ClearSign Combustion

ClearSign Combustion
Public
Traded as NASDAQ: CLIR
Headquarters Tukwila, Washington, United States
Key people
 Stephen Primat, chief executive officer
Decrease US$-5.29 million (2014)
Number of employees
 16 [1]
Website clearsign.com

ClearSign Combustion (ClearSign) is a United States-based company that develops emission-control technology.[2]

Products

The offices of ClearSign Combustion pictured in 2015

ClearSign develops technology intended to increase energy efficiency and emissions standards of combustion systems, primarily industrial and commercial boilers and furnaces. [2] Its products include Duplex Burner Architecture, which the company says reduces combustion burner flame length by more than 80-percent, in turn increasing thermal capacity and reducing operating costs. Duplex Burner Architecture won the "New Technology Development of the Year Award" at the 2014 West Coast Oil & Gas Awards.[3] The company's other major product is Electrodynamic Combustion Control, which uses computer-controlled electric fields to control the flame shape in boilers, kilns, and furnaces, preventing pollution from forming. [4][5]

History

ClearSign was formed in Seattle, Washington in 2008. Its first chief executive officer was Richard Rutkowski, who also became chairman of the board of directors. Rutkowski was a co-founder of projection technology company Microvision and nanotechnology company Lumera.[6]

In 2012 ClearSign held an initial public offering which, according to the company, raised $13.8 million.[7] ClearSign chose to delay adopting accounting standards required of publicly traded companies under the Sarbanes-Oxley Act, taking advantage of exemptions in the JOBS Act designed to make it cheaper for development-stage companies to raise capital.[8] It is believed ClearSign may have been the first company in the U.S. to do so.[9][10]

In December 2014, Rutkowski resigned as CEO. He was replaced by board member Stephen Primat.[2] The following September, the company was named "Technology Company of the Year" by Petroleum Economist.[11]

References

  1. ↑ "Clearsign Combustion Corp. (CLIR)". finance.yahoo.com. Yahoo. Retrieved 13 January 2015.
  2. 1 2 3 "ClearSign CEO gets golden handshake". Seattle Times. Seattle, WA. 19 December 2014. Retrieved 13 January 2015.
  3. ↑ "New Technology Development of the Year Award, West Coast 2014". oilandgasawards.com. Oil & Gas Awards. Retrieved 13 January 2015.
  4. ↑ "ClearSign Technology". clearsign.com. ClearSign Combustion. Retrieved 13 January 2015.
  5. ↑ Wogan, David (17 December 2013). "Flame-Taming Electric Fields Could Make Power Plants Cleaner". Scientific American. Retrieved 13 January 2015.
  6. ↑ "FORM S-1 ClearSign Combustion". nasdaq.com. NASDAQ. Retrieved 14 January 2015.
  7. ↑ "ClearSign says IPO raised $13.8M". Puget Sound Business Journal. Seattle, WA. 16 May 2012. Retrieved 13 January 2015.
  8. ↑ Chasan, Emily (26 July 2012). "Small Companies Still Wonder if Sarbanes-Oxley Is Worth It". Wall Street Journal. Retrieved 13 January 2015.
  9. ↑ DeSilver, Drew (15 April 2012). "ClearSign's $12M IPO among first to use JOBS Act exemptions". Seattle Times. Seattle, WA. Retrieved 13 January 2015.
  10. ↑ Grunbaum, Rami (28 April 2012). "Meridian Ponzi's 'winners' pursued; ClearSign IPO and the JOBS Act; shoes sport Buffett's image". Seattle Times. Retrieved 13 January 2015.
  11. ↑ "Validation: ClearSign Wins 'Technology Company Of The Year' Award". Seeking Alpha. 18 September 2015. Retrieved 25 December 2015.

External links

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