ClearSign Combustion Announces Deal With Waste And Energy Services Company

(RTTNews) - ClearSign Combustion Corp. (CLIR) announced that it has executed a letter of intent to enter into a multi-phase commercial development agreement with one of the world's leading waste and energy services companies, with facilities in the US and internationally.

Phase one of the anticipated three-phase agreement is expected to begin this month, with testing in ClearSign's Seattle combustion test facility, with an early on-site beta to follow at an international facility. Subsequent phases would include full-scale testing and evaluation at a larger US-based facility. Additional contract details will be disclosed upon execution of the definitive agreement, the company said.

According to QDM Associates, the global waste to energy market almost doubled from $4.8 billion in 2006 to over $8.5 billion today. They project that this growth will continue to accelerate, expanding to over $27 billion by 2021. Currently, the world generates more than 2.1 billion tons of waste each year (representing 24.5 quadrillion Btu of energy) of which just over 10%, or 225 million tons is used to produce energy today.