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ClearSign Technologies Corporation Announces First Quarter 2020 Results
SEATTLE, June 16, 2020 /PRNewswire/ -- ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial
About this update from Clearsign Technologies Corporation
[{"type":"text","content":"SEATTLE, June 16, 2020 /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 on March 31, 2020. \n\n \n \n \n \n \n \n\n \n\"I am very encouraged that the commercial development programs for our technologies are starting to come to fruition,\" said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. \"We are seeing increasing market traction from industry leaders and orders coming in from our collaboration partners which is both inspiring and gratifying. In the near future we look forward to launching our sensing technologies and expanding our product diversification. In the coming months, we anticipate further expanding our collaboration partnerships and in doing so accelerating the rate at which our technologies are accepted and adopted in the industry and we also look to forward to completing our certifications in China. These are exciting times for ClearSign.\"\nRecent strategic and operational highlights during and subsequent to the first quarter 2020 include:\nReceived Multi-Unit Process Burner Order from ExxonMobil: - The test comprised of a multi-burner process heater and burners incorporating breakthrough ClearSign Core™ NOx reduction technology. The order is the final step in the Company's process of validating ClearSign Core's superior NOx emissions technology. Received Multi-Flare Order from ASHCOR: The flares were sold by International Combustion and Controls, a Division of California Boiler, and validates the Company's 'Asset Lite' commercialization strategy by including ClearSign technology as 'ClearSign Core' in established equipment supplier's products. Announced Sensing Development Contract with Global Aerospace Company: The contract will include the testing and demonstration of ClearSign's sensing technology in the unique environmental conditions experienced by aerospace technologies. The ultimate goal of the project is to develop a series of commercial sensing products to benefit a wide range of aerospace fleet and military applications. Launched the ClearSign Eye™ commercial development program: This pilot sensor has been designed to se...