The ‘ludicrous’ Netflix Christmas movie that’s actually worth your time

Arts & Culture, Film & TV

Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.Your support makes all the difference.CloseRead moreNetflix has released a Christmas film that’s actually worth your time.Over the last few years, the streaming service has found a niche in the release of trashy Christmas films, including Falling for Christmas, which starred Lindsay Lohan, A Christmas Prince and Holidate.While the films, released from November onwards, shoot to the top of Netflix’s most-watched charts, they typically receive dreadful reviews and are maligned by viewers.The festive releases in full swing, with male stripper romcom The Merry Gentlemen taking the service by storm. But there’s another film that, upon first inspection of the plot, might seem like Netflix’s most ludicrous offering yet – but it is actually receiving positive chatter from those who have seen it.The film in question is Hot Frosty, a romantic fantasy directed by Jerry Ciccoritti and written by Russell Hainline, who reacted to the film’s success on X/Twitter shortly after it hit Netflix’s number one spot.Hot Frosty, which stars Mean Girls star Lacey Chabert and Schitt’s Creek’s Dustin Milligan, follows a widow whose life is altered when she magically brings a snowman to life. Since its release earlier this month, many have been praising the film, which has since received a score of 86 per cent on Rotten Tomatoes. Usually, Netflix’s Christmas films receive rotten scores of less than 50 per cent on the review aggregate site, making Hot Frosty a big outlier.“Hot Frosty on Netflix is absolutely ridiculous & unhinged but it’s so funny,” one viewer wrote, adding: “It’s definitely worth the watch for something light & fun.”Decider wrote in its review that the film has “got enough quirky, silly charm to make it worth your time”, while KLRT-TV hailing it “the Citizen Kane of hunky Frosty the snowman movies”.Watch Apple TV+ free for 7 daysNew subscribers only. £8.99/mo. after free trial. Plan auto-renews until cancelledTry for freeWatch Apple TV+ free for 7 daysNew subscribers only. £8.99/mo. after free trial. Plan auto-renews until cancelledTry for freeDustin Milligan in the ‘ludicrous’ but ‘frothy’ Netflix movie ‘Hot Frosty’

Eight horror movie sequels you need to watch in 2025

Arts & Culture, Film & TV

Horror movie fanatics, listen up! The new year is on the horizon and this means we will soon be treated to a bunch of new movies that will keep you up at night.Check out indy100’s pick of the best terrifying sequels below.28 Years LaterDanny Boyle is back behind the camera to direct 28 Years Later, the third instalment in the zombie franchise. The post-apocalyptic horror film stars Cillian Murphy, who reprises his role from 28 Days Later. Fans will have to wait until the summer to find out what’s in store, however we do know that the film will see the return of the Rage Virus and a group of survivors who must try to outrun those who have been infected.Release date: June 20, 2025M3GAN 2.0She’s back! The highly anticipated follow-up to 2022’s M3gan, titled M3gan 2.0, will be on a lot of lists of things to watch next summer.Jason Blum and James Wan return as producers and both Allison Williams and Violet McGraw return to star. The first film dealt with a lifelike robotic doll who helps a young girl cope with the death of her parents. Details about the sequel have not been announced but filming wrapped in October.Release date: June 27, 2025I Know What You Did Last Summer A sequel to the classic 90s slasher has been in the works since 2023. Freddie Prinze Jr., who starred in the 1997 movie and its 1998 follow-up, will be back and Jennifer Love Hewitt is still in talks to return, Deadline reports.The original film focuses on four young friends – portrayed by Prinze Jr., Hewitt, Sarah Michelle Gellar, Ryan Phillippe – who become intertwined with a tragic accident. They soon find themselves being stalked by a hook-wielding killer in their small town.Release date: July 18, 2025Insidious sequel/spin-offKnown colloquially as Chapter 6, a brand new Insidious film has been slated to arrive at the end of summer next year.No further details, other than the release date, have been confirmed at the time of writing. It also remains to be seen whether Insidious regulars Patrick Wilson and Leigh Whannell will return. The new film is said to star Mandy Moore and Kumail Nanjiani, with Jeremy Slater attached to write and direct, Variety reports.Release date: August 29, 2025The Conjuring: Last RitesPatrick Wilson and Vera Farmiga are reprising their roles as paranormal investigators and authors Ed and Lorraine Warren in the next Conjuring film.It is set to be the last film in the main Conjuring storyline however the door is still open for spin-offs, EW reports.The case the two investigators will delve into has not been confirmed. Director James Wan marked the “end of an era” when filming on Last Rites wrapped this year.Release date: September 5, 2025Saw XISaw X, as per the title, was the tenth instalment in the long-running gruesome horror franchise. It was a huge success and made $125.3 million at the box office. Lionsgate announced in December 2023 that a sequel, Saw XI, was scheduled to be released on September 27, 2024 but in April this release date was pushed back by a year. One thing we do know about the film is the game will continue…Release date: September 26, 2025The Black Phone 2 The first film focused on a teenage boy named Finney who was abducted by a serial child killer known as The Grabber.Finney finds a mystical black rotary phone while in captivity and uses it to communicate with the ghosts of The Grabber’s victims in order to plot his escape.The plot for the new film is being kept under wraps.Release date: October 17, 2025.Five Nights at Freddy’s 2Fans of the video game series of the same name had waited years for the film adaptation to finally make it to the big screen — and now they’re getting a sequel.The first film, which dropped in 2023, was a box office success despite receiving underwhelming reviews, grossing $297.1 million.The second film will arrive in time for next Christmas however details about the plot are being guarded.Release date: December 5, 2025Sign up for our free indy100 weekly newsletterHow to join the indy100’s free WhatsApp channelHave your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings

