Business
ClearSign Technologies Corporation Provides Full Year 2021 Update
TULSA, Okla., April 6, 2022 /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":"TULSA, Okla., April 6, 2022 /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 fourth quarter and full year ended December 31, 2021.\n\n \n \n \n \n \n \n\n \n\"This past year we have developed and launched our primary technologies, added to and strengthened our strategic partnerships, and won some major customer orders; providing a great foundation for our future business growth,\" said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. \"We are growing our installed base of process burners and are winning larger commercial projects. We developed and launched a boiler burner line with performance meeting the most stringent emission regulations in the California market, and we look forward to growing our business there. Additionally, we have developed strategic partners in China with whom we can get our product lines certified and launched, and with the potential to scale in the future,\" continued Dr. Deller. \"Overall, we have built the framework of a growing commercial business and we look forward to gaining momentum as our technology becomes more established and mainstream.\"\nRecent strategic and operational highlights during and subsequent to the full year of 2021 include:\nAnnounced two Multi Heater Projects for Major National Refiners: The Company received an order which consists of engineering, drafting and CFD (Computational Fluid Dynamics) modelling of ClearSign Core burners operating in the destination heaters. The following phases of this project are expected to include a physical \"first article\" full size burner demonstration, then the supply of twenty burners to be installed in the California refinery heaters. Additionally, the Company received a purchase order from a Fortune 500 national refiner in connection with the first phase of the project to retrofit two process heaters with eight ClearSign Core™ burners each to be installed in their Midwest refinery. \nSuccessfully Installed a Process Burner Order for a Super Major's European Refinery: The project consisted of engineering, fabrication, conducting a witness test and finally installing a replac...