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ClearSign Combustion Corporation Announces Second Quarter 2019 Results
SEATTLE, Aug. 14, 2019 /PRNewswire/ -- ClearSign Combustion Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial
About this update from Clearsign Technologies Corporation
[{"type":"text","content":" SEATTLE, Aug. 14, 2019 /PRNewswire/ -- ClearSign Combustion Corporation (Nasdaq: CLIR) (\"ClearSign\" or the \"Company\"), an emerging leader in industrial combustion technologies that improve energy and operational efficiencies while dramatically reducing emissions, today announces its results for the quarter ended June 30, 2019 and will host a conference call at 5:00 PM ET.\n\n \n\"I am pleased and encouraged at the pace in which we are moving towards commercialization,\" said Jim Deller Ph.D., Chief Executive Officer of ClearSign. \"The feedback that we are receiving from channel partner visits has been very positive and we were pleased to announce our first collaborative supply agreement with ASHCOR LLC in June. We will continue to execute our commercialization strategy and keep optimizing our technology and resources to support our anticipated transition to commercial operations. I believe we are beginning to see the foundations for a change in trajectory.\"\nRecent strategic and operational highlights during and subsequent to the second quarter of 2019 include:\nRolled out strategic plan for commercialization of ClearSign Technology: The strategy is comprised of optimizing the technology, focusing on the launch of select high priority products and pursuing collaborative channel partners to deliver ClearSign's technology to customers. Integral to this, the Company branded and designated its technologies \"ClearSign Core\" for established equipment supplier products. During, and after the quarter, the Company met with, and demonstrated its suite of technologies to, multiple channel partners and customers of boiler burners, process heater burners and flare technology. Entered into a collaborative agreement with ASHCOR LLC with the goal of developing and growing the Company's business in the flare/incinerator vertical: This agreement combines ClearSign's technology and ASHCOR's expert flare knowledge, business infrastructure and manufacturing capabilities. The agreement covers both forced air flares and vapor combustor systems as well as natural draft flares. Signed a new, updated and expanded Memorandum of Understanding (MOU) with a heating district in Beijing, China: This MOU supplements the previously announced agreement from May of 2017, and expands the scope of the collaborative project. This project, with one of China's...