Rick Rutkowski continued, "We set an aggressive goal of reducing NOx to 2PPM later in 2013, and with this most recent announcement, I am more confident than ever that we will achieve this milestone using a combination of ClearSign's Electrodynamic Combustion Control (ECC) and Duplex Burner Architecture technologies.
"Tomorrow, President Obama is expected to announce major new environmental regulations aimed at further reducing pollution from both new and existing coal-fired power plants. Although this is only one of the markets that ClearSign is developing, it provides a clear signal that environmental regulations in the United States will only become more stringent in the future, making new approaches and technologies even more important to industry than ever. With the President's announcement, and what we are hearing at the conference, there is a great deal of urgency and uncertainty as ongoing regulations continue to introduce costly new challenges to combustions system operators."
According to ClearSign, strict new NOx control regulations are being implemented over the next two years in several regions of the country including Texas and California. California's South Coast Air Quality Management District's Rule 1146.1 requires that burners produce less than 9PPM of NOx no later than July, 2014. Additionally, 75% of larger industrial boilers of between 20 and 50 MMBtu/h must reduce NOx emissions to 5PPM or below by January 1st 2014, and 100% of boilers of this size must meet this strict limit by no later than Jan 1st 2016. Industry groups anticipate that these limits will soon be required in other areas of the country, with national standards to follow.
About ClearSign Combustion CorporationClearSign Combustion Corporation designs and develops technologies that aim to improve key performance characteristics of combustion systems including energy efficiency, emissions control, fuel flexibility and overall cost effectiveness. Our Electrodynamic Combustion Control™ (ECC™) platform technology improves control of flame shape and heat transfer and optimizes the complex chemical reactions that occur during combustion in order to minimize harmful emissions. For more information about the Company, please visit www.clearsign.com Cautionary note on forward-looking statements This press release includes forward-looking information and statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events that are based on management's belief, as well as assumptions made by, and information currently available to, management. While we believe that our expectations are based upon reasonable assumptions, there can be no assurances that our goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect our actual results and may cause results to differ materially from those expressed in forward-looking statements made by us or on our behalf. Some of these factors include the acceptance of existing and future products, the impact of competitive products and pricing, general business and economic conditions, and other factors detailed in our Quarterly Report on Form 10-Q and other periodic reports filed with the SEC. We specifically disclaim any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.
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