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]

As filed with the Securities and Exchange Commission on May 20, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CLEARSIGN TECHNOLOGIES CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Delaware 3823 26-2056298 (I.R.S. Employer Identification No.) 8023 East 63 Place, Suite 101 Tulsa, Okl ...

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 ...

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 ...