SEATTLE, Nov. 12, 2019 /PRNewswire/ -- ClearSign
Combustion Corporation (Nasdaq: CLIR) ("ClearSign" or the
"Company"), an emerging leader in industrial combustion and sensing
technologies that improve energy, operational efficiency, safety
and dramatically reduce emissions, announces that the Company has
changed its name to ClearSign Technologies Corporation effective
today, November
12th. The Company's ticker "CLIR" will
remain the same. The Company will be rolling out a new
corporate website in the coming weeks. The new website will
continue to be found at www.clearsign.com.
This name change is the next step in the evolution of the
Company and is a better descriptor of what the Company provides:
technology solutions. The ClearSign CoreTM
technology is an advancement which provides best-in-class NOx
emissions while also enhancing performance characteristics.
The Company's sensing technologies have diverse applications to a
broad group of industries extending beyond those related to
industrial combustion.
"The reasons and timing for the name change are multifold," said
Jim Deller, Ph.D, CEO of
ClearSign. "First off, we are a technology company. We
provide technological enhancements and solutions to our
customers. Secondly, our go-to market strategy emulates a
technology company in the fact that our technology is embedded into
established manufacturer's products in the form of ClearSign
Core. Thirdly, we are just beginning to rollout our sensing
offerings, which will be included in some current projects. This
product line provides technological advancements that have a wider
application than just to our traditional market of combustion."
The Company is hosting a call tomorrow, November 13, at 5:00pm
ET (2:00pm PT) and will
discuss this and the Company's developments in more detail.
Investors interested in participating on the live call can dial
1-866-372-4653 within the U.S. or 1-412-902-4217 from abroad.
Investors can also access the call online through a listen-only
webcast at https://www.webcaster4.com/Webcast/Page/987/32132 or on
the investor relations section of the Company's website at
http://ir.clearsign.com/overview.
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 CoreƤ, and ClearSign EyeƤ 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.
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, that 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 adopted 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
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 Technologies Corporation