US Market News
2週前
ClearSign Technologies Corporation Prices Underwritten Public Offering of Common StockMay 29, 2026 8:30 AM
ACCESS NewswireTULSA, OK / ACCESS Newswire / May 29, 2026 / ClearSign Technologies Corporation (Nasdaq:CLIR) ("ClearSign" or the "Company"), a leader in advanced combustion and sensing technologies that help industrial operators dramatically reduce emissions, increase efficiency and support the use of cleaner fuels including hydrogen, today announces the pricing of an underwritten public offering with primarily existing stockholders of 777,780 shares of its common stock (the "Public Offering") at a price to the public of $4.33 per share, for gross proceeds of $3,367,787. The Company has also granted to the underwriter a 30-day option to purchase, at the same price per share as the underwriter paid for the initial shares, up to an additional 15% of the shares of common stock offered in the Public Offering to cover over-allotments in connection with the Public Offering, which if exercised in full would increase the gross proceeds to $3,872,955.51.The Public Offering is expected to close on or about June 1, 2026, subject to customary closing conditions.ClearSign intends to use the net proceeds from the Public Offering for working capital, research and development, marketing and sales, and general corporate purposes.Newbridge Securities Corporation is acting as the sole book-running manager of the Public Offering.The shares described above are being offered by ClearSign pursuant to a shelf registration statement on Form S-3 (File No. 333-288736) previously filed with and subsequently declared effective by the Securities and Exchange Commission ("SEC"). A preliminary prospectus supplement relating to the Public Offering has been filed with the SEC and is available on the SEC's website at http://www.sec.gov. A final prospectus supplement describing the terms of the Public Offering will be filed with the SEC. The Public Offering will be made only by means of the prospectus supplement and the accompanying base prospectus, as may be further supplemented by any free writing prospectus and/or pricing supplement that the Company may file with the SEC. Copies of the preliminary prospectus supplement and accompanying base prospectus and, when available, the final prospectus supplement relating to this Public Offering, may be obtained from Newbridge Securities Corporation, Attn: Equity Syndicate Department, 1200 North Federal Highway, Suite 400, Boca Raton, FL 33432, email: syndicate @SF Michelle.This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About ClearSign Technologies CorporationClearSign 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 StatementsAll statements in this press release that are not based on historical fact constitute "forward-looking statements," including, but not limited to, statements relating to the Company's anticipated use of the net proceeds of the Public Offering and the timing and completion of the Public Offering. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements containing the terms "intends," "estimates," "may," "might," "will" or other similar expressions to be uncertain and forward-looking. For further information on these and other risks and uncertainties that may affect the Company's business, see the "Risk Factors" section of the Company's filings with the SEC, including ClearSign's Annual Report on Form 10-K filed with the SEC on March 31, 2026, Quarterly Report on Form 10-Q filed with the SEC on May 15, 2026 and the preliminary prospectus supplement filed with the SEC on May 28, 2026 and the final prospectus supplement to be filed with the SEC. There can be no assurance that forward-looking information will prove to be accurate, as actual results could differ materially from those anticipated in such statements. Accordingly, ClearSign cautions readers not to place undue reliance on any forward-looking statements. 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 becomes aware.SOURCE: ClearSign TechnologiesView the original press release on ACCESS NewswireOriginal: ClearSign Technologies Corporation Prices Underwritten Public Offering of Common Stock
US Market News
2週前
ClearSign Technologies Corporation Announces Proposed Public Offering of Common StockMay 28, 2026 4:25 PM
ACCESS NewswireTULSA, OK / ACCESS Newswire / May 28, 2026 / ClearSign Technologies Corporation (NASDAQ:CLIR) ("ClearSign" or the "Company"), a leader in advanced combustion and sensing technologies that help industrial operators dramatically reduce emissions, increase efficiency and support the use of cleaner fuels including hydrogen, today announces that it is proposing to sell shares of its common stock in an underwritten public offering (the "Public Offering"). All of the shares in the Public Offering are to be sold by ClearSign. ClearSign intends to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the Public Offering at the Public Offering price, less the underwriting discount.ClearSign intends to use the net proceeds from the Public Offering for working capital, research and development, marketing and sales, and general corporate purposes. The final terms of the Public Offering will depend on market and other conditions