SEATTLE, March 10, 2020 /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 announces it has
entered into a technology development contract with a leading
global aerospace company.
The contract activities include the testing and demonstration of
ClearSign's sensing technology in the unique environmental
conditions experienced by aerospace technologies. The contract is a
zero cost arrangement established to enable the mutual assessment
of the performance of ClearSign sensor technology for this
application which will enable increased efficiency and reduced
maintenance of an aerospace fleet. The ultimate goal of the
project is to develop a series of commercial sensing products to
benefit a wide range of aerospace fleet and military
applications.
"This is an exciting development for our sensing technology, and
potentially a very significant diversification outside of
industrial combustion for ClearSign," said Jim Deller Ph.D., Chief
Executive Officer of ClearSign. "We believe that there are
large addressable markets for these technologies and are delighted
to partner with a global aerospace industry leader to establish
this development process."
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.
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