May 13, 2015
SEATTLE, May 13, 2015 /PRNewswire/ -- ClearSign Combustion Corporation (NASDAQ: CLIR) announced today it has received a commercial order for Duplex™ Technology from a Southern California oil producer. The company today signed a purchase agreement to retrofit a 25 Million Btu/h Once-Through Steam Generator (OTSG) used for Enhanced Oil Recovery (EOR) in the oil fields of Bakersfield, California.
The OTSG retrofit is planned to commence in the third quarter of 2015 and installation will be managed by ClearSign partner Advanced Combustion and Process Controls, Inc. (ACPC). David Bopp, ACPC's president, explained how the customer chose ClearSign's Duplex Technology: "For this oil producer, the decision to purchase Duplex was a simple one. ClearSign has the only technology that will not only help them meet the San Joaquin Valley's strict NOx emissions standards in a very cost-effective manner, but will actually save them money on fuel. Other NOx control methods, like low-NOx burners that require Flue Gas Recirculation (FGR), are expensive and increase operating expense. ClearSign's Duplex Technology completely changes that equation."
Bopp, whose company is ClearSign's Bakersfield representative, noted that ClearSign's field demonstration with Aera Energy was a major factor in the customer's decision to purchase Duplex Technology for their operation: "They were extremely impressed by the results Aera Energy and ClearSign are reporting from the installation at the Belridge, California site. Duplex has met the required NOx emissions of 5 PPM or less, while supplying steam at the quality and capacity required for oilfield operations. Additionally, they have validated a measurable and significant increase in energy efficiency. This customer recognizes Duplex will bring major economic benefits to their operation."
ClearSign CEO, Steve Pirnat, commented, "This commercial order represents another important milestone for ClearSign. We have seen a great deal of interest and excitement in our very successful installation at Aera and we are pleased that this is beginning to result in commercial bookings."
About ClearSign Combustion Corporation
ClearSign Combustion Corporation designs, develops and markets technologies that drive to improve key performance characteristics of combustion systems, including emissions and operational performance, energy efficiency and overall cost-effectiveness. Our patent-pending Duplex™ and Electrodynamic Combustion Control™ platform technologies enhance the performance of combustion systems in a broad range of markets, including the chemical, petrochemical, refinery, power and commercial boiler industries. For more information, please visit www.clearsign.com
Cautionary note on forward-looking statements
This press release includes forward-looking information and statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events that are based on management's belief, as well as assumptions made by, and information currently available to, management. While we believe that our expectations are based upon reasonable assumptions, there can be no assurances that our goals and strategy will be realized. Numerous factors may affect our actual results and may cause results to differ materially from those expressed in forward-looking statements made by us or on our behalf. Some of these factors include the acceptance of existing and future products, the impact of competitive products and pricing, general business and economic conditions, and other factors detailed in our Annual Report on Form 10-K and other periodic reports filed with the SEC. We specifically disclaim any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.
SOURCE ClearSign Combustion Corporation
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