ClearSign Technologies Corporation (NASDAQ:CLIR) Q4 2022 Earnings Call Transcript

Jim Deller: Yes. So yes, thanks, Jeff. It’s — the — I think first of all, just back on my call. The general gist of the good neighboring and NOx transport is regarding the transport of NOx from one region to another. You know, for example, it’s created in one area and affects another. Even though the area that creates it may not be have severe owes of issues that area should still be required to reduce the NOx emissions, because of the effect on its neighbors. The — right, the main focus across the country at a high level and with the EPA is ground level ozone. And where regions are outside of compliance, the States basically are required to put regulation in place to reduce NOx emissions, which, right, NOx is a precursor to ground nebulize and the severe non-retainment areas are the areas which are really driving down to the very low emissions that create the markets and that we serve.

There are common low NOx burners in the market provided by the main incumbents. They’ve been around for many years now. They are relatively low cost and they do a moderate job of reducing NOx emissions. But they reduce them to the extent of many of the regions within the country. And those are the regions that are largely affected, you know, and will be affected directly by our requirements such as this good naval rule. If you’re following the — following ClearSign and looking at our markets, I encourage you to look very much at the local level and to the States that are driving NOx emissions down to the lowest levels. Particularly, we’re seeing some interest in Colorado, Salt Lake City, California certainly is a our most active market right now.

We’re also watching Texas very closely.

Unidentified Analyst: Got it. Okay. Thank you. I have no further questions.

Jim Deller: Thanks, Jeff.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Jim Deller for closing remarks.

Jim Deller: Well, thank you everyone for your interest and for taking the time to participate today. We look forward to updating you regarding our developments and speaking with you on our next call. Thank you, operator.

Operator: Thank you. The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.