ClearSign appoints Matthew Martin as Chief Technology Officer

ClearSign hired Matthew Martin as Chief Technology Officer. Martin has over 20 years of experience in combustion-related industries. Before joining ClearSign, he served as the Chief Research Scientist at XRG Technologies. During his tenure at Honeywell from 2009 to 2018, he held various positions, including Senior Product Line Manager for Burners, Flares, Flare Gas Recovery, and Thermal Oxidizers. From 2000 to 2009, Martin worked at Callidus Technologies in roles such as CFD Analyst, Design Engineer, and Software Developer. In connection with Martin’s hire, on November 6, the company, granted non-qualified stock options to purchase an aggregate of 150,000 shares of its common stock. The options were approved by the compensation committee of the Company’s board of directors and were granted as a material inducement to Martin’s entering into employment with the company. The options have an exercise price of 91c per share. The options will vest in three equal installments, with one third of the options vesting on the grant date, and each remaining third of the options will vest on the second and third anniversaries of the grant date.