ClearSign Technologies Corporation (NASDAQ:CLIR) Q3 2024 Earnings Call Transcript

Technology

ClearSign Technologies Corporation (NASDAQ:CLIR) Q3 2024 Earnings Call Transcript November 20, 2024Operator: Good afternoon and welcome to the ClearSign Technologies Third Quarter 2024 Conference Call. [Operator Instructions] Please note, that 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: Good afternoon and thank you, operator. Welcome everyone to the ClearSign Technologies Corporation third quarter 2024 results conference call. During this conference call, the company will make forward-looking statements. Any statement that is not a statement of historical fact is a forward-looking statement. This includes remarks about the company’s projections, expectations, plans, beliefs, and prospects. These statements are based on judgments and analysis as of the date of this conference call and are subject to numerous important risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The risk and uncertainties associated with the forward-looking statements made in this conference call include, but are not limited to, whether field testing and sales of ClearSign’s products will be successfully completed, whether ClearSign will be successful in expanding the market for its products, and other risks that are described in ClearSign’s filings with the SEC, including those risks discussed under the Risk Factors section of the Annual Report on Form 10-K for the period ended December 31, 2023, and the quarterly reports on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024. So except as required by law, ClearSign assumes no responsibility to update these forward-looking statements to reflect future events or actual outcomes and does not intend to do so. On the call with me today are Jim Deller, ClearSign’s Chief Executive Officer, and Brent Hinds, ClearSign’s Chief Financial Officer. So at this point in the call, I would like to turn the call over to Brent Hinds. So Brent, please go ahead.Brent Hinds: Thank you, Matthew. And thank you to everyone joining us here today. Before we begin, I’d like to note that our financial results for the quarter period ended September 30, 2024 was included on our Form 10-Q filed with the SEC on November 14. And with that, I’d like to give an overview of the financials for the third quarter of 2024. For the third quarter 2024, the company recognized approximately $1.9 million to revenues, compared to $85,000 for the same comparable period in 2023. The year-over-year increase in revenues was driven predominantly by the shipment of multiple process burners to a California refinery customer. I would like to note that this quarter’s revenue, is the largest quarterly revenue figure ever reported by the company. Our year-to-date revenues for the nine months ended September 30, 2024 was approximately $3 million, which is a $1.9 million increase over the prior comparable period in 2023. This is also the largest year-to-date revenue figure reported by the company since inception. Our year-to-date gross profit margin also increased year-over-year by 11% from 22% in 2023, to 33% in 2024, adding approximately 340,000 in profit, compared to the prior period. This profit was offset by $394,000 as a result of a one-time accrual estimate related to the decision to suspend our China operations. Jim will give more color about our China decision, and suspension in a few moments. Our year-to-date, net loss for the nine months ended September 30, 2024, decreased by $104,000, which is an improvement of 2.5% over the comparable period in 2023.Q&A Session Follow Clearsign Technologies Corp (NASDAQ:CLIR) Follow Clearsign Technologies Corp (NASDAQ:CLIR) We may use your email to send marketing emails about our services. Click here to read our privacy policy. I need you to keep in mind this net loss improvement includes the $394,000 from our one-time China approval estimate. Now I’d like to shift our focus from the income statement to the balance sheet, more specifically, cash. Our ending cash balance for September 30, 2024 was approximately $14.5 million. Our net cash used in operations for the quarter ended September 30, 2024 was approximately $1.4 million, compared to approximately $1.3 million for the same period in 2023. With that, I’d like to turn the call over to our CEO, Jim Deller. Jim?Jim Deller: Thank you, Brent for the financial overview. As always, I’d like to thank everyone for joining us on the call today and your interest in ClearSign. The call today, we’ve decided to change the format from previous calls. We’ve received positive responses from previous presentations narrated in a question-and-answer format, and we believe that this will provide a more engaging call. We’ve also invited questions to be sent in by email. So we’re trying something new, and we’ll be interested in any feedback. So Matthew Selinger will lead a question-and-answer session, where we’ll go through our different product lines and business updates. The overall subjects and updates covered will be much like our previous calls. We will review our product line, starting with our process burners and then move on to boiler burners. And after that I want to give some attention to our flare product line, since there has been a recently announced order and additional activity there. I’ll wrap up by discussing the outlook for the rest of the year, and into 2025. So with that I’ll step back and hand it over to Matt.Matthew Selinger: Great Jim. Jim ClearSign just reported a record revenue quarter. Can you give them more color, a high level color on that by chance?Jim Deller: Yes, certainly. This was definitely a record quarter for us by a long margin. I think it’s also significant to look back over the trailing 12 months, because our business is lumpy. But if you look back over the 12 months is also a record period for us, and you’ll see that our revenue flows are significantly increasing. What’s also important and as Brent stated, there was 11% increase in our gross margins accompanying that revenue. That is good. From my perspective, I believe there is room for improvement with further volume and efficiency gains. But overall with the increase