at the time of pricing, and there can be no assurance as to whether or when the Public Offering may be completed, or as to the actual size or terms of the Public Offering.Newbridge Securities Corporation is acting as the sole book-running manager of the Public Offering.The shares described above are being offered by ClearSign pursuant to a shelf registration statement on Form S-3 (File No. 333-288736) previously filed with and subsequently declared effective by the Securities and Exchange Commission ("SEC"). A preliminary prospectus supplement relating to the Public Offering has been filed with the SEC and is available on the SEC's website at http://www.sec.gov. A final prospectus supplement describing the terms of the Public Offering will be filed with the SEC. The Public Offering will be made only by means of the prospectus supplement and the accompanying base prospectus, as may be further supplemented by any free writing prospectus and/or pricing supplement that the Company may file with the SEC. Copies of the preliminary prospectus supplement, and accompanying base prospectus relating to this Public Offering, may be obtained from Newbridge Securities Corporation, Attn: Equity Syndicate Department, 1200 North Federal Highway, Suite 400, Boca Raton, FL 33432, email: syndicate @SF Michelle.This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About ClearSign Technologies CorporationClearSign 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 StatementsAll statements in this press release that are not based on historical fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements containing the terms "intends," "estimates," "may," "might," "will" or other similar expressions to be uncertain and forward-looking. The Public Offering is subject to market and other conditions and there can be no assurance as to whether or when the Public Offering may be completed or as to the actual size or terms of the Public Offering. For further information on these and other risks and uncertainties that may affect the Company's business, see the "Risk Factors" section of the Company's filings with the SEC, including ClearSign's Annual Report on Form 10-K filed with the SEC on March 31, 2026, Quarterly Report on Form 10-Q filed with the SEC on May 15, 2026 and the preliminary prospectus supplement filed with the SEC on May 27, 2026. There can be no assurance that forward-looking information will prove to be accurate, as actual results could differ materially from those anticipated in such statements. Accordingly, ClearSign cautions readers not to place undue reliance on any forward-looking statements. 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 becomes aware.SOURCE: ClearSign TechnologiesView the original press release on ACCESS NewswireOriginal: ClearSign Technologies Corporation Announces Proposed Public Offering of Common Stock
US Market News
3週前
ClearSign Technologies Corporation Provides First Quarter 2026 UpdateMay 20, 2026 4:05 PM
ACCESS NewswireTULSA, OK / ACCESS Newswire / May 20, 2026 / ClearSign Technologies Corporation (Nasdaq:CLIR) ("ClearSign" or the "Company"), a leader in advanced combustion and sensing technologies that help industrial operators dramatically reduce emissions, increase efficiency and support the use of cleaner fuels including hydrogen, today provides an update on operations for the quarter ended March 31, 2026."We made notable progress at the start of the year," said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. "We expanded the scope of a flare order to include a full system and secured a fifth order from an energy customer in California. We also successfully completed a well-attended process burner demonstration at Zeeco Inc. that showcased the capabilities of our new ClearSign Core Gen 2 technology. Most recently, we received another "M" Series burner order destined for West Texas. We remain encouraged by the strong level of engagement and the steady flow of customer requests for proposals that we continue to receive."Strategic and Operational HighlightsRecent strategic and operational highlights during and subsequent to the first quarter of 2026:ClearSign Received "M1" Series Burner Order for Midstream Heater in West Texas: The ClearSign Core™ M1 burner, sold through Tulsa Heaters Midstream, will be installed in a new heater at a gas processing facility of a multinational energy company in West Texas. The Company expects to deliver the burner in the third quarter of 2026.Received Order for Next Phase of 32 Burner Project for California Refinery: The Company received a purchase order for the physical testing and demonstration of burners as the second phase of a process heater retrofit project comprising a total of 32 ClearSign Core™ burners to be installed in the customer's California refinery.Reported Successful Sub 5ppm Department of Energy/Small Business Innovation Research Flexible Fuel Burner Testing: In conjunction with the U.S. Department of Energy's ("DOE") National Energy Technology Laboratory, under its Small Business Innovation Research ("SBIR") program, the Company successfully completed the testing of its ClearSign Core™ Flexible Fuel, 100% Hydrogen Capable process burner branded as ClearSign Core™ 