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 (APC) orders totaling $4.0 million. Two orders were received for projects in China. The largest of these orders, placed by a new industrial customer, was an award of a NOxOUT-SCR® system for a carbon black manufacturing facility. Included within the scope of this project are the engineering design and supply of the reagent injection equipment, SCR reactor vessel, static mixers and other equipment, each of which is critical for optimal SCR performance. Equipment deliveries are expected to occur in early 2013. The second order, placed by an existing utility customer in China, is an award of ULTRA™ systems for two large coal-fired units being retrofitted with nitrogen oxide (NO x) control technology. 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. Equipment deliveries are expected to occur in the second half of this year. Additional orders include an ULTRA system on an industrial unit in the western U.S.; a Selective Non-Catalytic Reduction (SNCR) demonstration utilizing a combination of NOxOUT® and HERT™ High Energy Reagent™ technologies for a large coal-fired unit in the southwestern U.S.; and two Computational Fluid Dynamic (CFD) modeling orders from customers in Australia and Texas. Often, modeling initiatives and SNCR demonstrations represent the first steps in an investment program and can lead to larger equipment and installation orders in the near future. Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We continue to see increased bidding activity in China and we are pleased to advance our penetration of this large and fast-growing market. With respect to the domestic APC market, drivers such as the Regional Haze and Boiler MACT Rules, state and local permits, and consent decrees still exist and we will continue to pursue these opportunities.”
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. The Company’s nitrogen oxide (NO x) reduction technologies include advanced combustion modification techniques - such as Low NOx Burners and Over-Fire Air systems - and post-combustion NO x 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 NO x 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 NO x. 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.