“Fuel flexibility for utility operators continues to be a leading driver for our FUEL CHEM segment. In the fourth quarter, we received an extension of a previously announced commercial order, from a satisfied utility customer, whereby Fuel Tech's proprietary TIFI ® Targeted In-Furnace Injection™ technology would be installed on three additional large coal-fired boilers. In this case, our client is switching from burning Central Appalachian to Illinois Basin coal, so they can take advantage of a nearly 40% savings in fuel costs on a comparative dollar per MM BTU basis. Not only do we anticipate that our customer will recognize savings by enabling this fuel flexibility, but we believe they will also benefit from operating performance improvements and additional megawatt generation.”Mr. Bailey concluded, “Although we expect some challenging market conditions in the coming year, we are encouraged about our business prospects and believe that we are well positioned to increase our market share in both the multi-pollutant emissions control and energy efficiency markets. As we enter 2012 with a strong backlog, we believe that revenues and profits will exceed 2011 results. We anticipate APC orders to steadily improve, the result of upcoming regulations in the U.S. and China, and FUEL CHEM announcements to be forthcoming, as utilities strive to enhance fuel flexibility by adding Powder River Basin and Illinois Basin coals to their fuel mix.”
Fuel Tech Reports 2011 Fourth Quarter And Annual Financial Results; Records Achieved In Backlog, APC Announced Bookings And Annual Revenues And Operating Income
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