ClearSign designs, develops and markets technologies that aim to improve the key performance characteristics of combustion systems, including emission, operational performance, energy efficiency and overall cost effectiveness.
SEATTLE, Sept. 21, 2016 /PRNewswire/ -- ClearSign Combustion Corporation (NASDAQ: CLIR), an emerging provider of industrial combustion technologies that help to reduce emissions and improve efficiency, today announced the completion, customer acceptance and issuance of payment for the initial phase of a multiphase project to retrofit Duplex™ technology into enclosed ground flares for a major California oil producer.
Awarded under a previously announced contract with Advanced Combustion and Process Controls, ClearSign's Duplex technology achieved environmental emissions that satisfied the most stringent air regulations within California.
The results of the testing were independently confirmed by the customer and Advanced Combustion and Process Controls, the prime contractor on the project and ClearSign's representative in Southern California. Under the existing contract, multiple units, including larger capacity units, will be delivered. The project marks the first application of ClearSign technology for the ground flare market.
"The successful application of Duplex technology to enclosed ground flares demonstrates its versatility and capabilities for reducing emissions and improving operating performance throughout a broad asset class," said Steve Pirnat, ClearSign's Chairman and CEO. "We are extremely pleased that we have satisfied the customer's demanding performance requirements."
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™ 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. Forward-looking statements may be identified by words such as "expect", "anticipate", "believe", "intend", "hope", "could", "plans" and other comparable or similar terminology as well as the negative of such terminology. 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