CLIR - Earnings call transcript Q2 2024 | ClearSign Technologies Corporation

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Operator

Good afternoon, and welcome to the ClearSign Technologies Second Quarter 2024 Conference Call. [Operator Instructions]. Please note, this event is being recorded.

I would now like to turn the conference over to Matthew Selinger of Firm IR Group. Please go ahead.

Matthew Selinger

you, thank and afternoon, operator. Good the Welcome, XXXX Corporation Quarter Technologies Conference everyone, Call. to Results Second ClearSign

During call, of statement about prospects. that a this These statements. statement. the is forward-looking conference forward-looking plans, not the company's company statements projections, a beliefs includes statement This historical expectations, is make fact remarks will and Any could to are judgments and important of materially and call conference to described based forward-looking analysis numerous date in results on statements. are and risks cause from those that uncertainties this differ as of actual subject the the

ClearSign discussion the period on Risk associated are the SEC, intend of be call ClearSign sales to, the described the expanding the to not Factors uncertainties to that and risk its successful in assumes with this not XX, no periodic field in whether statements ClearSign conference December so. products or ended XX-K The and do in but of limited section will are required Form forward-looking other events for and Except with responsibility risks whether market in forward-looking will and made products public be testing ClearSign's include, outcomes XXXX. completed, including by filings reflect statements these to as does law, Report Annual for the update XXXX future the successfully

that, Officer. would call with Hinds. Deller, Executive I Officer; Chief turn And the are this and the ClearSign's the ClearSign's CFO, on over Jim me Hinds, Chief with Brent to So Financial today call point like Brent to call, at of

So ahead. Brent, go please

Brent Hinds

today. thank us And you joining Matthew. here Thank everyone you, to

the XX-Q our on of second in are Before the Wednesday quarterly XX. with I August XXXX that Form financial for results the I'd SEC on quarter begin, to like included report filed last note

an like give quarter the for second of I'd of that, with And financials the XXXX. overview to

pipeline. $XXX,XXX company same XXXX, is used of Jim on build delivery to period in with quarter indication as second in we lumpiness can guidance. shipping the This the sales to comment work later natural our our revenues. for the which XXXX. comparable frames, future don't compared an driven in to We by recognized provide give $XXX,XXX $XX,XXX time continue the of our in approximately For business project revenues and revenues pipeline will

the at whole. as income statement Looking a

Our to net loss restricted increase in Hoffman was unfavorable to compared Directors. stock event with which an of change of to units predominantly due for Board of XXXX noncash the approximately year-over-year the the $XXX,XXX $X.X the vesting in period resignation second from of approximately a quarter same This onetime $XXX,XXX in related is connection unfavorable was for Mr. XXXX. million, the

our like specifically, I'd focus More to statement Now sheet. to the cash. income shift from balance

to approximately net This $X.X change unfavorable was compared year's prior of for quarter for by Our the XXXX million the of generation in the cash year-over-year approximately was period operations. same $XX,XXX of cash second used operations a in XXXX. driven

of because quarter As you billing milestones from our in we second the during specified met of cash collected may we a amount significant customers contracts. XXXX, recall,

on focus July the its in stock our participate participation Pursuant right. XXXX, we like clirSPV ], exercise the equity also I on continuing a ownership. to revisit cash. maintain agreement announcement of an can [ June offerings full gears Shifting made would purchase to we dated SPV XX.XX% XXXX announced to where XX, XX, to

in approximately $XX in participation this $X.X balance million of added right to exercise Coupled million recent our the equity balance offerings, to cash we approximately full sheet of XXXX. quarter sheet. added the the cash in other The with the second

doing From and our believe approximately instill this $XX business capital reported financial we suppliers in million confidence with of as equivalents. in cash us. position working greater therefore, when a we So XXXX, a of cash June perspective, XX, customers balance and

with I'd to call our Jim Jim? over to that, Deller. turn And like the CEO,

Colin James Deller

for financial Brent, the you, overview. Thank

call on for always, your for us everyone interest today and joining in thank like I'd to As the ClearSign.

