Fuel Tech (NASDAQ:FTEK) Stock

Fuel Tech

Fuel Tech Inc is an technology provider of boiler optimization, efficiency improvement, and air pollution reduction to utility and industrial customers. The company operates in two segments, Air Pollution Control and Fuel Chem. The Air Pollution Control technology segment includes technologies to reduce NOx emissions in flue gas from boilers, incinerators, furnaces and other stationary combustion sources. The Fuel Chem technology segment uses chemical processes in combination with Computational Fluid Dynamics and Chemical Kinetics Modeling boiler modeling for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology.

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The Dow Jones closed slightly higher on Monday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

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88 Biggest Movers From Yesterday

Fuel Tech Inc

WIIM

Fuel Tech shares are trading higher after the company announced it was awarded a $1.6 million air pollution control contract.

Fuel Tech, Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced the receipt of air pollution control (APC) orders from new and existing customers in the US. These orders have an aggregate value of approximately $1.6 million.&nbsp;&nbsp;
A contract was received from an existing customer in the US for an ULTRA&#xAE; system to be installed on a natural gas turbine with a heat recovery steam generator at a university in the Midwest. Fuel Tech's ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent where SCR is used to reduce NOx, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Delivery is expected to be completed in the second quarter of 2026.

Contracts

Fuel Tech Awarded $1.6M Air Pollution Control Orders From New And Existing Customers In The US

Fuel Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>) reported quarterly sales of $7.851 million which missed the analyst consensus estimate of $8.473 million by 7.34 percent. This is a 1.72 percent decrease over sales of $7.988 million the same period last year.

Earnings

Earnings Misses

Fuel Tech Q3 Sales $7.851M Miss $8.473M Estimate

Retail Sales

Fuel Tech Inc Announced Orders From New And Existing Customers Totaling ~$2M

Fuel Tech Inc Announced that Its DGI Technology Has Been Selected For An Extended Demonstration At A Fish Hatchery In The Western U.S

Fuel Tech, Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>), 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&#xAE; Targeted In-Furnace Injection&#x2122; technology for a large coal-fired boiler at a Midwest United States utility.&nbsp; &nbsp;
This order comes after a demonstration of the Company's TIFI&#xAE; 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&#xAE; gross margins.
During the demonstration, the TIFI&#xAE; chemical program improved boiler availability and reliability, and reduced maintenance downtime for off-line boiler cleaning in order to maximize the power generation profile of this unit.

Fuel Tech Announces FUEL CHEM Commercial Contract For A New Domestic Utility Customer; The Annual Revenue Potential From This Contract Is Projected To Be ~$1.5M-$2.0M Based On The Customer Running The Program Full-Time, With The Revenue Expected To Generate Historic FUEL CHEM Gross Margins

Fuel Tech, Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced the receipt of air pollution control (APC) orders from new and existing customers in Europe and the US. These orders, which have an aggregate value of approximately $5.0 million, include the Company's first APC award for a renewable energy project.&nbsp; &nbsp;

Fuel Tech Awarded Air Pollution Control Orders Totaling $5M From New And Existing Customers In Europe And The U.S.

Fuel Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>) reported quarterly losses of $(0.01) per share which beat the analyst consensus estimate of $(0.02) by 50 percent. This is a 66.67 percent increase over losses of $(0.03) per share from the same period last year. The company reported quarterly sales of $7.042 million which beat the analyst consensus estimate of $5.810 million by 21.20 percent. This is a 26.63 percent increase over sales of $5.561 million the same period last year.

Earnings Beats

Fuel Tech Q2 2024 GAAP EPS $(0.01) Beats $(0.02) Estimate, Sales $7.042M Beat $5.810M Estimate

HC Wainwright &amp; Co. analyst Amit Dayal reiterates Fuel Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>) with a Buy and maintains $4 price target.

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HC Wainwright & Co. Reiterates Buy on Fuel Tech, Maintains $4 Price Target

Fuel Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>) reported quarterly earnings of $0.01 per share which beat the analyst consensus estimate of $(0.01) by 200 percent. This is a 200 percent increase over losses of $(0.01) per share from the same period last year. The company reported quarterly sales of $4.957 million which missed the analyst consensus estimate of $6.728 million by 26.32 percent. This is a 31.97 percent decrease over sales of $7.287 million the same period last year.