in revenue and margin, I truly believe the business is definitely going in the right direction.Matthew Selinger: And so that revenue, as Brent mentioned was mainly attributed to one order. Would you mind kind of diving in and giving us a little more detail of that order?Jim Deller: Yes, and this speaks to the lumpiness of our revenue flows. We have some very large significant orders but they, but the nature of that is they don’t hit consistently every quarter. So this quarter was primarily driven by the 20 burner order that shipped out to Los Angeles. Those burners were shipped from Zeeco out to the Los Angeles refinery in California. We were expecting them to be started up early next year. We have learned that that will be delayed. The clients clarified that’s got nothing to do with ClearSign. But the start with those burners will now be around the middle of 2025. But Matt, if I can just to comment on the order. These burners are going into two heaters. These are two large heaters in a very prominent refinery in the LA refining hub. One heaters fitted with eight burners, and one is fitted with four burners. And the reason I’m bringing that up, but I know it’s in the middle of next year now, but when these are up and running, I really believe that these are going to be a significant reference for us. These will be the biggest heaters we have in operation at that time. And I believe that having that reference and this performance in that LA hub, is going to be a significant catalyst for – increasing the future sales.Matthew Selinger: Great. Well, let’s continue with the process burner line. We’d like to – can you give us some more color kind of the pipeline and outlook? I think when we left off last call there was another large order that actually fell into this quarter. But maybe start off from there kind of talk about that other order?Jim Deller: Yes, and I think this is relevant, because it also gives some insight into future revenue expectations as well. So at the time of the last call, we just announced in fact the largest order we received to-date. This is for 26 burners going into a Fortune 500 global petrochemical company down on the U.S. Gulf Coast. That order is received by the way from an engineering and heater manufacturer called Birwelco USA. And if you get a minute, I really encourage you to look that company up so you understand the type of company we are dealing with. The order on the Gulf Coast has some special operating requirements, but we’ve got the technology to do that. And also the recent 100% hydrogen flexible fuel burner that we have started to sell, in combination with the new CFD model we’ve invested in, have really been some big drivers between that led to us receiving that order. That order is going well and – thinking of revenue certainly when these shipless burners, it gives some idea what to expect. But beyond that, we also have two other orders in progress for Kern Energy. These of course, Kern is a repeat customer for us. Those orders are incidentally also using this flexible fuel new hydrogen burner. And we’re in further discussions with Kern about some other orders that we expect they’re going to need next year.Matthew Selinger: And then, so earlier this year too, Jim, there was the BACT designation and maybe kind of, you know, maybe kind of address that again, what is BACT and are you seeing that helping, to drive business our direction?Jim Deller: So I think yes. So switching from looking at what’s in-house and the revenue flow to what’s driving our sales, we’re seeing a lot of interest in the process burner product line across the board. There are some drivers. Matt, as you mentioned, the BACT review that was done by the South Coast Air Quality Management District and announced early in the year were significant. For those of you who don’t know, BACT is Best Available Control Technology. It is a review of new technologies that’s run in California by this – or run by all the airports in California, but administered by the South Coast Air Quality Management District. They’ve reviewed two of our installations for a period of over a year, with quarterly meetings and feedback. And the result is that the performance that was documented from those installations have reset their definition of Best Available Control Technology, for single burner process heaters and for multiple burner process heaters that, is recognized throughout the industry. We believe that is a very good validated reference for us. Matt, if I can. Also in the same period, what we’re talking of sales and enhancements. We conducted a burner demonstration with Zeeco back in August that went very well. That allowed us to show our burners running in a multi burner heater, giving lead engineers and consultants, and representatives of many of the top refining and petrochemical companies the chance, to look not only at our standard burner technology, but we also again were able to present our new hydrogen burner technology to them.Matthew Selinger: Great. And that was done at the Zeeco facilities, correct?Jim Deller: Yes.Matthew Selinger: Yes. So speaking of Zeeco, how is that relationship going?Jim Deller: No, it’s really been going very well. Zeeco been a very solid partner for us back since 2019, when we formed the relationship. Now as we’ve increased our business, they obviously they build all of our process burners. They’re aware of the burners we shipped about, the 20 burners that went to California shipped from Zeeco. They’re aware of the 26 burner order that we’ve recently received and others, and aware of the quotes that are going out, because we have to schedule resources with them. They’re also aware of the hydrogen burner development we’ve done. We’ve really believe without visibility into our growing business, we’ve increased our status with Zeeco. And last week we were able to meet with them and discuss a joint branding of a ClearSign Zeeco process burner line. The intention is that Zeeco will actually start now to promote ClearSign’s process burner technology under their own name and to market it. And to brand it and promote it with their own global sales team. So we met with them, we set a date for us to present our technology to their North American sales team, and also discuss things like branding, website promotion, et