2.Received Fifth Low-Emission Flare Order from an Energy Company in California: The Company received an order covering engineering and product delivery for a total retrofit enclosed flare system at a production facility in California's San Joaquin Valley, scheduled for delivery in the third quarter of 2026. The scope of the order includes upgraded flare technology, stack components, and control upgrades, further expanding ClearSign's engagement beyond burner technology and into broader emission and system integration solutions.Financial InformationCash and cash equivalents were approximately $7.7 million as of March 31, 2026.There were 5,409,133 shares of the Company's common stock issued and outstanding as of March 31, 2026, which reflects the 1-for-10 reverse stock split of the Company's shares of common stock that became effective on March 16, 2026.Conference CallThe Company will be hosting a call at 5:00 PM ET today. Investors interested in participating on the live call can dial 1-888-506-0062 within the U.S. or 1-973-528-0011 from abroad, both using Participant Access Code:961399 Investors can also access the call online through a listen-only webcast at https://www.webcaster5.com/Webcast/Page/3133/53993 or on the investor relations section of the Company's website at http://ir.clearsign.com/overview.The Company will host a Q&A session during the call and investors wishing to submit a question ahead of time can do so by emailing questions to mselinger@firmirgroup.com.The webcast will be archived on the Company's investor relations website for at least 90 days and a telephonic playback of the conference call will be available by calling 877-481-4010 within the U.S. or 919-882-2331 from abroad using Replay Passcode #53993. The telephonic playback will be available for 7 days after the conference call.About ClearSign Technologies CorporationClearSign 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. The Company's 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 downstream refining), commercial/industrial boiler, chemical, petrochemical, transport and power industries. For more information, please visit www.clearsign.com.Cautionary Note on Forward-Looking StatementsAll 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 regarding 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, that 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, sensors, flares and any other products it may offer from time to time in the markets it operates in, and any other markets the Company may sell products in; the performance of the Company's products, including its ultra-low NOx burner and the related fuel and electricity savings; the Company's ability to timely fabricate and ship its burners, sensors, flares and any other products or technologies it may offer from time to time; the Company's ability to further expand the sale of ultra-low NOx process and boiler burners, as well as its "M" Series process burner; the Company's ability to expand its sales of flaring solutions; the Company's ability to expand the scope of its engagements beyond burner technologies and into broader emission solutions; the risk that results achieved under the DOE'S SBIR program may not be replicated in commercial applications; the risk that future government grants, contracts or research funding may not be available to the Company on favorable terms or at all; the Company's ability to successfully market its co-branded process burner line with Zeeco Inc.; the Company's ability to diversify its product offerings through different applications of its technologies and core competencies; the Company's ability to generate sales and purchase orders from its engineering and computer modeling orders; the Company's ability to generate orders from proposals and quotes sent to potential customers and other participants in the industry or through demonstrations of its products; the Company's ability to market and gain market acceptance of its fuel flexible 100% hydrogen capable burner; the Company's ability to effectively compete and gain market acceptance in the refining and midstream market; the Company's ability to provide low emissions and system integration solutions based on continuously changing air permit requirements at the federal and state level; 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 most recent Annual Report on Form 10-K and other periodic and current reports filed with the U.S. Securities and Exchange Commission and 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 becomes aware.For further information:Investor Relations:
Matthew Selinger
Firm IR Group for ClearSign
+1 415-572-8152
mselinger@firmirgroup.comClearSign Technologies Corporation and Subsidiary
Condensed Consolidated Balance Sheets
(Unaudited)(in thousands, except share and per share data) March 31, December 31, 2026 2025 ASSETS
Current Assets: Cash and cash equivalents $7,736 $9,178 Accounts receivable 171 1,360 Deferred costs 433 329 Contract assets 8 - Prepaid expenses and other assets 431 359 Total current assets 8,779 11,226
Fixed assets, net 166 195 Contract assets 127 - Patents and other intangible assets, net 764 760 Total Assets $9,836 $12,181
