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Fuel-Tech N.V. Announces Multiple Orders for NOxOUT(R) Systems Totaling Approximately $2 Million

Posted on: Tuesday, 20 September 2005, 09:00 CDT

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 orders for four NOxOUT(R) projects totaling approximately $2 million. The first order, from a major Southeastern utility alliance partner, is for NOxOUT system engineering on four coal-fired boilers, comprising two 100 megawatt (MW(e)) and two 125 MW(e) units. The second order is for installation of a NOxOUT system on a municipal solid waste incinerator in Italy. The remaining orders consist of preliminary process engineering for NOxOUT systems on a large coal-fired boiler at a paper manufacturer and on two coal-fired units at a major Southwestern utility.

Steven C. Argabright, President and Chief Operating Officer, commented, "We are quite pleased with the pace of order flow in our air pollution control business. Since the beginning of 2005, we have announced over $32 million in NOxOUT project orders, reflecting good customer and geographic diversification. In particular, our Italian order represents the latest in a steady stream of business being won in Europe. In the case of our utility alliance partner, we anticipate additional orders materializing in the near future."

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) and NOxOUT SCR(R) technologies, have established Fuel-Tech N.V. as a leader in post combustion NOx control systems, which are installed on over 340 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. 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 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.

Source: Business Wire

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