cetera. So this is a huge development for us, one I’m very excited about.Matthew Selinger: That is great news and I think it’s a development that many of us have been waiting for. So from here let’s shift, if we could, Jim, to the horizontal process applications. As this also seems like an area of business that’s gaining quite a bit of traction. Would you mind giving us a little color on what you’re seeing in the horizontal process applications?Jim Deller: Yes, certainly. This is a fairly new product line for us. It’s one that I’ll be honest, has spread further than we anticipated when we started it. So just focus on the horizontally fired process heaters. These are small heaters often going into the midstream industry. That’s typically gas processing. But also we’re finding there are a, a very wide variety of different industries that are going into. We recently received an order or in fact two orders, repeat orders from Exotherm going into the power generation industry as an example, those orders going into Oklahoma and Missouri. So expanding our national footprint, we’ve also recently sold in fact our largest burner to-date, to another midstream heater manufacturer, Devco. And the first these midstream heaters furnace was sold to another company here in Tulsa called Tulsa Heaters Midstream. But why these are all important is not just those that water flow rate, although that in itself is important, but the repeat inquiries and the uptick of interest and just the flow of future opportunities from them is really exciting.Matthew Selinger: So that actually brings up another question, Jim, kind of regarding sales channels or channel partners. It seems to be a growing part of the ClearSign story. How do you see this continuing to roll out and kind of present business opportunities for ClearSign?Jim Deller: Yes and Matt, if you don’t mind, let me take a step back. So when I joined the company in 2019 and back at that point, we laid out a strategic plan to develop ClearSign as a business, right just for everyone. The parts of that one was focused on the technology, right. We had to take the technology at the time and develop that into commercial products that met the customers’ needs and that would be delivered to them in a manner that the customers were needing. So that led to the partnership with Zeeco, because to process burns you have to be able to deliver burners with the credentials of a company like Zeeco and access to a test furnace and from manufacturing facilities that they are willing to work with and have approved on the boiler burner side, right. We partner with California Boiler. They are the customer facing service team that actually set up Rogue to carry our product line – the company sour product line. But as another part of that plan, but we’re aware that the company is funded by investor money. We needed to keep the company asset light. Yet to really leverage the potential of ClearSign technology, we had – to have a means to expand our sales force and get national and ultimately international reach. And the way we plan to do that, was by working through partners. So partners obviously like Zeeco and California Boiler where we can leverage their sales team. And I’ll refer back to the recent comments about Zeeco and why I’m so excited there. In the midstream heaters, we’re selling to heater manufacturers. Now those heater manufacturers are out chasing their own work, chasing their own clients with their own industry. They are using ClearSign burners with our capabilities installed in their products, to make them competitive. What that essentially means for us, is that the sales teams and the marketing of these new partners, that the midstream heater manufacture in this case become an extension of the ClearSign sales team. The ultimate goal that leveraging these companies and expanding the sales region asks us to punch above our weight and have a much greater sales outreach than we could just operating as ClearSign alone. So we’re very much developing this business, and plan to develop this business through partnerships.Matthew Selinger: Jim, thank you for the color there. You did mention the boiler burner. So can we shift to the boiler burner product line now? There were some recent developments and announcements regarding some very kind of important third-party testing. Would you mind just giving a little bit more explanation on that?Jim Deller: Certainly. So back – earlier this year the results were published from a study conducted by the California GET program. So quick background. The California GET program is funded by the gas utility companies in California, is administered by the South Coast Air Quality Management District. They had engaged a global consulting company called ICF to conduct third-party testing to quantify the performance of this new burner technology, ClearSign technology, compared to the other Ultra Low NOx burners available in the market. That report was published, it’s available through our website. We also put a press release out link. But to summarize the data, the third-party study found that a boiler fitted with ClearSign burner ran and consumed 4% less energy, than the burner fitted with, or a boiler fitted with the industry standard burner. So to put that in meaningful terms from mid-sized 500 horsepower boiler in California with California energy prices that will provide a savings about $80,000 per year to our customers. Our burners sell at a premium, but that $80,000 will more than cover that premium in a single year. So that in itself provides a very powerful selling proposition for ClearSign. In addition to that, that fuel savings will equate to about 500 tons per year CO2 savings for the customer. And the study also found or what we knew was that the ClearSign burner is capable of operating down at sub 2.5 parts per million NOx levels. The standard industry or outflows Burner, I was only able to run down to six parts per million.Matthew Selinger: So that is a piling data. So with that can you give us an update on kind of the project pipeline in boiler burners?Jim Deller: Yes, we have a few. We have orders in progress. There’s some burners due to be shipped. There was the – first of a series of four boilers going out to a customer in California. That burner is built and close to being