our Before Hoffman, I commercial the years former service and development viable for start Chairman to on support want clirSPV. from thank Board, Rob this financial instrumental entity and in his for research technology to today. was Rob Board provided we of ClearSign member, behalf of support and for company are I the company by and fostering the ClearSign a

Directors of vacancy brings over note, clear Rob's care technology, similar and SPV's services, a as designate. experience Todd years the Silva in ClearSign like industry XX of I'd to to On to financial and spanning welcome health others. financial Board Todd fill leadership

exciting we and this other working think the to Board forward Todd company. an I members. is look time with for and the

today, our will of then call the starting our For then outlook burners move rest I product with boiler to line, burners the process the review and discuss the year. for

up in burner In our started burner from were afterwards, So retrofit third-party and These Energy process discussed side, relate. our as side heaters last installations burners head tests. California. measurements line. are verified other been just largest warm by with X their X time, that by projects shortly turning At with orders source to our emissions Kern known call, and and follow-on have we the our

orders, is orders receiving previous Since we Energy. for scope is Kern also heaters initial X the we By engineering and anticipate to retrofits follow-on order complete. those additional for for X follow-on orders projects, the after complete have these fabrication and purchase deliveries the engineering, received at

regards work on the in for existing We our continue also Kern obviously, with but to projects, future. to discussions Energy,

also California's our and to to values their helps from may LinkedIn emphasizing of footprint. and technology air the established projects from perspective, continue news In messaging meet You words, -- priorities their emissions supply to clean our are Kern referencing since refinery important and beyond the together further Energy. why environmental go Energy, on particularly their their goals see and other work Clear Kern reduce limits articles

engineering On and July burner Birwelco Hamworthy, International we XX, to of the that burners engineering be XX received heater first a Inc., a to line. a USA, most the Coast have in we chemical in product boosted Fortune order our Since recently, our we facility then, further heaters company had project progress significant total with company. made announced global company XXX ClearSign retrofit from installed process phase Core of for process the of Gulf

for be U.S.A. part is Gulf the for important, air now their is, the and is as because expect not associated order the that advising to current of regulations. which Texas, that is market process facility one the the lines largest This clean that region revenue and also of ultimately product anticipated our for just but Coast we in destined in as size with order it is important a

the the manufacturer selection being paramount ClearSign. the for the of heater and of also prominence Birwelco of engineering which equipment Because were with resulted in the of project, placed in order this the

International a For website. insight burners. engineering require them, to which in predominantly get with the They the particularly and Europe, of includes change of looking in work major companies or and the and sister visit and refineries to industry, list anyone based refiners, including Birwelco this I into Houston heaters projects encourage petrochemical to Birwelco are midstream chemicals. Boosted BIH, their at Heaters, of Malaysia to you up plant upgrade projects supply distinguished and part to new that look or Singapore. of They out business is

an we exposure expressed and them of to future makes confidence We in ClearSign's to offer positioned of their be technology solutions clients. part us what [ to experience allowing ] the provide believe for have and that having it the well do may Babolgo

them. nature engaged with As early stage conversations of are you would this other in expect, we

chemical in company you If we in mentioned participated working previous their become have major to vendor approved are that system. a conference we global calls, with

was have described. In fact, to not but a was one precursor of that a order this one-off I just these

location -- have partner, The California large test in final provide heaters XX will in there time some and of the fabrication completion. in very time nearing up Angeles running, burner by Beyond finishing XX the our Los hub Angeles order and witness When especially burners ] client was Zeeco given their with this for [ these to be in late which our September. a to this, Los completed reference shipped burners, another area refining are be now significant area. ago, will us, a has and the X we

with in revenue contract the the will noted, upon burners. terms of accordance collect shipment this project, we of previously As

milestones reverting Brent's comments to our back projects. contractual our So of earlier, the revenue is based on flow

