Fuel Tech (FTEK) Inks Two New Marketing, Supply Agreements
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Fuel Tech Announces New Marketing and Supply Agreements for Boiler Cleaning and Mercury Control Technologies
August 10, 2016 8:55 AM EDTWARRENVILLE, Ill.--(BUSINESS WIRE)-- 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 has entered into separate marketing and supply agreements with Redox Solutions and PowerPlus Cleaning Systems. These agreements allow the Company to serve as an exclusive reseller of emissions control solutions that address high-demand areas of mercury control along with boiler cleaning and efficiency.
Vincent J. Arnone, President and Chief Executive Officer, commented, These agreements are consistent with our New... More
Fuel Tech Reports 2016 Second Quarter Financial Results
August 9, 2016 5:25 PM EDTQ2 2016 Overview
Revenues of $15.2 million compared to $18.7 million in Q2 2015 Gross profit of $5.6 million, or 36.8% of revenue, compared to $7.1 million, or 38.2% of revenue, in Q2 2015 Net loss was $2.6 million, or $0.11 per diluted share, compared to net loss of $1.4 million, or $0.06 per diluted share, in Q2 2015 At June 30, 2016 total cash and equivalents of $19.4 million, or $0.84 per diluted share No long-term debtWARRENVILLE, Ill.--(BUSINESS WIRE)-- Fuel Tech, Inc. (NASDAQ:... More
