TULSA,
Okla., Aug. 1, 2023 /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 the hire of
seasoned industry executive Ms. Tina Oby
Unachukwu as Director of Customer Relationships and Business
Development.
"We are delighted to have Tina join our team, adding her
leadership and expertise to enhance our sales, marketing and
business development operations at this pivotal time for
ClearSign," said Jim Deller, Ph.D.,
Chief Executive Officer of ClearSign. "As we complete and start up
more significant customer orders for both of our major product
lines, which help establish additional credible operating
commercial references, we have also sought to enhance our strategic
sales and marketing operations to expand the adoption of our
products and future sales pipeline. After an extensive search, we
are very pleased to announce that in hiring Tina we have been able
to find and attract an outstanding addition to ClearSign
leadership. Tina brings well proven and diverse skills in these
areas, including a stellar record of expanding business footprints
and growing sales. That combined with her entrepreneurial
drive makes her an exciting addition to our team here at ClearSign
and I look forward to working with her at this critical phase of
our commercial development," concluded Dr. Deller.
Ms. Unachukwu brings a background in sales, operations and
business development with over 20 years' experience capitalizing on
business growth opportunities across a broad range of
sectors. Ms. Unachukwu joins the Company from Baker Hughes
where she held various roles since 2014, most recently Global
Product Management Director where she managed $1.25B in portfolio revenue, the majority from
the U.S Market. In 2022 under her tenure, she attained over
$500mm in new business. From 2018-2021 Ms. Unachukwu held the
role of Region Product Line Operations Director and achieved over
$300mm portfolio business growth by successfully expanding the
region growth from six to 11 countries. Prior to that she was
a Business Line Manager for West
Africa and grew the product line exponentially in the
region, received wins rates of over 75% and grew the portfolio from
$100mm to $300mm. From 2010-2014 Ms. Unachukwu was at
GE/Improchem PTY and held the roles of Sales Manager and Business
Development Manager of Upstream and Downstream. Additionally,
Ms. Unachukwu held the role of accounts manager at Nalco Energy
Services. She holds a B.A. and a M. Tech from The Federal
University of Oweri and an MBA from Enugu University Business
School.
In connection with Ms. Unachukwu's hire, on July 31, 2023, the Company, granted non-qualified
stock options to purchase an aggregate of 150,000 shares of its
common stock. The options were approved by the compensation
committee of the Company's board of directors and were granted as a
material inducement to Ms. Unachukwu's entering into
employment with the Company in accordance with Nasdaq Listing Rule
5635(c)(4).The options have an exercise price of $1.31 per share,
which is equal to the closing price of the Company's common stock
on the July 31, 2023. The options will vest in three equal
installments, with one third of the options vesting on the grant
date, and each remaining third of the options will vest on the
second and third anniversaries of the grant date, respectively,
subject to Ms. Unachukwu's continued employment with ClearSign on
such vesting dates.
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 on the Company's
strategy, plans, intentions, performance, or future occurrences or
results, 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, except as may be required by law,
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:https://www.prnewswire.com/news-releases/clearsign-technologies-corporation-announces-hire-of-tina-oby-unachukwu-as-director-of-customer-relationships-and-business-development-301890211.html
SOURCE ClearSign Technologies Corporation