SEATTLE, Feb. 11, 2016 /PRNewswire/ -- ClearSign
Combustion Corporation (NASDAQ: CLIR) announced today it has
received an order for its for Duplex™ Technology from Advanced
Combustion & Process Controls, Inc., or ACPC, for installation
in wellhead enclosed flares at the facilities of a large
Southern California oil
producer.
ClearSign worked closely with ACPC, acting on behalf of the oil
producer, to obtain the order. ACPC will manage the project and
provide on-site installation services through an existing Master
Services Agreement with the oil producer. Under the agreement,
ClearSign will provide design and engineering services and the
Duplex technology for the purpose of evaluating Duplex as a
solution to the oil producer's NOx emissions challenges.
ClearSign expects to deliver the first unit in 2016.
Assuming that testing of the initial unit is successful, payment
for the unit will be made and the oil producer plans to purchase
four additional units at pre-determined prices.
"This order is noteworthy in that, assuming validation of the
initial unit, it could expand into a multi-unit order valued at
approximately $1 million and affords
ClearSign an adjacent market segment to our existing business
verticals," said Stephen Pirnat,
ClearSign Chairman and CEO. "Effective solutions to lower the
required emissions are expanding in no small part due to actions by
state and federal regulators. As ClearSign's Duplex technology
becomes better known in the marketplace, we believe that those
businesses subject to emissions controls will conclude that Duplex
is the preferred solution for lowering NOx, a precursor of
ozone."
Challenged by existing and potentially tougher new regulations
to reduce emissions from flaring, the oil producer approached
ClearSign seeking a way to achieve lower NOx emissions for its
fleet of enclosed flares; ClearSign determined that its Duplex
technology could offer a solution.
Emissions from wellhead flares are very much in the news with
the Obama administration proposing new, stringent air regulations
citing concerns over climate change. Additionally, the EPA's new
Ambient Air Quality Standards (AAQS) have mandated a nationwide
reduction of ozone emissions from 75 to 70 parts per billion
effective January 1 of this year.
About ClearSign Combustion Corporation
ClearSign Combustion Corporation designs and is developing
products and technologies that strive to improve key performance
characteristics of combustion systems, including emissions and
operational performance, energy efficiency and overall
cost-effectiveness. Our patent-pending Duplex™ and
Electrodynamic Combustion Control™ platform technologies enhance
the performance of combustion systems in a broad range of markets,
including the chemical, petrochemical, refinery, power and
commercial boiler industries. For more information, please visit
www.clearsign.com.
Cautionary note on forward-looking statements
This press release includes forward-looking information and
statements within the meaning of the Private Securities
Litigation Reform Act of 1995 and the provisions of
Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as
amended. Except for historical information contained in this
release, statements in this release may constitute forward-looking
statements regarding our assumptions, projections, expectations,
targets, intentions or beliefs about future events that are based
on management's belief, as well as assumptions made by, and
information currently available to, management. Forward-looking
statements may be identified by words such as "expect",
"anticipate", "believe", "intend", "hope", "could", "plans" and
other comparable or similar terminology as well as the negative of
such terminology. While we believe that our expectations are based
upon reasonable assumptions, there can be no assurances that our
goals and strategy will be realized. Numerous factors may affect
our actual results and may cause results to differ materially from
those expressed in forward-looking statements made by us or on our
behalf. Some of these factors include the acceptance of existing
and future products, the impact of competitive products and
pricing, general business and economic conditions, and other
factors detailed in our Annual Report on Form 10-K and other
periodic reports filed with the SEC. We specifically disclaim any
obligation to update or revise any forward-looking statement
whether as a result of new information, future developments or
otherwise.
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SOURCE ClearSign Combustion Corporation