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Home Press Release Accesswire

ClearSign Technologies Corporation Provides Second Quarter 2026 Update

August 20, 2026
in Accesswire
Reading Time: 27 mins read
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TULSA, OK / ACCESS Newswi e / August 19, 2026 / Clea Sig Tech ologies Co po atio (Nasdaq:CLIR) (“Clea Sig ” o the “Compa y”), a leade i adva ced combustio a d se si g tech ologies that help i dust ial ope ato s d amatically educe emissio s, i c ease efficie cy a d suppo t the use of clea e fuels i cludi g hyd oge , today p ovides a update o ope atio s fo the seco d qua te e ded Ju e 30, 2026.

“We made otable p og ess ac oss multiple p oduct li es,” said Jim Delle , Ph.D., Chief Executive Office of Clea Sig . “The M Se ies midst eam bu e s appea to be gai i g ma ket t actio , with six bu e s sold to two majo ope ato s i West Texas. We believe these sales demo st ate both a sig ifica t ma ket eed a d g owi g dema d fo this p oduct li e. I additio , we a e seei g seve al la ge oppo tu ities ac oss both ou p ocess bu e a d fla e p oduct li es, with i c easi g custome i te est a d a g owi g pipeli e of p oposals. We believe this mome tum a d upcomi g i stallatio s will positio us well fo co ti ued g owth ac oss ou p oduct po tfolio.”

St ategic a d Ope atio al Highlights

Rece t st ategic a d ope atio al highlights i cludi g, a d subseque t to, the seco d qua te of 2026:

Clea Sig Boa d of Di ecto s Appoi ts Fo me Exxo Mobil Global Tech ology Leade La y Saddle : M . Saddle is a eti ed Exxo Mobil executive that has ea ly 40 yea s of expe ie ce i heat t a sfe tech ology, fi ed equipme t e gi ee i g, a d global ope atio s suppo t. Th oughout a disti guished ca ee , he se ved i p og essively se io tech ical leade ship oles at Exxo Mobil, i cludi g as Global Tech ology Spo so fo Heat T a sfe , whe e he was espo sible fo , amo g othe thi gs, the ove sight of the global fleet ma ageme t of fi ed equipme t’s tech ology, safety, e vi o me tal, eliability a d ma gi pe fo ma ce.

Receives O de fo Th ee “M1” Se ies Bu e s:The Clea Sig Co eâ„¢ M1 bu e s will be i stalled i to th ee ew heate s of a Fo tu e 500 midst eam p ovide i West Texas. The Compa y expects the bu e s to be delive ed i the thi d qua te of 2026.

Received Th ee Sepa ate “M1” Se ies Bu e O de s fo Midst eam Heate s i West Texas: Two of the Clea Sig Co eâ„¢ M1 bu e s, sold th ough Tulsa Heate s Midst eam, will be i stalled i twi ew heate s at a gas p ocessi g facility of a multi atio al e e gy compa y i West Texas. A thi d, smalle “M1” Se ies bu e was o de ed a few weeks late . The Compa y expects to delive all th ee of these bu e s i the fou th qua te of 2026.

Received O de fo Next Phase of 32-Bu e P oject fo Califo ia Refi e y: The Compa y eceived a pu chase o de fo the physical testi g a d demo st atio of bu e s as the seco d phase of a p ocess heate et ofit p oject comp isi g of a total of 32 Clea Sig Co eâ„¢ bu e s to be i stalled i the custome s Califo ia efi e y.

Fi a cial I fo matio

Cash a d cash equivale ts we e app oximately $9.9 millio as of Ju e 30, 2026.

The e we e 5,328,730 sha es of the Compa y’s commo stock issued a d outsta di g as of Ju e 30, 2026.

Co fe e ce Call

The Compa y will be hosti g a call at 5:00 PM ET today. I vesto s i te ested i pa ticipati g o the live call ca dial 1-888-506-0062 withi the U.S. o 1-973-528-0011 f om ab oad, both usi g Pa ticipa t Access Code:873646 I vesto s ca also access the call o li e th ough a liste -o ly webcast at https://www.webcaste 5.com/Webcast/Page/3133/54357 o o the i vesto elatio s sectio of the Compa y’s website at http://i .clea sig .com/ove view.

The Compa y will host a Q&A sessio du i g the call a d i vesto s wishi g to submit a questio ahead of time ca do so by emaili g questio s to [email p otected].

