SEATTLE, Feb. 20, 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 changes to its
Board of Directors.
On February 13, 2020, as he
intended when he first agreed to serve on the Board, James M. Simmons resigned as a director of the
Company to re-focus his resources on his other obligations.
Mr. Simmons' resignation was not due to a disagreement on any
matter relating to the Company's operations, policies or
practices. On the same date, the Company's Board of Directors
appointed Colin James Deller, the
Company's Chief Executive Officer, as a director.
"On behalf of ClearSign and the Board I want to thank Jim for
stepping up to the task and joining the Board for the past
year. His frank guidance, drawn from decades of experience,
has been well received and aided us through a time of important
upgrades relating to Board composition and management talent
as well as commercialization strategy," said Robert T. Hoffman, Chairman of the Board of
ClearSign.
"I had two goals when I joined ClearSign's board. First, I
wanted to make sure we had the right leadership in place and
second, that there was a cohesive commercialization strategy to
market the Company's game changing technologies," said Jim Simmons, retiring Board Member of
ClearSign. "I believe that with Jim
Deller's industry experience, the Company has accomplished
both goals with Jim's appointment as CEO. It only makes sense
that Jim takes a place on the Board. I am confident that the
Company is in a better position from when I joined and I look
forward to seeing the continued progress."
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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/clearsign-technologies-corporation-announces-board-changes-301008719.html
SOURCE ClearSign Technologies Corporation