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ClearSign Technologies Corporation Announces Changes to Board of Directors

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ClearSign Technologies Corporation (CLIR) announced significant changes to its Board of Directors. The Board expanded from five to seven directors with the appointment of Anthony DiGiandomenico and Lou Basenese, effective May 22, 2025. Additionally, David M. Maley will not seek re-election at the 2025 annual stockholders meeting.

DiGiandomenico, co-founder and Chief of Transactions at MDB Capital Holdings, brings extensive experience in early-stage disruptive technologies. Basenese, currently Executive VP of Market Strategy at Prairie Operating Co. and CEO of The Basenese Group, contributes over 25 years of experience in equity research, investment banking, and strategic planning.

ClearSign Technologies Corporation (CLIR) ha annunciato importanti cambiamenti nel suo Consiglio di Amministrazione. Il Consiglio 猫 passato da cinque a sette membri con la nomina di Anthony DiGiandomenico e Lou Basenese, a partire dal 22 maggio 2025. Inoltre, David M. Maley non si candider脿 per la rielezione all'assemblea annuale degli azionisti del 2025.

DiGiandomenico, cofondatore e Chief of Transactions presso MDB Capital Holdings, porta una vasta esperienza nelle tecnologie dirompenti in fase iniziale. Basenese, attualmente Vicepresidente Esecutivo della Strategia di Mercato presso Prairie Operating Co. e CEO di The Basenese Group, vanta oltre 25 anni di esperienza nella ricerca azionaria, investment banking e pianificazione strategica.

ClearSign Technologies Corporation (CLIR) anunci贸 cambios significativos en su Junta Directiva. La Junta se ampli贸 de cinco a siete directores con el nombramiento de Anthony DiGiandomenico y Lou Basenese, efectivo a partir del 22 de mayo de 2025. Adem谩s, David M. Maley no buscar谩 la reelecci贸n en la reuni贸n anual de accionistas de 2025.

DiGiandomenico, cofundador y Jefe de Transacciones en MDB Capital Holdings, aporta una amplia experiencia en tecnolog铆as disruptivas en etapas tempranas. Basenese, actualmente Vicepresidente Ejecutivo de Estrategia de Mercado en Prairie Operating Co. y CEO de The Basenese Group, cuenta con m谩s de 25 a帽os de experiencia en investigaci贸n de acciones, banca de inversi贸n y planificaci贸n estrat茅gica.

ClearSign Technologies Corporation (CLIR)電� 鞚挫偓須岇棎 欷戨寑頃� 氤頇旊ゼ 氚滍憸頄堨姷雼堧嫟. 鞚挫偓須岆姅 2025雲� 5鞗� 22鞚茧秬搿� Anthony DiGiandomenico鞕赌 Lou Basenese鞚� 鞛勲獏鞙茧 5氇呾棎靹� 7氇呾溂搿� 頇曤寑霅橃棃鞀惦媹雼�. 霕愴暅 David M. Maley電� 2025雲� 鞐半 欤检<齑濏殞鞐愳劀 鞛劆鞐� 霃勳爠頃橃 鞎婌潉 鞓堨爼鞛呺媹雼�.

DiGiandomenico電� MDB Capital Holdings鞚� 瓿惦彊 彀诫鞛愳澊鞛� 瓯半灅 毂呾瀯鞛愲靹� 齑堦赴 雼硠鞚� 順侅嫚 旮办垹 攵勳暭鞐愳劀 頀嶋秬頃� 瓴巾棙鞚� 臧歆瓿� 鞛堨姷雼堧嫟. Basenese電� 順勳灛 Prairie Operating Co.鞚� 鞁滌灔 鞝勲灥 攵氍� 攵靷灔 瓴� The Basenese Group鞚� CEO搿滌劀 欤检嫕 鞐瓣惮, 韴瀽 鞚頄� 鞐呺 氚� 鞝勲灥 旮绊殟 攵勳暭鞐愳劀 25雲� 鞚挫儊鞚� 瓴诫牓鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟.

ClearSign Technologies Corporation (CLIR) a annonc茅 des changements importants au sein de son conseil d'administration. Le conseil est pass茅 de cinq 脿 sept membres avec la nomination de Anthony DiGiandomenico et Lou Basenese, effective 脿 partir du 22 mai 2025. De plus, David M. Maley ne se repr茅sentera pas lors de l'assembl茅e annuelle des actionnaires de 2025.

DiGiandomenico, cofondateur et Chief of Transactions chez MDB Capital Holdings, apporte une vaste exp茅rience dans les technologies de rupture en phase initiale. Basenese, actuellement vice-pr茅sident ex茅cutif de la strat茅gie de march茅 chez Prairie Operating Co. et PDG de The Basenese Group, poss猫de plus de 25 ans d'exp茅rience en recherche sur actions, banque d'investissement et planification strat茅gique.

ClearSign Technologies Corporation (CLIR) gab bedeutende 脛nderungen in seinem Vorstand bekannt. Der Vorstand wurde von f眉nf auf sieben Mitglieder erweitert durch die Ernennung von Anthony DiGiandomenico und Lou Basenese, wirksam ab dem 22. Mai 2025. Au脽erdem wird David M. Maley bei der Hauptversammlung 2025 nicht f眉r eine Wiederwahl kandidieren.

DiGiandomenico, Mitbegr眉nder und Chief of Transactions bei MDB Capital Holdings, bringt umfassende Erfahrung im Bereich disruptiver Fr眉hphasen-Technologien mit. Basenese, derzeit Executive VP f眉r Marktstrategie bei Prairie Operating Co. und CEO der Basenese Group, verf眉gt 眉ber mehr als 25 Jahre Erfahrung in Aktienforschung, Investment Banking und strategischer Planung.

