Fuel Tech Announces $5M in orders

Fuel Tech, Inc. (Nasdaq: FTEK ) announced receipt of multiple air pollution control (APC) orders totaling $5 million.

The principal order, placed by an electric utility customer in the Mid-Atlantic region, covers the supply and installation of Fuel Tech’s NOxOUT Selective Non-Catalytic Reduction (SNCR) systems on three units at a single power generation site. The systems will be designed to enable the client to satisfy its nitrogen oxide (NOx) reduction compliance plan as required under federal and state multi-pollutant regulations, with equipment deliveries scheduled for late 2008.

In addition, a contract was secured for an industrial SNCR demonstration project in the Mid-Atlantic region, and an order was received for a small system for an electric utility operating in Guadeloupe, a French territory in the Caribbean Sea.

John F. Norris Jr., President and CEO, commented, "We are pleased to have won our first APC order with this domestic utility client."

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.

 

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