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, Inc. (NASDAQ: FTEK) has appointed William Decker as Vice President of Water and Wastewater Treatment Technologies, effective March 15, 2023. Decker, with over 30 years of experience in engineering and operations in the water treatment sector, will oversee the growth and development of Fuel Tech’s Dissolved Gas Infusion (DGITM) technology. He has previously held leadership roles at Aqua-Aerobic Systems and Aquionics. Decker's appointment comes as Fuel Tech aims to enhance its innovative water treatment solutions, addressing global concerns on water pollution and sustainability.
Fuel Tech, Inc. (NASDAQ: FTEK) announced multiple air pollution control contracts valued at approximately $5.2 million, awarded by customers in the US, Europe, and the Pacific Rim. Key projects include contracts for NOxOUT® Selective Non-Catalytic Reduction (SNCR) systems and ULTRA® systems for natural gas-fired turbines. Deliveries are expected in the second and third quarters of 2023. The contracts are driven by stricter NOx control regulations from the EPA, signaling growth for Fuel Tech's technologies in compliance solutions. The company’s expertise positions it well for emerging opportunities stemming from upcoming regulatory changes.
Fuel Tech, Inc. (NASDAQ: FTEK) announced it will release its financial results for Q4 and full year ended December 31, 2022 on March 7, 2023, after market close. A conference call will follow on March 8, 2023, at 10:00 am ET to discuss the results and business activities. Interested parties can participate by calling (877) 423-9820 (Domestic) or (201) 493-6749 (International). The call will also be streamed on the Company’s website. Fuel Tech specializes in advanced technologies for air pollution control and water treatment with over 1,200 installations worldwide.
Fuel Tech, Inc. (NASDAQ: FTEK) reported Q3 2022 financial results showing a 6.1% revenue increase to $8.0 million, compared to Q3 2021. The Air Pollution Control (APC) segment led this growth with revenues of $2.7 million. However, FUEL CHEM revenues declined slightly. Gross margin fell to 45.8%, impacting operating income, which decreased to $0.2 million. Net income was $0.3 million ($0.01 per share). The company expects full year 2022 APC revenues between $11-12 million and FUEL CHEM revenues between $14-15 million.
Fuel Tech, Inc. (NASDAQ: FTEK) announced the receipt of multiple air pollution control contracts totaling approximately $2.7 million. The orders include two ULTRA systems for natural gas-fired boilers at a medical facility, with deliveries expected in Q2 2023. Additional contracts involve ULTRA systems for a university and a chemical facility, with varying delivery timelines. The company is also preparing for potential SNCR system engineering services in response to upcoming EPA regulations. CEO Vincent J. Arnone highlighted these awards as evidence of Fuel Tech's growing market presence.
Fuel Tech, Inc. (NASDAQ: FTEK) will announce its financial results for Q3 2022 on November 8, 2022, post-market closure. A conference call will follow on November 9, 2022, at 10:00 am ET, to discuss the results. Fuel Tech specializes in advanced engineering solutions for emissions control, combustion optimization, and water treatment. The company has a strong global presence with over 1,200 units utilizing its technologies worldwide, enhancing efficiency and sustainability in utility and industrial applications.
Fuel Tech, Inc. (NASDAQ: FTEK) announced the validation of its DGI™ Dissolved Gas Infusion technology, achieving over 99% oxygen transfer efficiency in clean water applications. The peer-reviewed study, backed by industry experts, confirmed zero oxygen loss to the atmosphere and effective gas transfer mechanisms. DGI technology addresses various environmental challenges, including regulatory compliance and odor reduction, with significant applications in water treatment and industrial sectors. CEO Vincent Arnone emphasized this study as crucial for their product commercialization strategy.
Fuel Tech, Inc. (NASDAQ: FTEK), a leader in advanced engineering solutions for combustion systems and emissions control, announced that President & CEO Vince Arnone will present at the 24th Annual H.C. Wainwright Global Investment Conference virtually from September 12-14, 2022. The presentation will be available starting at 7:00 a.m. Eastern Time on September 12. Interested parties can access the presentation at www.ftek.com. Fuel Tech specializes in nitrogen oxide reduction technologies and water treatment solutions, with products installed in over 1,200 units globally.
Fuel Tech, Inc. (NASDAQ: FTEK) reported a 22% revenue increase in Q2 2022, reaching $6.4 million, primarily driven by its Air Pollution Control (APC) segment. Operating loss narrowed to $(0.5) million, and net loss improved to $(0.4) million, or $(0.01) per share. The company maintained a strong cash position of $33.3 million with no debt. The DGI technology's efficiency was validated by independent experts, enhancing its business development strategy. However, the FUEL CHEM segment experienced a revenue decline due to customer loss and outages.
Fuel Tech, Inc. (NASDAQ: FTEK) will release its financial results for the second quarter ending June 30, 2022 on August 10, 2022, after market close. A conference call to discuss these results is scheduled for August 11, 2022, at 10:00 am ET. Participants can join by calling (877) 423-9820 domestically or (201) 493-6749 internationally. Fuel Tech specializes in advanced engineering solutions for combustion optimization, emissions control, and water treatment, with over 1,200 installations globally.