Continuation of Project from Engineering
Order
TULSA,
Okla., Nov. 27, 2024 /PRNewswire/ -- ClearSign
Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the
"Company"), an emerging leader in industrial combustion and sensing
technologies that support decarbonization, improve
operational and energy efficiency, enable the use of hydrogen as a
fuel and enhance safety while dramatically reducing emissions,
announces that it has received the follow-on purchase order to
retrofit four process heaters with a total of 26 ClearSign Core™
burners from engineering and heater manufacturer
Birwelco USA Inc. (a BIH Group company) as the next phase
of the project to be installed in the Gulf Coast facility of a
Fortune 500 global chemical company.
"We are happy to report that we have now received the purchase
order for the equipment manufacture and supply, which is the major
portion of this project. This is the largest order received by
ClearSign to date, both in terms of the number of burners and the
order value," said Jim Deller, Ph.D., Chief Executive Officer
of ClearSign. "We previously announced the start of this project
with the engineering order back in July and the initial phase of
this project, including computational flow simulations and detailed
engineering, is proceeding well. With the receipt of this new
purchase order, we can look forward to manufacturing and shipping
these burners with our partner Zeeco Inc. and, ultimately, to the
successful completion and startup of this project. This project
will utilize our new flex fuel hydrogen capable burner technology
and is anticipated to provide a very high profile reference for us
in the US Gulf Coast when operational."
The process burner order was received from
Birwelco USA Inc. for installation in a Gulf Coast
facility in Texas of global multifaceted chemicals
company. The Company expects the project to be rolled out in
phases, resulting in the final delivery of the burners to be early
in the second half of 2025.
About ClearSign Technologies Corporation
ClearSign Technologies Corporation designs and develops products
and technologies for the purpose of decarbonization and improving
key performance characteristics of industrial and commercial
systems, including operational performance, energy efficiency,
emission reduction, safety, the use of hydrogen as a fuel 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 the Company's control, which could cause actual results to
materially differ from such statements. Such risks, uncertainties
and other factors include, but are not limited to: the performance
of the Company's burners, including related fuel and electricity
savings and its ability to lower NOx emissions; the Company's
ability to successfully deliver, install, and meet the performance
obligations of the Company's products, including process
burners, boiler burners and flare products, in the markets the
Company operate and sell its products in; the Company's ability to
successfully manufacture and supply its burner products
timely; the Company's ability to further expand into other
geographic markets; the performance of the Company's flex fuel
hydrogen capable burner and subsequent industry interest following
its utilization; the Company's ability to further expand the sale
of ultra-low NOx process and boiler burners, including the flex
fuel hydrogen capable burner; the Company's ability to successfully
perform engineering orders and performance optimization processes
included therein; general business and economic conditions; the
performance of management and the Company's employees; the
Company's ability to obtain financing, when needed; the Company's
ability to compete with competitors; whether the Company's
technology will be accepted and adopted and other factors
identified in the Company's Annual Report on Form 10-K filed with
the U.S. Securities and Exchange Commission and available
at www.sec.gov and other factors that are detailed in the
Company's periodic and current reports available for review
at www.sec.gov. Furthermore, the Company operates 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. The
Company disclaims any intention to, and, except as may be required
by law, undertakes no obligation to, update or revise
forward-looking statements to reflect events or circumstances that
subsequently occur or of which the Company hereafter become
aware.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/clearsign-technologies-corporation-receives-follow-on-purchase-order-for-26-process-burners-for-texas-petrochemical-facility-302317317.html
SOURCE ClearSign Technologies Corporation
