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ClearSign Technologies (CLIR) Declares Its Largest Burner Sale
ZACKS· 2024-06-28 00:15
ClearSign Technologies Corporation (CLIR) announced a burner sale from its horizontally fired process burner product range. This is the company's largest boiler burner sale to date.The burner was sold for about 90 million BTU/hr , almost twice the size of its previous greatest single burner. This sale allows the company to demonstrate items built for the small, medium and big size ranges in the field. The company plans to deliver the burner in the third quarter of 2024.In partnership with another heater pro ...
ClearSign Technologies Announces Order of Largest Burner Sold to Date
Prnewswire· 2024-06-26 20:30
From the Horizontally Fired Process Burner Product LineSold By Heater Manufacturer Devco Process HeatersTULSA, Okla., June 26, 2024 /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 a burner sale from the horizontally fired process burner product line."This sale is meaningful for multiple r ...
ClearSign Technologies Announces Full Exercise of Participation Right Granted to clirSPV LLC and Board Transition
Prnewswire· 2024-06-20 20:30
TULSA, Okla., June 20, 2024 /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 clirSPV LLC ("clirSPV") exercised its participation right (as modified from time to time, the "Participation Right") that was granted to clirSPV pursuant to the terms of that certain Stock Purchase Agreement, ...
ClearSign Technologies (CLIR) - 2024 Q1 - Quarterly Results
2024-05-29 04:30
财务表现 - ClearSign Technologies 公司在2023年第四季度实现了约130万美元的收入,同比增长了642%[11] - 公司的全年2023年收入达到240万美元,同比增长了642%[12] - 公司在2023年第四季度的净亏损约为100万美元,同比减少了30万美元[14] - 公司在2023年全年的净亏损约为520万美元,同比减少了50万美元[14] - 公司在2023年第四季度的毛利率为43.9%,较去年同期增长了12.8%[11] 资金情况 - ClearSign Technologies 完成了资本募集,成功筹集了约930万美元的总收益[9] - 公司的现金及现金等价物在募集资金后达到约1370万美元[9] 项目进展 - 公司在2023年全年的营收主要来自于两个加州炼油厂的项目[12] - ClearSign Technologies 在加州完成了两个重要的加热器的安装和启动,这将为公司提供有力的参考和收入[25] - 公司的首个氢气项目正在进行,第一个燃烧器已经安装进行测试[31] - 公司在加利福尼亚的一个回收业务场地安装了一台1200马力的燃烧器,该项目已经在施工许可过程中受阻,但现在问题已解决[39] 市场前景 - 公司最近完成了资本筹集,相信随着产品在市场上获得更多参考案例,产品将更容易被接受和追求[40] - 公司看到加利福尼亚等地出台新规定,预计德克萨斯、科罗拉多和盐湖城也将朝着同样的方向发展,公司的技术也得到了加州监管机构的认可[42] - 公司认为最后一个销售障碍是克服市场新进入者的认知,预计新安装的设备将是克服这一障碍的关键[43] 技术发展 - 公司在过去五年中开发了燃烧器技术,提供标准化产品平台,避免客户安装昂贵复杂的催化系统来去除NOx排放[41] - 公司正在进行第三方排放测试,第二个最近启动的加热器预计将对行业产生影响,公司也在进行氢燃烧器的初步测试[45] - 公司认为最近投资的计算机建模能力和技术发展加速,以及新任CTO Matthew Martin等人的加入,将对公司的增长产生重要影响[46] 客户关系 - 公司感谢加利福尼亚的炼油客户,他们刚刚完成了对两台对其炼油厂运营至关重要的加热器的安装[47] - 公司对于加利福尼亚BACT计划的实际验证表示期待,预计将对未来的咨询和销售机会产生影响[49]
ClearSign Technologies (CLIR) Provides Updates on Q1 Operations
zacks.com· 2024-05-24 23:41
ClearSign Technologies Corporation (CLIR) provides updates on first-quarter 2024 operations prior to hosting its investors' call.During the quarter ended on Mar 31, 2024, the company received two further purchase orders to finish the entire engineering of burners for the conversion of two more process heaters at the California refinery, bringing the total to four burners. This initial engineering is expected to be followed by purchase orders for burner manufacturing and supply.ClearSign Technologies also an ...
