SEATTLE, June 5, 2019 /PRNewswire/ -- ClearSign
Combustion Corporation (Nasdaq: CLIR) ("ClearSign" or the
"Company"), an emerging leader in industrial combustion
technologies that improve energy and operational efficiencies while
dramatically reducing emissions, today announced that the Company
has signed a new, updated and expanded Memorandum of Understanding
(MOU) with a heating district in Beijing, China.
This MOU supplements the previously announced agreement from May
of 2017, and expands the scope of the collaborative project.
This project, with one of China's largest providers of
residential and commercial heating services, is to run pilot tests
with the goal of demonstrating ClearSign's combustion technology as
a candidate to achieve ultra-low emissions levels in both firetube
and watertube boilers.
Under the terms of the MOU, the heating district agrees to work
with ClearSign to both install and to demonstrate ClearSign's
innovative technology in its boilers. The parties are
focusing on specific classes of boilers for testing and
demonstration of ClearSign's boiler burner technology. The project
is a joint collaboration, with ClearSign responsible for the design
and fabrication of the combustion technology and overseeing the
installation. Upon successful completion of the pilot
demonstrations with results meeting agreed upon specifications, the
parties have agreed to negotiate a subsequent definitive agreement
to retro-fit multiple boilers within the district's
operational footprint and to discuss other forms of cooperation.
"I recently returned from a trip to China where, along with Manny Menendez, the president of our subsidiary,
ClearSign Asia Ltd., we met with partners and prospects in the
region," said Jim Deller Ph.D., Chief Executive Officer of
ClearSign. "Based on my experience and the interactions that we
had, I continue to believe that this market is an incredible
opportunity for our technology. It was evident to me during the
course of our meetings with the heating district management, that
they are enthusiastic about the prospects of utilizing ClearSign
technology to aid with their clean air goals. While the
district has installed a number of catalytic systems and flue gas
recirculation systems to reduce NOx emissions, line engineers I
spoke with are anxious for a solution that eliminates the need for
these operationally expensive and complex systems, and they are
encouraged by the technology we have demonstrated and look forward
to continuing the process of mutual cooperation to efficiently
obtain the necessary lower target emission levels."
"When we signed the initial MOU back in 2017, we had not yet
developed a system that would achieve the needed NOx reduction
performance in a fire-tube boiler. Now that we have such an
offering, and given that there are about four times the number of
fire-tube boilers as compared to water-tube boilers in the heating
district, it is even more encouraging to not only renew the MOU but
expand it to include our fire-tube capabilities," continued Dr.
Deller.
About ClearSign Combustion Corporation
ClearSign Combustion Corporation designs and develops products
and technologies for the purpose of improving key performance
characteristics of combustion systems, including emissions and
operational performance, energy efficiency and overall
cost-effectiveness. Our patented Duplex™, Duplex Plug &
Play® and Electrodynamic Combustion Control™ platform
technologies enhance the performance of combustion systems in a
broad range of markets, including the energy (upstream oil
production and down-stream refining), commercial/industrial boiler,
chemical, petrochemical, and power industries. For more
information, please visit www.clearsign.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, 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 our
control, which could cause actual results to materially differ from
such statements. Such risks, uncertainties and other factors
include, but are not limited to, general business and economic
conditions, the performance of management and our employees, our
ability to obtain financing, competition, whether our technology
will be accepted and other factors identified in our Annual Report
on Form 10-K filed with the Securities and Exchange Commission and
available at www.sec.gov and other factors that are to be detailed
in our periodic and current reports available for review at
www.sec.gov. Furthermore, we operate 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. We disclaim any intention to, and
undertake no obligation to, update or revise forward-looking
statements to reflect events or circumstances that subsequently
occur or of which we hereafter become aware.
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SOURCE ClearSign Combustion Corporation