Fuel Tech Awarded Air Pollution Control Orders Totaling $2.7 Million

Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced the receipt of multiple air pollution control (APC) contracts from customers in the US and China. These awards have an aggregate value of approximately $2.7 million.

A US contract was received for a NO_xOUT Selective Non-Catalytic Reduction (SNCR) system for a utility coal-fired unit. Fuel Tech’s SNCR technology is a proven solution as utility and industrial combustion unit owners look to comply with more stringent NO_x control requirements. In addition, multiple orders were received for NOxOUT system upgrades looking to improve the reliability and performance of existing systems firing municipal solid waste. Engineering orders for utility and industrial customers conducting studies to evaluate future NO_x reduction needs were also received. Deliveries for all these orders will be completed by the fourth quarter of 2019.

An order from China was received for an ULTRA system for an industrial unit firing municipal solid waste being retrofitted with Selective Catalytic Reduction (SCR) technology. Fuel Tech’s ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent where SCR is used to reduce nitrogen oxide (NO_x), eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Delivery will be completed in the second quarter of 2019.

Vincent J. Arnone, President and Chief Executive Officer, commented, “We are pleased to announce these contracts as we continue to provide a wide range of environmental and emission control solutions for our diverse global customer base utilizing a variety of fuel sources. We have announced approximately $6 million in contract bookings in 2019, which is a solid start to our year.”

About Fuel Tech

Fuel Tech develops and commercializes state-of-the-art proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services. These technologies enable customers to operate in a cost-effective and environmentally sustainable manner. Fuel Tech is a leader in nitrogen oxide (NO_x) reduction and particulate control technologies and its solutions have been in installed on over 1,200 utility, industrial and municipal units worldwide. The Company’s FUEL CHEM technology improves the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion and opacity. Water treatment technologies include DGI Dissolved Gas Infusion Systems which utilize a patented nozzle to deliver supersaturated oxygen solutions and other gas-water combinations to target process applications or environmental issues. This infusion process has a variety of applications in the water and wastewater industries, including remediation, aeration, biological treatment and wastewater odor management. 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. For more information, visit Fuel Tech’s web site at www.ftek.com.