ClearSign Technologies Corporation · NASDAQ:CLIR
ClearSign Technologies — ClearSign Combustion — Investor Presentation (June 2015)
18 slides from ClearSign Technologies's investor presentation, June 2015
Slide 1: ClearSign: The Future of Combustion
NASDAQ: CLIR ClearSign The Future of Combustion June 2015
Slide 2: Important Cautions Regarding Forward-looking Statements
Important Cautions Regarding Forward-looking Statements All statements in this presentation that are not statements of historical fact are forward-looking statements, including any projections of earnings, revenue, profit margin, cash or other financial items, any statements of the plans, strategies
Slide 3: CLIR: Investment Highlights
CLIR: Investment Highlights •! Large addressable market •! Transformational technology •! Strong intellectual property •! Successful commercial-scale installations: customer- validated economics •! “Asset-lite” model – license or subcontract •! Proven leadership team with deep industry experience 3
Slide 4: Global Combustion Market
Global Combustion Market Boilers, furnaces and process heaters account for 2/3 of the energy used in U.S. manufacturing1 •! Three major segments: !! Process Combustion: direct-fired applications including air heating of furnaces and kilns, refinery process heat and waste incineration !! Power Genera
Slide 5: Duplex Target Market
Duplex™ Target Market ClearSign is focusing on three Combuston Equipment Market (Annual) near-term high-value applications Process Combustion $ 400 M Enhanced Oil Recovery $ 100 M !! Process Combustion: refinery process Commercial Steam $ 1,400 M heaters Total $1,900 M !! Enhanced Oil Recovery: Once
Slide 6: Transformational Technology
Transformational Technology Duplex is a unique technology that can reduce NOx to below 5 PPM while increasing operational efficiency. !! Reduced emissions: comply with the world’s toughest regulatory standards !! Increased operational efficiency: !! More efficient radiant heat transfer !! Eliminates
Slide 7: Duplex Technology
Duplex™ Technology !"#$%&'()(&*+&,-*$.&/#0(+& 7
Slide 8: Annual Fuel Savings
Annual Fuel Savings Based on a 62.5 Million Btu/hr OTSG $150,000 Annual Savings (USD) $125,000 $100,000 $75,000 $50,000 $25,000 $- 1% 2% 3% 4% 5% Efficiency Improvement $2/Mcf $3/Mcf $4/Mcf $5/Mcf $6/Mcf 8
Slide 9: Duplex fuel savings
Duplex™ fuel savings Duplex™ Fuel Saving Components OTSG 4% 3% Fuel Savings % 678"09:,:-);.-" 2% 8)<:)-+"=,(*.>','-+" 1% 0% 9
Slide 10: Electrodynamic Combustion Control
Electrodynamic Combustion Control™ A high-voltage pulsed electrical field is introduced directly into the combustion region: !! Improves efficiency !! Reduces or eliminates pollution at the source !! Suitable for a wide range of fuel types (solid, liquid, Gas) + 10v + 40,000v ELECTRODES Computer Con
Slide 11: Commercialization Milestones
Commercialization Milestones =-A'(;.-"B"45!C" 45!?" 45!@" > 45!D" Commercial pipeline -> ongoing deal flow Commercial acceptance as an industry game-changer Multiple installations build market Duplex -> confidence Field validation at commercial scale <- ECC Lab-scale testing and proof of concept Res
Slide 12: An "Asset-Lite" Business Model
An “Asset-Lite” Business Model •! Unique value proposition provides strong potential margins (> 50%) •! “Asset – lite” minimum working capital and CapEx requirements •! Simple, cost-effective designs •! Designs allow subcontracting through existing regional partners trusted by customers •! Patented
Slide 13: Strong Intellectual Property
Strong Intellectual Property •! We believe our technologies represent a greenfield opportunity •! We believe we have complete freedom to practice 2015 •! Patent portfolio is expanding rapidly 150+ Patents Pending 3 Patents Granted 2013 100+ Patents Pending 2012 40+ Patents Pending 2010 3 Patents Pen
Slide 14: Market Drivers
Market Drivers •! Environmental Compliance: increasing regulation of NOx and other polllutants across the U.S., Canada, Europe and China •! Operational Efficiency: !! Energy savings !! Increased throughput !! Reduced maintenance and downtime 14
Slide 15: Go-to-Market Strategy
Go-to-Market Strategy •! Flexible design meets customer needs, allowing immediate entry into the value chain •! Well-suited to licensing of technology to existing channels •! Or sub-contracting through established and proven value chain 15
Slide 16: Commercial Installations
Commercial Installations •! Four customer field demonstrations •! Steam Generation: Oil Production (EOR / OTSG) 1.! Aera Energy 2.! OTSG commercial installation •! Process Combustion: Refinery Process Heat 3.! Tricor refining 4.! California petrochemical refinery (diesel) 16
Slide 17: Experienced Leadership Team
Experienced Leadership Team Steve Pirnat Jim Harmon Chief Executive Officer Chief Financial Officer •! CEO, John Zink, div. Koch Ind. • CFO of Sabey Corporation • Managing Dir. EMEA, Quest Integrity Group • CPA at Price Waterhouse Roberto Ruiz, Ph.D. Andrew Lee Chief Operating Officer SVP Business D
Slide 18: CLIR: Key Takeaways
CLIR: Key Takeaways •! Large addressable market •! Transformational technology •! Strong intellectual property •! Successful commercial-scale installations: customer-validated economics •! “Asset-lite” model – license or subcontract •! Proven leadership team with deep industry experience Petrochemic
ClearSign Combustion — Investor Presentation (June 2015) on 6ix