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities: Accounts payable and accrued liabilities $1,752 $1,644 Current portion of lease liabilities 98 96 Accrued compensation and related taxes 257 564 Contract liabilities 63 100 Other current liabilities - 180 Total current liabilities 2,170 2,584 Long Term Liabilities: Long term lease liabilities 42 67 Total liabilities 2,212 2,651
Commitments and contingencies (Note 10)
Stockholders' Equity: Preferred stock, $0.0001 par value, 2,000,000 shares authorized, no shares issued or outstanding - - Common stock, $0.0001 par value, 87,500,000 shares authorized, 5,409,133 and 5,328,730 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively. 1 1 Additional paid-in capital 114,343 114,061 Accumulated other comprehensive loss (18) (20)Accumulated deficit (106,702) (104,512)Total stockholders' equity 7,624 9,530
Total Liabilities and Stockholders' Equity $9,836 $12,181
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.ClearSign Technologies Corporation and Subsidiary
Condensed Consolidated Statements of Operations and Comprehensive Loss
(Unaudited)(in thousands, except share and per share data) For the Three Months Ended March 31, 2026 2025
Revenues $191 $401 Cost of goods sold 584 205 Gross profit (loss) (393) 196
Operating expenses: Research and development 249 447 General and administrative 1,637 2,006 Total operating expenses 1,886 2,453
Loss from operations (2,279) (2,257)
Other income, net: Interest income 62 133 Government assistance 28 48 Other income, net (1) - Total other income, net 89 181 Net loss $(2,190) $(2,076)
Net loss per share - basic and fully diluted $(0.39) $(0.38)
Weighted average number of shares outstanding - basic and fully diluted 5,627,127 5,499,598
Comprehensive loss: Net loss $(2,190) $(2,076)Foreign-exchange translation adjustments 2 - Comprehensive loss $(2,188) $(2,076)
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.SOURCE: ClearSign TechnologiesView the original press release on ACCESS NewswireOriginal: ClearSign Technologies Corporation Provides First Quarter 2026 Update
US Market News
4週前
ClearSign Receives Order for Next Phase of 32-Burner Project for California RefineryMay 14, 2026 8:30 AM
ACCESS NewswireProject encompasses Two Heaters and Consists of New Flat Flame ApplicationTULSA, OK / ACCESS Newswire / May 14, 2026 / ClearSign Technologies Corporation (Nasdaq:CLIR) ("ClearSign" or the "Company"), a leader in advanced combustion and sensing technologies that help industrial operators dramatically reduce emissions, increase efficiency and support the use of cleaner fuels including hydrogen, announces that it has received a purchase order for the physical testing and demonstration of burners as the second phase of a process heater retrofit project comprising of a total of 32 ClearSign Core™ burners to be installed in the customers California refinery."We are pleased to have completed the initial engineering and computational simulation for this large project for a major refinery in the California market, and to now move into testing and demonstrating the physical burners at Zeeco's full-scale test facility," said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. "This is particularly exciting as these burners will be another configuration of our new Core 2 technology, a flat flame application, which will further expand our addressable market to include new refining heater types.""This project advancement follows a highly successful group demonstration held in Tulsa just weeks ago for key decision-makers, existing customers, and prospective clients. The strong attendance and positive feedback reinforced our belief that market awareness and acceptance of our innovative burner solutions for the refining and petrochemical industries continues to grow.""We believe that completing this project will serve as additional validation of our highly configurable burner platform and will demonstrate both the scalability and practical application of our technology in different operational environments."This order follows the initial CFD and engineering order that was received from this customer and announced on October 7, 2025.About ClearSign Technologies CorporationClearSign 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.For further information:Investor Relations:
Matthew Selinger
Firm IR Group for ClearSign
+1 415-572-8152
mselinger@firmirgroup.comCautionary note on forward-looking statementsAll 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, that 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 complete engineering orders for its customers; the Company's ability to generate equipment, installation, demonstration or physical testing orders following an initial engineering and computational simulation order; the Company's ability to successfully deliver, install, and meet the performance obligations of the Company's burners in the California market and any other markets the Company may sell products in; the Company's ability to further expand the sale of ultra-low NOx process, flare and boiler burners; the Company's ability to further validate its burners' performance in commercial applications and complete field installations at operational industrial sites; the Company's ability to, through its technologies, provide