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June 10, 2014
10:42 EDTFTEKFuel Tech awarded air pollution control orders totaling $5.2M
Fuel Tech announced the receipt of four air pollution control contracts from customers in China, along with an APC order in the US. These awards have an aggregate value of approximately $5.2M. The first two contracts are for ULTRA systems for several sites in China with coal-fired units that are being retrofitted with nitrogen oxide reduction 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 NOx, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Two additional China contract awards are for Fuel Tech's HERT High Energy Reagent Technology and NOxOUT Selective Non-Catalytic Reduction systems for multiple coal-fired boilers at two power generation facilities. Equipment deliveries for all four contracts are expected to occur in Q3.
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August 11, 2014
16:27 EDTFTEKFuel Tech reports Q2 EPS (3c), consensus (1c)
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