ready to ship. We of course have a number of burners now up and operational. A couple of pieces of fairly big news that’s new. Right now we have a very large burner installed in San Joaquin Valley area. This has been installed and out there for a long time waiting for their construction. We have finally got to the point that that burner I believe is, as I said about done. It’s in, it’s up and running. As of today, we have actually engaged a third-party source testing company. These are the companies that do the formal measurements. We’ve had them take our preliminary measurements for us, because down at the NOx levels are running at the other analyzers are not all consistent. So we wanted to get their full spec equipment. They’ve measured the performance and found that the NOx is under the guarantee level. The final formal source testing and report is being conducted. That’s not completed yet. So we don’t have the final result. But obviously at this point, we’re optimistic that this is going to be a successful installation for us accepted by the customer. And when it is, I cannot emphasize how important, I believe this will be for an installation. The very large boilers operating and requiring less than 2.5 parts per million NOx was the target market. That was the primary objective when we initially engaged with California Boiler, and mutually decided to develop a product line, and to market it and to put the effort that, we have to get into the California market. So this I believe is going to be a very big benchmark for the ClearSign and my brand that as the road burner in California.Matthew Selinger: And when you say large, could you just quantify how large?Jim Deller: Yes, I mean in numeric terms is 1,200 horsepower, right. This in terms of just physically looking at the boiler. This boiler is going to be in the region about 40 feet long. It’s probably as big as you could put on the back of a semi turret and transport across the country. So this is a very large boiler and classified. It’s getting close to as big as fire tube boilers get before they switch over to the larger water tube, and power generation boilers. This is one of the biggest – it’s in. It’s not the biggest fire tube boiler, but it is right up there at the top end.Matthew Selinger: So a notable demonstration of our technology?Jim Deller: Oh a huge demonstration. This is a – this is almost the perfect big boiler opportunity that people will look to and say, yes, that is a bona fide proof of the ClearSign technology.Matthew Selinger: Great. So we also announced a sale of a boiler last week and didn’t know. For an asphalt company and didn’t know if you wanted to just get a little color on that sale?Jim Deller: Yes. It’s actually important, not so much for the. This is a standard burner for us. It’s – the burner the client bought was just under 500 horsepower. Of course, our 500 horsepower or the burner model is the one that we’ll use. But it’s important to talk about this, right. So going back, I discussed the strategy and the vision we laid out in 2019 and how that manifests in the boiler burner business, right. The process burners are necessarily bespoke. There’s unique details for every heater and no two of those are exactly the same. That’s just the way the industry is. The boiler industry is different. These burners are standard burners and the goal is, to have a standard range of burners with standard pricing that can allow our sales channels, in this case road combustion California Boilers, to go out on their own and sell this product. But without needing input from us. Of course, we help the sales and marketing, strategic sales, et cetera. But the goal is to let them go hands free and just sell as many of these things as they can. When they get an order, then to turn around and just place the order with ClearSign and we have ready-made drawings and prints. We place the orders with our fabricator, and they fabricate the burners. This order well, the reason for doing that is that gives us a highly scalable model with very little need of ClearSign resources. And it empowers the sales team to go out and pursue business on their own without needing to get back for quotes or details or engineering input from ClearSign. This order is the first of that system it had. I don’t believe any input from ClearSign in the sales stage. We just received a purchase order. The drawings were done. We turned around and placed all of that fabricator, to deliver this burner. So that is it. Is that vision that we laid out in 2019, actually coming through to fruition for the first time in this order?Matthew Selinger: Sure. Thanks for the detail. It sounds like things are kind of starting to hum along. To round out the boiler burner line, just last month there was a filing regarding the China operations and Brent alluded to this in his financial overview. I don’t know if you could just kind of touch base on this?Jim Deller: I can. I’ve actually got some notes here so I need, because this is formal, just to pass the details on to everyone. So as you said, we filed a Form 8-K that was filed October 1, announcing that we’re suspending our operations in China, and putting our registered business there into a formal state of dormancy by the end of the year. So what that means is we still have the businesses in China, but that business is basically parked and not operational. You might think we’re going into hibernation, for a period until we choose to revive it. This decision was a result of an increasingly delayed progress to gain commercial traction in China and as Brent said earlier, there will be some significant one-time costs. Those are mainly related to employee termination payments. But going forwards, our cost to maintain – our business in that dormancy status will be minimal. But it also gives the ability to maintain that. To maintain that business registration in China. There are additional details those are available. If you look at the Form 8-K there is more detail there. For anyone wanting to see more.Matthew Selinger: Thanks for the update there. Then just weeks ago there was an announcement regarding a flare. So this is the product line that we haven’t heard from – heard about for some time. Again, can you give some color here, and talk about what you’re seeing regarding this