increased operational flexibility, cost reductions and uninterrupted operations to its customers; the Company's ability to improve operational resilience and competitiveness within the domestic defining and chemical production sectors; the Company's ability to continue expanding its customer base in the refining industry, including through new applications and/or configurations of its technologies; the Company's ability to effectively compete in the flare industry and to retain its existing customers in such industry; the Company's ability to provide low emissions retrofit solutions based on continuously changing air permit requirements at the federal and state level; the Company's ability to continue innovating and expanding its scope of product and service applications; the market awareness of the Company's products and capabilities; the acceptance of the Company's new product offerings and services by industry participants; the Company's ability to expand its engagement with current and future customers beyond burner technology and into broader emission and system integration solutions; general business and economic conditions; the performance of management and the Company's employees; the Company's ability to obtain financing; whether the Company's technology will be accepted and adopted and other factors identified in the Company's Annual Report on Form 10-K and other periodic and current reports filed with the U.S. Securities and Exchange Commission and 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.SOURCE: ClearSign TechnologiesView the original press release on ACCESS NewswireOriginal: ClearSign Receives Order for Next Phase of 32-Burner Project for California Refinery
US Market News
2月前
ClearSign Technologies Corporation Provides Fourth Quarter and Full Year 2025 UpdateApril 9, 2026 4:05 PM
ACCESS NewswireAchieves Record Quarterly Revenue of $3.7 MillionAnnual Revenue Up 44% to Record $5.2 MillionTULSA, OK / ACCESS Newswire / April 9, 2026 / ClearSign Technologies Corporation (Nasdaq:CLIR) ("ClearSign" or the "Company"), a leader in advanced combustion and sensing technologies that help industrial operators dramatically reduce emissions, increase efficiency and safety, and support the use of cleaner fuels including hydrogen, today provides an update on operations for the fourth quarter and full year ended December 31, 2025."We're pleased to have closed the year on a high note, delivering record results for both the fourth quarter and the full year. We believe that this performance reflects ClearSign's growing recognition across the industry and increasing traction in our markets," said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. "We expect this momentum to continue, supported by a strong and expanding proposal pipeline. Our highly adaptable, new flexible fuel ClearSign Core-2 process burner technology, which delivers ultra-low emissions while utilizing fuel blends, including up to 100% hydrogen, enables us to provide combustion solutions for a broader range of customer applications. These innovations have already led to an increase in our backlog of orders, which now includes projects for new heater configurations that we previously would not have been able to address.""We anticipate that these, and other ongoing projects, when completed and operational will strengthen our track record and expand our base of references. Looking ahead, our priorities are clear: continue to grow our proposal pipeline and convert those opportunities into orders," concluded Dr. Deller.Strategic and Operational HighlightsRecent strategic and operational highlights including, and subsequent to, the fourth quarter of 2025:Received Engineering Orders for 36 Process Burner Heaters and 32 Burner Process Heaters: The Company received two separate orders:(1) the first order was from an integrated petroleum producer as the first phase of a process heater retrofit for a total of 36 ClearSign Core™ burners to be installed in their U.S. Gulf Coast refinery, and (2) the second order was from a major refiner as the first phase of a process heater retrofit for a total of 32 ClearSign Core™ burners to be installed in one of its California refineries.Reported Successful Sub 5ppm Department of Energy/Small Business Innovation Research Flexible Fuel Burner Testing: In conjunction with the U.S. Department of Energy's ("DOE") National Energy Technology Laboratory ("NETL"), under its Small Business Innovation Research ("SBIR") program, the Company successfully completed the testing of its ClearSign Core™ Flexible Fuel, 100% Hydrogen Capable process burner branded as ClearSign Core™ 2.Received Fifth Low-Emission Flare Order from an Energy Company in California: The Company received an order covering engineering and product delivery for a total retrofit enclosed flare system at a production facility in California's San Joaquin Valley, scheduled for delivery in the third quarter of 2026. The scope of the order includes upgraded flare technology, stack components, and control upgrades, further expanding ClearSign's engagement beyond burner technology and into broader emission and system integration solutions.Received Order for Comprehensive Testing of 100% Hydrogen Capable Burner