Welcome to our dedicated page for Fuel Tech news (Ticker: FTEK), a resource for investors and traders seeking the latest updates and insights on Fuel Tech stock.
Fuel Tech, Inc. reports developments in emissions control, boiler optimization and water treatment technologies for utility and industrial applications. Company news commonly covers financial results, Air Pollution Control awards, Selective Catalytic Reduction projects, and activity in the FUEL CHEM® segment, which applies chemical programs and modeling to boiler performance issues.
Updates also describe progress in the DGI® Dissolved Gas Infusion division, customer demonstrations, backlog and contract activity, conference presentations, and the balance-sheet context included with quarterly reporting. The recurring themes center on project timing, segment revenue mix, utility and industrial customer demand, and commercialization of Fuel Tech’s engineering-based environmental technologies.
Fuel Tech (NASDAQ: FTEK) has announced it will release its financial results for Q4 and full year 2024 on Tuesday, March 4, 2025, after market close. The company will host a conference call on Wednesday, March 5, 2025, at 10:00 am ET to discuss results and business activities.
Fuel Tech specializes in developing technologies for air pollution control, process optimization, and water treatment. Their solutions include nitrogen oxide reduction and particulate control technologies, installed on over 1,300 units worldwide. The company's FUEL CHEM® technology enhances combustion unit efficiency, while their DGI® Dissolved Gas Infusion Systems provide water treatment solutions. Their services are supported by advanced Computational Fluid Dynamics modeling capabilities.
Fuel Tech (NASDAQ: FTEK), a technology company specializing in emissions control and water treatment, announced the receipt of air pollution control (APC) orders totaling approximately $1.6 million from new and existing US customers. These orders include:
- A contract for an ULTRA® system installation on a natural gas turbine at a Midwest university, expected to be completed in Q2 2026.
- An advanced engineering order for an ASNCR system from a municipal waste unit customer.
- A site services order from a Northeast medical facility to optimize its existing ULTRA system.
- Several orders for parts for recent SCR and ULTRA projects, scheduled for completion in Q1 2025.
CEO Vincent J. Arnone expressed optimism about the company's growth, citing a sales pipeline with potential APC contracts valued between $4 million and $5 million, expected to be awarded by early Q2 2025. Additionally, several municipal waste customers are likely to adopt ASNCR technology to meet lower emission requirements.
Fuel Tech develops proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services, with solutions installed on over 1,300 units worldwide.
Fuel Tech (NASDAQ: FTEK) has announced its participation in Aquaculture 2025, the world's largest aquaculture conference, taking place in New Orleans from March 6-10, 2025. The company will showcase its DGI® Dissolved Gas Infusion technology at Booth 334.
The DGI technology, which transfers dissolved oxygen or carbon dioxide with high efficiency, has demonstrated success in aquaculture applications by maintaining dissolved oxygen levels and potentially increasing production compared to traditional aeration methods. A state government agency has selected DGI for an extended demonstration at a Western U.S. fish hatchery, scheduled to begin in Q1 2025 and last up to 12 months.
The technology's applications extend beyond aquaculture to various sectors including municipal and industrial wastewater, food and beverage, pulp and paper, power generation, petrochemical, and landfill leachate.
Fuel Tech (NASDAQ: FTEK) reported Q3 2024 financial results with revenues of $7.9 million, slightly down from $8.0 million in Q3 2023. The company achieved net income of $80,000 ($0.00 per share), compared to $459,000 ($0.01 per share) in Q3 2023. FUEL CHEM segment revenue increased to $4.6 million, while APC segment revenue declined to $3.2 million. The company maintains a strong financial position with $31.3 million in cash and investments, no debt, and stockholders' equity of $43.9 million. A new commercial TIFI® technology program is expected to generate $1.5-$2.0 million in annual revenue, and the company secured approximately $2 million in new APC orders.
