Fuel Tech Awarded Air Pollution Control Orders Totaling $4.2 Million

Fuel Tech, Inc. FTEK, a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today announced the receipt of four air pollution control (APC) contracts in China, along with multiple APC orders in the US and the UK. These awards have an aggregate value of approximately $4.2 million. The first two contracts in China are for ULTRA™ systems for coal-fired units that are being retrofitted with nitrogen oxide (NOx) reduction technology. Fuel Tech's ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent in the selective catalytic reduction of NOx, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. The two additional contracts in China are for Fuel Tech's HERT™ High Energy Reagent Technology™ and NOxOUT® Selective Non-Catalytic Reduction (SNCR) systems for multiple coal-fired boilers at two power generation facilities. Equipment deliveries for all four contracts are expected to occur in the second and third quarters of this year. In the US, an order was received for an ULTRA system on a gas-fired boiler at a major university campus facility that uses combined heat and power for its energy requirements. Delivery of the ULTRA system is scheduled for early 2015. In addition, engineering and modeling orders were received for several industrial units. In the UK, a contract was received for demonstration of SNCR technology on large coal-fired units burning both coal and biomass. In addition, there was an order for a permanent installation for a small biomass facility. All contracts will be completed in 2014. Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “ Our China Pacific Rim business is continuing to grow, driven primarily by China's focus on complying with NOx reduction requirements under that nation's 12th five-year plan. We are pleased to see growth in the UK market, where there has been renewed interest in SNCR technology. The ULTRA system in the US will add to our experience for university projects, where safety concerns continue to open opportunities for our urea-based technology rather than ammonia systems for SCR installations.”