So that lumpy. establishing be period we anticipate are which we the flow during revenue in sales, may our

in we While quarter what shipping significant the results. of second financial orders had our this sales XXXX, like up show news are in

sale XX, product crossover process sale On heating. sale. our our of burner largest a June couple we is announced burdens of for line, meaningful for Regarding fire our horizontal the The reasons. meaning

will Xx and almost ranges the to hour the of sold. of single have this rate designed million First, per this, our With the large-sized for burner close previous demonstrated our burner medium field. small, is BTUs we products XX at size in fine largest

Secondly, burner of midstream in to sold our burner. projects expand received was heaters channels. manufacturer, introduce that into another provide which in collaboration quotes for regard, we heater the DevCo customers DevCo market, and with DevCo solutions, Process have our sales this or new from supply this will additional In requests

going into a Central will burner be in The facility. gas heater processing Texas

for that and to burner quotes This these burners. gain this a customer believe this delivered to quarter line ready third during the traction. We is expect there for be market interest We of product indicate continues the year. level requests

proposals that near progressing to are have this news future. further have progression We hope I in and well, the from

burner update have on hydrogen an technology. also our We

our mentioned that shared that LinkedIn. worked On the those and initial last on have results exceeded of project. this at we call, the we new had of very stage technology have We this some reported well expectations

robust to offer the we able performance hydrogen soon. do new and complete, While work product been and this some for are burner line this comprehensive still to sale calling that have is before product already sufficiently doing have we

with the and XXX% today in at fuel of and And to a the and additional when is they place attributes other hydrogen will meet to currently their the install technology with the hydrogen this of fuel introduce a source in the that to streams of available convert new this, NOx have ready as is can fuel perform future, it the XXX% also requirements that today. product technology only or in gas is One not as in hydrogen time, becomes it to because future. gas same our but use fuel that operate their customers operational

we our can a I week, of our and of confidence event of that we which in and the by demonstrate this industry launch customers and stakeholders. the capabilities we Zeeco other a technology in this to its burners. Obviously, familiarity develop emphasized is have throughout one priorities technology process frequently hosted at facilities Zeeco. our Last burner in installed our our as holding that key is base, operating this, such developing progress also part but test events technology

you hydrogen and including about is of first expect, for was a would et it of by this for to and our presentations series installed presentation burners time. person how customers our and introduction new accompanied it As see in technology, cetera, discussions provided our the literally which an opportunity our operated,

manufacturers were The engineering we the well well companies. demonstration senior burner heater was day. and attended, global discussions construction an with of major company, presentations received consulting procurement the throughout equivalent engineering, seamlessly super demonstration significant multiple and by leading active global with from global This or can included tell engagement and went and and prominent refineries representatives technical multiple X and chemicals what companies, EPC

prioritize hydrogen particularly XXX% dialogue customers in with to new pleased highlighting also the that active our was help development significant them. It was for continuing initiatives. raising What solve these them and value of also interest note I'm helpful product their and is caterer. and the pleasing we challenges particular, our their our very as there's the solutions could needs technology in how respective

and There both clean developments Colorado in to burner lines. that have and both are process product regulations air boiler been Texas relevant some in the

all, news year wrapped at new are there TCEQ. Commission time these Texas will on both of to government Standards SIPs many control in and for Houston moderate the regulatory that available Texas, implemented, changes the rules serious. temper or Texas state implementation implementation by was Quality EPA compliance a believe monotonous the This ClearSign Quality reminder for good final for moment for First, reclassification ramped I or by National United take Dallas Most long-term Ambient with and implementation for the regions plans a emission Greater XXXX. not to that processes of Environmental state to and Ozone with if We technology Air and reasonable of be of and a notably into until developments due early are business. sources. certification for late plans States the actions both next rules a revision triggers regions. Greater for the or XXXX

customers regulators these the on Although on that in are positive permits the the areas changes know and side, issuing effective the horizon.

