TULSA, Okla., April 24, 2024 /PRNewswire/ -- ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial combustion and sensing technologies that improve energy and operational efficiency, and safety while dramatically reducing emissions, today announces that David Maley has been appointed to its Board of Directors (the "Board") to fill the independent director vacancy in the Board and to the Board's Audit & Risk Committee. David Maley brings forty year ...

Financial Data and Key Metrics Changes - For Q4 2023, the company recognized approximately $1.3 million in revenues, compared to $50,000 for the same period in 2022, marking a significant increase [12] - Full-year 2023 revenues amounted to $2.4 million, a 642% increase from $374,000 in 2022, driven largely by two ongoing California refinery process burner projects [13] - The net loss for Q4 2023 was approximately $1 million, a favorable decrease of $300,000 compared to Q4 2022 [14] - The full-year net loss was approximately $5.2 million, a decrease of $500,000 from the prior year's loss of $5.8 million, attributed to increased gross profit and sales volume [14][34] Business Line Data and Key Metrics Changes - The gross profit margin for Q4 2023 was 43.9%, a 12.8% increase compared to the prior year, primarily driven by shipments of process burners [33] - The company has completed installations and startups of significant process heaters, which are expected to provide meaningful revenue and serve as references for future projects [20][41] Market Data and Key Metrics Changes - The company has seen increased interest from global refiners and a hydrogen producer, indicating a growing recognition of its technology in the market [23][74] - New regulations in California are expected to influence market dynamics, with similar developments anticipated in Texas, Colorado, and Salt Lake City [28] Company Strategy and Development Direction - The recent capital raise of approximately $9.3 million is intended to bolster the company's balance sheet and support its commercial growth plans [31][35] - The company is focusing on expanding its sales capabilities through partnerships and leveraging third-party consultants to enhance market penetration [76] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning following the successful startup of process heaters, which are expected to change customer perceptions and drive future sales [42][70] - The company anticipates that the successful installations will lead to increased inquiries and sales opportunities, particularly in light of the de facto validation from California's BACT program [72] Other Important Information - The company is in the process of filling an open position on its Board of Directors with a highly qualified independent director [37] - The company has made significant investments in in-house capabilities, including hiring a new Chief Technology Officer to enhance its technological development [46] Q&A Session Summary Question: How much would the pipeline translate into in dollar amounts? - Management refrained from providing specific dollar figures but noted significant developments, including end-user customers requesting ClearSign's inclusion in project evaluations [73][75] Question: Is part of the financing going towards building a sales team internally? - Management indicated that the financing will support expanding the sales team efficiently through partnerships and leveraging third-party relationships [76] Question: How should revenues be expected to ramp in 2024? - Management acknowledged potential lumpiness in revenue distribution but highlighted key milestones related to shipping burners and ongoing boiler burner projects [78]

TULSA, Okla., April 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 year ended December 31, 2023. "We ended 2023 with some commercial momentum and that has carried into the current year," said Jim Deller, Ph.D., Chief Executive Officer of Clea ...

TULSA, Okla., April 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 announced the closing of an underwritten public offering of 4,620,760 shares of its common stock and redeemable warrants to purchase up to an aggregate of 4,620,760 shares of its common stock at a public offering pri ...

Our target markets are greatly affected by air emission regulations and economic conditions. Accordingly, we prioritize our activities in target market segments geographically based on the needs of the local industries and the current and anticipated future requirements imposed by local environmental regulation. Details regarding the localized effect of environmental regulation in the United States are described in the section of this report titled "Our Industry." In general, our immediate regional opportun ...

TULSA, Okla., Feb. 21, 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 ClearSign's partner California Boiler has received a letter of intent for four boilers to be fitted with the ClearSign Core™ (Rogue) burners as well as the purchase order for the first boiler burner of the se ...

TULSA, Okla., Feb. 1, 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 has been invited to present at Integrous Communications Big Hearts, Big Ideas Virtual Investor Conference, which is being held virtually on February 13-15th, 2024. Jim Deller, Ph.D., Chief Executive Officer of ClearSign Clear ...

ClearSign Technologies, Inc. (NASDAQ:CLIR) Q3 2023 Earnings Conference Call November 14, 2023 5:00 PM ET Company Participants Matthew Selinger - Firm IR Group Brent Hinds - CFO James Deller - CEO Conference Call Participants Robert Kecseg - Las Colinas Capital Management Jeff Feinglass - Private Investor Operator Good day, and welcome to the ClearSign Technologies Third Quarter 2023 Conference Call. [Operator Instructions] Please also note that this event is being recorded today. I would now like to turn th ...

UNITED STATES Washington, D.C. 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number 001-35521 CLEARSIGN TECHNOLOGIES CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of i ...

Financial Data and Key Metrics Changes - The company reported revenues of approximately $1 million for the six months ended June 30, 2023, marking the highest reported revenues in its history for any given year or six-month period [3] - For the three months ended June 30, 2023, revenues were $150,000 compared to zero revenues for the same period in 2022 [26] - The net loss for the three months ended June 30, 2023, was approximately $1.5 million, a modest improvement from approximately $1.6 million for the same period in 2022 [28] - The net cash provided by operations for the three months ended June 30, 2023, was approximately $46,000, compared to cash used in the same period last year [27] Business Line Data and Key Metrics Changes - The revenues were predominantly generated from the process burner product line, with significant engineering feasibility studies contributing to the revenue [3] - The company has completed the design and fabrication of three boiler burners, with two in California and one in Texas, marking significant progress in establishing its technology in the market [30][31] Market Data and Key Metrics Changes - The company anticipates that the Texas Gulf Coast region will be the next large market for its products, following its activities in California [37] - In China, the company is working with Shuangliang to promote its technology in regions with new low NOx requirements, indicating a strategic focus on expanding its market presence [40][52] Company Strategy and Development Direction - The company aims to develop a full range of burners to reduce NOx emissions, which is seen as essential for the adoption of hydrogen fuel in industrial heating [32] - The strategic objective includes achieving an installed base and operational time for customers to recognize the efficiency of its NOx controlling solutions [59] - The company is focused on scaling its operations and enhancing its marketing strategies to leverage early adopter opportunities for its new hydrogen-focused burner technology [102] Management's Comments on Operating Environment and Future Outlook - Management highlighted that the second quarter of 2023 was the first cash-positive quarter, excluding capital raises, indicating commercial progress [60] - The management expressed optimism about the early boiler burner orders and installations, viewing them as catalysts for additional orders and increased market awareness [115] - The company is actively pursuing opportunities in China, anticipating certification of its products and engaging with local government officials regarding new air quality standards [61][70] Other Important Information - The company received a Phase II SBIR Grant from the Department of Energy for the development of a 100% hydrogen-capable ultra-low-NOx burner [108] - The company has a collaborative partnership with Narion, which is developing applications of its sensing technology outside of the combustion industry [110] Q&A Session Summary Question: Are the two California burners and the Texas burner expected to be delivered during 2023? - The three orders in process are single burner orders, but there are opportunities for larger multi-burner inquiries in the future [44] Question: What is the involvement of ClearSign in the Narion project? - The grant received by Narion will fund their research and development, with no cash outlay from ClearSign's side, but it will result in a licensing arrangement that provides revenue to ClearSign [47] Question: Is there a possibility of reporting a sales order backlog? - Management indicated that it is challenging to provide an expected number for future sales expectations due to market factors, but they are encouraged by the current order flow [81]