product line?Jim Deller: Yes, actually very pleased to. This is an exciting areas for us. So we’ve, we do have some flares out sold. I believe it was 2020. I may be slightly off, but out and installed in the LA area right through California Boiler. Those are up and running and even prior to my joining ClearSign there were some flare technology sales. The recent order was for customizing our flare, right. The burner element that goes into a flare. This is for customizing our burner element, to fit into an existing flare to bring it into compliance, with the needs of actually a customer that has already experience of ClearSign flare technology. That work is going well and we expect it to roll on, to an equipment supply order in the reasonably near future. I don’t have an exact date for that yet. But when you bring this up, I actually want to talk about the flare industry and actually the reason that it’s exciting today. On a previous call I mentioned that we went to visit the government in the State of California, and especially their environmental regulatory personnel as they have new emissions requirements there. We are seeing the need for different flaring technology in regions like California. In industries actually different from the standard, in industries like the upstream oil industry is different industries from that. As these new regulations are rolled out and as these new energy projects are seeking permits, what that means for us is that we have a unique combustion technology. We also have a very strong engineering capability within ClearSign and it puts us in a very strong position to actually be a solution provider for some of these new projects. And this manifests in – and there may be flares, they may be quite small thermal size projects, but it allows us to get into an expansion of not just selling strictly the burner equipment, but actually selling more of a system wide project. When we look at the long-term, our plans, my plans for ClearSign, they go beyond just the burners and the technology we have today. And a big part of that is getting into a solution provider and a systems provider. And one of the reasons that we’re particularly excited about this, is it starts to dip our toe into the role of a solutions provider, and putting together a bigger package that has the potential, to greatly expand the sales and the revenue of ClearSign.Matthew Selinger: That’s exciting. It sounds like the ClearSign brand is getting out there, as well as a reputation as a solution provider. One thing you mentioned the State of California, but I think you had similar conversations, am I correct, Jim? In states like Colorado?Jim Deller: Yes.Matthew Selinger: Fantastic. So Jim that covers my questions regarding the business. So I don’t know if at this point you’d like to take a moment for final summary and maybe some thoughts on the business going forward?Jim Deller: Thank you, Matt. And I just reflect back. That was a new way of presenting the update from the company. So we’ll be very pleased to hear from anyone on if you liked it or if you didn’t. But I would like to wrap up, and share some thoughts and just to give a perspective on where we are. So firstly, I want to reflect back on the financial numbers in the 10-Q that was filed last week, and that Brent summarized earlier this afternoon. Notice it also looked back over the last 12 months. I want to emphasize that I think this is a very significant development for ClearSign. Yes, the revenue is lumpy and it will continue to be lumpy for some time, is also significantly more meaningful than at any time in ClearSign’s history. During the call, I’ve referred back a few times, to the strategic path we laid out in 2019, as a framework for how the ClearSign business is developing. I do that, because I think the framework is meaningful as it helps to understand how the specific items, and developments that we talk about that may appear normal at face value, provides an interwoven building block of a highly integrated asset like company, and how we’re growing that to have national reach and recognition, and how we are growing and the importance of growing that with our partners. So building a network of companies especially comprising our sales network. I can’t mention all of them, but the ones that we can include by name. I’ll just run through some key ones here. Of course Zeeco, Zeeco are key for what we do. They’ve been a fantastic partner, and again I want to emphasize the recent developments, the conversations we’ve had about jointly marketing a co-branded Zeeco ClearSign process burner. We will keep you updated as that rolls out. It will be a process. I cannot emphasize how big of a step forward this is for ClearSign. I didn’t mention in the call just putting Zeeco in perspective. They have in the region of 2,500 employees. They’ve got 30 offices worldwide. They are a true global company, and the ability to promote our technology and to actually have Zeeco promote our technology as a Zeeco burner with ClearSign technology is I think has massive potential for ClearSign. Secondly, California Boiler and Rogue Combustion, they are the customer facing and sales partner we have. They are based in California. They have offices and affiliates in other regions of the country especially strong in the West Coast. Working with them recently had this big success, or we believe the big success we’re waiting to formalize of that very large boiler startup, the 2.5 ppm guarantee in California. We talked about the Birwelco and the large 26 burn order going down to the Texas Gulf Coast. Please look up the Birwelco on their website. They are a prominent engineering company. They work with the who’s who of the refining and the – petrochemical companies throughout the world, but especially in the U.S. And then in the midstream heat original equipment manufacturers I mentioned. We’re now seeing a repeat flow of inquiries from Tulsa Heaters Midstream, Devco and Exotherm who gave us the repeat orders just these last few months. So stepping back we are growing, and please note we’ve grown our installation base in California, with both existing and repeat customers. And we’ve got larger installations coming especially with the 20 burners going out to the California refinery. We’re now making headway into