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Stock impact report

Fuel Tech Announces FUEL CHEM® Commercial Contract for a New Domestic Utility Customer

Fuel Tech, Inc. (FTEK) 
Last fuel tech, inc. earnings: 3/11 05:08 pm Check Earnings Report
US:NASDAQ Investor Relations: ftek.com/investors
Company Research Source: GlobeNewswire
WARRENVILLE, Ill., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ: FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced the commencement of a new commercial program using the Company’s proprietary TIFI® Targeted In-Furnace Injection™ technology for a large coal-fired boiler at a Midwest United States utility.    This order comes after a demonstration of the Company’s TIFI® technology at this unit over the past several months. The annual revenue potential from this contract is projected to be approximately $1.5 to $2.0 million based on the customer running the program full-time, with the revenue expected to generate historic FUEL CHEM® gross margins. During the demonstration, the TIFI® chemical program improved boiler availability and reliability, and reduced maintenance downtime for off-line boiler cleaning in order to maximize the po Show less Read more
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