August 10, 2016 - 8:55 AM EDT
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Fuel Tech Announces New Marketing and Supply Agreements for Boiler Cleaning and Mercury Control Technologies

Fuel Tech, Inc. (NASDAQ:FTEK), a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today announced it has entered into separate marketing and supply agreements with Redox Solutions and PowerPlus Cleaning Systems. These agreements allow the Company to serve as an exclusive reseller of emissions control solutions that address high-demand areas of mercury control along with boiler cleaning and efficiency.

Vincent J. Arnone, President and Chief Executive Officer, commented, “These agreements are consistent with our New Product Development initiatives, part of our overall strategy to evolve Fuel Tech’s business model and operating strategy. These external teaming arrangements expand our portfolio of emissions control solutions, thus allowing us to bring impactful technologies to market while we continue to internally develop new solutions that meet the changing needs of our customers.”

Fuel Tech signed a five-year license agreement with Redox Technology Group, LLC (d/b/a Redox Solutions), an Indiana-based specialty chemical manufacturer that produces chemicals used for mercury remediation in a variety of end markets. Redox Solutions has developed a patented approach for the production and use of a highly amorphous iron sulfide based product to enhance the total mercury removal capabilities of wet flue gas de-sulfurization (FGD) scrubber systems installed on utility and industrial coal fired units. Wet FGD systems can capture mercury emissions once the mercury has been oxidized by the upstream Selective Catalytic Reduction (SCR) catalyst, which is installed primarily to control nitrogen oxide emissions. The SCR catalyst also provides a benefit by oxidizing the mercury which may then be captured in the wet FGD system. However, there have been a number of customers who have experienced mercury re-emission, where the mercury does not stay contained in the wet FGD waste water or solids, but is re-emitted with the flue gas leaving the stack. Redox Solutions has proven experience in reducing mercury emissions with its Redox-Hg product on utility boilers equipped with wet FGD systems and will be presenting the results of its work with American Electric Power Company, Inc. during the Megasymposium conference on August 16, 2016. The conference in Baltimore, Maryland is sponsored by the United States EPA and other key industry organizations, and Fuel Tech will also be attending and exhibiting.

Redox-Hg is currently being evaluated in a utility industry research study as a technique for removing liquor-phase selenium, as selenite, from wet FGD scrubber slurries before it is oxidized to selenate. Redox-Hg and other advanced, downstream selenium removal technologies are being evaluated on cost and performance since customers will be required to meet the upcoming Effluent Limitation Guidelines (ELG) Rule that EPA has issued for the utility industry. Fuel Tech will use its sales channels, business relationships, and knowledge of chemical delivery and distribution to exclusively market the Redox Solutions product to a specified customer base. The market drivers for mercury control are the Mercury and Air Toxic Standards (MATS) Rule for utility units and the Boiler Maximum Achievable Control Technology (MACT) Rule, both of which have specific requirements for mercury emissions.

Fuel Tech also signed a global distribution agreement with PowerPlus Cleaning Systems for its IMPULSE™ Cleaning Technology, which uses a supersonic combustion pulse to create a controlled shock wave that removes slag and deposits. The IMPULSE system enhances boiler operation while minimizing high maintenance expenses associated with traditional cleaning methods, such as sootblowing and water washing. The combination of IMPULSE Cleaning Technology and Fuel Tech’s industry proven TIFI® Targeted In-Furnace Injection™ fireside treatment process creates a compelling tandem cleaning solution that effectively removes slag and ash buildup within the furnace. The IMPULSE Cleaning Technology has been proven effective on utility and industrial units to improve boiler efficiency and reduce downtime costs, and has been effective on areas downstream of the furnace, including the economizer and air preheater. IMPULSE Cleaning Technology has also been utilized on natural gas-fired units where combustion by-products can reduce the efficiency of heat recovery boilers. Other applications may include FGD systems where material buildups inside the reactor vessels may be removed with IMPULSE Cleaning Technology.

The distribution agreement will allow Fuel Tech to resell the IMPULSE Cleaning Technology to a specified customer base in the US on an exclusive basis, and for all customers outside the US operating in the power and industrial markets. The IMPULSE Cleaning Technology has gained international attention and was presented at a conference in India in 2016, which was hosted by NTPC, the state-owned utility in India.

Vincent J. Arnone, President and Chief Executive Officer, commented, “We are excited to announce these partnering arrangements, which will add new technology solutions to Fuel Tech’s lineup of proven emissions control technologies. The IMPULSE Cleaning Technology is a great fit when combined with the know-how and experience we have gained from our TIFI programs, which improve boiler efficiency by removing deposits in the furnace and all heat transfer areas, while reducing operating expenses on a wide range of units. For mercury control, the Redox Solutions technology will allow us to bring customers a cost effective and flexible solution that has been proven on wet FGD systems with a wide range of operating conditions.”

About Fuel Tech

Fuel Tech is a leading technology company engaged in the worldwide development, commercialization and application of state-of-the-art proprietary technologies for air pollution control, process optimization, and advanced engineering services. These technologies enable customers to produce both energy and processed materials in a cost-effective and environmentally sustainable manner.

The Company’s nitrogen oxide (NOx) reduction technologies include advanced combustion modification techniques and post-combustion NOx control approaches, including NOxOUT®, HERT™, and Advanced SNCR systems, ASCR™ Advanced Selective Catalytic Reduction systems, and I-NOx™ Integrated NOx Reduction Systems, which utilize various combinations of these systems, along with the ULTRA™ process for safe ammonia generation. These technologies have established Fuel Tech as a leader in NOx reduction, with installations on over 900 units worldwide.

Fuel Tech’s technologies for particulate control include Electrostatic Precipitator (ESP) products and services including complete turnkey capability for ESP retrofits, with experience on units up to 700 MW. Flue gas conditioning (FGC) systems include treatment using sulfur trioxide (SO3) and ammonia (NH3) based conditioning to improve the performance of ESPs by modifying the properties of fly ash particles. Fuel Tech has installed its particulate control technologies on more than 125 units worldwide.

The Company’s FUEL CHEM® technology revolves around the unique application of chemicals to improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity and improving boiler operations. The Company has experience with this technology, in the form of a customizable FUEL CHEM program, on over 110 units.

Fuel Tech also provides a range of services, including boiler tuning and selective catalytic reduction (SCR) optimization services. In addition, flow corrective devices along with physical and computational modeling services are available to optimize flue gas distribution and mixing in both power plant and industrial applications.

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. These capabilities, coupled with the Company’s innovative technologies and multi-disciplined team approach, enable Fuel Tech to provide practical solutions to some of our customers’ most challenging problems. For more information, visit Fuel Tech’s web site at www.ftek.com.

This press release may contain statements of a forward-looking nature regarding future events. These statements are only predictions and actual events may differ materially. Please refer to documents that Fuel Tech files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materially from those contained in the forward-looking statements.

Fuel Tech, Inc.
Kevin R Dougherty, 630-845-4500
VP, Business Development and Marketing
or
The Equity Group Inc.
Devin Sullivan, 212-836-9608
Senior Vice President


Source: Business Wire (August 10, 2016 - 8:55 AM EDT)

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