The burner was sold for about 90 million BTU/hr , almost twice the size of its previous greatest single burner. This sale allows the company to demonstrate items built for the small, medium and big size ranges in the field. The company plans to deliver the burner in the third quarter of 2024. In the quarter ended Mar 31, 2024, the company received two further purchase orders to finish the entire engineering of burners for the conversion of two more process heaters at the California refinery, bringing the to ...

Core Viewpoint - ClearSign Technologies Corporation has announced a significant sale of a burner from its horizontally fired process burner product line, marking a milestone in its operational capabilities and market reach [1][11]. Company Overview - ClearSign Technologies Corporation specializes in industrial combustion and sensing technologies aimed at enhancing energy efficiency, operational performance, and safety while significantly reducing emissions [1][11]. - The company’s patented technologies, including ClearSign Core™ and ClearSign Eye™, are integrated into established OEM products and serve various markets such as energy, commercial/industrial boiler, chemical, petrochemical, transport, and power industries [11]. Recent Developments - The burner sold is the largest to date for ClearSign, with a capacity of nearly 90 million BTU/hr, which is almost double the size of its previous largest single burner [11]. - This sale was made in collaboration with Devco Process Heaters, targeting the midstream market, which is expected to introduce ClearSign's solutions to new customers and expand its sales channels [11][7]. Partner Company Information - Devco Process Heaters, based in Tulsa, OK, has been operational for 25 years and has installed over 200 heaters globally [8]. - DPH offers a range of heating solutions, including direct fired and cabin style heater designs, and has recently expanded its capabilities to include piping and skid design, small storage vessels, and on-site commissioning [8].

TULSA, Okla., June 20, 2024 /PRNewswire/ -- ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial combustion and sensing technologies that improve energy, operational efficiency and safety while dramatically reducing emissions, announces that clirSPV LLC ("clirSPV") exercised its participation right (as modified from time to time, the "Participation Right") that was granted to clirSPV pursuant to the terms of that certain Stock Purchase Agreement, ...

Exhibit 99.2 Event Name: ClearSign Technologies First Quarter 2024 Conference Call Event Date: Thursday, May 23, 2024, 5:00 p.m. Eastern Time Officers and Speakers Matthew Selinger; Firm IR Group Brent Hinds; Chief Financial Officer Jim Deller; Chief Executive Officer Operator: Good afternoon, and welcome to the ClearSign Technologies First Quarter 2024 Conference Call. And I would now like to turn the conference over to Mr. Matthew Selinger of Firm IR Group. Thank you. Please go ahead. Matthew Selinger: Go ...

ClearSign Technologies Corporation (CLIR) provides updates on first-quarter 2024 operations prior to hosting its investors' call. During the quarter ended on Mar 31, 2024, the company received two further purchase orders to finish the entire engineering of burners for the conversion of two more process heaters at the California refinery, bringing the total to four burners. This initial engineering is expected to be followed by purchase orders for burner manufacturing and supply. ClearSign Technologies also ...

ClearSign Technologies Corporation (NASDAQ:CLIR) Q1 2024 Earnings Conference Call May 23, 2024 5:00 PM ET Company Participants Matthew Selinger - IR Brent Hinds - CFO Jim Deller - CEO Operator Good afternoon, and welcome to the ClearSign Technologies First Quarter 2024 Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded. And I would now like to turn the conference over to Mr. Matthew Selinger of Firm IR Group. Thank you. Please go ...

TULSA, Okla., May 23, 2024 /PRNewswire/ -- ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial combustion and sensing technologies that improve energy, operational efficiency and safety while dramatically reducing emissions, today provides an update on operations for the quarter ended March 31, 2024. "We ended 2023 carrying some commercial momentum and that has carried into the current year," said Jim Deller, Ph.D., Chief Executive Officer of Cl ...

Core Insights - ClearSign Technologies Corporation has successfully launched a five-burner heater, confirming emissions levels below guarantees, which highlights the effectiveness of its combustion technology [1] - The company has completed the second of two multi-burner heaters for Kern Energy, reinforcing its partnership and validating its technology in the California market [2][3] Company Overview - ClearSign Technologies focuses on improving operational performance, energy efficiency, emission reduction, safety, and cost-effectiveness through its patented technologies, including ClearSign Core™ and ClearSign Eye™ [4] - The company operates in various markets, including energy production, refining, commercial/industrial boilers, and petrochemicals [4] Partner Insights - Kern Energy, an independent refiner, has collaborated with ClearSign to enhance its clean fuel technologies, contributing to California's clean air goals [3][5] - The partnership has resulted in the installation of two heaters with a total of 13 burners, showcasing the ongoing commitment to reducing environmental impact [3]

Research and Development Table of Contents G&A expenses for the three months ended March 31, 2024, decreased $242 thousand, or 14.7%, when compared to the same period in 2023. This favorable year-over-year difference in G&A expenses is primarily comprised of $187 thousand for vesting of restricted stock units triggered by the departure of a Board member during the prior year comparable quarter. Net Loss At March 31, 2024, our cash and cash equivalent balance totaled $4,624 thousand compared to $5,684 thousa ...

TULSA, Okla., April 30, 2024 /PRNewswire/ -- ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial combustion and sensing technologies that improve energy, operational efficiency and safety while dramatically reducing emissions, today announces the receipt of two purchase orders to complete the detailed engineering of burners for the fitting of two additional process heaters in a California refinery for a total of four burners. "We are grateful an ...