Fuel Tech Announces FUEL CHEM® Demonstration

BATAVIA, Ill.--(BUSINESS WIRE)--Fuel Tech, Inc. (Nasdaq: FTEK), a world leader in advanced engineering solutions for the optimization of combustion systems in utility and industrial applications, today announced a FUEL CHEM^® demonstration order placed by an electric generating facility located in Italy. Utilizing the Company’s proprietary TIFI™ Targeted In-Furnace Injection™ program, this demonstration will be conducted on two biomass units burning a combination of wood chips and olive husks. Chemical feed for the program is scheduled to commence early in the second quarter.

John F. Norris Jr., President and Chief Executive Officer, commented, “We are very pleased to announce our first TIFI biomass application in Europe. This order is designed to demonstrate our program’s ability to alleviate the slagging and efficiency-dampening carbon monoxide formation problems often associated with these types of units, which are prevalent throughout Europe. With existing TIFI applications on two coal-fired units in Italy, we are working very hard to expand the global reach of our technology, both from a fuel input and geographic perspective.”

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 the NOxOUT^®, NOxOUT CASCADE^®, NOxOUT ULTRA^®, Rich Reagent Injection (RRI) and NOxOUT-SCR^® processes. These technologies have established Fuel Tech as a leader in post-combustion NOx control systems, with installations on over 400 units worldwide, where coal, 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 and reliability of combustion units by controlling slagging, fouling, corrosion and opacity. This technology, in the form of a customizable FUEL CHEM program, is being applied to over 50 combustion units burning a wide variety of fuels including coal, heavy oil, biomass, and municipal waste.

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.