Business
ClearSign Technologies Corporation Provides Fourth Quarter and Full Year 2020 Update
SEATTLE, March 23, 2021 /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 23, 2021 /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 provided an update on operations for the fourth quarter and year ended on December 31, 2020. The Company will disclose its full financial results in the Annual Report on Form 10-K to be filed with the U.S. Securities and Exchange Commission in the coming weeks and, as a result, all numbers are preliminary.\n\n \n \n \n \n \n \n\n \n\"We have made significant strides towards the commercial development and deployment of our technologies this past year,\" said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. \"We continue to execute on our strategy of developing our business with collaborative partnerships both in the USA and abroad, as well as expanding our installation base across the industry. We look forward to completing upcoming key milestones across our business lines in the coming months, and selling our technologies across the globe,\" concluded Dr. Deller. \nRecent strategic and operational highlights during and subsequent to the fourth quarter and full year 2020 include:\nSuccessfully Installed a Multi-Unit Process Burner Order for Major Energy Infrastructure Company: The installation is made up of three burners in an existing process heater at a California storage and transportation terminal. The burners were sold by ClearSign's channel affiliate, California Boiler, who were a subcontractor to the overall project management company, R. A. Nichols Engineering.\nCompleted the Performance Testing and Application for Firetube Boiler Burner Certification in China and Signed a Collaboration Framework Agreement (CFA) with Jiangsu Shuang Liang Boiler Co. Ltd: The Company completed the government performance testing required for their 2-ton fire tube boiler burner to be sold in the Chinese market. The performance testing results have been submitted along with the required documentation for certification in China. Assuming the certification is granted, the Company can then produce, market and sell the burners in the Chinese market. Additionally, the Company signed a non-binding CFA agreement with Jiangsu Shuang Liang Boiler Co. Ltd ...