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
series, and has in turn placed their order with ClearSign for the
first burner.
"This is the first multi-unit engagement for our newly segmented
Rogue boiler burner product line," said Jim Deller, Ph.D.,
Chief Executive Officer of ClearSign. "We are encouraged by
this development as we are seeing our technology gain traction in
the California market. We believe
that a key factor in this customer's decision was the flexibility
to upgrade to a lower emissions burner in case their emission
requirements become more stringent in the future. We believe that
this ability to upgrade our ClearSign Core (Rogue) boiler burners
to a version enabling lower emissions in the future is a valuable
competitive advantage of our products against the other boiler
burners currently in the market," concluded Dr. Deller.
This order is from a fruit and vegetable multi-juice processing
company located in California's
Central Valley. California Boiler initially received a letter
of intent for the purchase of four 475hp boilers, including
ClearSign Core (Rogue) burners, followed by the first purchase
order in the series of four ordered boilers. The additional
burner orders will be issued concurrent with the construction of
additional planned fruit processing lines of the
customer.
About ClearSign Technologies Corporation
ClearSign Technologies Corporation designs and develops products
and technologies for the purpose of improving key performance
characteristics of industrial and commercial systems,
including operational performance, energy efficiency, emission
reduction, safety and overall cost-effectiveness. Our patented
technologies, embedded in established OEM products as ClearSign
Core™ and ClearSign Eye™ and other sensing configurations,
enhance the performance of combustion systems and fuel safety
systems in a broad range of markets, including the energy (upstream
oil production and down-stream refining), commercial/industrial
boiler, chemical, petrochemical, transport and power industries.
For more information, please visit www.clearsign.com.
Cautionary note on forward-looking statements
All statements in this press release that are not based on
historical fact are "forward-looking statements." You can find many
(but not all) of these statements by looking for words such as
"approximates," "believes," "hopes," "expects," "anticipates,"
"estimates," "projects," "intends," "plans," "would," "should,"
"could," "may," "will" or other similar expressions. While
management has based any forward-looking statements included in
this press release on its current expectations on the Company's
strategy, plans, intentions, performance, or future occurrences or
results, the information on which such expectations were based may
change. These forward-looking statements rely on a number of
assumptions concerning future events and are subject to a number of
risks, uncertainties and other factors, many of which are outside
of our control, that could cause actual results to materially
differ from such statements. Such risks, uncertainties and other
factors include, but are not limited to general business and
economic conditions, our ability to successfully complete
installations of our products, whether the letter of intent sent to
California Boiler results in purchase orders from the customer,
whether changes in greenhouse gas emission control applicable
federal and state laws and regulations, the performance of
management and our employees, our ability to obtain financing,
competition, whether our technology will be accepted and adopted
and other factors identified in our Annual Report on Form 10-K
filed with the Securities and Exchange Commission and available
at www.sec.gov and other factors that are detailed in our
periodic and current reports available for review
at www.sec.gov. Furthermore, we operate in a competitive
environment where new and unanticipated risks may arise.
Accordingly, investors should not place any reliance on
forward-looking statements as a prediction of actual results. We
disclaim any intention to, and, except as may be required by law,
undertake no obligation to, update or revise forward-looking
statements to reflect events or circumstances that subsequently
occur or of which we hereafter become aware.
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SOURCE ClearSign Technologies Corporation