SEATTLE, Dec. 6, 2018 /PRNewswire/ -- ClearSign
Combustion Corporation (Nasdaq: CLIR) ("ClearSign" or the
"Company"), an emerging leader in industrial combustion
technologies that improve energy and operational efficiencies while
dramatically reducing emissions, announces that World Oil Refining
has issued a commitment letter to work with CLIR on the previously
approved South Coast Air Quality Management District (SCAQMD)
funded demonstration project in the greater Los Angeles, CA area.
This project, which was previously announced in September 2017, will demonstrate ClearSign's
Duplex technology as a best available control technology (BACT)
candidate to achieve ultra-low emissions levels in refinery process
heaters and other types of fired equipment. The project will
involve retrofit installation of ClearSign's Duplex technology
within World Oil Refinery's South Gate,
California refinery as a demonstration of the technology for
the District. Funding for the project is a collaborative effort
that includes contributions from the air district, ClearSign, and
World Oil Refinery. The addition of World Oil to the project is
subject to final review and approval by SCAQMD Board of Directors,
after which the project is slated to span approximately one
year.
"We are extremely pleased that World Oil Refining has agreed to
work with ClearSign on the previously approved SCAQMD-funded
demonstration project. This project shows the commitment of all
parties to evaluate best available technologies to improve air
quality in the Los Angeles basin
and should position ClearSign's Duplex technology as the clear
choice to reduce emissions," said Steve
Pirnat, CEO of ClearSign.
About ClearSign Combustion Corporation
ClearSign Combustion Corporation designs and develops products
and technologies for the purpose of improving key performance
characteristics of combustion systems, including emissions and
operational performance, energy efficiency and overall
cost-effectiveness. Our patented Duplex™, Duplex Plug & Play™
and Electrodynamic Combustion Control™ platform technologies
enhance the performance of combustion systems in a broad range of
markets, including the energy (upstream oil production and
down-stream refining), commercial/industrial boiler, chemical,
petrochemical, and power industries. For more information, please
visit www.clearsign.com.
About World Oil
World Oil Refining is a member of the World Oil family of
companies. For more than 75 years, the World Oil family of
companies has served California by
recycling, transporting, producing and retailing petroleum products
and providing environmental remediation services. World Oil offers
end-to-end solutions focused on sustainability, protection of the
environment and building a better future for the communities we
serve. World Oil Refining processes approximately 9,500 barrels per
day of crude oil into a mix of products ranging from light cuts,
such as Naphtha and Light Distillate Oil and Vacuum Gas Oil, to
heavier cuts of residual that are used to produce a wide variety of
paving and roofing asphalt grades. For more information, please
vist www.worldoilcorp.com.
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, 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 our
control, which could cause actual results to materially differ from
such statements. Such risks, uncertainties and other factors
include, but are not limited to, general business and economic
conditions, the performance of management and our employees, our
ability to obtain financing, competition, whether our technology
will be accepted and other factors identified in our Annual Report
on Form 10-K filed with the Securities & Exchange Commission
and available at www.sec.gov and other factors that are to be
detailed in our periodic and current reports available for review
at www.sec.gov. Furthermore, we operate 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. We
disclaim any intention to, and undertake no obligation to, update
or revise forward-looking statements to reflect events or
circumstances that subsequently occur or of which we hereafter
become aware.
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SOURCE ClearSign Combustion Corporation