Fuel Tech Awarded Air Pollution Control Orders Totaling $2.7M

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 air pollution control orders totaling $2.7 million.

Principal among these was the award of a Selective Non-Catalytic Reduction (SNCR) project for three industrial boilers located in the Midwest U.S. Fuel Tech’s SNCR process is a post-combustion nitrogen oxide (NO x) reduction method which reduces NO x through the controlled injection of reagent into the post-combustion flue gas path. Equipment deliveries are currently scheduled for the first and second quarters of 2013.

Additionally, one international and two domestic Computational Fluid Dynamic (CFD) modeling orders were received, as well as a spare parts order from a domestic utility customer.

Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We continue to see industrial activity in the domestic APC market based on drivers from state and local permits, consent decrees, and Regional Haze requirements and we will continue to pursue these opportunities. The vacature of the Cross-State Air Pollution Rule (CSAPR) and the timing and potential appeals by EPA continue to leave utility sources uncertain as to the specific emission reductions and schedule. However, the upcoming pressure on sources remains strong since states must comply with current and proposed ambient air quality standards. Cost-effective flexible solutions remain a key element of our customer compliance strategies, and as such, Fuel Tech will be ready with technology options as domestic regulatory clarity develops.”

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 (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 NO xOUT ® 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 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.

Copyright Business Wire 2010

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