Fuel Tech, Inc. provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources by low and ultra-low NOx burners; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; advanced selective catalytic reduction systems comprising ULNB, OFA, and SNCR components, as well as downsized SCR catalyst, ammonia injection grid, and graduated straightening grid systems; NOxOUT CASCADE and NOxOUT-SCR processes; ULTRA technology; and flue gas conditioning systems. The FUEL CHEM Technology segment provides programs to improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity, and acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter, sulfur dioxide, and carbon dioxide through the addition of chemicals into the furnace using TIFI targeted in-furnace injection technology. This segment offers its FUEL CHEM program for plants operating in the electric utility, industrial, pulp and paper, waste-to-energy, and university, and district heating markets; and the owners of boilers, furnaces, and other combustion units. The company was incorporated in 1987 and is headquartered in Warrenville, Illinois.
IPO Year:
Exchange: NASDAQ
Website: ftek.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2021 | $4.00 | Neutral → Buy | HC Wainwright & Co. |
WARRENVILLE, Ill., May 13, 2025 (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 Chairman and Chief Executive Officer Vince Arnone is scheduled to present and host one-on-one meetings with investors at the Sidoti Micro-Cap Virtual Investor Conference, taking place on May 21-22, 2025. Presentation Date & Time: May 22, 2025 at 3:15pm Eastern Time. Live Webcast: Accessible on the Events section of Fuel Tech's website at www.ftek.com and via the link here. To request a one-on-one meeting, please visit w
Select First Quarter 2025 Highlights Revenue rose 29% to $6.4 millionGross margin expanded to 46.4%Operating loss narrowed to $1.0 millionBacklog rose 66% to $10.3 millionCash, cash equivalents and investments of $31.2 million, no long-term debt WARRENVILLE, Ill., May 12, 2025 (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 reported financial results for the first quarter ended March 31, 2025 ("Q1 2025"). "We are very pleased with our first quarter performance, reinforcing our belief that 2025 will be a year of g
WARRENVILLE, Ill., April 29, 2025 (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 it will issue its financial results for the first quarter ended March 31, 2025 on Monday, May 12, 2025 after the close of the stock market. Management will host a conference call on Tuesday, May 13, 2025 at 10:00 am ET / 9:00 am CT to discuss the results and business activities. Interested parties may participate in the call by dialing: (877) 423-9820 (Domestic) or(201) 493-6749 (International) The conference call wil
WARRENVILLE, Ill., March 27, 2025 (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 the receipt of air pollution control (APC) orders from new and existing customers in the US and Europe. These orders have an aggregate value of approximately $1.4 million. A contract was received from a new customer in the US for an ULTRA® system to be installed on a natural gas turbine with a heat recovery steam generator and Selective Catalytic Reduction (SCR) system at a medical facility in the Midwest. Fuel Tech's UL
WARRENVILLE, Ill., March 24, 2025 (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 the receipt of air pollution control (APC) orders from existing customers in the US and Japan. These orders have an aggregate value of approximately $2.6 million. An order from Japan was received for an ULTRA® system that will be installed on a natural gas-fired Combined Cycle utility plant in the Pacific Rim being retrofitted with Selective Catalytic Reduction (SCR) technology. Fuel Tech's ULTRA process provides for t
WARRENVILLE, Ill., March 04, 2025 (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 reported financial results for the fourth quarter (Q4) and full year ended December 31, 2024. "Revenues for full year 2024 came in at the lower end of our guidance range of $25 million to $26 million, due primarily to the impact of delayed project execution and to the timing of Air Pollution Control (APC) awards offset by a stronger performance at our FUEL CHEM® business segment," said Vincent J. Arnone, President and CEO. "We continu
WARRENVILLE, Ill., Feb. 24, 2025 (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 it will issue its financial results for the fourth quarter and full year ended December 31, 2024 on Tuesday, March 4, 2025 after the close of the stock market. Management will host a conference call on Wednesday, March 5, 2025 at 10:00 am ET / 9:00 am CT to discuss the results and business activities. Interested parties may participate in the call by dialing: (877) 423-9820 (Domestic) or(201) 493-6749 (International) T
WARRENVILLE, Ill., Feb. 18, 2025 (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 the receipt of air pollution control (APC) orders from new and existing customers in the US. These orders have an aggregate value of approximately $1.6 million. A contract was received from an existing customer in the US for an ULTRA® system to be installed on a natural gas turbine with a heat recovery steam generator at a university in the Midwest. Fuel Tech's ULTRA process provides for the safe and cost-effective on-site
WARRENVILLE, Ill., Jan. 28, 2025 (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 it will exhibit its DGI® Dissolved Gas Infusion technology at Aquaculture 2025 being held in New Orleans March 6-10, 2025. Fuel Tech representatives will be at Booth 334. Held every three years and known as the Triennial, the event is the largest aquaculture conference and tradeshow in the world with nearly 4,000 attendees from over 90 countries. This year's conference combines the annual meetings of, among others, the N
WARRENVILLE, Ill., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the third quarter ended September 30, 2024 (Q3 2024). "Our third quarter results included a return to profitable operations, fostering new customer relationships, and a focus on balancing expense discipline with targeted investments in new technologies," said Vincent J. Arnone, President and CEO. "Our financial position at September 30, 2024 was strong, with $31.3 million in cash and investments an
