Fuel Tech Announces Demonstration Agreement for DGI® Dissolved Gas Infusion Technology
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) ha ottenuto un accordo per una dimostrazione della sua tecnologia DGI® Dissolved Gas Infusion in un allevamento di pesci nel West degli Stati Uniti. Il progetto ha lo scopo di valutare la capacità del DGI di mantenere livelli precisi di ossigeno disciolto negli ambienti di crescita dei pesci, un aspetto fondamentale per la salute, i tassi di crescita e la sopravvivenza dei pesci da gioco. La dimostrazione, prevista per iniziare con le consegne delle attrezzature nel primo trimestre del 2025, coprirà un intero ciclo di crescita di 4-6 mesi, portando alla pubblicazione di uno studio di caso. Questo rappresenta la seconda dimostrazione del DGI dell'azienda nell'acquacoltura, mentre continuano a esplorare applicazioni nei settori del trattamento delle acque.
Fuel Tech (NASDAQ: FTEK) ha asegurado un acuerdo de demostración para su tecnología DGI® Dissolved Gas Infusion en un criadero de peces en el oeste de los Estados Unidos. El proyecto tiene como objetivo evaluar la capacidad de DGI para mantener niveles precisos de oxígeno disuelto en los entornos de cría de peces, lo cual es importante para la salud, las tasas de crecimiento y la supervivencia de las especies deportivas. La demostración, programada para comenzar con la entrega de equipos en el primer trimestre de 2025, abarcará un ciclo completo de crecimiento de 4-6 meses, resultando en un estudio de caso publicado. Este es el segundo proyecto de demostración de DGI de la empresa en acuicultura, mientras continúan explorando aplicaciones en los sectores de tratamiento de agua.
퓨얼 테크(Fuel Tech, NASDAQ: FTEK)는 미국 서부의 어류 부화장에서 DGI® 용해가스 주입 기술에 대한 시연 계약을 체결했습니다. 이 프로젝트의 목적은 DGI가 어류 성장 환경에서 정확한 용존 산소 수준을 유지하는 능력을 평가하는 것입니다. 이는 스포츠 낚시용 어류의 건강, 성장률 및 생존에 중요합니다. 시연은 2025년 1분기에 장비 배송으로 시작될 예정이며, 전체 성장 주기는 4-6개월 동안 진행되어 사례 연구가 발표될 것입니다. 이는 회사의 두 번째 DGI 시연으로, 수처리 분야에서의 응용 가능성도 계속 탐색하고 있습니다.
Fuel Tech (NASDAQ: FTEK) a obtenu un accord de démonstration pour sa technologie DGI® Dissolved Gas Infusion dans une pisciculture de l'Ouest des États-Unis. Le projet vise à évaluer la capacité de DGI à maintenir des niveaux précis d'oxygène dissous dans les environnements de croissance des poissons, ce qui est essentiel pour la santé, les taux de croissance et la survie des poissons de sport. La démonstration, prévue pour commencer avec la livraison de l'équipement au cours du premier trimestre 2025, s'étendra sur un cycle complet de croissance de 4 à 6 mois, ce qui aboutira à l'élaboration d'une étude de cas publiée. Cela marque la deuxième démonstration DGI de l'entreprise en aquaculture, alors qu'elle continue d'explorer les applications dans les secteurs de traitement de l'eau.
Fuel Tech (NASDAQ: FTEK) hat einen Demonstrationsvertrag für seine DGI® Dissolved Gas Infusion Technologie in einer Fischzuchtanlage im Westen der USA gesichert. Das Projekt zielt darauf ab, die Fähigkeit von DGI zu bewerten, präzise Werte für gelöstes Sauerstoff in Fischzuchtumgebungen aufrechtzuerhalten, was wichtig für die Gesundheit, das Wachstum und das Überleben von Sportfischen ist. Die Demonstration, die im ersten Quartal 2025 mit der Lieferung von Geräten beginnen soll, wird einen kompletten Wachstumszyklus von 4-6 Monaten umfassen, was zu einer veröffentlichten Fallstudie führen wird. Dies ist die zweite DGI-Demonstration des Unternehmens in der Aquakultur, während es weiterhin Anwendungen in den Bereichen Wasseraufbereitung erkundet.
