ClearSign Combustion Corp. (NASDAQ: CLIR) designs, develops and markets technologies that improve key performance characteristics of combustion systems – including emissions and operational performance, energy efficiency and overall cost-effectiveness. The company’s patent-pending Duplex™ and Electrodynamic Combustion Control™ (ECC) platform technologies are designed to dramatically improve the performance of the world’s commercial, industrial and utility combustion systems. By providing simple retrofit strategies that are utilized during combustion, ClearSign allows its customers to optimize performance at a fraction of the cost of more common legacy after-treatment methods.
The potential market for ClearSign’s products is immense. Nearly two-thirds of global energy consumption can be attributed to the combustion of hydrocarbons and other fuels in boilers, furnaces, kilns and turbines. In the United States, these power generating processes account for more than 50 quadrillion British thermal units (BTUs) of energy each year. As a result of this scale, even modest increases in efficiency can lead to massive savings across a broad range of markets – including the chemical, petrochemical, refinery, power and commercial boiler industries.
In the first quarter of 2015, ClearSign achieved several significant commercial milestones that could set the stage for considerable industry growth in the future. In particular, the company validated the effectiveness of its Duplex technology by demonstrating a meaningful reduction in energy consumption in a field demonstration at Aera Energy in California. Following these results, the company was invited to present its technical results to environmental regulators in Texas, providing a platform upon which to expand its market share in the Lone Star State, which currently refines more than one quarter of the nation’s gasoline. The company also presented its technology to experts from the American Petroleum Institute (API) in April.
“The refinery and petrochemical segment is a significant market opportunity for ClearSign,” Steve Pirnat, chairman and chief executive officer of ClearSign, stated in a news release. “We are very encouraged by the positive feedback we received from the API membership and also believe that successful installations at the two refinery projects already in our trial order backlog will build further confidence and interest in Duplex technology for refinery applications.”
For prospective investors, ClearSign’s recent progress toward industry growth could foreshadow an opportunity for the company to realize improved financial results in the months to come. Look for ClearSign to leverage the strong performance of its proprietary technologies in order to promote sustainable returns moving forward.
For more information, visit www.clearsign.com
