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Fuel Tech Awarded Air Pollution Control Orders Totaling $8.4 Million
Friday November 2, 4:54 pm ET
--Includes first contract in Romania--


BATAVIA, Ill.--(BUSINESS WIRE)--Fuel Tech, Inc. (Nasdaq: FTEK - News), a world leader in advanced engineering solutions for the optimization of combustion systems in utility and industrial applications, today announced receipt of multiple air pollution control (APC) orders totaling $8.4 million.


Two of the orders were received from electric utilities based in the Mid-Atlantic region. The first, from a new customer, is for the supply of NOxOUT® Selective Non-Catalytic Reduction (SNCR) systems for installation on three units at a single power generation site. The systems will support the client in satisfying its nitrogen oxide (NOx) reduction compliance plan as required under state multi-pollutant regulations, with project completion scheduled for late 2008. In addition, at the utility’s option, NOxOUT® CASCADE systems could be installed on these units at a later date to help the client achieve deeper NOx reductions, as may be required. The second domestic order represents mapping and modeling for potential future NOx control business for an existing client.

Internationally, an order was secured for a NOxOUT SNCR system to be installed at a cement plant in Romania, with a target completion date of year-end 2007.

John F. Norris Jr., President and Chief Executive Officer, commented, “We are gratified to have been selected by this newest domestic customer for installation of multiple NOx reduction systems, and to have been afforded the opportunity to expand our business relationship further at this important multi-unit plant site. This contract win and potential follow-on business not only reflects Fuel Tech’s capabilities in providing integrated solutions, but also the technical strength and robust design of the Company’s APC systems, which permit our customers to address ever-tightening emission requirements in a stepwise and cost-effective manner.”

Mr. Norris concluded, “With respect to the overseas order, this represents our first piece of business in Romania. Having recently joined the European Union, Romania, along with other Eastern European countries, must now come into compliance with tighter NOx emission standards, which should create more SNCR opportunities for Fuel Tech.”

About Fuel Tech

Fuel Tech is a leading 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.

The Company’s nitrogen oxide (NOx) reduction technologies include the NOxOUT®, NOxOUT CASCADE®, NOxOUT ULTRA®, Rich Reagent Injection (RRI) and NOxOUT-SCR® processes. These technologies have established Fuel Tech as a leader in post-combustion NOx control systems, with installations on over 450 units worldwide, where coal, municipal waste, biomass, and other fuels are utilized.

The Company’s FUEL CHEM® technology revolves around the unique application of chemicals to improve the efficiency, reliability, fuel flexibility and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity and acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter (PM2.5), carbon dioxide and NOx. This technology, in the form of a customizable FUEL CHEM program, is being applied to over 60 combustion units burning a wide variety of fuels including coal, heavy oil, biomass, and municipal waste.

Many of Fuel Tech’s products and services rely heavily on the Company’s exceptional Computational Fluid Dynamics modeling capabilities, which are enhanced by internally developed, high-end visualization software. These capabilities, coupled with the Company’s innovative technologies and multi-disciplined team approach, enable Fuel Tech to provide practical solutions to some of our customers’ most challenging problems. For more information, visit Fuel Tech’s web site at www.ftek.com.

This press release may contain statements of a forward-looking nature regarding future events. These statements are only predictions and actual events may differ materially. Please refer to documents that Fuel Tech files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materially from those contained in the forward-looking statements.



Contact:
Fuel Tech, Inc.
Vincent J. Arnone, 630-845-4500
Chief Financial Officer
or
Tracy H. Krumme, 203-425-9830
Vice President, Investor Relations

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Source: Fuel Tech, Inc.
http://finance.yahoo.com/q/ks?s=FTEK