Fuel Tech - FTEK STOCK NEWS

Fuel Tech, Inc. (NASDAQ: FTEK) announced its participation in the Water Environment Federation Technical Exhibition and Conference (WEFTEC) in New Orleans from October 7-9, 2024. The company will showcase its DGI® Dissolved Gas Infusion technology at Booth 1062 in the Innovation Pavilion.

DGI® technology transfers dissolved oxygen or carbon dioxide for water and wastewater treatment processes across multiple industries. It offers high transfer efficiency, zoned delivery, and precise control accuracy, resulting in an energy-efficient and cost-effective solution. The technology has already demonstrated positive effects in Aquaculture settings.

Fuel Tech invites conference attendees to learn about DGI®'s applications in various industries, including Municipal and Industrial wastewater, Food and Beverage, Pulp and Paper, Power Generation, Petrochem, and Landfill Leachate.

Fuel Tech (NASDAQ: FTEK), a leader in emissions control and water treatment technologies, announces its participation in the 26th Annual H.C. Wainwright Global Investment Conference. The event is scheduled for September 9-11, 2024, in New York City. Key details include:

- President & CEO Vince Arnone will present on September 10, 2024, at 12:00 pm Eastern Time.
- A live webcast will be available on Fuel Tech's website and archived for 90 days.
- One-on-one investor meetings will be hosted by Mr. Arnone.

Fuel Tech specializes in air pollution control, process optimization, and water treatment technologies. Their solutions have been installed on over 1,300 units worldwide, focusing on nitrogen oxide reduction, particulate control, and water treatment applications.

Fuel Tech (NASDAQ: FTEK) reported improved Q2 2024 financial results, with consolidated revenues rising 29% year-over-year to $7.0 million. This growth was driven by a 52% increase in FUEL CHEM® revenues and a 15% rise in APC revenues. The company's gross margin improved to 41.9% from 36.6% in Q2 2023. Despite higher SG&A expenses, the net loss narrowed to $(0.4) million, or $(0.01) per share, compared to $(1.0) million, or $(0.03) per share, in Q2 2023.

Fuel Tech maintains a strong financial position with $30.1 million in cash and investments and no long-term debt. The company is pursuing new customer demonstrations for its Dissolved Gas Infusion (DGI™) technology and expects to commence a demonstration at a U.S. fish hatchery in Q3 2024. Additionally, Fuel Tech reported $5.0 million in new APC contract bookings and anticipates closing several new APC orders during the remainder of the year.

Fuel Tech (NASDAQ: FTEK) has secured air pollution control (APC) orders worth approximately $5.0 million from customers in Europe and the US. The orders include:

1. The company's first APC award for a renewable energy project in Europe, involving multiple ammonia delivery and injection systems for green hydrogen production.

2. An SCR technology contract for a natural gas fired heater at a chemical processing plant in Europe.

3. An ULTRA® system for a natural gas turbine at a US university.

These orders significantly improve Fuel Tech's APC backlog and showcase its diverse emissions control technologies across industries and regions.

Fuel Tech (NASDAQ: FTEK) has announced it will release its Q2 2024 financial results on August 6, 2024, after market close. The company will host a conference call on August 7, 2024, at 10:00 am ET to discuss the results and business activities. Investors can participate by dialing (877) 423-9820 (Domestic) or (201) 493-6749 (International).

Fuel Tech specializes in air pollution control, process optimization, and water treatment technologies. Their solutions have been installed on over 1,300 units worldwide, focusing on nitrogen oxide reduction and particulate control. The company's FUEL CHEM® technology improves combustion unit efficiency and environmental status, while their DGI® Dissolved Gas Infusion Systems target water and wastewater applications.

Fuel Tech, Inc. (NASDAQ: FTEK) reported Q1 2024 financial results, highlighting revenue declines, expected revenue growth, and positive prospects. Consolidated revenues decreased to $5.0 million, with a rise in gross margin to 40.9%. SG&A expenses increased slightly, while net income improved to $281,000. APC segment backlog was $6.2 million, and FUEL CHEM segment revenue declined. Adjusted EBITDA loss was $(1.5) million. Cash and investments stood at $32.1 million. Stockholders' equity was $44.0 million with no debt.

Fuel Tech, Inc. (NASDAQ: FTEK) will release its 2024 first quarter financial results on May 7, 2024, with a conference call scheduled for May 8, 2024, to discuss the outcomes and business activities.

Fuel Tech, Inc. (FTEK) secures $2.1 million worth of air pollution control and Chemical Technologies orders from customers in Europe, the US, and the Caribbean. The orders include SCR technology for NOx reduction, FUEL CHEM® equipment, and SNCR system upgrades. Equipment deliveries are expected between 2024 and 2025, showcasing the company's global growth and expertise in providing environmental solutions.

Fuel Tech, Inc. (FTEK) reported higher total revenues for 2023 compared to 2022, completed a successful trial of DGITM technology in aquaculture, maintained tight expense control, and ended the year with $33.4 million in cash and investments. The Air Pollution Control (APC) business performed well, with a backlog increase to $7.5 million, while Fuel Chem segment revenues declined due to warmer weather impacting unit dispatch. The company is targeting its first commercial contract for DGI in 2024.