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 it was awarded a $7.6 million contract to supply equipment and engineering services for an ASCR™ Advanced SCR project in Taiwan, Republic of China. This order, placed by an existing customer for two industrial boilers burning coal and other gases, incorporates Fuel Tech’s combined Low NO x Burner (LNB), Over-Fire Air (OFA), NO xOUT ® Selective Non-Catalytic Reduction (SNCR) and Selective Catalytic Reduction (SCR) technologies. Equipment deliveries are currently scheduled for the first and third quarters of 2013. Fuel Tech's ASCR system is a layered technology approach that can offer advantages over full-scale stand-alone SCR systems, including lower capital costs, enhanced fuel flexibility and reduced equipment footprint requirements. Furthermore, this technology approach synergistically integrates three mainstream nitrogen oxide (NO x) control technologies: combustion modifications, SNCR, and SCR into one cost-effective, high-performance NO x reduction solution. Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We continue to see increased discussions with operators of power plants and industrial units as a result of more stringent NO x control regulations in the Pacific Rim market. This order, from a repeat customer, represents our third ASCR order in China. These ASCR contract awards display our unique capability to integrate technologies ranging from Low NO x Burners, Over-Fire Air and hybrid SNCR/SCR into one system that offers a competitive and capital-efficient NO x reduction solution to power plant units of all sizes.” 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 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 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.