from Petrochemical Client Requesting Performance Mapping for Future Deployment: The Company received an order for a comprehensive range of process burner testing from a major petrochemical customer.The testing included the collection of comprehensive operational data over a range of operating conditions and fuel blends.Received Two Separate ClearSign CoreTM "M" Series Burner Orders from Heater Manufacturer Devco Process Heaters: Both orders are for the new ClearSign Core™ M25. One of these orders has shipped and is awaiting installation in a hot oil heater at a New Mexico gas processing facility and the other has been installed and successfully started up in a gas processing facility of a multinational energy company in West Texas.Financial InformationCash and cash equivalents were approximately $9.2 million as of December 31, 2025.There were 5,328,730 shares of the Company's common stock issued and outstanding as of December 31, 2025, which reflects the 1-for-10 reverse stock split of our shares of common stock that became effective on March 16, 2026.Conference CallThe Company will be hosting a call at 5:00 PM ET today. Investors interested in participating on the live call can dial 1-888-506-0062 within the U.S. or 1-973-528-0011 from abroad, both using Participant Access Code: 837062. Investors can also access the call online through a listen-only webcast at https://www.webcaster5.com/Webcast/Page/3133/53796 or on the investor relations section of the Company's website at http://ir.clearsign.com/overview.The Company will host a Q&A session during the call and investors wishing to submit a question ahead of time can do so by emailing questions to mselinger@firmirgroup.com.The webcast will be archived on the Company's investor relations website for at least 90 days and a telephonic playback of the conference call will be available by calling 877-481-4010 within the U.S. or 919-882-2331 from abroad using Replay Passcode #53796. The telephonic playback will be available for 7 days after the conference call.About ClearSign Technologies CorporationClearSign 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 StatementsAll 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, that 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, sensors, flares and any other products it may offer from time to time in the markets it operate in, and any other markets the Company may sell products in; the performance of the Company's products, including its ultra-low NOx burner and the related fuel and electricity savings; the Company's ability to timely fabricate and ship its burners, sensors, flares and any other products or technologies it may offer from time to time; the Company's ability to further expand the sale of ultra-low NOx process and boiler burners; the Company's ability to expand its sales of flaring solutions; the Company's and Zeeco's ability to successfully market the co-branded process burner line with Zeeco; the Company's ability to diversify its product offerings through different applications of its technologies and core competencies; the Company's ability to successfully perform engineering and computer modeling orders; the Company's ability to generate sales and purchase orders from its engineering and computer modeling orders; the Company's ability to generate orders from proposals and quotes sent to potential customers and other participants in the industry; the Company's ability to market and gain market acceptance of its fuel flexible 100% hydrogen capable burner; the Company's ability to effectively compete and gain market acceptance in the midstream market; the Company's ability to provide low emissions and system integration solutions based on continuously changing air permit requirements at the federal and state level; 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 and other periodic and current reports filed with the U.S. Securities and Exchange Commission and 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.For further information:Investor Relations:Matthew Selinger
Firm IR Group for ClearSign
+1 415-572-8152
mselinger@firmirgroup.comClearSign Technologies Corporation
Consolidated Balance Sheets(in thousands, except share and per share data) December 31, 2025 2024 ASSETS Current Assets: Cash and cash equivalents $9,178 $14,035 Accounts receivable 1,360 165 Deferred costs 329 562 Prepaid expenses and other assets 359 454 Total current assets 11,226 15,216 Fixed assets, net 195 238 Patents and other intangible assets, net 760 830 Total Assets $12,181 $16,284 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable and accrued liabilities $1,644 $1,220 Current portion of lease liabilities 96 75 Accrued compensation and related taxes 564 671 Contract liabilities 100 441 Other current liabilities 180 - Total current liabilities 2,584 2,407 Long Term Liabilities: Long term lease liabilities 67 113 Total liabilities 2,651 2,520 Commitments and contingencies (Note 12) Stockholders' Equity: Preferred stock, $0.0001 par value, 2,000,000 shares authorized, no shares issued or outstanding - - Common stock, $0.0001 par value, 87,500,000 shares authorized, 5,328,730 and 5,028,585 shares issued and outstanding at December 31, 2025 and 2024, respectively.* 1 1 Additional paid-in capital* 114,061 112,800 Accumulated other comprehensive loss (20) (21)Accumulated deficit (104,512) (99,016)Total stockholders' equity 9,530 13,764 Total Liabilities and Stockholders' Equity $12,181 $16,284 * Share, additional paid-in capital, and per share amounts for the years ended December 31, 2025 and 2024 have been adjusted to reflect the impact of a 1-for-10 reverse stock split effected on March 16, 2026.ClearSign Technologies Corporation
