Fuel Tech gets $16.2M in U.S. orders

Batavia, Ill.-based Fuel Tech (Nasdaq: FTEK) said yesterday it received $16.2 million in orders for its air pollution control systems from two companies in the U.S.

Fuel Tech said one company, which it only identified as an electric utility customer in the Southwestern U.S., made a $14.5 million order for five of its NOxOUT systems.

Fuel Tech said the systems would be installed at two power stations firing a blend of lignite and Powder River Basin coals.

Component deliveries are expected to start during the second quarter of 2008, with project completion scheduled for the third quarter, according to Fuel Tech.

"Following the recent completion of mapping and modeling activities on these five units, we are truly elated to be playing such a pivotal role in the comprehensive nitrogen oxide reduction strategy of this Southwestern customer," said John Norris Jr., president and CEO of Fuel Tech.

The company said it also received an order from a Southeastern utility alliance partner for installation of a NOxOUT system on a coal-fired boiler.

"When coupled with the order from our Southeastern utility alliance partner and our $3.7 million announcement earlier this month, we have now recorded nearly $20 million in new business since the end of the second quarter and continue to maintain a high level of quotation activity, which should convert to significant orders in the not too distant future," said Norris.

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