Fuel-Tech N.V. Awarded Multiple NOxOUT(R) Orders Totaling $2.4 Million
Thursday January 19, 7:00 am ET
STAMFORD, Conn.--(BUSINESS WIRE)--Jan. 19, 2006--Fuel-Tech N.V. (Nasdaq: FTEK - News), a world leader in advanced engineering solutions for the optimization of combustion systems in utility and industrial applications, today announced five orders for NOxOUT® projects totaling $2.4 million. Two of the orders are for NOxOUT® Selective Non-Catalytic Reduction (SNCR) systems, one is for turnkey installation services, while the other two contracts represent NOxOUT SNCR design engineering services.
The first order is for NOxOUT systems for two small coal-fired boilers at a major Southeastern utility, while the second relates to NOxOUT systems for two municipal solid waste incinerators in France. The third order, from a major Southeastern utility alliance partner, is for the turnkey installation of a NOxOUT SNCR system on a 350 megawatt coal-fired boiler. The remaining contracts comprise design engineering services for NOxOUT systems on four coal-fired units at a major Southeastern utility and a single coal-fired unit at a major Southwestern utility.
Steven C. Argabright, President and Chief Operating Officer, commented, "We are very pleased to start the year with announced business from several existing utility customers. In the case of our alliance partner, we fully anticipate additional air pollution control orders in the near future, while the design engineering releases should result in equipment purchases later this year. Overseas, the order in France represents the latest in a steady stream of business being won by our Italian subsidiary, which is capitalizing on expanding European market opportunities."
About Fuel-Tech N.V.
Fuel-Tech N.V. 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. The Company's nitrogen oxide (NOx) reduction processes, which include the NOxOUT®, NOxOUT CASCADE®, NOxOUT ULTRA®, Rich Reagent Injection (RRI) and NOxOUT-SCR® technologies, have established Fuel-Tech N.V. as a leader in post-combustion NOx control systems, which are installed on over 350 units worldwide.
New technologies that have grown out of the core NOx reduction business form the basis of the FUEL CHEM® business. FUEL CHEM technology revolves around the unique application of chemicals to improve the performance of combustion units by controlling slagging, fouling, corrosion and opacity. The Company's FUEL CHEM products are being applied to over 80 combustion units burning a wide variety of fuels including coal, heavy oil, biomass, and municipal waste. Both the NOx reduction and FUEL CHEM businesses rely heavily on the Company's exceptional Computational Fluid Dynamics modeling skills, which are enhanced by internally developed, high-end visualization software. For more information, visit Fuel-Tech N.V.'s web site at www.fueltechnv.com.
This press release contains 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.
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Contact:
Fuel-Tech N.V.
Vincent J. Arnone, 630-845-4500
OR
Tracy H. Krumme, 203-425-9830
to make a million bucks over night" 
