Fuel-Tech N.V. Announces an Order for a NOxOUT SNCR System & Multiple Engineering Releases Totaling up to Approximately $2.4 Million.STAMFORD, Conn. -- Company Also Announces Another FUEL CHEM CHEM Chemistry
CHEM Chemistry Mission
CHEM Centre des Hautes Études Militaires (French)
CHEM Center for Healthcare Environmental Management
CHEM Charge-Energy-Mass (spectrometer) (R) Demonstration
Fuel-Tech N.V., (Nasdaq: FTEK), a world leader in providing advanced engineering solutions for the optimization of combustion systems and production facilities for utility and industrial customers, today announced an order for 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 and multiple engineering releases totaling up to approximately $2.4 million from a utility alliance partner. The order is for equipment for a large coal-fired unit. The preliminary engineering on the unit was completed in 2003 and an additional release for turnkey services is possible later in the year. Also, preliminary engineering releases were received for six additional units which should result in equipment orders later this year and into 2005.
Fuel Tech also received an order for demonstration of its Targeted-In-Furnace-Injection (TIFI TIFI The Integrated Facilities Institute ) process on a coal-fired unit scheduled to take place in late third quarter. This order represents expansion to a very large unit at a second facility within an existing customer's system.
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 extremely pleased with the order and engineering releases as they serve to support our belief that our NOx reduction business will improve in the second half of 2004 and beyond. We are also gratified grat·i·fy
tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies
1. To please or satisfy: His achievement gratified his father. See Synonyms at please.
2. by the order for another FUEL CHEM(R) demonstration as it represents a repeat order from a satisfied customer and a targeted utility, and further validates our strategy to expand within our existing customer base as well as by the addition of new customers."
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, 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 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 ) 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 300 units worldwide.
New technologies that have grown out of the core NOx reduction business form the basis of the FUEL CHEM(R) and ACUITIV(TM) businesses. FUEL CHEM technology centers around the unique application of chemicals to improve the performance of combustion units while the Company's ACUITIV business includes high-end visualization software that was developed as part of Fuel Tech's sophisticated 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 (CFD) modeling techniques utilized to predict the behavior of industrial processes. The Company's FUEL CHEM products are being applied to over 80 combustion units burning a variety of fuels. 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.