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 receipt of two ULTRA™ contracts in China totaling $2.6 million.
The first and larger award, placed by a new utility customer, is an award of ULTRA systems for two small and two medium-sized coal fired units that are being retrofitted with nitrogen oxide (NO x) reduction technology. Equipment delivery for this award is scheduled over the next four quarters as units are retrofitted with NO x reduction technology. The second award, also from a new utility customer, is an award of ULTRA systems for four medium-sized coal-fired units that are being retrofitted with NO x reduction technology. The equipment delivery for this award will occur in the fourth quarter of this year. Fuel Tech’s ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent in the selective catalytic reduction of NO x, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia.
Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We are pleased to see continued adoption of our proprietary ULTRA technology and are witnessing an increasing level of bid requests throughout China. As more SCR systems are installed to comply with NO x reduction requirements of the nation’s 12 th Five-Year Plan, we anticipate additional orders for this proven technology.”
About Fuel TechFuel 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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV