"Just a few days ago, we reported what we believe may be a significant technological breakthrough, resulting from an effort that began during the 4th quarter of this year. We were asked by a key prospective customer in the oil refinery market to reduce flame length by 30% without increasing NOx emissions. This is an important goal that, if achieved, would resolve costly compromises between effective emissions control and process throughput and energy efficiency in refinery heaters.
"To do this, we developed a highly innovative two-tiered 'duplex' burner architecture that has allowed us to significantly exceed this requirement and reduce flame length by as much as 80%. In accordance with the customer's requirement, we did not increase NOx, and in fact, were able to reduce it. We plan to publish more data on this in the coming weeks. We believe that this novel approach may be broadly applicable to burner design for a wide range of potential applications. The improved flame shape may have significant implications for increasing refinery process throughput and production yields.
"Our business development activities have also been successful and we have identified significant launch opportunities in several large market segments including:
•Ultra Low NOx burners for a broad range of commercial and industrial applications including package boiler and process heaters,
•Commercial and industrial solid fuels, including biomass, waste to energy, and coal.
"In these cases we have defined and validated with prospective customers, partners and third party subject matter experts, system requirements and related benefits.
"Our technology and technology demonstrations have been well received, and we are actively engaged in discussions and/or negotiations with prospective customers and partners -- many of them prominent global enterprises. We are determining how we can most effectively collaborate, in each of these categories, to advance and deploy ClearSign's technology in these high value market segments.
"We have added strength, depth and capacity to both our development team and our business development team, with the notable addition to our senior leadership team of Dr. Roberto Ruiz as Sr. VP Product Development.
"We have accomplished all of this with a small, but highly capable team and an operating budget that is, we believe, very modest when compared against the far-reaching market potential of our technology. We are well positioned to continue with this record of progress as we advance our technology and pursue the formation of key partnering relationships that will set the stage for successful market entry."
A conference call discussing the release of the Company's results for the year ended December 31, 2012 is scheduled for today, Friday, February 22, 2013 at 4:30 PM Eastern Time. To listen to the conference call, you should dial 877-407-8031 (international: +1-201-689-8031) five to ten minutes before the scheduled start time and request to be connected to the ClearSign Combustion Corporation conference call. If you wish to listen to a replay of the conference call, you may dial 877-660-6853 (international: +1-201-612-7415) and enter conference ID 403390. The replay will be available from 24 hours after the conference call until December 1st, 2013.
About ClearSign Combustion Corporation
ClearSign Combustion Corporation designs and develops technologies that aim to improve key performance characteristics of combustion systems including energy efficiency, emissions control, and fuel flexibility and overall cost effectiveness. Our Electrodynamic Combustion Control (ECC) platform technology improves control of flame shape and heat transfer and optimizes the complex chemical reactions that occur during combustion in order to minimize harmful emissions. For more information about the Company, please visit www.clearsign.com
Most Popular Stories
- Hezbollah Chief's Assassination Claimed by Sunni Group
- Allstate Seeks to Invest in Minority Firms
- Stolen Cobalt-60 Recovered in Mexico
- SpaceX's Satellite Launch Is 'Game-Changer'
- White House Pushes to Extend Unemployment Benefits
- Latin Music Conference Turns 25
- First-time Jobless Claims Drop Below 300,000
- Sarmiento to Handle Greeley Latin Ops
- U.S. Growth Stayed Steady During Shutdown, Fed Says
- Calif. Likes Christie, Says Tea Party's a Drag