NOx expect new requirements be ahead permits regulations and should formalized. we pushed being new opportunities down of So for the

in of North the the Secondly, nonattainment and to federal sent a and recent Governor range, Health Department Polis Director XXXX front ozone March directing Public by Environment and dated Colorado. affected the of Colorado letter of NOx the to XX% directs severity following Denver reclassification and by XXXX. XX% the Executive for the letter XX, Ozone these by of and for reduce XXXX, in by reductions. agencies action the This regions end NOx Colorado

Carbon Public & Health process initiatives. met Management support person we to identify we Environment their how with this staff understand about their introduce both the of Technologies the ClearSign of Commission and senior could reduction the weeks Following Energy Department to and NOx to planning and X in development ago,

through. Now X.X scale, underweight. there would burner brand expect [ The large to NOx turning burner X are as this is California some to in this first and This commissioning plan of details the installed, with boiler a ppm our recycling is work of burners. being NOx X,XXX-horsepower you for burner ]

great us. and we and However, we completed. out. for will a believe the believe having development full to installation this these in we We are that the forward When close operation be having to service, planned in test prominent in source former worked this a industry reference look

boiler the typically to, our that modeling, our burner extremely being narrow. fired will for and short design of current is mind, XG new low it is provide computer as as burn this heaters optimized the length for technology flame NOx space horizontally also boilers. in in and We in performs which If burner boilers expect manufactured. first and Bear long the article shown we have in it

The first at this The oil boilers, effectively the this hot segment heater new to have this for included Texas. new point. we market burner able in that will this a is not pursue is the that section been in this watertube a anticipate that in design burner market of for we be installation I've of reason biggest

operations able installation Our expectation of in is schedule. to be with the year, this that be fourth install this burner although we on will may the the coordination contingent quarter the client's

already new we opportunities to of design pushing in several new boilers. as We be waiting this applications for be terms to from processes and oil early midstream arrange are customers installation demonstrated and to watertube on or this as service can we in covering both potential existing because hot clients have type both repeat orders and

that fund and California Other Ana, and to next California upcoming be The include industry week. on held will research burner efficiency related boiler companies demonstration utility line in Santa energy our products future investor-owned events near available technologies.

contract Company Emerging One Technologies which statewide through Southern these Gas and Gas the a a a California global consulting called is digital or company. by to administered awarded services is program, of programs GET ICF,

and to necessary technologies gather barriers program's key efficiency of and important potential develop screen pleased have ClearSign objective such barriers. strategies these market information data identify The this overcome in technologies, gains is technical to and on participate is to the to to selected source been program. to guest adoption

typical the at and technology completed fuel standard formally tested improvements industry to can a study that compared translate burner. ClearSign have savings into We burner boiler quantified operating that efficiency ultra-low-NOx Core a

program. by testing by by also directly method third-party the test or independent developed third-party overseen The and engineers was independent engineers the GET contracted was

is released We they at today program, not have work are GET a as time. owned able report the give results this by data and the not to and

in to pleasing and plan were notification, provide efficiency on demonstrated. both emissions We results but a on provide our terms and of issued the also report that say link access NOx this when and can I is to However, website available LinkedIn. it

The study week. the demonstration in of physical and the presented next a be demonstration industry at results will burner operation

including California operators. many attendees approximately and and super both major the air companies, energy companies expecting California infrastructure engineering boiler are national and various We XX local, refineries, national from regulators,

an this line. first we but is moved which installed to and at That to February One our is the production, X final burners to California the announced end burner year, In update first the the ship plant. a end of of burner on boiler has project order, of and burden schedule client out scheduled of by the year now that is quarter first little be the in XXXX.

project will informed usual, As progresses. that we as be

As burners that we for X project. get these remaining for the

burners, delays. boiler last the I call, China some certification seen regarding mentioned finally, has And project that on our

schedule do significance project made, time. While this the I some been progress not at have has regarding any

areas is it here product actual given also high At to mostly level, articulate is are framework closing, level customer a worthwhile are level. to are progress. it cetera. or a and understand focus consistent et have a these we there demonstrations, and to we I that strategic of what tactical at at updates strategic In are to at individual provide get and updates, doing look doing The what are useful a to

