other material
confidence high
sentiment positive
materiality 0.60
ClearSign updates 2022 ops: 20-burner California project test passed, hydrogen burner tests, new market sales
ClearSign Technologies Corp
- Final witness testing completed for 20-burner refinery project; data sent to air district; manufacturing due later in 2023.
- Phase 1 testing of ultra-low NOx 100% hydrogen burner successful; seeking up to $1.6M Phase 2 grant.
- Entered Texas Gulf Coast with first boiler burner sale to a global chemical company; installation scheduled Q3 2023.
- Two boiler burner sales in California: one to medical/waste services (Q2 install), one to recycling services with California Boiler (Q3 install).
- Cash & short-term investments $9.1M as of Dec 31, 2022; 38.0M shares outstanding.