SEATTLE, May 14, 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, announces that the Company
has received an order from our collaborative partner ASHCOR for
ClearSign Core flare technology systems (branded "pods") to build
into four ultra low NOx emission produced gas flares destined for a
Southern California
operator. The flares were sold and will be installed by our
mutual channel affiliate International Combustion and Controls, a
Division of California Boiler.
"We are encouraged to have received this order and to see the
culmination of our collaborative efforts start to gain traction in
this market," said Jim Deller, Ph.
D, CEO of ClearSign. "ASHCOR was our first commercial alliance and
it is great to see the new ClearSign business model
successful. This collaborative effort demonstrates our 'Asset
Lite' commercialization strategy by including ClearSign technology
as 'ClearSign Core' in established equipment suppliers products
with ASHCOR as our flare business partner and International
Combustion and Controls delivering the final solution to our
customer not only as the supplier of equipment but providing full
service as the installer. We commend and thank both companies
for their commitment to better serve our mutual customers, and for
working together with us to provide leading environmentally
friendly combustion installations. We look forward to growing
this business with both companies as our unique offering gains
traction and industry recognition."
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, the
performance of our products, 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