top increase we and the develop that developing in our term need familiarity do and continue new, value but also both to is Our because to our the in in to to objective future. technology reputation provide we increasingly our this, sales customers is profitability the products need and market. line near To

for leading project have we most customer and and and In the working is especially in getting now this with experience our heating of and also direct of manufacturer who first-hand working products is a firm, engagement engineering for the actually us United ClearSign. our a midterm for in chemical company process the likely Texas, towards market for burn new discussed this objective, significant orders, in order States

we'll for order industry another a burners for product be also And Under demonstration doing Zeeco large-scale carried our XG last process in product demonstration week. the this facility out general in we next California seeding line have week. objective, the

from our our noting relationship there. press us We're them Energy Kern with by evidenced as regarding both releases installations and

publish to continue with the remainder related of news this year. installations to journals and our will We throughout Energy Kern

ready support and hydrogen most developing burner same the our today new to markets fuel use in for In business burners enabling become products bringing the the while time new of available. to now themselves. up to process from higher gas new and maintaining investing ranging energy fuel are installed and are of we burning capable new be hydrogen those products continued new and to XXX% market market-leading our be NOx advanced growth, are The levels, gases our fuels as customers that

a of We as are this burner And starting lot for as seeing to the burner. in level of interest engagement demonstration are mentioned, last evidenced in new proposals the week. sales provide we this during

new new second The burner. fired horizontally product a line,

open this the first the installed heater to new expected burn plans this be in to market of the the When in commissioned, oil addition the to in watertube heaters is and in process Texas. installed With up market. fabrication technology burner and midstream us for boiler successfully hot currently in

We demonstrated first the this burner, have in on also just this operation in waiting article interest Texas. already of

of an We work marketing we the to of development of dropped technical some standard portfolio some customer develop which continue as business and multiple requests assessments get and technology, will variations opportunities. are receiving these early-stage of also projects which ongoing maintain of our we different new for and through

Such the the in the development computer recent of also modeling category resources. same future, development are our investment as capabilities. the considering we In of for

talked continue our about future. I engagement the Colorado, We on. will regulatory also which access we market work with developing for engaged briefly leadership to the in in

that Texas. and in Board, the in Air contact of We districts California the TCEQ members freaking body in with are Resources oversees also also the air California the

a effort. addition We to appreciate of operations business get will ongoing that our this time take lot and all to normal in will done

team. and only of appreciate all We headcount the had but and are running cost of conscious ClearSign, needed. our of hard to work our absolutely we the greatly I dedication

with open for Please, the up to operator? And that, I'd questions. call like

Operator

[Operator Instructions].

from of H.C. the Wainwright. Amit line Your from first Dayal comes question

Amit Dayal

a are pipeline. I sales all you dollar us help it's you the So guys it's to to and will give maybe over how much mean, what making, pipeline? you your have hand Could out few Jim, getting hard see in orders the you of and that now in is be sense in bit the little all the good And almost a as quarters? us shipping next progress track

Colin James Deller

for Yes. you, Thank question. you your and Amit, thank

numbers sales $XXX,XXX size. I burners is process given boiler we've rephrase obviously things to or But a the cover vary price burner for products think boiler start, our in everyone, burners I'll estimate good the and and horizon. simple to general keep of

I talk then we certainly to -- bit projects talk the can and both existing burners, the in future. our in So what of a have about little number see the we then

in on XX the think the I ship mentioned September. the we I big X as line, California orders, expect process which burner So to burners, to late

burners XX there's So there.

the expect X engineering chemical which There's The Energy. for those just the engineering that with Texas, orders. in have heaters XX for complete. XX progress We order, about we've facility burners. in mentioned that's down for to Kern those fully we is just total There's X

oil burner handful We obviously with a of boiler progress. in X-burner burner and are or California. single plan the X have oil heater client burners in hot There

and assess revenue I work to that's to the the standard But part I that's, orders. good we the parts be right, recognized a that Obviously, think, So there's that service to the framework have burn spare date. we engineering other think on and work based and of do.