ClearSign Technologies (CLIR) - 2024 Q1 - Earnings Call Transcript
2024-05-24 07:30
分组1 - 公司在第一季度实现收入约1.1百万美元,同比增长,主要来自于向加州炼油厂发货的多个过程燃烧器以及一项CFD研究的确认 [7][8] - 毛利率为39.7%,同比大幅提升,主要由于过程燃烧器产品的较高毛利 [9] - 净亏损约1.1百万美元,同比减少约30万美元,主要由于毛利增加和销量增加 [10][11] - 经营活动现金流出约100万美元,同比增加,主要由于客户收款的时间性差异 [12] - 公司现金余额约4660万美元,不包括最近完成的8.7百万美元股权融资 [13] 分组2 - 公司在Kern Energy炼油厂完成第二台加热炉的源测试,这是公司最大的两个过程燃烧器改造项目 [17][18] - 公司从Kern Energy获得两个新的加热炉的详细工程订单,这是客户的重复订单 [19][20][21] - 公司为洛杉矶炼油厂生产20个燃烧器,预计在第三季度末发货 [22][23] - 公司开发了一款针对中游行业的新型水平燃烧器产品线,获得多个客户的关注 [25][26] - 公司与合作伙伴Zeeco联合开发的100%氢气燃烧器测试结果超出预期,有望加快商业化 [27][28] 分组3 - 公司在美国石油学会春季炼油和设备标准会议上,发现公司的运营安装对潜在客户的影响很大,正在推动新的业务机会 [48][49][50][51] - 公司正在通过多种方式提高市场知名度和接受度,包括聘请第三方销售顾问,以及关注德克萨斯州新的空气质量法规 [35][36][37][38][39][40] - 公司合作伙伴Narion在航空领域开发公司传感器技术,包括测量可燃性和检测火焰前沿,具有广泛应用前景 [41][42][43][44][45][46] - 公司未来几个季度将有多个重要项目投产,包括1200马力锅炉燃烧器和一系列果蔬加工公司的锅炉燃烧器 [55][56] 问答环节重要的提问和回答 问题1 **Matthew Selinger 提问** 公司的传感器技术项目进展如何,未来商业化前景如何? [59] **Jim Deller 回答** 公司将通过与Narion合作的方式,将传感器技术应用于航空等领域,这是一个长期的技术开发过程,但潜在市场巨大 [60][61][62] 问题2 **Matthew Selinger 提问** 公司当前在手订单和未来订单情况如何? [63] **Jim Deller 回答** 公司目前有Kern Energy的两个新加热炉订单,以及即将投产的大型锅炉燃烧器项目,未来还有新型水平燃烧器和氢气燃烧器的商业化前景 [66][67][68][69][70] 问题3 **Matthew Selinger 提问** 公司氢气燃烧器项目的商业化进展如何,SoCalGas是否仍参与其中? [70] **Jim Deller 回答** 公司已完成首个商业版本的氢气燃烧器并进行测试,结果超出预期,可以作为现有客户的升级方案,SoCalGas将协助推动该技术在其客户群中的部署 [72][73][74]
ClearSign Technologies Corporation Provides First Quarter 2024 Update
Prnewswire· 2024-05-24 04:05
TULSA, Okla., May 23, 2024 /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, today provides an update on operations for the quarter ended March 31, 2024."We ended 2023 carrying some commercial momentum and that has carried into the current year," said Jim Deller, Ph.D., Chief Executive Officer of Cle ...
ClearSign Technologies Corporation Announces Successful Start Up of Second Multi-Burner Heater at Kern Energy
prnewswire.com· 2024-05-22 20:30
Independent Source Testing Confirms Emissions Levels Below Guarantee TULSA, Okla., May 22, 2024 /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 five burner heater has had a successful start-up and is now in operation. "We are proud to have completed the second of the two multi bu ...
ClearSign Technologies (CLIR) - 2024 Q1 - Quarterly Report
2024-05-16 04:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number 001-35521 CLEARSIGN TECHNOLOGIES CORPORATION (Exact name of registrant as specified ...
ClearSign Technologies Corporation Receives Orders for the Engineering of Burners for Two Additional Heaters from a California Refinery
Prnewswire· 2024-04-30 20:30
TULSA, Okla., April 30, 2024 /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, today announces the receipt of two purchase orders to complete the detailed engineering of burners for the fitting of two additional process heaters in a California refinery for a total of four burners. "We are grateful an ...