Fuel Tech Awarded Air Pollution Control Orders Totaling $1.6 Million

Expects to Close New Awards Valued at $4 Million to $5 Million

WARRENVILLE, Ill., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ: FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced the receipt of air pollution control (APC) orders from new and existing customers in the US. These orders have an aggregate value of approximately $1.6 million.  

A contract was received from an existing customer in the US for an ULTRA system to be installed on a natural gas turbine with a heat recovery steam generator at a university in the Midwest. 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 NO_x, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Delivery is expected to be completed in the second quarter of 2026.

An order was also received for advanced engineering from an existing municipal waste unit customer as a first step towards an Advanced Selective Non-Catalytic Reduction (ASNCR) system, which is a proven solution for industrial combustion unit owners looking to comply with more stringent NO_x control requirements. A second order was received for site services from a medical facility in the Northeast looking to optimize the operation of its existing ULTRA system to feed the SCR reactor. In addition, several orders were received for parts for recent SCR and ULTRA projects. Work for these contracts is scheduled for completion in the first quarter of 2025.

Vincent J. Arnone, President and Chief Executive Officer, commented, “We are pleased to announce these contract awards which represent continued growth to support the needs of a wide range of industrial customers. Based on our current sales pipeline, we are in the late stages of actively pursuing multiple APC contracts that are scheduled to be awarded between now and early in the second quarter of 2025 covering the majority of our APC technology suite and having a total contract value expected to range between $4 million and $5 million.”