Fuel Tech Awarded Air Pollution Control Orders Totaling $2.2M

Fuel Tech, Inc. (NASDAQ: FTEK), a world leader in advanced engineering solutions for combustion and emissions control systems for utility and industrial applications, today announced receipt of multiple air pollution control orders totaling $2.2 million.

The larger of these orders, placed by a new domestic utility customer in the Midwest, was for combustion modifications and a Separated Over-Fire Air (SOFA) system for a small tangential coal-fired boiler. Fuel Tech’s SOFA system utilizes a high energy nozzle design that controls airflow from the secondary air ducts to evenly distribute flow through ports above the top elevation of burners. The system includes burner modifications and equipment to fire 100 percent natural gas, in addition to improving combustion performance and NOx emissions when firing coal. Equipment deliveries are currently scheduled for the fourth quarter of 2012.

In Mexico, an award was received from a new industrial customer for an SCR system that will also utilize an ULTRA™ system. This customer is adding a new furnace at a steel plant and is seeking NOx reduction to meet regulations affecting new gas-fired units. The SCR reagent will be generated by the ULTRA system and will use urea as opposed to ammonia, which will eliminate the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Equipment deliveries are currently scheduled for the third quarter of 2012.

Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We are pleased to be awarded these projects, particularly the domestic order that utilizes our proven SOFA technology. Customers such as this are proceeding with their NOx reduction plans as compliance under the Clean Air Interstate Rule remains in effect pending resolution of the more stringent Cross-State Air Pollution Rule, which came under court review at the end of 2011. Given the current low natural gas prices, the flexibility for the unit to fire either coal or natural gas is a compelling value-added benefit. ”

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.

The Company’s nitrogen oxide (NOx) reduction technologies include advanced combustion modification techniques - such as Low NOx Burners and Over-Fire Air systems - and post-combustion NOx control approaches, including NOxOUT® and HERT™ SNCR systems as well as systems that incorporate ASCR™ (Advanced Selective Catalytic Reduction), NOxOUT CASCADE®, ULTRA™ and NOxOUT-SCR® processes. These technologies have established Fuel Tech as a leader in NOx reduction, with installations on over 700 units worldwide, where coal, fuel oil, natural gas, municipal waste, biomass and other fuels are utilized.

The Company’s FUEL CHEM® technology revolves around the unique application of chemicals to improve the efficiency, reliability, fuel flexibility and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity and operational issues associated with sulfur trioxide, ammonium bisulfate, particulate matter (PM 2.5), carbon dioxide and NOx. The Company has experience with this technology, in the form of a customizable FUEL CHEM program, on over 110 combustion units burning a wide variety of fuels including coal, heavy oil, biomass, and municipal waste.

Fuel Tech also provides a range of combustion optimization services, including airflow testing, coal flow testing and boiler tuning, as well as services to help optimize selective catalytic reduction system performance, including catalyst management services and ammonia injection grid tuning. In addition, flow corrective devices and physical and computational modeling services are available to optimize flue gas distribution and mixing in both power plant and industrial applications.

Many of Fuel Tech’s products and services rely heavily on the Company’s exceptional Computational Fluid Dynamics modeling capabilities, which are enhanced by internally developed, high-end visualization software. These capabilities, coupled with the Company’s innovative technologies and multi-disciplined team approach, enable Fuel Tech to provide practical solutions to some of our customers’ most challenging problems. For more information, visit Fuel Tech’s web site at www.ftek.com .

This press release may contain statements of a forward-looking nature regarding future events. These statements are only predictions and actual events may differ materially. Please refer to documents that Fuel Tech files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materially from those contained in the forward-looking statements.

Copyright Business Wire 2010

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