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TULSA, Okla. - ClearSign Technologies Corporation (NASDAQ:CLIR), a small-cap technology company with a market capitalization of approximately $40 million and strong financial health indicators including a current ratio of 7.46, has announced a new purchase order for their ClearSign Core™ M1 process burner from Devco Process Heaters. According to InvestingPro data, the company maintains more cash than debt on its balance sheet, positioning it well for growth opportunities. The sale represents the second installation of this technology, specifically designed for the midstream sector, and will be utilized in a new hot oil heater at a gas processing facility in Colorado.
The ClearSign Core™ M1 is part of the company’s "M" series process burners, which have garnered attention for their performance in reducing nitrogen oxides (NOx) and improving efficiency. This focus on innovation has contributed to impressive revenue growth, with InvestingPro reporting a remarkable 263% increase in the last twelve months. ClearSign’s announcement comes on the heels of positive industry response to their first installation’s results, leading to multiple quotation requests alongside this latest order. The company expects to deliver the burner in the second quarter of 2025.
ClearSign’s technologies, including the ClearSign Core™ and ClearSign Eye™, are integrated into OEM products to enhance the performance of combustion systems across various industries. These industries range from energy, both upstream oil production and downstream refining, to commercial and industrial boilers, chemical, petrochemical, transportation, and power industries.
The company’s forward-looking statements suggest optimism about the potential of their "M" series burners to extend beyond the midstream market and into applications such as boilers and other types of process heaters. However, these statements are subject to risks, uncertainties, and other factors that could influence actual results.
ClearSign Technologies Corporation’s focus on decarbonization aligns with the growing regulatory and industry push towards reducing emissions and improving energy efficiency. The company’s strategy involves leveraging their patented technologies to support the transition to cleaner fuels and more sustainable industrial operations.
This announcement is based on a press release statement from ClearSign Technologies Corporation. While current InvestingPro analysis suggests the stock is trading below its Fair Value, investors should note that analysts do not anticipate profitability this year. For deeper insights into CLIR’s valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers, covering over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, ClearSign Technologies Corporation has made several noteworthy advancements. The company announced it received a purchase order for a flare retrofit from an energy company in California, aimed at reducing emissions at a production facility in the San Joaquin Valley. This project is part of ClearSign’s broader efforts to support decarbonization and emissions reduction in the energy sector. Additionally, ClearSign is set to install its ClearSign Eye sensors at a major Gulf Coast refinery, marking the first commercial trial of these sensors designed to enhance safety and reduce emissions. The installation is anticipated to occur in the second quarter of the year and follows a thorough technical review by the refinery.
Furthermore, ClearSign has been awarded a $400,000 grant from the U.S. Department of Energy to advance its ultra-low NOx industrial hydrogen burner technology. This initiative aims to optimize industrial furnaces for 100% hydrogen fuel utilization, potentially reducing greenhouse gas emissions significantly. These developments align with a broader industry trend towards cleaner energy sources. The company’s technologies, including ClearSign Core™ and ClearSign Eye™, continue to target improvements in operational performance, energy efficiency, and safety across various industrial sectors.
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