Fuel Tech Q1 2024 GAAP EPS $0.01 Beats $(0.01) Estimate, Sales $4.957M Miss $6.728M Estimate

<h3>Gainers</h3>
<ul>
<li>Li-Cycle Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LICY#NYSE">LICY</a>) stock rose 42.4% to $0.57 during Tuesday's pre-market session. The company's market cap stands at $101.7 million. </li>
<li>Singularity Future Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGLY#NASDAQ">SGLY</a>) stock increased by 37.74% to $4.27. The company's market cap stands at $7.4 million. </li>
<li>ATIF Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATIF#NASDAQ">ATIF</a>) stock increased by 16.23% to $1.19. The company's market cap stands at $11.4 million. </li>
<li>Polar Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POLA#NASDAQ">POLA</a>) stock moved upwards by 11.49% to $0.46. The market value of their outstanding shares is at $8.0 million. </li>
<li>Desktop Metal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DM#NYSE">DM</a>) shares moved upwards by 10.05% to $0.69. The company's market cap stands at $222.4 million. </li>
<li>EHang Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) stock moved upwards by 10.03% to $14.04. The company's market cap stands at $847.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Blade Air Mobility (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLDE#NASDAQ">BLDE</a>) shares declined by 12.3% to $3.5 during Tuesday's pre-market session. The market value of their outstanding shares is at $261.2 million. The company's, Q4 earnings came out today. </li>
<li>Swvl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) stock declined by 8.9% to $5.63. The company's market cap stands at $38.2 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) shares declined by 8.58% to $1.6. The market value of their outstanding shares is at $130.9 million. </li>
<li>Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) stock fell 8.53% to $30.9. The company's market cap stands at $18.4 billion. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares declined by 6.18% to $5.32. The company's market cap stands at $86.3 million. </li>
<li>Fuel Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>) shares decreased by 5.99% to $1.1. The market value of their outstanding shares is at $33.4 million. As per the press release, Q4 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<h3>Gainers</h3>
<ul>
<li>Singularity Future Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGLY#NASDAQ">SGLY</a>) shares moved upwards by 63.5% to $5.15 during Monday's after-market session. The market value of their outstanding shares is at $9.0 million. </li>
<li>Greenwave Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) stock increased by 4.91% to $0.47. The market value of their outstanding shares is at $7.7 million. </li>
<li>TPI Composites (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPIC#NASDAQ">TPIC</a>) stock increased by 4.76% to $3.3. The company's market cap stands at $155.8 million. </li>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) stock rose 4.18% to $0.72. The company's market cap stands at $10.8 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) shares increased by 4.16% to $1.25. The market value of their outstanding shares is at $78.5 million. </li>
<li>Dragonfly Energy Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFLI#NASDAQ">DFLI</a>) stock rose 4.07% to $0.57. The market value of their outstanding shares is at $34.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Fuel Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>) shares fell 7.7% to $1.08 during Monday's after-market session. The company's market cap stands at $32.8 million. As per the news, the Q4 earnings report came out today. </li>
<li>Getaround (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) stock decreased by 5.7% to $0.24. The market value of their outstanding shares is at $22.7 million. </li>
<li>Shengfeng Development (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFWL#NASDAQ">SFWL</a>) shares declined by 5.36% to $1.59. The company's market cap stands at $131.0 million. </li>
<li>Astra Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTR#NASDAQ">ASTR</a>) stock declined by 4.99% to $0.55. The company's market cap stands at $12.4 million. </li>
<li>NuScale Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) stock fell 4.93% to $5.21. The market value of their outstanding shares is at $400.0 million. </li>
<li>Royalty Management Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMCO#NASDAQ">RMCO</a>) shares fell 4.38% to $1.31. The market value of their outstanding shares is at $18.6 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Invesco KBW NASDAQ Fintech UCITS ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>) reported its Q4 earnings results on Monday, March 11, 2024 at 04:20 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Invesco KBW NASDAQ Fintech UCITS ETF beat estimated earnings by 33.0%, reporting an EPS of $-0.02 versus an estimate of $-0.03.
Revenue was down $676 thousand from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.01 which was followed by a 7.000000000000001% increase in the share price the next day.
Here's a look at Invesco KBW NASDAQ Fintech UCITS ETF's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0</td>
<td>-0.02</td>
<td>-0.02</td>
<td>-0.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.01</td>
<td>-0.03</td>
<td>-0.01</td>
<td>-0.01</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>7.71M</td>
<td>6.29M</td>
<td>6.35M</td>
<td>6.38M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>7.99M</td>
<td>5.56M</td>
<td>7.29M</td>
<td>7.02M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Invesco KBW NASDAQ Fintech UCITS ETF <a href="https://www.benzinga.com/quote/FTEK/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Invesco KBW NASDAQ Fintech UCITS ETF Q4 Earnings

