TULSA, Okla.,
July 13,
2023 /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 announced that the Company's
collaboration partner, Narion has been awarded a $250,000 phase one SBIR (small business
innovation research) grant from the Department of Energy (DOE) to
develop a technology utilizing ClearSign's sensor, which will allow
Narion to enable the efficient and complete combustion of flared
waste gas.
"We are excited to announce this milestone of the application of
our sensor technology into the wide-ranging opportunities outside
of the traditional ClearSign Core low emissions burner technology
and flame sensing applications. Pursuing opportunities like this
was the reason we partnered with Narion, and we congratulate them
on this success," said Jim Deller, Ph.D., Chief Executive
Officer of ClearSign. "This is another example of how we
provide solutions that are critically needed for both the
industry's ability to affordably comply to stringent regulatory
requirements and the global efforts to reduce harmful greenhouse
gas emissions. This technology that Narion is developing with the
use of ClearSign's sensor technology will reduce greenhouse gas
emissions and reduce the carbon emissions of flaring systems, which
is greatly needed in the industry. We look forward to the
advancement of this project, and the following commercialization of
the resulting products."
Narion has been selected for a $250,000 Department of Energy SBIR Phase I grant
titled "Cost Effective Real-Time Flare Gas Characterization for
Optimizing Methane Destruction". Narion, in partnership
with ClearSign, will be developing a novel combustion
characterization sensor that directly determines the operational
parameters to achieve efficient and complete combustion of flared
waste gas. Additionally, the sensor is an enabling technology to
help waste gas capture systems optimize their value proposition by
helping to optimize selective capturing of high value waste
gas.
About ClearSign Technologies Corporation
ClearSign Technologies Corporation designs and develops products
and technologies for the purpose of improving key performance
characteristics of industrial and commercial systems,
including operational performance, energy efficiency, emission
reduction, safety and overall cost-effectiveness. Our patented
technologies, embedded in established OEM products as ClearSign
Core™, and ClearSign Eye™ and other sensing configurations, enhance
the performance of combustion systems and fuel safety systems in a
broad range of markets, including the energy (upstream oil
production and down-stream refining), commercial/industrial boiler,
chemical, petrochemical, transport and power industries. For more
information, please visit www.clearsign.com.
About Narion Corporation
Narion Corporation is at the forefront of creating innovative
solutions for monitoring flammable environments. We harness the
intricate knowledge of flammability and combustion and deploy it
across a diverse array of industries such as aerospace, oil &
gas, and chemical industries. Our technologies are designed to
enhance safety, improve efficiency, and contribute to a more
sustainable future. More information can be found at
www.narioncorp.com.
Cautionary note on forward-looking statements
All statements in this press release that are not based on
historical fact are "forward-looking statements." You can find many
(but not all) of these statements by looking for words such as
"approximates," "believes," "hopes," "expects," "anticipates,"
"estimates," "projects," "intends," "plans," "would," "should,"
"could," "may," "will" or other similar expressions. While
management has based any forward-looking statements included in
this press release on its current expectations on the Company's
strategy, plans, intentions, performance, or future occurrences or
results, the information on which such expectations were based may
change. These forward-looking statements rely on a number of
assumptions concerning future events and are subject to a number of
risks, uncertainties and other factors, many of which are outside
of the Company's control, that could cause actual results to
materially differ from such statements. Such risks, uncertainties
and other factors include, but are not limited to, ClearSign's
ability to successfully develop and commercialize the new sensor
technology in collaboration with Narion, and other factors
identified in the Company's Annual Report on Form 10-K filed with
the Securities and Exchange Commission and available at
www.sec.gov and other factors that are detailed in the
Company's periodic and current reports available for review at
www.sec.gov. Furthermore, ClearSign operates in a competitive
environment where new and unanticipated risks may arise.
Accordingly, investors should not place any reliance on
forward-looking statements as a prediction of actual results. The
Company disclaims any intention to, and, except as may be required
by law, undertake no obligation to, update or revise
forward-looking statements to reflect events or circumstances that
subsequently occur or of which ClearSign hereafter becomes
aware.
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SOURCE ClearSign Technologies Corporation