Texas with the larger engineering firms and I mentioned Birwelco and heater manufacturers and Fortune 500 customers. There’s a lot of attention to our new flexible fuel hydrogen burner, and we have several projects in the execution phase utilizing this new technology. We have a pipeline of projects to be shipped, installed and in the engineering phases, the largest we’ve ever had. And we have recently had a notable development in our boiler burner product line, just the burner in California, in the progress of our sub 2.5 ppm large boiler burner range, and also the California GET report giving us third-party validation of a compelling financial case for the purchase of our boiler burners. And again, that report is available through our website. It’s also available through links from the press release we put out. When reflecting on what we’ve achieved, I want us all to acknowledge that this takes more than just people showing up for work. My finance team, our technical and order execution teams, to Ashley, who’s constantly creating and improving our marketing and sales materials, which by the way includes our website and LinkedIn posts. I want to extend my sincere gratitude for the buy in and dedication of all our ClearSign employees. And in the same thought, I want to thank Zeeco from the leadership to the staff we interact with on a daily basis, and California Boiler, especially for their commitment to taking care of our mutual customers and getting the job done. So with that, I’d like to open up the call for questions. Please operator?Operator: [Operator Instructions]Matthew Selinger: Great. And Constantine, this is Matthew Selinger. We also received quite a number of questions via email ahead of time. So I’m going to go ahead and start by reading off some questions here.Operator: Please go ahead.Matthew Selinger: Jim. Directionally, where do you see margins heading?Jim Deller: As mentioned in the call, we saw a very significant improvement in the numbers that Brent reported. I do believe that there is room for efficiency gains, certainly with the volume we’re inspecting in the future as well. So there was an increase. There may be a room for that increase. Again, just looking at the mix of projects we’re targeting in the future, but we do expect. I think the key thing to emphasize, is that we do expect the margins to improve even further than the improvement that Brent reported in the financials here today.Matthew Selinger: Fantastic. I’ve got another one for you here, Jim. During the most recent conference calls, we’ve not heard much about Narion and the ClearSign eye sensor technology. Visiting their website, it seems like a lot’s going on. Would you really give some insight onto the relationship and what’s going on there?Jim Deller: Yes, certainly. Thank you. And whoever asked that question, thank you. That’s part of our business. We’ve been very focused on the burner business in the course. So for those of you don’t know, Narion is a company. It’s affiliated with ClearSign, but it is an independent company that was set up in Seattle, by an engineer that used to work for Boeing. ClearSign has not only burner technology, we have a sensing technology and Narion was set up with agreement with us to develop applications using the ClearSign sensing technology, and especially in fields that are not core to the expertise we have at ClearSign. But to look at things like obviously with the engineer coming from Boeing in aerospace transport and a lot of other applications, I’ll expand this a little. So we’ve, we do have the standard burner sensors to actually a burner product line. Narion is helping us also finalize that technology. We believe that we’re going to have industrial installations on a demonstration basis, of the pilot sensors in the – as a reasonably near future. Through Narion, they’ve also adapted and engaged industrial partners for a flare pilot sensing technology or a development of our sensor into flare applications. We also expect through that work that we’ll be able to get some field at least demonstration units, and hopefully commercial traction in the reasonably near future. But getting into the core business of Narion, they’ve got a number, if you look at the website, they have a number of really interesting projects. I think the most prominent one at this point, is one feature of the ClearSign sensor is – it is an extremely fast sensor, and they have engagements to adapt that for what I described. The simply is a performance monitoring for a new and growing form of jet engines. There’s a lot of interest there. That is a longer range prospect. I believe the opportunity and the potential market is huge. But in terms of timeframe, we’d appreciate that projects like that and getting into technology like that do take longer to come to fruition. So that’s going to be further out than about the 12 to 24 months that we’re looking at for something to show from the Burnham and Flare Flame Sensors. But there’s a I’d encourage you to look at that Narion website and just see what they’re doing. We set the contract up for the work with Narion just to leverage our sensing technology, realizing there are some very big opportunities. Narion is self-funding. So it’s a win-win for them and a win-win for us.Matthew Selinger: Okay. So another question, Jim. I’ve noticed some new hires posted on LinkedIn. Could you give some color on these hires? Secondly, do you foresee additional or any positions you’re actively looking to fill?Jim Deller: Yes. We’ve we have we hired recently hired two new engineers. One, Dominic is reporting to our Chief Technology Officer and the second Samuel is reporting to the group headed up by Jeff Lewallen, who oversees our burner business. So, on the bottom line, the reason we brought these people in is our business is growing. We are getting incredibly busy and we need some more resources in the office to handle our growing business. And what’s really important and the reason we did this now is that both Matt Martin and Jeff Lewallen very well- known and respected engineers in our field are incredibly effective as customer facing and business development people. And quite frankly as a business we need to get them out in front of the customers. And as we get busy and they get consumed with more production and