Fuel Tech (NASDAQ: FTEK) has secured air pollution control orders worth $2.0 million across the US, Europe, and Southeast Asia. The orders include an SCR system with UDI™ reagent delivery for an Eastern US industrial plant, SNCR technology demonstrations for biomass-fired units in the US and Europe, and an SCR system for a Southeast Asian gas-fired industrial unit. Equipment deliveries are scheduled between Q4 2024 and Q3 2025. The Eastern US order marks the fifth purchase from this repeat customer over two decades, highlighting continued trust in Fuel Tech's emissions control solutions.
Fuel Tech (NASDAQ: FTEK) has secured a demonstration agreement for its DGI® Dissolved Gas Infusion technology at a Western US fish hatchery. The project aims to evaluate DGI's ability to maintain precise dissolved oxygen levels in fish-growing environments, which is important for gamefish health, growth rates, and survival. The demonstration, scheduled to begin with equipment deliveries in Q1 2025, will span a complete grow cycle of 4-6 months, resulting in a published case study. This marks the company's second DGI demonstration in aquaculture, as they continue exploring applications across water treatment sectors.
Fuel Tech (NASDAQ: FTEK) announced it will release its third quarter 2024 financial results on Wednesday, November 6, 2024, after market close. The company will host a conference call on Thursday, November 7, 2024, at 10:00 am ET to discuss results and business activities. Fuel Tech specializes in air pollution control, process optimization, and water treatment technologies, with their NOx reduction and particulate control technologies installed on over 1,300 units worldwide. Their portfolio includes FUEL CHEM® technology for combustion unit efficiency and DGI® Dissolved Gas Infusion Systems for water treatment applications.
Fuel Tech (NASDAQ: FTEK) has announced a new commercial contract for its TIFI® Targeted In-Furnace Injection™ technology at a large coal-fired boiler in the Midwest United States. This follows a successful demonstration of the technology at the same unit. The contract is expected to generate annual revenue of $1.5 to $2.0 million, with historic FUEL CHEM® gross margins.
During the demonstration, TIFI® improved boiler availability, reliability, and reduced maintenance downtime for off-line cleaning, maximizing power generation. The technology applies specialty chemical programs to units burning various fuels, including coal, heavy oil, biomass, and municipal waste.
Fuel Tech specializes in air pollution control, process optimization, and water treatment technologies. Their solutions have been installed on over 1,300 units worldwide, focusing on nitrogen oxide reduction, particulate control, and improving combustion unit efficiency.
Fuel Tech, Inc. (NASDAQ: FTEK) announced its participation in the Water Environment Federation Technical Exhibition and Conference (WEFTEC) in New Orleans from October 7-9, 2024. The company will showcase its DGI® Dissolved Gas Infusion technology at Booth 1062 in the Innovation Pavilion.
DGI® technology transfers dissolved oxygen or carbon dioxide for water and wastewater treatment processes across multiple industries. It offers high transfer efficiency, zoned delivery, and precise control accuracy, resulting in an energy-efficient and cost-effective solution. The technology has already demonstrated positive effects in Aquaculture settings.
Fuel Tech invites conference attendees to learn about DGI®'s applications in various industries, including Municipal and Industrial wastewater, Food and Beverage, Pulp and Paper, Power Generation, Petrochem, and Landfill Leachate.
Fuel Tech (NASDAQ: FTEK), a leader in emissions control and water treatment technologies, announces its participation in the 26th Annual H.C. Wainwright Global Investment Conference. The event is scheduled for September 9-11, 2024, in New York City. Key details include:
- President & CEO Vince Arnone will present on September 10, 2024, at 12:00 pm Eastern Time.
- A live webcast will be available on Fuel Tech's website and archived for 90 days.
- One-on-one investor meetings will be hosted by Mr. Arnone.
Fuel Tech specializes in air pollution control, process optimization, and water treatment technologies. Their solutions have been installed on over 1,300 units worldwide, focusing on nitrogen oxide reduction, particulate control, and water treatment applications.