Fuel Tech Awarded Multiple Air Pollution Control Orders Totaling $2.1 Million
* Reuters is not responsible for the content in this press release.
WARRENVILLE, Ill., March 24 /PRNewswire-FirstCall/ -- Fuel Tech, Inc. (Nasdaq:
FTEK), a world leader in advanced engineering solutions for the optimization
of combustion systems in utility and industrial applications, today announced
receipt of multiple air pollution control contracts totaling $2.1 million.
Principal among these was an order from an existing customer for NOxOUT(R)
Selective Non-Catalytic Reduction (SNCR) systems to be installed on two
municipal solid waste (MSW) incinerators in France. Equipment deliveries for
this project are scheduled for the third quarter.
Orders were also received for a commercial HERT(TM) High Energy Reagent
Technology(TM) system as well as several HERT demonstrations for nitrogen
oxide (NOx) control in the Midwestern and Southeastern United States. In
addition to the foregoing, a boiler tuning contract was received, along with a
number of supplemental equipment orders for previously secured business.
"We are off to a great start this year in Europe," commented John F. Norris
Jr., President and Chief Executive Officer. "In France, where all municipal
solid waste incinerators will be required to control NOx emissions by the end
of 2009, we have seen a strong pick-up in project activity, having already
announced one NOx control initiative earlier this year. Discussions to secure
other French MSW business are ongoing as are efforts to market our broadened
suite of NOx control technologies throughout Europe."
Mr. Norris concluded, "We are also pleased with the indicated level of
interest in our recently acquired HERT technology which, in combination with
our NOxOUT systems and combustion modification capabilities, offers our
clients an unparalleled selection of economic solutions for achieving NOx
control targets."
About Fuel Tech
Fuel Tech is a leading technology company engaged in the worldwide
development, commercialization and application of state-of-the-art proprietary
technologies for air pollution control, process optimization, and advanced
engineering services. These technologies enable customers to produce both
energy and processed materials in a cost-effective and environmentally
sustainable manner.
The Company's nitrogen oxide (NOx) reduction technologies include advanced
combustion modification techniques -- such as low NOx burners and overfire air
systems -- and post-combustion NOx control approaches, including NOxOUT(R) and
HERT(TM) SNCR systems as well as systems that incorporate NOxOUT CASCADE(R),
NOxOUT ULTRA(R), Rich Reagent Injection (RRI) and NOxOUT-SCR(R) processes.
These technologies have established Fuel Tech as a leader in NOx reduction,
with installations on over 550 units worldwide, where coal, fuel oil, natural
gas, municipal waste, biomass, and other fuels are utilized.
The Company's FUEL CHEM(R) technology revolves around the unique application
of chemicals to improve the efficiency, reliability, fuel flexibility and
environmental status of combustion units by controlling slagging, fouling,
corrosion, opacity and acid plume, as well as the formation of sulfur
trioxide, ammonium bisulfate, particulate matter (PM(2.5)), carbon dioxide and
NOx. This technology, in the form of a customizable FUEL CHEM program, is
being applied to over 95 combustion units burning a wide variety of fuels
including coal, heavy oil, biomass, and municipal waste. A breakdown of the
nature of these customer units is posted on the Company's website.
Fuel Tech also provides a range of combustion optimization services, including
airflow testing, coal flow testing and boiler tuning, as well as services to
help optimize selective catalytic reduction system performance, including
catalyst management services and ammonia injection grid tuning. In addition,
flow corrective devices and physical and computational modeling services are
available to optimize flue gas distribution and mixing in both power plant and
industrial applications.
Many of Fuel Tech's products and services rely heavily on the Company's
exceptional Computational Fluid Dynamics modeling capabilities, which are
enhanced by internally developed, high-end visualization software. These
capabilities, coupled with the Company's innovative technologies and
multi-disciplined team approach, enable Fuel Tech to provide practical
solutions to some of our customers' most challenging problems. For more
information, visit Fuel Tech's web site at www.ftek.com.
This press release may contain statements of a forward-looking nature
regarding future events. These statements are only predictions and actual
events may differ materially. Please refer to documents that Fuel Tech files
from time to time with the Securities and Exchange Commission for a discussion
of certain factors that could cause actual results to differ materially from
those contained in the forward-looking statements.
CONTACT: John P. Graham
Chief Financial Officer
(630) 845-4500
Tracy H. Krumme
Vice President, Investor Relations
(203) 425-9830
SOURCE Fuel Tech, Inc.
John P. Graham, Chief Financial Officer, +1-630-845-4500, or Tracy H. Krumme,
Vice President, Investor Relations, +1-203-425-9830
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.


Follow Reuters