Fuel-Tech N.V. Announces Multiple NOxOUT Orders Totaling $2.0 Million.STAMFORD, Conn. -- Phase One FUEL CHEM CHEM Chemistry CHEM Chemical CHEM Chemist CHEM Chemistry Mission CHEM Centre des Hautes Études Militaires (French) CHEM Center for Healthcare Environmental Management CHEM Charge-Energy-Mass (spectrometer) (R) Demonstration in Mexico Successfully Completed Fuel-Tech N.V. (Nasdaq: FTEK), a world leader in advanced engineering solutions for the optimization of combustion systems in utility and industrial applications, today announced four orders for NOxOUT(R) projects totaling $2.0 million. Two of the orders are from a major utility alliance partner and consist of the installation of a NOxOUT(R) Selective Non-Catalytic Reduction Selective Non Catalytic Reduction (SNCR) is a method for reducing nitrogen oxide emissions in conventional power plants that burn biomass, waste and coal. The process involves injecting either ammonia or urea into the firebox of the boiler at a location where the flue gas is (SNCR SNCR Selective Non-Catalytic Reduction SNCR Satellite Network Cost Recovery SNCR Statement of Nonavailability of Computer Resources ) system for a 180 megawatt (MW(e)) coal-fired boiler and a design engineering order for a 300 MW(e) coal-fired boiler. The other orders consist of a NOxOUT license and design engineering order for a 125 MW(e) coal-fired facility in the eastern U.S. and an order for a combined NOxOUT SNCR and Rich Reagent Injection (RRI RRI Radio Romania International RRI Raman Research Institute RRI Resource Renewal Institute RRI Robarts Research Institute RRI Research Reactor Institute RRI Renal Research Institute (USA) RRI Rights and Resources Initiative ) demonstration on a utility unit in the Midwest. In other news, the Company announced the successful completion of phase one of a government-required Targeted In-Furnace Injection (TIFI TIFI The Integrated Facilities Institute ) demonstration on a pilot scale oil-fired boiler in Mexico. The next step, phase two, is a cost-shared 30-day TIFI demonstration on a full-size commercial oil-fired unit, which is expected to occur during the latter part of the second quarter. Assuming this is successful, the next and final step, phase three, would be a six-month TIFI demonstration. Steven C. Argabright, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , commented, "We are pleased with the continuing order flow in our air pollution control business. Two of the orders announced today are from a major utility alliance partner, with whom we expect additional orders in the near future. With respect to Mexico, we are currently working with our distribution partner to schedule the next demonstration phase and look forward to penetrating this significant oil-fired market." About Fuel-Tech N.V. Fuel-Tech N.V. 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 Process optimization is the practice of making changes or adjustments to a process, to get results. Optimization is the use of specific techniques to determine the most cost effective and efficient solution to a problem or design for a process. , and advanced engineering services. The Company's NOx reduction processes, which include the NOxOUT(R), NOxOUT CASCADE(R), NOxOUT ULTRA(R), Rich Reagent Injection (RRI) and NOxOUT SCR (Sequence Control Register) See program counter. (R) technologies, have established Fuel-Tech N.V. as a leader in post combustion NOx control systems, which are installed on over 325 units worldwide. New technologies that have grown out of the core NOx reduction business form the basis of the FUEL CHEM(R) business. FUEL CHEM technology centers around the unique application of chemicals to improve the performance of combustion units by controlling slagging, fouling, corrosion and opacity Refers to being "opaque," which means to prevent light from shining through. For example, in an image editing program, the opacity level for some function might range from completely transparent (0) to completely opaque (100). . The Company's FUEL CHEM products are being applied to over 80 combustion units burning a wide variety of fuels including coal, heavy oil, biomass, and municipal waste. Both the NOx reduction and FUEL CHEM businesses rely heavily on the Company's exceptional Computational Fluid Dynamics Computational fluid dynamics The numerical approximation to the solution of mathematical models of fluid flow and heat transfer. Computational fluid dynamics is one of the tools (in addition to experimental and theoretical methods) available to solve modeling skills, which are enhanced by internally developed, high-end visualization software. For more information, visit Fuel-Tech N.V.'s web site at www.fueltechnv.com. This press release contains 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. |
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