product development work personally, it slows them down from doing that. So we’ve well, when we hired two great engineers, they will give us some bench depth. They will handle the ongoing work and really free Jeff and Matt up to you focus on technology development and being now in their customer-facing role of developing our business. So you asked about looking forward. Right now, we do not have any open positions. But that said, as our business grows, it is — I do expect that we will have open positions coming up to execute the orders we work and to keep our business growing. But also those positions will be part of the order execution. So if you’re looking at the overhead of the company, I do not expect that to actually increase the overhead, as that will be part the costs absorbed by the projects and they’ll be brought in to handle our work and as our work grows.Matthew Selinger: Jim, here’s one from the analysts that cover us, they unfortunately, we were unable to attend the call. But Jim, how would you describe your current pipeline compared to a year ago?Jim Deller: That’s – it’s grown substantially. The orders we’re getting and the people we’re talking to are much more mature. The orders are bigger. And we’ve seen that the other 26 orders going — burners are going down into Texas, working with companies like Birwelco. If you just look at – I know you can see that the frequency of the buyers we’re getting in, we’re now getting in multiple inquiries a week. Rather than an inquiry every few weeks and just handling that and looking at — that’s one of the key measures that I look at internally. They just looking at the number of quotes, we’re putting out and the frequency. And that is just constantly picking up at a very pleasing rate. So it’s looking very promising.Matthew Selinger: Great. So there’s been a few questions very similar to this one, and I’ll kind of summize it here. With the new administration coming into place next year, will it focus on reducing NOx emissions remain important. I know you can’t see the future. And could — there’s a second and B, and could more focus on production in the United States be beneficial for ClearSign?Jim Deller: Yeah. Truly wish I had that, calibrate the crystal ball. Look, I’ve been in this industry now for about 30 years. So I’ve seen multiple administrations come and go. And typically, the start of administration, there’s great expectations one way or the other. And the balance is that the influence they have is significantly less than what we expect at the start of administration. I mean just the time scale of the projects and what we work with is measured in years. So the administration will come to go before they’ve had a significant effect. Regarding the NOx emissions, they are primarily controlled by the local states. They are based on the need to adjust ground level Ozone down to standard levels that were set out many years ago. So we do not expect any significant change there. I mean from what we’re hearing is focus on decarbonization that is a periphery to us. We are mainly focused on NOx emissions and operating efficiency. But also bear in mind that most of our customers are global companies, a lot are based in Europe. They all post their own environmental mandates and their objectives, they’re on their websites, and they are driving towards that. So I think they are self-motivated to achieve their environmental goals. So again, changes in the administration don’t dictate the companies. The jobs they set themselves, especially not when those companies have an international holding. One on the — I think on the other side, just looking forward to talking to our clients. One area of encouragement, maybe I don’t think related to the political climate, we are seeing an increased interest in LNG that’s liquefied natural gas export and production. And we believe that there is likely an uptick in that business next year, which will — for us that’s very relevant to the horizontally process burner business and those other clients that I referenced earlier on today.Matthew Selinger: Here’s another question for Brent and Jim, and I think you’ve addressed this actually a couple of times in your comments, but there’s somebody who’s asking, could you please provide some color on the essence of the relationship with Zeeco. So maybe just kind of surmise what you said earlier?Jim Deller: Yes. And guys this is the biggest step forward for ClearSign for a long time. So, Zeeco have — about the relationship we’re having with them has basically taken the next step forward. In the recent developments, we are taking steps now to jointly market ClearSign products. That gives the Zeeco’s sales team a product to promote that has the capabilities of ClearSign technology, has a dual-branded process burner. And the Zeeco sales team is worldwide, they’re obviously a truly a leading global company and having them promote ClearSign is a huge step forward for us is one we envisioned back in 2019, and to get to this point and having this development in our collaboration is certainly a very big deal for ClearSign. And, obviously, from Zeeco side, they have seen what we’re doing and are doing this because they believe it’s a very big deal and a big opportunity for Zeeco also.Matthew Selinger: Great.Operator: We don’t have any questions over the phone at this moment. This concludes our question-and-answer session. I would like to turn the conference back over to Jim Deller for any closing remarks. Sir, please go ahead.Jim Deller: Well, thank you. I’d like to thank everyone for your interest and taking the time to participate today. We look forward to updating you regarding our developments and speaking with you on our next call. In the meantime, please keep checking in for developments on our website that’s www.clearsign.com, and for more behind the scenes updates, I really encourage you please to follow us on LinkedIn. And with that, I’ll say thank you very much, and we will talk to you next quarter.Operator: This concludes today’s conference. Thank you for attending today’s presentation. You may now disconnect. Follow Clearsign Technologies Corp (NASDAQ:CLIR) Follow Clearsign Technologies Corp (NASDAQ:CLIR) We may use your email to send marketing emails about our services. Click here to read our privacy policy.