deployments, flare retrofits, hydrogen-capable combustion solutions, and updates on financial performance and Nasdaq listing compliance.
Investors following CLIR news can see announcements about process burner and flare orders for energy producers, refiners, and petrochemical companies, including multi-burner retrofit projects at refineries in California and engineering orders for heaters at U.S. Gulf Coast facilities. The company also reports on ClearSign Core™ “M” Series burner sales through OEM partners such as Devco Process Heaters for gas processing facilities in New Mexico and West Texas, as well as low-emission flare burner projects for energy producers in California’s San Joaquin Valley.
ClearSign’s news releases highlight advanced combustion and sensing technologies that aim to reduce emissions, improve efficiency and safety, and support the use of hydrogen as a fuel. Updates include orders for comprehensive testing of 100% hydrogen-capable burners, CFD analysis and engineering work for multi-burner heater retrofits, and progress on an expanded portfolio of low-NOx burners, flares, and flame sensors.
In addition to project and technology updates, CLIR news covers preliminary financial results, quarterly operating updates, conference call announcements, and participation in investor conferences. The company has also used 8‑K filings to disclose Nasdaq bid price and board composition notices, governance changes, and bylaw amendments. For investors and analysts, the CLIR news page provides an organized view of these operational, financial, and regulatory developments over time.
ClearSign Technologies Corporation (Nasdaq: CLIR) reported significant operational updates for Q2 2020, highlighting a multi-unit order from ExxonMobil and a collaboration with Zeeco to develop ultra-low NOx burners. The company raised approximately $5.18 million through a public stock offering of 2,587,500 shares at $2.00 each. Cash reserves were around $5.7 million as of June 30, 2020. The upcoming burner testing and re-engagement in China are expected to enhance their product offerings and market traction significantly.
ClearSign Technologies Corporation (Nasdaq: CLIR) has successfully closed its underwritten public offering of 2,587,500 shares of common stock at $2.00 per share, including the underwriter’s full exercise of a 337,500 shares over-allotment. The offering generated approximately $5,175,000 in gross proceeds before expenses. Proceeds will be allocated for working capital, research and development, marketing, sales, and other corporate purposes. The offering details were filed with the SEC, with National Securities Corporation acting as the book-running manager.
ClearSign Technologies Corporation (Nasdaq: CLIR) has priced an underwritten public offering of 2,250,000 shares at $2.00 per share, aiming for gross proceeds of $4,500,000. An over-allotment option for 337,500 shares could raise total proceeds to $5,175,000. The offering is set to close on or about August 24, 2020. Funds will be allocated for working capital, research and development, marketing, and general corporate purposes.
ClearSign Technologies Corporation (Nasdaq: CLIR) has entered into a collaboration with Zeeco, Inc. to develop a new line of ultra-low NOx burners for the global oil processing and petrochemical industries. This partnership aims to combine ClearSign's innovative technology with Zeeco's engineering and manufacturing capabilities. Successful completion of a burner validation test at Zeeco's facility is pending. Zeeco, with a robust history of executing over 45,000 projects globally, is a leader in advanced combustion technology.
ClearSign Technologies Corporation (Nasdaq: CLIR) will release its financial results for Q2 2020 on September 15, 2020, alongside a conference call at 5:00 PM ET. This follows the filing of its quarterly report on Form 10-Q with the SEC. The company focuses on improving operational efficiency and reducing emissions through its advanced combustion technologies. Investors can join the call via phone or listen online, with the call archived for 90 days. ClearSign's innovations aim to enhance energy efficiency and safety across various industrial sectors.
ClearSign Technologies Corporation (Nasdaq: CLIR) reported operational updates for Q1 2020, highlighting progress in its commercial development programs. CEO Jim Deller expressed optimism over increasing market traction and orders from collaboration partners. Key achievements include a multi-unit process burner order from ExxonMobil and a multi-flare order from ASHCOR. Additionally, a sensing development contract with a global aerospace company was announced, focusing on creating commercial sensing products. As of March 31, 2020, the company had $7 million in cash and 26,707,261 shares outstanding.
ClearSign Technologies Corporation (Nasdaq: CLIR) has received a purchase order from ExxonMobil for its ClearSign Core™ process burners at the Baytown, Texas refinery. This order follows a successful engineering and qualification program at ClearSign's Seattle facility. The installation highlights ClearSign's innovative NOx reduction technology, marking a significant step in their partnership with ExxonMobil. CEO Jim Deller expressed enthusiasm for advancing this relationship, emphasizing the multi-year collaboration aimed at enhancing operational efficiency and reducing emissions.