Clearsign Technologies recorded an increase in cost of sales by 325.64 % year on year, relative to one quarter ago cost of sales fell by -43.15 % in Q2.
ClearSign has a collaboration agreement with Zeeco Inc. that provides access to Zeeco's industrial-scale test facility, subcontract manufacturing of burners, and coordinated marketing and sales efforts. Key suppliers include Zeeco Inc. and Birwelco USA Inc., a BIH Group company. The company has received orders from various customers, including global supermajor refining companies, Fortune 500 infrastructure and chemical companies, and heater manufacturers. The burners, used in process heaters, have met emissions requirements, with ongoing modifications to achieve contractual performance at high firing rates. Installation timelines span from 2022 through anticipated installations in 2026.
Clearsign Technologies's Comment on Supply Chain
ClearSign has a collaboration agreement with Zeeco Inc. that provides access to Zeeco's industrial-scale test facility, subcontract manufacturing of burners, and coordinated marketing and sales efforts. Key suppliers include Zeeco Inc. and Birwelco USA Inc., a BIH Group company. The company has received orders from various customers, including global supermajor refining companies, Fortune 500 infrastructure and chemical companies, and heater manufacturers. The burners, used in process heaters, have met emissions requirements, with ongoing modifications to achieve contractual performance at high firing rates. Installation timelines span from 2022 through anticipated installations in 2026.
Sources:
Clearsign Technologies Corporation's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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