Consolidated Statements of Operations and Comprehensive Loss(in thousands, except share and per share data) For the Year Ended December 31, 2025 2024 Revenues $5,234 $3,596 Cost of goods sold 3,810 2,478 Gross profit 1,424 1,118 Operating expenses: Research and development 1,422 1,471 General and administrative 6,673 6,135 Total operating expenses 8,095 7,606 Loss from operations (6,671) (6,488) Other income, net: Interest income 439 516 Government assistance 736 664 Other income, net - 9 Total other income, net 1,175 1,189 Net loss $(5,496) $(5,299) Net loss per share - basic and fully diluted $(0.99) $(1.08) Weighted average number of shares outstanding - basic and fully diluted* 5,551,194 4,893,599 Comprehensive loss: Net loss $(5,496) $(5,299)Foreign-exchange translation adjustments 1 (4)Comprehensive loss $(5,495) $(5,303) * Share and per share amounts for the years ended December 31, 2025 and 2024 have been adjusted to reflect the impact of a 1-for-10 reverse stock split effected on March 16, 2026.SOURCE: ClearSign TechnologiesView the original press release on ACCESS NewswireOriginal: ClearSign Technologies Corporation Provides Fourth Quarter and Full Year 2025 Update
US Market News
2月前
ClearSign Technologies Corporation to Participate in Water Tower Research Insights Conference on April 15th 2026April 7, 2026 8:30 AM
ACCESS NewswireTULSA, OK / ACCESS Newswire / April 7, 2026 / ClearSign Technologies Corporation (Nasdaq:CLIR) ("ClearSign" or the "Company"), a leader in advanced combustion and sensing technologies that help industrial operators dramatically reduce emissions, increase efficiency and safety, and support the use of cleaner fuels including hydrogen, today announced that Chief Executive Officer Jim Deller, will participate in the upcoming Water Tower Research Insights Conference taking place on April 15, 2026, at 3:10 pm ET.The presentation will be hosted by WTR Analyst, Peter Gastreich - Managing Director at Water Tower Research, and will cover the following topics:Company Overview and StrategyHow the Technology WorksCompetitive AdvantagesPipeline and Order TrajectoryRegistration for the event can be found here: EVENT REGISTRATION LINKThe WTR Insights Conference is a virtual event designed for investors seeking direct access to company management teams and differentiated insights across innovative businesses spanning all sectors covered by Water Tower Research. Through a series of fireside chat discussions and curated post-event engagement opportunities, attendees will gain a deeper understanding of each company's strategy, competitive positioning, and long-term growth outlook.Advance registration is encouraged to secure access to the full agenda, company lineup, and live sessions, as well as on-demand replays following the eventAbout 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.About Water Tower Research
Modernizing Investor Engagement Through Research-Driven Communications. At WTR, we help companies and investors connect by creating expert information flow and strategies that are the foundation of a successful modern investor engagement platform. Our analysts and capital markets professionals bring decades of unrivaled Wall Street experience and insight to a new digital world of investor communications and engagement. Our research and investor content is open for everyone to access and distributed across traditional research aggregators like Bloomberg, FactSet, etc., proprietary direct distribution lists, social media, search engines, and our website. As a result, every institutional and retail investor has equal access to our high-quality company research. Our mission is to help companies proactively reach investors while bringing investors a consistent flow of quality information to help them understand our clients' businesses, industries, and the investment opportunities they present. More info can be found here: www.watertowerresearch.comFor further information:Investor Relations:
Matthew Selinger
Firm IR Group for ClearSign
+1 415-572-8152
mselinger@firmirgroup.comSOURCE: ClearSign TechnologiesView the original press release on ACCESS NewswireOriginal: ClearSign Technologies Corporation to Participate in Water Tower Research Insights Conference on April 15th 2026
US Market News
3月前
ClearSign Technologies Corporation Announces 1-for-10 Reverse Stock Split to be Effective As of March 16, 2026March 10, 2026 4:05 PM
