May 18, 2017
SEATTLE, May 18, 2017 /PRNewswire/ -- ClearSign Combustion Corporation (NASDAQ: CLIR), a leading provider of industrial combustion technologies that help to reduce emissions and improve efficiency, announced that they have a Memorandum of Understanding (MOU) with one of China's largest providers of residential and commercial heating services to run a pilot test with the goal of demonstrating ClearSign's Duplex technology as a candidate to achieve ultra-low emissions levels in their boilers.
Under the terms of the agreement, the state owned enterprise (SOE) agreed to work with ClearSign to install, and demonstrate ClearSign's innovative Duplex™ technology in one of their boilers. The parties recently singled out specific classes of boilers for testing and demonstration of ClearSign's Duplex technology. The project will be a joint collaboration with ClearSign handling the design, fabrication and overseeing the installation by the local partner. Upon successful completion of the pilot with results within agreed upon specifications, the parties have agreed to negotiate a subsequent definitive agreement to retro-fit multiple boilers within the district's operational footprint.
"We are pleased and excited to announce our first Duplex project in China, a market with an obvious need for our products. We believe this Group is a natural partner to validate and then broadly utilize our technology. We are looking forward to demonstrating our technology and creating a long and mutually beneficial business relationship with them," said Stephen Pirnat, Chairman and Chief Executive Officer of ClearSign. "Our new partner has hundreds of boilers which would benefit from the use of ClearSign's technology to reduce emissions and enhance their operating efficiency," said Mr. Pirnat.
About ClearSign Combustion Corporation
ClearSign Combustion Corporation designs and develops products and technologies for the purpose of improving key performance characteristics of combustion systems, including emissions and operational performance, energy efficiency and overall cost-effectiveness. Our patented Duplex™ and Electrodynamic Combustion Control™ platform technologies enhance the performance of combustion systems in a broad range of markets, including the energy (upstream oil production and down-stream refining), commercial/industrial boiler, chemical, petrochemical, and power industries. For more information, please visit www.clearsign.com.
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SOURCE ClearSign Combustion Corporation
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