Dec 4, 2017
SEATTLE, Dec. 4, 2017 /PRNewswire/ -- ClearSign Combustion Corporation (NASDAQ: CLIR), an emerging leader in industrial combustion technologies that reduce emissions and improve efficiency, today announced receipt of a purchase order from an Eastern Mediterranean/Middle East Refinery for six Duplex Plug and Play burners for multiple refinery process heaters. The terms of the sale were not disclosed. This Eastern Mediterranean/Middle East refinery is the among the largest in the region with a reported capacity of just under 200,000 barrels per day. The customer is a leading refinery in the Eastern Mediterranean/Middle East region and are part of a large integrated refining and petrochemicals complex.
"After performing an extensive, world-wide review of available combustion and environmental controls technology, we are pleased that this Refinery selected our Duplex Plug & Play over competing technologies. Their selection of ClearSign for multiple burners is a vote of confidence in ClearSign. Additionally, they have expressed their intention of buying additional Duplex Plug & Play burner systems in 2018 as they expand their effort to lower emissions while improving operational efficiency. This purchase is further evidence of commercial adoption of the Duplex Plug & Play and follows Delek's installation of the systems in the Delek Tyler, Texas facility," said Stephen Pirnat, Chairman and Chief Executive Officer of ClearSign.
For more information about ClearSign visit: www.clearsign.com.
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™, Duplex Plug & Play™ 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.
Cautionary note on forward-looking statements
All statements in this press release that are not based on historical fact are "forward-looking statements." While management has based any forward-looking statements included in this press release on its current expectations, 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 our control, which could cause actual results to materially differ from such statements. Such risks, uncertainties and other factors include, but are not limited to, general business and economic conditions, the performance of management and our employees, our ability to obtain financing, competition, whether our technology will be accepted and other factors identified in our Annual Report on Form 10-K filed with the Securities & Exchange Commission and available at www.sec.gov and other factors that are to be detailed in our periodic and current reports available for review at www.sec.gov. Furthermore, we operate 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. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements to reflect events or circumstances that subsequently occur or of which we hereafter become aware.
SOURCE ClearSign Combustion Corporation
For further information: Investor Relations: Matthew Selinger, Three Part Advisors, LLC for ClearSign, +1 817-310-8776, firstname.lastname@example.org; Media: Brittney Garneau, Pierpont Communications for ClearSign, +1 713-627-2223, email@example.com
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