Fuel Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.03) by 33.33 percent. The company reported quarterly sales of $6.345 million which missed the analyst consensus estimate of $6.897 million by 8.00 percent. This is a 9.63 percent decrease over sales of $7.021 million the same period last year.

Fuel Tech Q4 2023 GAAP EPS $(0.02) Beats $(0.03) Estimate, Sales $6.345M Miss $6.897M Estimate

Two orders were received from new customers in Europe for Selective Catalytic Reduction (SCR) technology, which uses a catalyst along with urea or ammonia as the reagent to provide high levels of nitrogen oxide (NOx) reduction. The first order is for a natural gas and process gas fired heater used at a chemical processing plant. The SCR system includes the catalyst and reactor and will utilize anhydrous ammonia which is already on-site. Equipment delivery is expected in the fourth quarter of 2024. The second order is for a natural gas fired boiler at a municipal solid waste facility. The SCR system includes the catalyst and reactor and an aqueous ammonia reagent delivery system. The scope also includes a catalyst to reduce carbon monoxide emissions from the customer process. Equipment deliveries are expected to be completed in the first quarter of 2025.
A contract was also received from an existing customer in the Caribbean for FUEL CHEM&#xAE; equipment using our proprietary TIFI&#xAE; Targeted In-Furnace Injection technology. The existing customer is restarting operations on a fourth heavy oil-fired unit at its metals processing facility where our FUEL CHEM program uses boiler fireside additives to help reduce boiler slagging and corrosion. The chemical injection equipment is expected to be delivered in the second quarter of 2024.
The final contract was received from an existing US customer for upgrades to an existing Selective Non-Catalytic Reduction (SNCR) system for a coal-fired utility unit in the Midwest. Fuel Tech's SNCR technology is a proven solution for utility and industrial combustion unit owners looking to comply with more stringent NOx control requirements. The SNCR upgrades are being driven by EPA's Good Neighbor Rule, which requires combustion units with existing NOx reduction equipment to operate at improved efficiency throughout the summer ozone season. Deliveries are expected to be completed by the end of the second quarter of 2024.

