WARRENVILLE, Ill.-- Fuel Tech, Inc. (NASDAQ: FTEK), advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, 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 HERTâ„¢ High Energy Reagent Technologyâ„¢ 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.
HERT systems utilize Selective Non-Catalytic Reduction (SNCR) for NOx control. RRI is an SNCR-type process in which a NOx reducing agent, such as urea, is added to a staged lower furnace, where the combustion zone's fuel-rich region and elevated gas temperatures create an ideal environment for NOx reduction. RRI technology is licensed from Reaction Engineering International and Electric Power Research Institute.
In addition to the foregoing, the following business was secured: mapping and demonstration orders from a new electric utility customer in the Midwest; a temperature mapping order from a new electric utility customer in the Western U.S.; domestic orders for a booster fan and flame scanners; and a contract for modeling and injectors from a Korean client.
John F. Norris Jr., President and Chief Executive Officer, commented, "Fuel Tech's ability to mix and match technologies affords our clients maximum flexibility in selecting the most economical route to nitrogen oxide control. With our acquisition earlier this year of substantially all of the assets of Advanced Combustion Technologies, Inc., we now have a project that will allow us to integrate the HERT SNCR approach with RRI technology, which should produce a highly attractive layered solution for our customer.'
Fuel Tech is a 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.
For more information, visit Fuel Tech's web site at www.ftek.com.
For a complete version of the BUSINESS WIRE press release: http://www.businesswire.com/news/home/20091026005259/en
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