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Fuel Tech Awarded $7.6 Million Air Pollution Control Contract In Taiwan

Fuel Tech, Inc. (NASDAQ: FTEK), a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today announced it was awarded a $7.6 million contract to supply equipment and engineering services for an ASCR™ Advanced SCR project in Taiwan, Republic of China. This order, placed by an existing customer for two industrial boilers burning coal and other gases, incorporates Fuel Tech’s combined Low NO x Burner (LNB), Over-Fire Air (OFA), NO xOUT ® Selective Non-Catalytic Reduction (SNCR) and Selective Catalytic Reduction (SCR) technologies. Equipment deliveries are currently scheduled for the first and third quarters of 2013.

Fuel Tech's ASCR system is a layered technology approach that can offer advantages over full-scale stand-alone SCR systems, including lower capital costs, enhanced fuel flexibility and reduced equipment footprint requirements. Furthermore, this technology approach synergistically integrates three mainstream nitrogen oxide (NO x) control technologies: combustion modifications, SNCR, and SCR into one cost-effective, high-performance NO x reduction solution.

Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We continue to see increased discussions with operators of power plants and industrial units as a result of more stringent NO x control regulations in the Pacific Rim market. This order, from a repeat customer, represents our third ASCR order in China. These ASCR contract awards display our unique capability to integrate technologies ranging from Low NO x Burners, Over-Fire Air and hybrid SNCR/SCR into one system that offers a competitive and capital-efficient NO x reduction solution to power plant units of all sizes.”

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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