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TULSA, Oklahoma - ClearSign Technologies Corporation (NASDAQ:CLIR), a $26.4 million market cap clean technology company showing 19% revenue growth over the last twelve months, announced Wednesday it has received an initial engineering order from an integrated petroleum producer for a process heater retrofit project involving 36 ClearSign Core burners at a U.S. Gulf Coast refinery in Texas. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value estimates.
The engineering order represents the first phase of the project, which is expected to proceed in stages with final burner delivery anticipated in the second half of 2026, according to the company’s statement. While the company maintains strong liquidity with a current ratio of 3.56 and holds more cash than debt on its balance sheet, InvestingPro data reveals 10+ additional key insights available to subscribers.
"We are pleased to announce this engineering order for a large multi burner heater retrofit from a name brand petroleum company," said Jim Deller, CEO of ClearSign Technologies.
The order was placed directly by the petroleum company for its Texas facility. ClearSign Technologies, which specializes in combustion and sensing technologies designed to reduce emissions and improve operational performance, indicated this engineering order is expected to lead to a large-scale installation.
ClearSign’s technologies are designed to enhance combustion systems and fuel safety systems across various industries including energy, commercial/industrial boiler, chemical, petrochemical, transport and power sectors.
The announcement comes as industrial operators face increasing pressure to reduce emissions while maintaining operational efficiency. The company stated in its press release that its technology helps industrial operators reduce emissions, increase efficiency and safety, and support the use of cleaner fuels including hydrogen.
In other recent news, ClearSign Technologies Corporation reported its second-quarter earnings for 2025, showcasing notable developments. The company experienced a significant increase in revenue, reporting $133,000 for the quarter, compared to $45,000 in the same period last year. Despite this revenue growth, ClearSign did not meet earnings per share expectations, according to analysts’ forecasts. In another update, the company announced it has regained compliance with Nasdaq’s board and audit committee composition requirements after recent changes to its board of directors. This follows a notice from Nasdaq indicating non-compliance due to board member resignations. These recent developments provide investors with important insights into ClearSign’s current financial and governance status.
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