Business
ClearSign Technologies Corporation Announces Full Year 2019 Update
SEATTLE, March 12, 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, March 12, 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 year ended on December 31, 2019. \n\n \n \n \n \n \n \n\n \n\"Since I joined the Company last year, we have made some significant progress commercializing our technologies and executing our strategic business plan,\" said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. \"I am encouraged that we are close to completing and fully launching our process burner and flame sensing product businesses, and in addition we now have diversification with sensing products in different verticals and on separate paths to commercialization. Overall I am pleased to our see our technologies turned into products that we can develop and build on into the future.\"\nRecent strategic and operational highlights during and subsequent to the full 2019 year include:\nRelaunched the ClearSign business model: The goal is to deliver the Company's technology, branded as ClearSign Coreä, to the market through established equipment suppliers. The Company has made substantial progress towards collaboration with multiple channel partners and customers of boiler burners, process heater burners and flare technology. Advanced our key burner technologies: ClearSign Core burner technology now operates like a standard burner with an increased operating range and including the addition of a pilot to light the main flame directly; the need for warm up and transitioning have been eliminated. Created two verticals for our sensing technologies: The Company has developed a flame sensor technology called ClearSign Eye™ that can detect the presence of a pilot flame. The Company will have a commercial version later this year. The second application for this technology is a collaboration with a global aerospace company that 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. Pursued tw...