ClearSign Combustion Corp. (NASDAQ: CLIR) designs, develops
and markets technologies that improve key performance characteristics of
combustion systems – including emissions and operational performance, energy
efficiency and overall cost-effectiveness. The company’s patent-pending Duplex™
and Electrodynamic Combustion Control™ (ECC) platform technologies are designed
to dramatically improve the performance of the world’s commercial, industrial
and utility combustion systems. By providing simple retrofit strategies that
are utilized during combustion, ClearSign allows its customers to optimize
performance at a fraction of the cost of more common legacy after-treatment
methods.
The potential market for ClearSign’s products is immense.
Nearly two-thirds of global energy consumption can be attributed to the
combustion of hydrocarbons and other fuels in boilers, furnaces, kilns and turbines.
In the United States, these power generating processes account for more than 50
quadrillion British thermal units (BTUs) of energy each year. As a result of
this scale, even modest increases in efficiency can lead to massive savings
across a broad range of markets – including the chemical, petrochemical,
refinery, power and commercial boiler industries.
In the first quarter of 2015, ClearSign achieved several
significant commercial milestones that could set the stage for considerable
industry growth in the future. In particular, the company validated the
effectiveness of its Duplex technology by demonstrating a meaningful reduction
in energy consumption in a field demonstration at Aera Energy in California.
Following these results, the company was invited to present its technical
results to environmental regulators in Texas, providing a platform upon which
to expand its market share in the Lone Star State, which currently refines more
than one quarter of the nation’s gasoline. The company also presented its
technology to experts from the American Petroleum Institute (API) in April.
“The refinery and petrochemical segment is a significant
market opportunity for ClearSign,” Steve Pirnat, chairman and chief executive
officer of ClearSign, stated in a news release. “We are very encouraged by the
positive feedback we received from the API membership and also believe that
successful installations at the two refinery projects already in our trial
order backlog will build further confidence and interest in Duplex technology
for refinery applications.”
For prospective investors, ClearSign’s recent progress
toward industry growth could foreshadow an opportunity for the company to
realize improved financial results in the months to come. Look for ClearSign to
leverage the strong performance of its proprietary technologies in order to
promote sustainable returns moving forward.
For more information, visit www.clearsign.com
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MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
