[March 06, 2017]

Fuel Tech Awarded Air Pollution Control Orders Totaling $3.0 Million

Fuel Tech, Inc. (NASDAQ:FTEK), a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today announced the receipt of multiple air pollution control (APC (News - Alert)) contracts from customers in China. These awards have an aggregate value of approximately $3.0 million.

A contract was received for NO_xOUT^® Selective Non-Catalytic Reduction (SNCR) systems for a coal-fired utility boiler. Fuel Tech's SNCR technology is a proven solution as combustion unit owners look to comply with more stringent NO_x control requirements. An order was also received for a coal-fired boiler where the scope includes a NO_xOUT system plus upgrades to an existing Selective Catalytic Reduction (SCR) system. This combination of technologies is part of our I-NO_x^® Integrated NO_x Reduction System approach to improve NO_x reduction performance of a unit while providing operational flexibility. Equipment deliveries for both orders are scheduled for completion during the third quarter of 2017.

The Company received two additional orders in China for ULTRA™ systems that will be installed on utility and industrial units firing coal and natural gas respectively, which are being retrofitted with NO_x reduction technology. 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 Selective Catalytic Reduction (SCR) is used to reduce NO_x, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Deliveries for these projects will be completed in the second quarter of 2017.

Vincent J. Arnone, President and Chief Executive Officer, commented, "We have announced approximately $15.0 million in new orders thus far in 2017. We are excited about the I- NO_x project that can provide flexibility and performance through a lower capital cost approach. Through our ongoing globl business developments efforts, we are well-positioned to pursue those opportunities that leverage our ability to provide safe, cost-effective environmental and emission control solutions."

About Fuel Tech

Fuel Tech is a leading technology company engaged in the worldwide development, commercialization and application of state-of-the-art proprietary technologies for air pollution control, process optimization, and advanced engineering services. These technologies enable customers to produce both energy and processed materials in a cost-effective and environmentally sustainable manner.

The Company's nitrogen oxide (NO_x) reduction technologies include advanced combustion modification techniques and post-combustion NO_x control approaches, including NO_xOUT^®, HERT™, and Advanced SNCR systems, ASCR™ Advanced Selective Catalytic Reduction systems, and I-NO_x^® Integrated NO_x Reduction Systems, which utilize various combinations of these systems, along with the ULTRA^® process for safe ammonia generation. These technologies have established Fuel Tech as a leader in NO_x reduction, with installations on over 900 units worldwide.

Fuel Tech's technologies for particulate control include Electrostatic Precipitator (ESP) products and services including complete turnkey capability for ESP retrofits, with experience on units up to 700 MW. Flue gas conditioning (FGC) systems include treatment using sulfur trioxide (SO₃) and ammonia (NH₃) based conditioning to improve the performance of ESPs by modifying the properties of fly ash particles. Fuel Tech's particulate control technologies have been installed on more than 125 units worldwide.

The Company's FUEL CHEM^® technology revolves around the unique application of chemicals to improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity and improving boiler operations. The Company has experience with this technology, in the form of a customizable FUEL CHEM program, on over 110 units.

Fuel Tech also provides a range of services, including boiler tuning and selective catalytic reduction (SCR) optimization services. In addition, flow corrective devices and physical and computational modeling services are available to optimize flue gas distribution and mixing in both power plant and industrial applications.

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. These capabilities, coupled with the Company's innovative technologies and multi-disciplined team approach, enable Fuel Tech to provide practical solutions to some of our customers' most challenging problems. For more information, visit Fuel Tech's web site at www.ftek.com.

This press release may contain statements of a forward-looking nature regarding future events. These statements are only predictions and actual events may differ materially. Please refer to documents that Fuel Tech files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materially from those contained in the forward-looking statements.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170306005399/en/

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