ClearSign Technologies Corporation (NASDAQ: CLIR) watched its shares just clear breakeven Tuesday, as the emerging leader in industrial combustion and sensing technologies that improve energy, operational efficiency and safety while dramatically reducing emissions, announces that it has received a burner order from Exotherm Corporation of Houston, for installation in a heater in Oklahoma for use by a power generation company.
“We are grateful for this order, and are excited to enter into a new working relationship with Houston-based heater manufacturer Exotherm,” said CEO Jim Deller. “This order is our first entry into the power generation market, and also expands our geographic footprint with our first commercial installation in the state of Oklahoma. We are very encouraged by the continued interest in this new horizontally fired process burner product line and the continuing success of our sales strategy of promoting our burners and solutions to heater OEM’s. This relationship with Exotherm is a new and valued addition to that network and we look forward to continuing our business relationship with them.
This order is for a burner to be installed into a bath heater to heat natural gas for dewpoint control. The burner will be installed in a process heater in Oklahoma for a customer in the power generation industry and is expected to be shipped by the end of the fourth quarter of 2024.
CLIR forged ahead 0.4 cents to 78 cents.