Fuel Tech Awarded $2.1M Air Pollution Control Orders

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<h3>Companies Reporting After The Bell</h3>
&bull; Hesai Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) is likely to report quarterly loss at $0.11 per share on revenue of $81.11 million.
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&bull; Casey&#39;s General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) is estimated to report quarterly earnings at $2.13 per share on revenue of $3.54 billion.
&bull; Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) is estimated to report quarterly earnings at $1.38 per share on revenue of $13.31 billion.
&bull; Cango (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CANG#NYSE">CANG</a>) is estimated to report earnings for its fourth quarter.
&bull; Beachbody Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BODI#NYSE">BODI</a>) is estimated to report quarterly loss at $3.12 per share on revenue of $108.75 million.
&bull; Ranpak Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACK#NYSE">PACK</a>) is expected to report quarterly loss at $0.04 per share on revenue of $87.04 million.
&bull; Alto Ingredients (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTO#NASDAQ">ALTO</a>) is expected to report quarterly loss at $0.08 per share on revenue of $292.76 million.
&bull; CytomX Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTMX#NASDAQ">CTMX</a>) is expected to report quarterly loss at $0.03 per share on revenue of $21.04 million.
&bull; Yalla Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YALA#NYSE">YALA</a>) is expected to report earnings for its fourth quarter.
&bull; Assertio Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASRT#NASDAQ">ASRT</a>) is projected to report quarterly loss at $0.02 per share on revenue of $33.81 million.
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&bull; Bowman Consulting Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWMN#NASDAQ">BWMN</a>) is likely to report quarterly loss at $0.07 per share on revenue of $90.66 million.
&bull; LifeMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFMD#NASDAQ">LFMD</a>) is projected to report quarterly loss at $0.14 per share on revenue of $40.49 million.
&bull; Invesco KBW NASDAQ Fintech UCITS ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>) is estimated to report quarterly loss at $0.03 per share on revenue of $6.90 million.
&bull; NN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNBR#NASDAQ">NNBR</a>) is expected to report quarterly loss at $0.08 per share on revenue of $113.15 million.
&bull; Alpha Teknova (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKNO#NASDAQ">TKNO</a>) is expected to report quarterly loss at $0.24 per share on revenue of $8.32 million.
&bull; Monroe Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRCC#NASDAQ">MRCC</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $16.56 million.
&bull; Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) is estimated to report quarterly earnings at $5.98 per share on revenue of $1.15 billion.
&bull; NET Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPWR#NYSE">NPWR</a>) is projected to report quarterly loss at $0.05 per share on revenue of $1.50 million.
&bull; Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) is expected to report quarterly earnings at $0.46 per share on revenue of $185.11 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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The Beachbody Company, Inc. Class A Common Stock

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Earnings Scheduled For March 11, 2024

Fuel Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>) is set to give its latest quarterly earnings report on Monday, 2024-03-11. Here's what investors need to know before the announcement.
Analysts estimate that Fuel Tech will report an earnings per share (EPS) of $-0.03. 
Fuel Tech bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 7.0% increase in the share price the next day.
Here's a look at Fuel Tech's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0</td>
<td>-0.02</td>
<td>-0.02</td>
<td>-0.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.01</td>
<td>-0.03</td>
<td>-0.01</td>
<td>-0.01</td>
</tr>
<tr>
<td>Price Change %</td>
<td>7.000000000000001%</td>
<td>-4.0%</td>
<td>0.0%</td>
<td>-4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709910079_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Fuel Tech were trading at $1.14 as of March 07. Over the last 52-week period, shares are down 8.73%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/FTEK/earnings">To track all earnings releases for Fuel Tech visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Fuel Tech