- Second demonstration agreement secured for DGI technology in aquaculture sector
- Potential market expansion into aquaculture industry
- Data collection opportunity for case study publication
- Extended timeline for demonstration results (4-6 months)
- No immediate revenue impact from demonstration project
Insights
This demonstration agreement for FTEK's DGI technology in aquaculture represents a strategic market expansion opportunity, though with immediate financial impact. The fish hatchery trial will test DGI's ability to maintain precise dissolved oxygen levels, important for fish health and growth rates. If successful, this 4-6 month demonstration could help FTEK penetrate the growing
The technology's potential benefits include improved fish survival rates, higher stocking density and better food conversion ratios - all key metrics for commercial aquaculture profitability. However, investors should note this is only a demonstration project with no guaranteed revenue stream. The real value lies in building a documented track record for future commercial sales. Success here could open doors to the broader water treatment market, estimated at
WARRENVILLE, Ill., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ: FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced that its DGI® Dissolved Gas Infusion technology has been selected for an extended demonstration at a fish hatchery in the Western US. The project will involve defined test protocols to evaluate the benefits of the Company’s DGI technology to supply consistent and precise levels of dissolved oxygen (DO) in the raising of gamefish in a controlled environment.
Providing consistent levels of DO in the grow basins for fish hatcheries and other aquaculture applications is critical to growth rates, overall animal health, survival rates, and potentially stocking density and food conversion ratios. The goals of this demonstration will be to evaluate DGI and to collect sufficient data to publish a case study for a complete grow cycle, estimated at four to six months. Equipment deliveries are expected in the first quarter of 2025.
Vincent J. Arnone, President and Chief Executive Officer, commented, “We are excited to announce this new DGI technology demonstration, our second at an aquaculture facility. We look forward to gathering additional evidence in support of DGI’s capability to positively impact the aquaculture market, while we continue to pursue DGI opportunities in a wide range of water treatment applications.”
About Fuel Tech
Fuel Tech develops and commercializes state-of-the-art proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services. These technologies enable customers to operate in a cost-effective and environmentally sustainable manner. Fuel Tech is a leader in nitrogen oxide (NOx) reduction and particulate control technologies and its solutions have been installed on over 1,300 utility, industrial and municipal units worldwide. The Company’s FUEL CHEM® technology improves the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion and opacity. Water treatment technologies include DGI® Dissolved Gas Infusion Systems which utilize a patented saturator and a patent-pending channel injector to deliver supersaturated oxygen solutions and other gas-water combinations to target process applications or environmental issues. This infusion process has a variety of applications in the water and wastewater industries, including remediation, aeration, biological treatment and wastewater odor management. 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. For more information, visit Fuel Tech’s web site at www.ftek.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” as defined in Section 21E of the Securities Exchange Act of 1934, as amended, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and reflect Fuel Tech’s current expectations regarding future growth, results of operations, cash flows, performance and business prospects, and opportunities, as well as assumptions made by, and information currently available to, our management. Fuel Tech has tried to identify forward-looking statements by using words such as “anticipate,” “believe,” “plan,” “expect,” “estimate,” “intend,” “will,” and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. These statements are based on information currently available to Fuel Tech and are subject to various risks, uncertainties, and other factors, including, but not limited to, those discussed in Fuel Tech’s Annual Report on Form 10-K in Item 1A under the caption “Risk Factors,” and subsequent filings under the Securities Exchange Act of 1934, as amended, which could cause Fuel Tech’s actual growth, results of operations, financial condition, cash flows, performance and business prospects and opportunities to differ materially from those expressed in, or implied by, these statements. Fuel Tech undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances or for any other reason. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those detailed in Fuel Tech’s filings with the Securities and Exchange Commission.
| CONTACT: | Vince Arnone President and Chief Executive Officer (630) 845-4500 | Devin Sullivan Managing Director The Equity Group Inc. dsullivan@equityny.com |
FAQ
What is the purpose of Fuel Tech's DGI technology demonstration at the fish hatchery?
When will Fuel Tech (FTEK) begin equipment delivery for the DGI demonstration project?
How long will Fuel Tech's DGI technology demonstration last?
Is this Fuel Tech's (FTEK) first DGI demonstration in aquaculture?
