Fuel Tech (FTEK) Awarded $4.4 Million in Air Pollution Control Contracts
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Fuel Tech, Inc. (NASDAQ: FTEK) announced receipt of multiple air pollution control contracts totaling $4.4 million.
The largest of these orders, placed by a domestic electric utility, represents a nitrogen oxide (NOx) reduction project on two medium-sized boilers utilizing HERT(TM) High Energy Reagent Technology(TM) systems in combination with Rich Reagent Injection (RRI) technology. This initiative, which will enable Fuel Tech to combine these two complementary capabilities for the first time, is designed to enable our client to comply with a consent decree order. Equipment deliveries are scheduled to commence during the second quarter of 2010. Also in response to an unrelated consent decree, an equipment order was placed for low NOx burners and an over-fire air system for use at a municipal power plant.
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