Fuel Tech (FTEK) Behind Schedule with Year-End Audit; Will Delay Release

March 5, 2013 6:15 AM EST
Fuel Tech, Inc. (Nasdaq: FTEK) reported that the audit of its 2012 financial statements is behind its customary schedule due to an independence issue, since resolved, involving Fuel Tech’s independent auditing firm, McGladrey LLP. Fuel Tech’s Audit Committee and McGladrey carefully evaluated the issue, which Fuel Tech will describe in further detail in its annual report.

Fuel Tech intends to release its financial results and schedule an earnings call as soon as reasonably practicable, but has not yet established a date for that release or earnings call. When these are scheduled, Fuel Tech will make a further press release.


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