Fuel Tech, Inc. - FTEK STOCK NEWS

Fuel Tech, Inc. (NASDAQ: FTEK) announced the receipt of multiple air pollution control contracts totaling approximately $2.7 million. The orders include two ULTRA systems for natural gas-fired boilers at a medical facility, with deliveries expected in Q2 2023. Additional contracts involve ULTRA systems for a university and a chemical facility, with varying delivery timelines. The company is also preparing for potential SNCR system engineering services in response to upcoming EPA regulations. CEO Vincent J. Arnone highlighted these awards as evidence of Fuel Tech's growing market presence.

Fuel Tech, Inc. (NASDAQ: FTEK) will announce its financial results for Q3 2022 on November 8, 2022, post-market closure. A conference call will follow on November 9, 2022, at 10:00 am ET, to discuss the results. Fuel Tech specializes in advanced engineering solutions for emissions control, combustion optimization, and water treatment. The company has a strong global presence with over 1,200 units utilizing its technologies worldwide, enhancing efficiency and sustainability in utility and industrial applications.

Fuel Tech, Inc. (NASDAQ: FTEK) announced the validation of its DGI™ Dissolved Gas Infusion technology, achieving over 99% oxygen transfer efficiency in clean water applications. The peer-reviewed study, backed by industry experts, confirmed zero oxygen loss to the atmosphere and effective gas transfer mechanisms. DGI technology addresses various environmental challenges, including regulatory compliance and odor reduction, with significant applications in water treatment and industrial sectors. CEO Vincent Arnone emphasized this study as crucial for their product commercialization strategy.

Fuel Tech, Inc. (NASDAQ: FTEK), a leader in advanced engineering solutions for combustion systems and emissions control, announced that President & CEO Vince Arnone will present at the 24th Annual H.C. Wainwright Global Investment Conference virtually from September 12-14, 2022. The presentation will be available starting at 7:00 a.m. Eastern Time on September 12. Interested parties can access the presentation at www.ftek.com. Fuel Tech specializes in nitrogen oxide reduction technologies and water treatment solutions, with products installed in over 1,200 units globally.

Fuel Tech, Inc. (NASDAQ: FTEK) reported a 22% revenue increase in Q2 2022, reaching $6.4 million, primarily driven by its Air Pollution Control (APC) segment. Operating loss narrowed to $(0.5) million, and net loss improved to $(0.4) million, or $(0.01) per share. The company maintained a strong cash position of $33.3 million with no debt. The DGI technology's efficiency was validated by independent experts, enhancing its business development strategy. However, the FUEL CHEM segment experienced a revenue decline due to customer loss and outages.

Fuel Tech, Inc. (NASDAQ: FTEK) will release its financial results for the second quarter ending June 30, 2022 on August 10, 2022, after market close. A conference call to discuss these results is scheduled for August 11, 2022, at 10:00 am ET. Participants can join by calling (877) 423-9820 domestically or (201) 493-6749 internationally. Fuel Tech specializes in advanced engineering solutions for combustion optimization, emissions control, and water treatment, with over 1,200 installations globally.

Fuel Tech, Inc. (NASDAQ: FTEK) has announced the receipt of multiple air pollution control contracts worth approximately $3.6 million from clients in Europe and the United States. The company also commenced operations of its TIFI^® system at a coal-fired unit in the U.S., which is projected to generate $500,000 to $1.0 million in revenue for 2022. Key contracts include Selective Catalytic Reduction (SCR) technology for a natural gas-fired turbine and upgrades for Selective Non-Catalytic Reduction (SNCR) systems, enhancing performance in compliance with stringent NO_x regulations.

Fuel Tech, Inc. (NASDAQ: FTEK) reported a 10% revenue increase in Q1 2022, reaching $5.5 million, marking its second consecutive quarter of growth. Despite an operating loss narrowed to $(1.0) million, the company ended the quarter with $35.2 million in cash and no debt. Consolidated backlog improved to $9.6 million, including $5.3 million in Air Pollution Control awards. The gross margin experienced a decline to 41.4%, and net loss was $(1.0) million, or $(0.03) per share, affected by a lack of prior year's $1.6 million other income from loan forgiveness.

Fuel Tech, Inc. (NASDAQ: FTEK) will release its financial results for Q1 2022 after market close on May 10, 2022. A conference call to discuss these results is scheduled for May 11, 2022, at 10:00 am ET. Fuel Tech specializes in advanced engineering solutions for emissions control and water treatment. The company has over 1,200 installations globally, utilizing proprietary technologies that enhance efficiency and sustain environmental standards. Investors can access the call through their website or by phone, and a replay will be available online.