ACCESS NewswireTULSA, OKLAHOMA / ACCESS Newswire / March 10, 2026 / ClearSign Technologies Corporation (NASDAQ:CLIR) ("ClearSign" or the "Company"), a leader in advanced combustion and sensing technologies that help industrial operators dramatically reduce emissions, increase efficiency and safety, and support the use of cleaner fuels including hydrogen, today announced a 1-for-10 reverse stock split of its outstanding common stock. The reverse stock split will become effective at 12:01 a.m. ET on March 16, 2026. The common stock is expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market ("Nasdaq") under the same symbol "CLIR" when the market opens on March 16, 2026, with the new CUSIP number 185064201.The reverse stock split was approved by the Company's stockholders at the Company's special meeting of stockholders held on February 26, 2026. The reverse stock split is intended to increase the per share trading price of the Company's common stock to regain compliance with the $1.00 minimum bid price requirement for continued listing on Nasdaq. The reverse stock split will reduce the number of outstanding shares of the Company's common stock from approximately 54.1 million shares pre-reverse split to approximately 5.41 million shares post-reverse split.The number of authorized shares of common stock and the par value per share will remain unchanged. As a result of the reverse stock split, every 10 shares of the Company's pre-reverse split common stock will be combined and reclassified into one share of common stock. Proportionate voting rights and other rights of such holders will not be affected by the reverse stock split. No fractional shares will be issued. Stockholders otherwise entitled to a fractional share will receive one whole share rounded up at the participant level with the Depository Trust Company (the "DTC").In accordance with the terms of the Company's outstanding warrants, equity incentive plans and applicable award agreements, the number of shares underlying outstanding warrants and equity awards will be proportionately adjusted, and any exercise prices will be proportionately increased, to reflect the reverse stock split.The Company's transfer agent, VStock Transfer, LLC, is acting as exchange agent for the reverse stock split and will send instructions to stockholders of record regarding the exchange of certificates for common stock, if any, for uncertificated shares of common stock. Stockholders owning shares via a broker or other nominee will have their positions automatically adjusted at the participant level with the DTC to reflect the reverse stock split, subject to the brokers' particular processes, and will not be required to take any action in connection with the reverse stock split.Additional information about the reverse stock split can be found in the Company's Definitive Proxy Statement filed with the Securities and Exchange Commission (the "SEC") on February 2, 2026 (the "Proxy Statement"). The Proxy Statement is available at www.sec.gov or at the Company's website at www.clearsign.com. Additional information regarding this reverse stock split will be included in a Current Report on Form 8-K to be filed by the Company with the SEC on or about March 11, 2026.Forward-Looking StatementsThis press release may contain forward-looking statements about the Company, including, without limitation, the Company's expectations regarding anticipated compliance with Nasdaq's minimum bid price rules. 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, that 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 regain compliance with Nasdaq's minimum bid price rule, the Company's ability to successfully complete engineering orders for its customers; the Company's ability to generate equipment and installation orders following an initial engineering order from customers; the Company's ability to successfully deliver, install, and meet the performance obligations of the Company's burners in the California market and any other markets the Company may sell products in; the Company's ability to further expand the sale of ultra-low NOx process, flare and boiler burners; the Company's ability to continue expanding its customer base in the refining industry; the Company's ability to effectively compete in the flare industry and to retain its existing customers in such industry; the Company's ability to provide low emissions retrofit solutions based on continuously changing air permit requirements at the federal and state level; the Company's ability to continue innovating and expanding its scope of product and service applications; the Company's ability to expand its engagement with current, and future, customers beyond burner technology and into broader emission and system integration solutions; general business and economic conditions; the performance of management and the Company's employees; the Company's ability to obtain financing; whether the Company's technology will be accepted and adopted and other factors identified in the Company's Annual Report on Form 10-K and other periodic and current reports filed with the SEC and 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.About ClearSign Technologies CorporationClearSign 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.Investor Relations:
Matthew Selinger
Firm IR Group for ClearSign
+1 415-572-8152
mselinger@firmirgroup.comSOURCE: ClearSign TechnologiesView the original press release on ACCESS NewswireOriginal: ClearSign Technologies Corporation Announces 1-for-10 Reverse Stock Split to be Effective As of March 16, 2026