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TULSA, Okla. - ClearSign Technologies Corporation (NASDAQ: CLIR), a company involved in industrial combustion and sensing technologies that aim to reduce emissions and improve energy efficiency, announced the expansion of its Board of Directors from five to seven members. Anthony DiGiandomenico and Lou Basenese have been appointed to fill the new positions, effective May 22, 2025. According to InvestingPro, Prairie Operating Co. (NASDAQ: PROP), where Basenese serves as Executive VP, is expected to see significant sales growth of over 51% in FY2025 despite recent market challenges.
Jim Deller, Ph.D., CEO of ClearSign, expressed satisfaction with the new appointments, highlighting the capital markets experience and industry connections that DiGiandomenico and Basenese bring to the company. Deller also acknowledged the impending departure of David M. Maley, who has chosen not to stand for re-election at the 2025 annual meeting of stockholders.
DiGiandomenico has a history of facilitating investment into disruptive technologies and holds an MBA from the University of California, Berkeley. He is currently the Chief of Transactions at MDB Capital Holdings, LLC (NASDAQ: MDBH) and has served on the boards of several biotechnology and medical device companies.
Basenese, with over 25 years of experience in equity research and investment banking, serves as Executive Vice President – Market Strategy for Prairie Operating Co. (NASDAQ: PROP) and is the CEO and Chief Strategist of The Basenese Group, LLC. His previous roles include President and Chief Market Strategist at MDB Capital Holdings, LLC.
The announcement comes as ClearSign continues to focus on decarbonization and the improvement of performance characteristics in industrial and commercial systems. The company’s patented technologies, such as ClearSign Core™ and ClearSign Eye™, are designed to enhance combustion systems and fuel safety across various industries, including energy, chemical, and power sectors.
The information in this article is based on a press release statement from ClearSign Technologies Corporation.
In other recent news, Prairie Operating Co. has made significant strides with the completion of its acquisition of oil and gas properties from Bayswater Resources. This transaction, detailed in an SEC filing, includes audited financial statements and pro forma financial information, enhancing Prairie’s position in the sector. Additionally, Prairie Operating Co. has extended its deal deadline with Bayswater Entities to March 20, 2025, allowing more time to finalize the transaction. Analyst firms have shown interest in Prairie’s developments, with Piper Sandler initiating coverage with an Overweight rating and an $11.00 price target, citing the company’s strategic consolidation efforts. Clear Street has also rated Prairie Operating Co. as a Buy, with a $16.00 price target, highlighting its growth prospects and cost efficiency in the DJ Basin. Furthermore, Prairie Operating Co. has appointed Maree K. Delgado as Senior Vice President of Accounting, bringing her extensive experience in the energy sector to support the company’s growth plans. Investors are closely monitoring these developments, which could impact Prairie’s financial performance and market position.
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