Fuel Tech - FTEK STOCK NEWS

Fuel Tech (NASDAQ: FTEK) has secured air pollution control (APC) orders worth $2.6 million from existing customers in the US and Japan. The Japanese order includes an ULTRA® system for a natural gas-fired Combined Cycle utility plant, marking their fourth on-site unit following a 2017 contract. The system will utilize ULTRA-EX™ technology to enhance energy efficiency in the SCR process.

Engineering is scheduled for completion in Q2 2025, with equipment delivery in Q1 2027. Additionally, a domestic order for advanced engineering was received from a Northeast municipal waste unit customer for an Advanced Selective Non-Catalytic Reduction (ASNCR) system, with completion expected in Q2 2025.

These orders represent a portion of the $4-5 million in near-term contract wins expected by early Q2 2025. Fuel Tech's technologies have been installed on over 1,300 utility, industrial and municipal units worldwide.

Fuel Tech (NASDAQ: FTEK) reported its Q4 and full-year 2024 financial results, with annual revenues reaching $25.1 million, down from $27.1 million in 2023. The company ended Q4 2024 with a net loss of $(1.9) million, or $(0.06) per share, compared to a loss of $(539,000) in Q4 2023.

Q4 2024 consolidated revenues declined to $5.3 million from $6.3 million year-over-year, with gross margin falling to 42.3% from 51.1%. The Air Pollution Control (APC) segment backlog stood at $6.2 million, with additional $1.6 million in new contracts awarded in early 2025. The company maintains a strong financial position with $30 million in cash and investments and no long-term debt.

Management expects improved performance in 2025 for the FUEL CHEM segment, driven by normalized chemical program utilization and new commercial programs. The company is also pursuing growth in Dissolved Gas Infusion (DGI) technology, with demonstrations planned at aquaculture facilities.

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.