Project Comprised of 26 ClearSign Core™
Process Burners in Four Heaters
Order Received from Birwelco USA Inc. for Fortune 500 Global Chemical
Company
TULSA,
Okla., July 17, 2024 /PRNewswire/ -- ClearSign
Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the
"Company"), an emerging leader in industrial combustion and sensing
technologies that improve energy, operational efficiency and safety
while dramatically reducing emissions, announces that it has
received the initial engineering order from engineering and heater
manufacturer Birwelco USA Inc. (a
BIH Group company) as the first phase of a project to retrofit four
process heaters with a total of 26 ClearSign Core™ burners to be
installed in the Gulf Coast facility of a Fortune 500 global
chemical company.
"I want to thank and recognize Birwelco USA and our chemical company client for their
long support and engagement with ClearSign technologies and their
recognition of the capabilities and value that we provide. This is
our largest process burner order to date and will also include
computational flow simulations and physical testing as part of the
detailed performance optimization process which is included in this
initial engineering phase of the project," said Jim Deller,
Ph.D., Chief Executive Officer of ClearSign. "We are
encouraged to be working with firms and customers of this scale and
prominence in the market. We believe that this order is
another indicator that our technologies are gaining traction within
the industry. This order follows an in-depth evaluation by
Birwelco USA which ultimately
resulted in the selected solution and order being placed with
ClearSign."
"Based on the unique environmental needs of these heaters, a
number of different solutions were carefully evaluated, ultimately
it was agreed that ClearSign technology would be the best path
forward," said Walter Gull,
President and General Manager of Birwelco USA. "Capitalizing on Birwelco USA's long term relationship with both
ClearSign and the end user, I believe we have the right team in
place to ensure this project is a success."
The burner order was received from Birwelco USA Inc. for installation in a Gulf Coast
facility in Texas of global
multifaceted chemicals company. The Company expects the
project to be rolled out in phases, resulting in the final delivery
of the burners to be around the second half of 2025.
About ClearSign Technologies Corporation
ClearSign Technologies Corporation designs and develops products
and technologies for the purpose of improving key performance
characteristics of industrial and commercial systems,
including operational performance, energy efficiency, emission
reduction, safety and overall cost-effectiveness. Our patented
technologies, embedded in established OEM products as ClearSign
Core™ and ClearSign Eye™ and other sensing configurations,
enhance the performance of combustion systems and fuel safety
systems in a broad range of markets, including the energy (upstream
oil production and down-stream refining), commercial/industrial
boiler, chemical, petrochemical, transport and power industries.
For more information, please visit www.clearsign.com.
About Birwelco USA
Inc.
Globally part of the BIH Group of companies, Birwelco
USA Inc. is a leading supplier and
solution provider for fired heaters and furnaces from design
concept to turnkey implementation. Solutions include studies,
on-line services, revamps and complete rebuilds - all focused on
minimizing downtime and maximizing the end user return on
investment. Understanding each customer's unique needs, and
delivering the optimized solutions to meet them, is at the core of
every Birwelco USA project. For
more information visit www.bihl.com/busa/.
Cautionary note on forward-looking statements
All statements in this press release that are not based on
historical fact are "forward-looking statements." You can find many
(but not all) of these statements by looking for words such as
"approximates," "believes," "hopes," "expects," "anticipates,"
"estimates," "projects," "intends," "plans," "would," "should,"
"could," "may," "will" or other similar expressions. While
management has based any forward-looking statements included in
this press release on its current expectations on the Company's
strategy, plans, intentions, performance, or future occurrences or
results, 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 the Company's control, which could cause actual results to
materially differ from such statements. Such risks, uncertainties
and other factors include, but are not limited to: the
Company's ability to successfully deliver, install, and meet the
performance obligations of the Company's burners, including
process burners, in the markets the Company sell products in; the
Company's ability to further expand the sale of ultra-low NOx
process and boiler burners; the Company's ability to successfully
perform engineering orders and performance optimization processes
included therein; general business and economic conditions; the
performance of management and the Company's employees; the
Company's ability to obtain financing, when needed; the
Company's ability to compete with competitors; whether the
Company's technology will be accepted and adopted and other
factors identified in the Company's Annual Report on Form 10-K
filed with the SEC and available at www.sec.gov and other
factors that are detailed in the Company's periodic and
current reports available for review at www.sec.gov.
Furthermore, the Company operates 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. The Company disclaims any intention
to, and, except as may be required by law, undertakes no obligation
to, update or revise forward-looking statements to reflect events
or circumstances that subsequently occur or of which the Company
hereafter become aware.
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SOURCE ClearSign Technologies Corporation