the Going I'm a oil as expecting in there. conscious to always to of what's about we're heater a in line the hot out lot hand seeing interest are opposed and burn forward, progress. we that But

mentioned, have, and ongoing interest there's I Kern certainly Energy, We relationship there. with

these announced engineering company is I The the of feed frame, typically out go conversations These going even think we something be the and that enter are as more. growth years time through in company for in to some big how like look Birwelco, from in involved out, I you the that's of me stage feasibility to that's we've and drawn involved the sometimes in exciting feed just a the to long-term the invited assessment But are customers at the also that where things or and is logics. the comes important the that thing very X further load financial really getting stage developing early. were Texas. getting projects. really of by some the future, company pipeline of But first the with down projects the order growth ongoing our is more discussions

For me, recognition the is reason for ClearSign's it's but that's that an market. one in of pipeline, trust growing encouraging Technology the there indication the out and also of

Amit Dayal

to the burner Understood. hot to the developing? And process just clarify, oil heater opportunity is you horizontal that are tied offering

Colin James Deller

the number process. the generally a those industries processing We've there's single different process and That's several of applications. describe we're of of generic number Oil but oil it's heaters horizontally used that There using of a are as industries. the and in a actually We've glycol correct. -- heaters, different for used heaters that names horizontally fired there's to processes, draft a gas heaters, more -- term fired name. burner burner number

Amit Dayal

to of with you how development guys basis going stretched it. on activity in going about Okay. are more Are all costs Got you said a people? looking getting deployments you business probably a the we and quarterly And on. opening should forward? add of think little terms

Colin James Deller

job as X as currently We use advertisement -- have open -- I an have we as X posting out. don't I well. this currently

the is That as come an orders that or regimes engineering that project viewing team trained focus even we sales senior engineers in-house the maintain monitor schedule to that and execution the position team. and staffing execute you'd our management on the do that because that the and have. we not work as have on in have that only customer currently are not and with that reason of have, Obviously, to that in load their they're to both we but will orders do also need to And the on Part engineering to current assist able appreciate and conversations more we I in on timeliness open engineering field very installation get want also a focused our in, team. work. we people our we are of level. up It's maybe bring engineer effective ensure only to that to consumed effectively orders so order the clients. furnace out test and salespeople We with are in low

So to a level. our workforce we low do keep

the off outreach We also that balance foot have the and the have not us. do people we focus to make job and sure gas the so activities are and a sales to to the important take right on that to that

I looking of just think as positions we positions These business. are in terms growing the part that overhead costs. add of at

cost, them -- classify they're workflow. So wouldn't very are as a I not oil less of much they function the increasing

Amit Dayal

how And to last getting you're customers? with more Just sales that any Zeeco color just demonstrations you demonstrations of your you kind just leveraging with clients. And for visibility one are me. These Understood. What the on these how from from improve helping that? response doing maybe are is get this sort cycle? of

Colin James Deller

mean the see to believing. doing can -- is industry I and to do this big Absolutely. is in demonstration to person of seeing the was It the to firing this done Often, what are show Yes. we burners demonstration. people mean normal. whole purpose not Most get burner. single with just a in a is test furnace. furnace -- week single a it was That last X tests I

There engagement. dedicated, for They across conversation it's a in country to conversations, burner especially We in, burner lot to the important a of lot people the here a and got of with the day Vegas think was were show active trip hydrogen through had evening. pursuit around they've us. flown for demonstration the burners the burner. made note this We performance. of town I full reasons purpose. ran in fine of including well. be a The the Hydrogen was this that hydrogen There dinner the to not came that

the We conversations. up picked there's lot turning you front -- have ClearSign always as how very we're opportunities had will conference, more am them they demonstration. bidding of of could result help no in customers immediately And of got our of confident and mind. lot I And those with a good from dialogue of into we've just customers, and lot and that a result problems. their a conversations specific as staff lot a you at a that and think that And amongst lot a opportunities I customers not very with would engaged a future potential initiatives of of conversations. expect, ongoing up immediate where your the of their engagement we having asking conversations but opportunities, while picked opportunities one-on-one with as were a we that of maybe think that I keeps And get we

Operator

[Operator Instructions].

