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WARRENVILLE, Ill. - Fuel Tech , Inc. (NASDAQ: NASDAQ:FTEK), a provider of advanced engineering solutions for emissions control and water treatment, has announced the acquisition of air pollution control orders valued at approximately $1.6 million from various U.S. customers. With a market capitalization of $28.41 million and a strong balance sheet showing more cash than debt, the company continues to expand its operations. These orders include a mix of new and repeat business, highlighting the company’s ongoing commitment to environmental sustainability and operational efficiency. According to InvestingPro analysis, the company maintains a healthy current ratio of 5.82, indicating strong liquidity to support its growth initiatives.
Among the orders is a contract for an ULTRA® system to be installed at a Midwestern university’s natural gas turbine with a heat recovery steam generator. This system converts urea to ammonia on-site, which is then used to reduce NOx emissions as part of the Selective Catalytic Reduction (SCR) process. The ULTRA system is noted for its safety and cost-effectiveness, eliminating the risks associated with handling anhydrous or aqueous ammonia. With a robust gross profit margin of 44.4%, Fuel Tech demonstrates strong operational efficiency in delivering these solutions. The expected delivery and completion of this project are slated for the second quarter of 2026.
In addition, Fuel Tech received an order for advanced engineering services from an existing municipal waste unit customer. This service is a preliminary step towards implementing an Advanced Selective Non-Catalytic Reduction (ASNCR) system, which offers a compliance solution for stringent NOx control requirements. A medical facility in the Northeast has also contracted Fuel Tech for site services to optimize the operation of its existing ULTRA system.
The company expects to complete work on several orders for parts related to recent SCR and ULTRA projects within the first quarter of 2025. Vincent J. Arnone, President and CEO of Fuel Tech, expressed satisfaction with the contract awards and indicated that the company is actively pursuing additional APC contracts, potentially worth between $4 million and $5 million, expected to be awarded by early in the second quarter of 2025.
Fuel Tech’s suite of technologies addresses the need for emissions control and water treatment across utility and industrial applications. The company’s FUEL CHEM® technology enhances combustion unit performance, while its DGI® Dissolved Gas Infusion Systems offer solutions for water and wastewater treatment.
This press release statement contains forward-looking statements regarding Fuel Tech’s expectations for future growth and business prospects. While the company’s stock is currently trading near its 52-week low, InvestingPro analysis suggests the stock may be undervalued based on its Fair Value calculations. For deeper insights into Fuel Tech’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers over 1,400 US stocks with detailed analysis and actionable intelligence. However, these statements are subject to various risks and uncertainties that could affect the company’s actual results. The information provided is based on a press release statement from Fuel Tech, Inc.
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