Use of DGI&#xAE; Enhanced Shrimp Production with Likely Health Improvements Results to be Presented at Aquaculture America 2024
Fuel Tech, Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>), a technology company providing advanced engineering for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today released a white paper detailing a successful collaborative trial in which the Company's DGI&#xAE; Dissolved Gas Infusion technology was utilized at a domestic shrimp farming facility. The paper, titled <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fbit.ly%2FFuelTechDGITrialWP&amp;esheet=53892575&amp;newsitemid=20240205412841&amp;lan=en-US&amp;anchor=Demonstration+of+the+Fuel+Tech%2C+Inc.+Dissolved+Gas+Infusion+%28DGI%26%23174%3B%29+Technology+for+the+Royal+Caridea+Aquaculture+Raceway&amp;index=1&amp;md5=4e157a73267515c945c70ec39dfca7b1">Demonstration of the Fuel Tech, Inc. Dissolved Gas Infusion (DGI&#xAE;) Technology for the Royal Caridea Aquaculture Raceway</a>, suggests that the use of DGI&#xAE; to reliably dose and maintain dissolved oxygen levels can dramatically increase total production compared with traditional aeration methods.
The Company believes that this report evidences the multiple potential benefits of its DGI&#xAE; technology for aquaculture applications, while validating the inherent flexibility of DGI&#xAE; for a wide range of water and wastewater processes, environmental remediation, and industrial uses.
Shrimp farm technology provider Royal Caridea worked closely with Fuel Tech on a trial to determine the effects of growing Pacific whiteleg shrimp (Litopenaeus Vannamei) in a raceway system using the Company's patented DGI&#xAE; gas infusion system.
Shrimp farming is helping to meet growing consumer demand, and higher densities of the crustaceans are possible in the raceway than what occurs in the wild. The comparative trial took place in back-to-back growth cycles on a raceway with high species stocking and low-salinity water at Royal Caridea's aquaculture farm in Arizona.
In land-based raceways, a continuous stream of water must provide the required level of water quality for the crustaceans to develop, and aeration is necessary to meet the required parameters.
In the first growth cycle, traditional bubble aeration using the venturi principle was used until the oxygen demand of the water could no longer be met. This required that the shrimp be partially harvested to ensure acceptable dissolved oxygen (DO) concentrations were maintained for those remaining.
In the second growth cycle, Fuel Tech's DGI&#xAE; technology was used to provide DO concentrations at 150% of atmospheric saturation. This successfully unlocked the potential for more shrimp to reach maturity within the raceway, along with likely health improvements for the shrimp.
The two, three-month trials are the subject of a new white paper from Fuel Tech, which shows how its DGI&#xAE; process, originally developed for the water and wastewater treatment market, offers multiple benefits in shrimp production. Fuel Tech is pleased to report that excellent survival and growth was achieved during the DGI&#xAE; trial.
A mean weight of 42g was reached per shrimp in about 100 days. The growth curves for individual shrimp showed no significant change from the trial when selective early harvesting was necessary to manage the high biomass loading.
The DGI&#xAE; trial also revealed no evidence of trimethyl amine odor, oxidation, excessively fast metabolism, osmotic shock, or gas bubble disease. This suggests that maintaining DO levels above saturation in low-salinity water, without the presence of bubbles, increases the yield, while minimizing any detrimental effects of high oxygen levels.
In conclusion, the research shows that high post-larval shrimp stocking, combined with reliable DO dosing with DGI&#xAE;, can dramatically increase total production compared with traditional aeration methods.
The results will be presented by John M. Boyle, PhD, Senior Director of Technology Development at Fuel Tech, at Aquaculture America on February 21, 2024 in San Antonio, Texas. Co-author Maurice Kemp, President of Royal Caridea, is planning to attend.
Bill Decker, Vice President of Water and Wastewater Treatment Technologies at Fuel Tech who will also attend Aquaculture America, commented, "We believe that the trials in collaboration with Royal Caridea show huge benefits in deploying DGI&#xAE; for oxygen injection in aquaculture applications. Demand for shrimp is increasing globally and shrimp farming is an important source to help meet the growing demand and reduce overfishing of the marine environment. By deploying DGI&#xAE;, producers now have an opportunity to improve stock health and yields, while achieving more efficient operations."
DGI&#xAE; uses a patented next generation, pressurized saturator for gas transfer of the oxygen solution to a slipstream of water; and an innovative nozzle delivery system to distribute oxygenated water that virtually eliminates gas loss from a targeted body of water.
The DGI&#xAE; technology was tested using validation methodologies published by the American Society of Civil Engineers (ASCE) and its Environmental &amp; Waters Research Institute (EWRI), and the results of the tests have been peer-reviewed and endorsed by industry experts. The <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fbit.ly%2FFuelTechDGIValidationWP&amp;esheet=53892575&amp;newsitemid=20240205412841&amp;lan=en-US&amp;anchor=validation+testing&amp;index=2&amp;md5=cafa811f69b472f44564224c2bd54f3d">validation testing</a> white paper showed that DGI delivers greater than 99% transfer of oxygen when applied to a treated body of water.
The full white paper is available at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.dissolvedgasinfusion.com&amp;esheet=53892575&amp;newsitemid=20240205412841&amp;lan=en-US&amp;anchor=www.dissolvedgasinfusion.com&amp;index=3&amp;md5=bc89377cceb3f533c94346f0d4b6678b">www.dissolvedgasinfusion.com</a>.

Fuel Tech Publishes White Paper On Effects Of Its Dissolved Gas Infusion Technology In An Aquaculture Setting

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