Fuel Tech Announces Air Pollution Control Contracts Valued at Approximately $3.3 Million

The amendments add equipment and services to existing projects in the domestic market and Europe.

Rhea-AI Summary

Fuel Tech (FTEK) secured multiple air pollution control contract amendments valued at approximately $3.3 million for utility and industrial customers. The orders increased its current backlog to approximately $20 million.

A domestic order expands an existing project involving two new natural gas-fired turbines, adding process and interconnection equipment for selective catalytic reduction systems that reduce nitrogen oxide emissions. Three European orders add services and equipment to separate projects using the same technology. Fuel Tech said it is pursuing additional air pollution control contracts likely to be awarded in the next 60-90 days, alongside potential projects supporting data center power infrastructure.

4 points · 0 major

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Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointContract amendments worth approximately $3.3 million expand work for utility and industrial customers. 7.7% of market cap
• Minor pointCurrent backlog increased to approximately $20 million following the orders.
• Minor point. Forward-looking: it has not happened yet and may not happen.Fuel Tech is pursuing additional contracts it considers likely to be awarded in the next 60-90 days.
• Minor point. Forward-looking: it has not happened yet and may not happen.Fuel Tech is pursuing potential data center power infrastructure projects using selective catalytic reduction systems.

Negative

• None.

Key Figures

Contract amendments: $3.3 million Current backlog: $20 million

Contract amendments

$3.3 million

APC awards for utility and industrial customers

Current backlog

$20 million

Backlog reported after the contract awards

Historical Context

1 past event · Latest: Sep 11

1 event

1. Sep 11

   APC contract awards

   24h Move

   +6.1%

   Announced $2.8 million APC awards, including SCR systems, alongside $20 million effective backlog.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

selective catalytic reduction, nitrogen oxide, volatile organic compounds

3 terms

selective catalytic reduction technical

"Selective Catalytic Reduction (SCR) systems"

Selective catalytic reduction is an emissions control system fitted to diesel engines that injects a harmless liquid reagent and passes exhaust through a catalyst to convert nitrogen oxides into nitrogen and water. Think of it as a chemical “cleaning step” added to an engine’s exhaust pipe. Investors care because regulations and enforcement drive demand for these systems and their consumables, affect manufacturing costs, create aftermarket service needs, and can influence fines or compliance expenditures for vehicle makers and fleet operators.

nitrogen oxide technical

"high levels of nitrogen oxide (NOx) reduction"

Gases made of nitrogen and oxygen, most commonly nitric oxide (NO) and nitrogen dioxide (NO2), produced by combustion, industrial processes, and some chemical reactions; think of them like components of exhaust that form in high-heat conditions. They matter to investors because they are regulated air pollutants with health and environmental impacts, and emissions levels can drive compliance costs, permitting requirements, liability risk, and changes in operating or capital expenses for affected companies.

volatile organic compounds technical

"carbon monoxide (CO) and volatile organic compounds (VOC)"

Volatile organic compounds (VOCs) are carbon-based chemicals that easily evaporate into the air at room temperature, like the strong-smelling fumes from paint or gasoline. Investors should care because VOCs can trigger health and environmental regulations, cleanup obligations, fines, and restrictions that raise costs, limit operations or reduce property values; think of them as invisible liabilities that can affect a company’s finances and reputation.

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WARRENVILLE, Ill., Oct. 26, 2026 (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 award of multiple Air Pollution Control (APC) contract amendments valued at approximately $3.3 million for utility and industrial customers.

An order was received from a domestic customer for a project involving two new natural gas-fired turbines for an industrial site involved with natural gas infrastructure. The original scope was to supply Selective Catalytic Reduction (SCR) systems with UDI Urea Direct Injection reagent delivery systems utilizing a multi-function catalyst to provide high levels of nitrogen oxide (NO_x) reduction, as well as reducing carbon monoxide (CO) and volatile organic compounds (VOC) to meet the site requirements. The UDI system eliminates the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. The expanded scope includes additional process and interconnection equipment to support the original SCR scope.

In Europe, three orders were received on separate SCR projects to provide additional services and equipment.

“We are pleased to announce these orders which increase our current backlog to approximately $20 million,” said Ramesh Nuggihalli, President and CEO. “We are actively pursuing additional APC contracts that are likely to be awarded in the next 60-90 days. We continue to see growth in our traditional power and industrial markets while pursuing new opportunities, including potential SCR projects supporting data center power infrastructure.”

About Fuel Tech

Fuel Tech develops and commercializes state-of-the-art proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services. These technologies enable customers to operate in a cost-effective and environmentally sustainable manner. Fuel Tech is a leader in nitrogen oxide (NOx) reduction and particulate control technologies, and its solutions have been installed on over 2,100 utility, industrial and municipal units worldwide. The Company’s chemical technologies improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion and opacity. This includes Fuel Tech’s advanced TIFI^® Targeted In-Furnace Injection™ technology which offers an innovative solution to fireside treatment on boilers using coal, oil or biomass. Water treatment technologies include DGI^® Dissolved Gas Infusion Systems which utilize a patented saturator and a patent-pending channel injector to deliver supersaturated oxygen solutions and other gas-water combinations to target process applications or environmental issues. This infusion process has a variety of applications in the water and wastewater industries, including remediation, aeration, biological treatment and wastewater odor management. 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. For more information, visit Fuel Tech’s web site at ftek.com.

NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” as defined in Section 21E of the Securities Exchange Act of 1934, as amended, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and reflect Fuel Tech’s current expectations regarding future growth, results of operations, cash flows, performance and business prospects, and opportunities, as well as assumptions made by, and information currently available to, our management. Fuel Tech has tried to identify forward-looking statements by using words such as “anticipate,” “believe,” “plan,” “expect,” “estimate,” “intend,” “will,” and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. These statements are based on information currently available to Fuel Tech and are subject to various risks, uncertainties, and other factors, including, but not limited to, those discussed in Fuel Tech’s Annual Report on Form 10-K in Item 1A under the caption “Risk Factors,” and subsequent filings under the Securities Exchange Act of 1934, as amended, which could cause Fuel Tech’s actual growth, results of operations, financial condition, cash flows, performance and business prospects and opportunities to differ materially from those expressed in, or implied by, these statements. Fuel Tech undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances or for any other reason. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those detailed in Fuel Tech’s filings with the Securities and Exchange Commission.

CONTACT:

Devin Sullivan
Managing Director 
The Equity Group Inc.
devin.sullivan@theequitygroup.com

Conor Rodriguez
Associate
Conor.Rodriguez@theequitygroup.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much are Fuel Tech's new air pollution control contract amendments worth?

The contract amendments total approximately $3.3 million and increased Fuel Tech's current backlog to approximately $20 million. They cover expanded equipment and services for utility and industrial customers.

When does Fuel Tech expect additional air pollution control contracts to be awarded?

Fuel Tech said it is pursuing additional air pollution control contracts likely to be awarded in the next 60-90 days. These are prospective awards, separate from the contract amendments already received.