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.