The webcast will be a chived o the Compa y’s i vesto elatio s website fo at least 90 days a d a telepho ic playback of the co fe e ce call will be available by calli g 877-481-4010 withi the U.S. o 919-882-2331 f om ab oad usi g Replay Passcode #54357. The telepho ic playback will be available fo 7 days afte the co fe e ce call.

About Clea Sig Tech ologies Co po atio

Clea Sig Tech ologies Co po atio desig s a d develops p oducts a d tech ologies fo the pu pose of deca bo izatio a d imp ovi g key pe fo ma ce cha acte istics of i dust ial a d comme cial systems, i cludi g ope atio al pe fo ma ce, e e gy efficie cy, emissio eductio , safety, the use of hyd oge as a fuel a d ove all cost-effective ess. Ou pate ted tech ologies, embedded i established OEM p oducts as Clea Sig Co eâ„¢ a d Clea Sig Eyeâ„¢ a d othe se si g co figu atio s, e ha ce the pe fo ma ce of combustio systems a d fuel safety systems i a b oad a ge of ma kets, i cludi g the e e gy (upst eam oil p oductio a d dow -st eam efi i g), comme cial/i dust ial boile , chemical, pet ochemical, t a spo t a d powe i dust ies. Fo mo e i fo matio , please visit www.clea sig .com.

Cautio a y Note o Fo wa d-Looki g Stateme ts

All stateme ts i this p ess elease that a e ot based o histo ical fact a e “fo wa d-looki g stateme ts.” You ca fi d ma y (but ot all) of these stateme ts by looki g fo wo ds such as “app oximates,” “believes,” “hopes,” “expects,” “a ticipates,” “estimates,” “p ojects,” “i te ds,” “pla s,” “would,” “should,” “could,” “may,” “will” o othe simila exp essio s. While ma ageme t has based a y fo wa d-looki g stateme ts i cluded i this p ess elease o its cu e t expectatio s o the Compa y’s st ategy, pla s, i te tio s, pe fo ma ce, o futu e occu e ces o esults, the i fo matio o which such expectatio s we e based may cha ge. These fo wa d-looki g stateme ts ely o a umbe of assumptio s co ce i g futu e eve ts a d a e subject to a umbe of isks, u ce tai ties a d othe facto s, ma y of which a e outside of the Compa y’s co t ol, that could cause actual esults to mate ially diffe f om such stateme ts. Such isks, u ce tai ties a d othe facto s i clude, but a e ot limited to, the Compa y’s ability to successfully delive , i stall, a d meet the pe fo ma ce obligatio s of the Compa y’s bu e s, se so s, fla es a d a y othe p oducts it may offe f om time to time i the ma kets it ope ate i , a d a y othe ma kets the Compa y may sell p oducts i ; the pe fo ma ce of the Compa y’s p oducts, i cludi g its ult a-low NOx bu e ; the Compa y’s ability to timely fab icate a d ship its bu e s, se so s, fla es a d a y othe p oducts o tech ologies it may offe f om time to time; the Compa y’s ability to fu the expa d the sale of ult a-low NOx p ocess a d boile bu e s; the Compa y’s ability to expa d its sales of fla i g solutio s; the Compa y’s a d Zeeco’s ability to successfully ma ket the co-b a ded p ocess bu e li e with Zeeco; the Compa y’s ability to ge e ate o de s f om p oposals a d quotes se t to pote tial custome s a d othe pa ticipa ts i the i dust y; the Compa y’s ability to ma ket a d gai ma ket accepta ce of its fuel flexible 100% hyd oge capable bu e ; the Compa y’s ability to effectively compete a d gai ma ket accepta ce i the midst eam ma ket; the Compa y’s ability to p ovide low emissio s a d system i teg atio solutio s based o co ti uously cha gi g ai pe mit equi eme ts at the fede al a d state level; ge e al busi ess a d eco omic co ditio s; the pe fo ma ce of ma ageme t a d the Compa y’s employees; the Compa y’s ability to obtai fi a ci g, whe a d if eeded; whethe the Compa y’s tech ology will be accepted a d adopted, a d othe facto s ide tified i the Compa y’s A ual Repo t o Fo m 10-K a d othe pe iodic a d cu e t epo ts filed with the U.S. Secu ities a d Excha ge Commissio a d available fo eview at www.sec.gov. Fu the mo e, the Compa y ope ates i a competitive e vi o me t whe e ew a d u a ticipated isks may a ise. Acco di gly, i vesto s should ot place a y elia ce o fo wa d-looki g stateme ts as a p edictio of actual esults. The Compa y disclaims a y i te tio to, a d, except as may be equi ed by law, u de takes o obligatio to, update o evise fo wa d-looki g stateme ts to eflect eve ts o ci cumsta ces that subseque tly occu o of which the Compa y he eafte become awa e.

Fo fu the i fo matio :

I vesto Relatio s:Matthew Seli ge Fi m IR G oup fo Clea Sig +1 415-572-8152[email p otected]

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Clea Sig Tech ologies Co po atio a d Subsidia yCo de sed Co solidated Bala ce Sheets(U audited)



(i thousa ds, except sha e a d pe sha e data)

Ju e 30,

Decembe 31,


2026

2025


ASSETS



Cu e t Assets:


Cash a d cash equivale ts

$

9,889

$

9,178


Accou ts eceivable

234

1,360


Defe ed costs

471

329


P epaid expe ses a d othe assets

591

359


Total cu e t assets

11,185

11,226



Fixed assets, et

141

195


Co t act assets

127

–


Pate ts a d othe i ta gible assets, et

737

760


Total Assets

$

12,190

$

12,181



LIABILITIES AND STOCKHOLDERS’ EQUITY



Cu e t Liabilities:


Accou ts payable a d acc ued liabilities

$

1,437

$

1,644


Cu e t po tio of lease liabilities

100

96


Acc ued compe satio a d elated taxes

387

564


Co t act liabilities

415

100


Othe cu e t liabilities

–

180


Total cu e t liabilities

2,339

2,584


Lo g Te m Liabilities:


Lo g te m lease liabilities

17

67


Total liabilities

2,356

2,651



Commitme ts a d co ti ge cies (Note 10)



Stockholde s’ Equity:


P efe ed stock, $0.0001 pa value, 2,000,000 sha es autho ized, o sha es issued o outsta di g

–

–


Commo stock, $0.0001 pa value, 87,500,000 sha es autho ized, 6,307,455 a d 5,328,730 sha es issued a d outsta di g at Ju e 30, 2026 a d Decembe 31, 2025, espectively

1

1


Additio al paid-i capital

117,859

114,061


Accumulated othe comp ehe sive loss

(17

)

(20

)

Accumulated deficit

(108,009

)

(104,512

)

Total stockholde s’ equity

9,834

9,530



Total Liabilities a d Stockholde s’ Equity

$

12,190

$

12,181



The accompa yi g otes a e a i teg al pa t of these u audited co de sed co solidated fi a cial stateme ts.

Clea Sig Tech ologies Co po atio a d Subsidia yCo de sed Co solidated Stateme ts of Ope atio s a d Comp ehe sive Loss(U audited)






(i thousa ds, except sha e a d pe sha e data)

Fo the Th ee Mo ths E ded

Fo the Six Mo ths E ded


Ju e 30,

Ju e 30,


2026

2025

2026

2025



Reve ues

$

560

$

133

$

751

$

534


Cost of goods sold

332

78

916

283


G oss p ofit (loss)

228

55

(165

)

251



Ope ati g expe ses:


Resea ch a d developme t

448

247

697

694


Ge e al a d admi ist ative

1,278

1,646

2,915

3,652


Total ope ati g expe ses

1,726

1,893

3,612

4,346



Loss f om ope atio s

(1,498

)

(1,838

)

(3,777

)

(4,095

)


Othe i come, et:


I te est i come

61

115

123

248


Gove me t assista ce

131

43

159

91


Othe i come, et

(1

)

–

(2

)

–


Total othe i come, et

191

158

280

339


Net loss

$

(1,307

)

$

(1,680

)

$

(3,497

)

$

(3,756

)


Net loss pe sha e – basic a d fully diluted

$

(0.22

)

$

(0.30

)

$

(0.61

)

$

(0.70

)


Weighted ave age umbe of sha es outsta di g – basic a d fully diluted

5,931,470

5,521,797

5,780,139

5,510,759



Comp ehe sive loss:


Net loss

$

(1,307

)

$

(1,680

)

$

(3,497

)

$

(3,756

)

Fo eig -excha ge t a slatio adjustme ts

1

–

3

–


Comp ehe sive loss

$

(1,306

)

$

(1,680

)

$

(3,494

)

$

(3,756

)


The accompa yi g otes a e a i teg al pa t of these u audited co de sed co solidated fi a cial stateme ts.

SOURCE: Clea Sig Tech ologies

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