Unknown Executive

Operator, read via ahead we've couple going a go to I'm got and e-mail.

read So I'm the going question. to first

like and third exist? increasingly your talk press in how heaters may of you about You've manufacturers releases we Can many sales. may these how of highlighted have recent parties about heater these many

Colin James Deller

good I'll and a question. the I best answer can. That's

back little So it's probably bit, into everyone to a step the good industry. -- how to manufacturers, just fit companies engineering the explain the heater

as package. to So would goes put changes would company would engineering and and [indiscernible] if the heater. them, redesigning Or into buy that they to a heater heater those and heater to a to one heater, in then buy heater to equipment. manufacturers very they role manufacturer has heat the the also outsource you the go if burners Sean that and And requirements, the heater work new on typical have own want think heater clients work and of of companies then or or that a supply manufacturer selecting part meet heater they of a require the he purpose to prominent to emissions and typically

is about very a extent engineering, good prominent do a Birwelco. very Birwelco few [indiscernible] I in peta and really that they manufacturer. in talked of the XXth the that they a example the some of turn During announced to we role. ago, remarks minutes influential were order

get Yes, business get companies for heater as sell for another it of as lot company burners that's in because a they about we as channel customers their themselves. And their heater project, sales and we sell then use part effectively, new trying act to that's do our involved are us. what and solution I to products they do aware ClearSign of to constantly that a can

details, to heater look go companies to need with that of worked but I we've half back at date. we're dozen handful a probably a and So through

I question. the part might That's think in of be up that order. or the that X somewhere easy X by

think bespoke ended. I a to question more XX, Taylor in companies many are U.S. number a the you is where heater heater much And the and frequently are actually than big how will a they are engaged smaller that. is lot companies how more open lot engineering there out well. the are on as and But are that companies depending there of market. engineering, probably the There's be heater include

So be put that to. part is, honest, a number to difficult to last

Unknown Executive

release your Can in independent more give data. question, press to event you you an California today, stated color? unveil week second The in next

Colin James Deller

all, Well, you thank first of press for release. the reading

technology burner burner. focused Zeeco our on for So week very ways, this demonstration process some some at project, financially it's in similar ran first is boiler than us, all, to with rather the last significant the of

technologies a of ongoing GET increasing savior decarbonization have the NOx less means Essentially comparison or at California reduce to carbon. is efficiency. efficiency an and emissions We part the being that that's to study for burner is to and look program increase by burner run been

that the and and NOx the is low can exceptionally numbers. focus this how of program really So you is these achieve boilers decarbonize maintain

Boiler us and run of We be releasing by put owned paid engineers them. program yet. in by GET funded by is follow announcements at they a will The report. September, were we The The early on has outlook. hosted believe sites. was please will LinkedIn, a partner our sometime It data by GET, and California

host the our out will website. report We on

They boiler. concluding is the by GET of have maintain this technology one of activities list. managed list one the distributing in next the week They Also, It's the the operating ClearSign program. the demonstration have is and the primarily been -- this.

we I up think had attendees for registered last to XX counter day, that.

a a more actually to to has going at share be the and is is having burner especially time. to refinery boiler decarbonization about got burner this Zeeco don't also exact we've they're to a a the big out California that big deal the demonstration, because of today. I Some for really this the that the talk my shown so level efficient were opinion. results, is them into technologies, some in Global as in those NOx But engine same was our that leading have interested engineer data of But and came deal

Operator

this are any There for questions remarks. you. further Mr. at no Thank to like the closing Jim turn CEO, conference time. I to would back ClearSign's Deller over

Colin James Deller

today. interest for thank updating speaking We developments all with our forward Well, time on to to call. you look everyone, you and participate your thank next taking and And our you, regarding the operator. you,

Operator

for call. today's Thank you concludes participating. This

disconnect. all may You

ClearSign Technologies (CLIR) 21 Aug 242024 Q2 Earnings call transcript