TULSA,
Okla., Sept. 10, 2024 /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, announces that it has
received a burner order from Exotherm Corporation of Houston, Texas ("Exotherm") for installation
in a heater in Oklahoma for use by
a power generation company.
"We are grateful for this order, and are excited to enter into a
new working relationship with Houston-based heater manufacturer Exotherm,"
said Jim Deller, Ph.D., Chief Executive Officer of
ClearSign. "This order is our first entry into the power
generation market, and also expands our geographic footprint with
our first commercial installation in the state of Oklahoma. We are very encouraged by the
continued interest in this new horizontally fired process burner
product line and the continuing success of our sales strategy of
promoting our burners and solutions to heater OEM's. This
relationship with Exotherm is a new and valued addition to that
network and we look forward to continuing our business relationship
with them."
This order is for a burner to be installed into a bath heater to
heat natural gas for dewpoint control. The burner will be installed
in a process heater in Oklahoma
for a customer in the power generation industry and is expected to
be shipped by the end of the fourth quarter of 2024.
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 Exotherm Corporation
Exotherm is a leader in designing and manufacturing custom-built
fired heaters, which include the Uniflux brand convection heaters.
The staff at Exotherm includes process engineers, experienced
design and controls engineers, and field service technicians
available to troubleshoot and service all Uniflux/Exotherm process
heaters. Exotherm has the ability to design a safe, dependable
heater for nearly any application. Exotherm provides heaters for
applications including thermal fluids, vegetable oils, crude oil,
and regeneration gas. Exotherm is located in Houston, TX. For more information you can
visit: www.exotherm.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, which could cause actual results to
materially differ from such statements. Such risks, uncertainties
and other factors include, but are not limited to: the
Company's ability to successfully deliver, install, and meet the
performance obligations of the Company's burners, including
process burners, in the markets the Company sell products in; the
Company's ability to continue its business relationship with
Exotherm; the Company's ability to timely ship its burners; the
Company's ability to further expand into other geographic markets;
the Company's ability to successfully enter the power distribution
market; the Company's ability to further expand the sale of
ultra-low NOx process and boiler burners; the Company's ability to
successfully perform engineering orders and performance
optimization processes included therein; general business and
economic conditions; the performance of management and the
Company's employees; the Company's ability to obtain
financing, when needed; the Company's ability to compete with
competitors; whether the Company's technology will be accepted
and adopted and other factors identified in the
Company's Annual Report on Form 10-K filed with the U.S.
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, the Company 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, undertakes no obligation to, update or revise
forward-looking statements to reflect events or circumstances that
subsequently occur or of which the Company hereafter become
aware.
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SOURCE ClearSign Technologies Corporation
