Clearsign Technologies Corp Stock Price, News & Analysis

ClearSign Technologies (Nasdaq: CLIR) has received an engineering order for a flare from an energy company in California. The order involves initial engineering for a flare retrofit at a production facility in the San Joaquin Valley. The final product is expected to be fabricated and shipped in Q2 2025. The company notes that while flaring applications have been a minor part of their business, market interest is growing. This order comes from a returning customer, suggesting potential market expansion for ClearSign's emissions reduction technologies.

ClearSign Technologies (Nasdaq: CLIR), a leader in industrial combustion and sensing technologies for decarbonization and efficiency, announces its participation in the LD Micro Main Event XVII. CEO Jim Deller, Ph.D., will present on Tuesday, October 29th at 4:00 PM PT/7:00 PM ET at the Luxe Sunset Boulevard Hotel in Los Angeles.

The event, running from October 28th to 30th, will feature approximately 150 companies presenting in half-hour increments and attending private investor meetings. Registration begins at 3:00 PM PT on October 28th, followed by keynotes and a happy hour. Presentations will run from 8:00 AM to 5:00 PM PT on October 29th and 30th.

Interested parties can register to watch the virtual presentation through the provided link to the Sequire Events platform.

ClearSign Technologies (Nasdaq: CLIR) has received a new burner order from Exotherm for installation in a heater at a power generation facility in Turney, Missouri. This marks the second order from Exotherm and expands ClearSign's presence in the power generation market. The burner is expected to be shipped in early 2025.

CEO Jim Deller expressed gratitude for the repeat order, highlighting the success of engineering companies like Exotherm in leveraging ClearSign's burner technology. This order aligns with ClearSign's strategic sales and growth plan, demonstrating continued interest in their horizontally fired burner product line and expanding their geographic footprint.

ClearSign Technologies specializes in industrial combustion and sensing technologies that support decarbonization, improve efficiency, enable hydrogen fuel use, and enhance safety while reducing emissions.

ClearSign Technologies (Nasdaq: CLIR) announces the public release of the California Statewide Gas Emerging Technologies (GET) Report on Boiler Burners. The study, sponsored by Southern California Gas Company, compared ClearSign's ultra-low NOx boiler burner to a conventional one. Key findings include:

1. Material fuel and electricity savings while producing ultra-low NOx levels
2. Capability to achieve lower NOx levels than the baseline burner
3. Higher boiler operating efficiency
4. Fuel savings ranging from 3.3% to 4.7% at different NOx levels
5. Electricity savings ranging from 7% to 25% compared to the baseline burner

The report estimates $80,000 annual savings in California energy costs for a mid-size 500hp boiler, along with a reduction of over 500 tons of CO2 emissions per year.

ClearSign Technologies (Nasdaq: CLIR) has received a burner order from Exotherm for installation in a heater in Oklahoma, marking its entry into the power generation market. This order represents ClearSign's first commercial installation in Oklahoma, expanding its geographic footprint. The burner will be installed in a bath heater to heat natural gas for dewpoint control and is expected to be shipped by the end of Q4 2024.

Jim Deller, CEO of ClearSign, expressed excitement about the new working relationship with Exotherm and highlighted the continued interest in their horizontally fired process burner product line. This order aligns with ClearSign's sales strategy of promoting burners and solutions to heater OEMs, adding Exotherm as a new and valued addition to their network.

ClearSign Technologies (Nasdaq: CLIR) provided an update on Q2 2024 operations, highlighting significant new orders and product development. Key developments include:

1. An initial engineering order for a 26-burner project at a Texas petrochemical facility.
2. Sale of their largest boiler burner to date (90 million BTU/hr) for a Texas gas processing facility.
3. Successful start-up of a second multi-burner heater at Kern Energy.
4. Two additional purchase orders for burner engineering at Kern Energy.
5. Closing of a public offering and private placement, raising approximately $13.6 million in gross proceeds.

The company reported cash and cash equivalents of about $16 million as of June 30, 2024, with 50,205,657 shares of common stock outstanding.

ClearSign Technologies (Nasdaq: CLIR), a leader in industrial combustion and sensing technologies, will host a second quarter 2024 conference call on August 21, 2024, at 5:00 PM ET. The company plans to file its quarterly report on Form 10-Q with the SEC soon and will release a summary of its financial and operating results for the quarter ending June 30, 2024, on the day of the call. Investors can participate via phone or listen to a webcast online. The webcast will be archived on the company's investor relations website for at least 90 days, and a telephonic playback will be available for 7 days after the call.

ClearSign Technologies (Nasdaq: CLIR) has appointed G. Todd Silva to its Board of Directors, effective August 1, 2024. Silva, nominated by clirSPV , brings over 30 years of leadership and finance experience across various industries. He currently serves as the Chief Financial Officer of Radiance Therapeutics, Inc., and has previously held CFO positions at Point Pickup Technologies, Inc. and founded Silva Partnership & Co.

Silva's extensive background includes corporate advisory services, mergers and acquisitions, capital raises, and corporate governance. He holds an MBA from Columbia University and a BS from Lehigh University. ClearSign's CEO, Jim Deller, Ph.D., expressed enthusiasm about Silva joining the board, citing his wealth of experience as valuable for the company's continued expansion and development.

ClearSign Technologies (Nasdaq: CLIR) has received an initial engineering order from Birwelco USA Inc. for a project to retrofit four process heaters with a total of 26 ClearSign Core™ burners at a Gulf Coast facility of a Fortune 500 global chemical company. This marks ClearSign's largest process burner order to date, including computational flow simulations and physical testing for performance optimization.

The project, set to be rolled out in phases, is expected to have final burner delivery around the second half of 2025. This order follows an in-depth evaluation by Birwelco USA, highlighting the growing traction of ClearSign's technologies in the industry. The collaboration between ClearSign, Birwelco USA, and the end-user is seen as a strategic partnership to ensure project success.