TULSA,
Okla., Dec. 9, 2024 /PRNewswire/ -- ClearSign
Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the
"Company"), an emerging leader in industrial combustion and sensing
technologies that support decarbonization, improve
operational and energy efficiency, enable the use of hydrogen as a
fuel and enhance safety while dramatically reducing emissions,
announces that it has received a notice from the Listing
Qualifications Department of the Nasdaq Stock Market ("Nasdaq")
on December 6, 2024, informing ClearSign that it has
regained compliance with the minimum bid price requirement under
Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq.
ClearSign was previously notified on May 2, 2024, that its
common stock failed to maintain a minimum bid price
of $1.00 over the previous 30 consecutive business days
as required by Nasdaq's Listing Rules. In order to regain
compliance with the rule, ClearSign was required to maintain a
minimum closing bid price of $1.00 or more for at least
10 consecutive business days. This requirement was met
on December 5, 2024, the tenth consecutive business day that
the closing bid price of ClearSign's common stock was
above $1.00. Consequently, ClearSign is now in compliance with
Nasdaq's minimum bid price requirement and its common stock will
continue to be listed on Nasdaq.
About ClearSign Technologies Corporation
ClearSign Technologies Corporation designs and develops products
and technologies for the purpose of decarbonization and improving
key performance characteristics of industrial and commercial
systems, including operational performance, energy efficiency,
emission reduction, safety, the use of hydrogen as a fuel 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.
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 maintain compliance with Nasdaq's Listing Rules; the
performance of the Company's burners, including related fuel and
electricity savings and its ability to lower NOx emissions; the
Company's ability to successfully deliver, install, and meet the
performance obligations of the Company's products, including
process burners, boiler burners and flare products, in the markets
the Company operate and sell its products in; the Company's ability
to successfully fabricate and ship its boiler burner products
timely; the Company's ability to further expand into other
geographic markets; 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 U.S. Securities and Exchange Commission 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