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HC Wainwright & Co. upgraded Fuel Tech from Neutral to Buy and set a new price target of $4.00
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Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, announced today the appointment of William (Bill) Decker as Vice President Water and Wastewater Treatment Technologies, effective March 15, 2023. In this newly created position, Decker will lead the growth and development of Fuel Tech's Dissolved Gas Infusion (DGITM) technology, including business development, sales and marketing, and new product development and commercialization. Decker brings to Fuel Tech more than 30 years of engineering, operational, and financial experienc
Select First Quarter 2025 Highlights Revenue rose 29% to $6.4 millionGross margin expanded to 46.4%Operating loss narrowed to $1.0 millionBacklog rose 66% to $10.3 millionCash, cash equivalents and investments of $31.2 million, no long-term debt WARRENVILLE, Ill., May 12, 2025 (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 reported financial results for the first quarter ended March 31, 2025 ("Q1 2025"). "We are very pleased with our first quarter performance, reinforcing our belief that 2025 will be a year of g
WARRENVILLE, Ill., April 29, 2025 (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 it will issue its financial results for the first quarter ended March 31, 2025 on Monday, May 12, 2025 after the close of the stock market. Management will host a conference call on Tuesday, May 13, 2025 at 10:00 am ET / 9:00 am CT to discuss the results and business activities. Interested parties may participate in the call by dialing: (877) 423-9820 (Domestic) or(201) 493-6749 (International) The conference call wil
WARRENVILLE, Ill., March 04, 2025 (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 reported financial results for the fourth quarter (Q4) and full year ended December 31, 2024. "Revenues for full year 2024 came in at the lower end of our guidance range of $25 million to $26 million, due primarily to the impact of delayed project execution and to the timing of Air Pollution Control (APC) awards offset by a stronger performance at our FUEL CHEM® business segment," said Vincent J. Arnone, President and CEO. "We continu
WARRENVILLE, Ill., Feb. 24, 2025 (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 it will issue its financial results for the fourth quarter and full year ended December 31, 2024 on Tuesday, March 4, 2025 after the close of the stock market. Management will host a conference call on Wednesday, March 5, 2025 at 10:00 am ET / 9:00 am CT to discuss the results and business activities. Interested parties may participate in the call by dialing: (877) 423-9820 (Domestic) or(201) 493-6749 (International) T
WARRENVILLE, Ill., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the third quarter ended September 30, 2024 (Q3 2024). "Our third quarter results included a return to profitable operations, fostering new customer relationships, and a focus on balancing expense discipline with targeted investments in new technologies," said Vincent J. Arnone, President and CEO. "Our financial position at September 30, 2024 was strong, with $31.3 million in cash and investments an
WARRENVILLE, Ill., Oct. 28, 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 it will issue its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, 2024 after the close of the stock market. Management will host a conference call on Thursday, November 7, 2024 at 10:00 am ET / 9:00 am CT to discuss the results and business activities. Interested parties may participate in the call by dialing: (877) 423-9820 (Domestic) or(201) 493-6749 (International) The conf
WARRENVILLE, Ill., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the second quarter ended June 30, 2024 (Q2 2024). "As expected, our performance in the second quarter was much improved," said Vincent J. Arnone, President and CEO. "Consolidated revenues rose by 29% compared to last year's second quarter, driven by a 52% revenue increase in FUEL CHEM® and a 15% rise in APC revenues. We maintained a lean expense profile, continued to invest in new technologies,
WARRENVILLE, Ill., July 25, 2024 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced that it will issue its financial results for the second quarter ended June 30, 2024 on Tuesday, August 6, 2024 after the close of the stock market. Management will host a conference call on Wednesday, August 7, 2024 at 10:00 am ET / 9:00 am CT to discuss the results and business activities. Interested parties may participate in the call by dialing: (877) 423-9820 (Domestic) or(201) 493-6749 (International) The confere
Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the first quarter (Q1 2024) ended March 31, 2024. "Our revenues for the first quarter were impacted by customer-driven delays in executing new contracts at our APC business segment, while performance at FUEL CHEM® reflected warmer weather across the US that affected unit dispatch," said Vincent J. Arnone, President and CEO. "We continue to expect that APC revenue will increase modestly in 2024 when compared to 2023 and that the bulk of our new award
Fuel Tech, Inc. (NASDAQ:FTEK), a technology company providing advanced engineering for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced that it will issue its financial results for the first quarter ended March 31, 2024 on Tuesday, May 7, 2024 after the close of the stock market. Management will host a conference call on Wednesday, May 8, 2024 at 10:00 am ET / 9:00 am CT to discuss the results and business activities. Interested parties may participate in the call by dialing: (877) 423-9820 (Domestic) or (201) 493-6749 (International) The conference call will also be accessible via the Upcoming E
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