Positive
  • Addition of two experienced board members with strong capital markets expertise
  • New directors have existing knowledge of ClearSign's technologies and operations
  • Both appointees bring valuable industry connections and strategic experience
Negative
  • Loss of board member David M. Maley with uncertain replacement plans
  • Potential governance disruption due to board size uncertainty after Maley's departure

TULSA, Okla., May 27, 2025 /PRNewswire/ --聽ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial combustion and sensing technologies that support decarbonization,聽improve operational and energy efficiency, enable the use of hydrogen as a fuel and enhance safety while dramatically reducing emissions, today announced that the Company's Board of Directors (the "Board") has voted to expand in size from five to seven directors and it appointed Anthony DiGiandomenico and Lou Basenese to fill such newly created vacancies and to serve as members of the Board, effective as of聽May 22, 2025. Further, on May 27, 2025, David M. Maley, a member of the Board, notified the Company that he will not stand for re-election upon the expiration of his term at the Company's 2025 annual meeting of stockholders. The Board has not yet determined whether it will reduce its size or nominate a replacement director at this time.

"I am very pleased to welcome both Anthony and Lou to the Board," said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. "Both have been long time supporters of ClearSign.聽 Their existing knowledge of the Company and its technologies combined with their capital markets experience and industry connections will make them valuable and productive additions to the Board. Additionally, David Maley has indicated that he will not be standing for re-election on the upcoming annual meeting of stockholders, and we thank him for his service to ClearSign."

Mr. DiGiandomenico has been working with and enabling investment into early-stage disruptive technologies for most of his career. He has worked alongside a wide range of companies in biotechnology, medical devices, high technology, and renewable energy spaces. Mr. DiGiandomenico currently serves as the Chief of Transactions and director of MDB Capital Holdings, LLC (NASDAQ: MDBH), a broker-dealer and financial advisory firm based in Dallas, Texas, which he co-founded in 1997 as MDB Capital Group, LLC.聽 Previously, he has served on the board of directors of Provention Bio, Inc., a developer of multiple drug therapies, from January 2017 until May 2020 and the board of directors of Cue Biopharma, Inc., a company that develops novel biologic drugs for the selective modulation of the human immune system to treat a broad range of cancers and autoimmune disorders, from January 2016 to October 2019. Mr. DiGiandomenico holds an MBA from the Haas School of Business at the University of California, Berkeley and a B.S. in Finance from the University of Colorado.

Lou Basenese brings over 25 years of experience in equity research and analysis, investment banking, strategic planning, thought leadership development and communications. Mr. Basenese currently serves as Executive Vice President 鈥� Market Strategy for Prairie Operating Co. (Nasdaq: PROP), a Houston-based publicly traded independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States. He also serves as CEO and Chief Strategist of The Basenese Group, LLC, a full-service equity research, strategy, and advisory firm. Mr. Basenese also serves on the board of directors of ENDRA Life Sciences, Inc., a life sciences company that develops technologies to improve the capabilities of clinical diagnostic ultrasound, and the board of directors of The Roberto Clemente Health Clinic, a U.S.-based non-profit that provides affordable access to high quality health care and wellness programs in the Tola coastal communities of Nicaragua. Prior to his current roles, Mr. Basenese served as President and Chief Market Strategist of MDB Capital Holdings, LLC聽and in various analyst, strategist, and account executive roles in the financial services and research industries. Mr. Basenese holds an MBA from the Crummer Graduate School of Business at Rollins College and a B.A. in English from the University of Florida.

About ClearSign Technologies Corporation

ClearSign Technologies Corporation designs and develops products and technologies for the purpose of decarbonization and improving key performance characteristics of industrial and commercial systems, including聽operational performance, energy efficiency, emission reduction, safety, the use of hydrogen as a fuel and overall cost-effectiveness. Our patented technologies, embedded in established OEM products as ClearSign Core鈩� and ClearSign Eye鈩⒙燼nd other sensing configurations, enhance the performance of combustion systems and fuel safety systems in a broad range of markets, including the energy (upstream oil production and down-stream refining), commercial/industrial boiler, chemical, petrochemical, transport and power industries. For more information, please visit聽.

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SOURCE ClearSign Technologies Corporation

FAQ

Who are the new board members appointed to ClearSign Technologies (CLIR)?

Anthony DiGiandomenico and Lou Basenese were appointed as new board members of ClearSign Technologies, effective May 22, 2025. DiGiandomenico is Chief of Transactions at MDB Capital Holdings, while Basenese is Executive VP at Prairie Operating Co. and CEO of The Basenese Group.

What is the new size of ClearSign Technologies' (CLIR) board of directors?

The board size was expanded from five to seven directors with the appointment of two new members on May 22, 2025.

Why is David M. Maley leaving ClearSign Technologies' (CLIR) board?

David M. Maley notified the company that he will not stand for re-election upon the expiration of his term at the 2025 annual meeting of stockholders. No specific reason was provided in the announcement.

What experience do the new CLIR board members bring to the company?

DiGiandomenico brings expertise in early-stage disruptive technologies and investment, while Basenese contributes over 25 years of experience in equity research, investment banking, and strategic planning. Both have been long-time supporters of ClearSign with existing knowledge of the company's technologies.
Clearsign Technologies Corp

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Pollution & Treatment Controls
Industrial Instruments for Measurement, Display, and Control
United States
TULSA