Fuel Tech announces FUELCHEM commercial contract for utility customer

Fuel Tech (FTEK) announced the commencement of a new commercial program using the Company’s proprietary TIFI Targeted In-Furnace Injection technology for a large coal-fired boiler at a Midwest United States utility. This order comes after a demonstration of the Company’s TIFI technology at this unit over the past several months. The annual revenue potential from this contract is projected to be approximately $1.5 to $2.0 million based on the customer running the program full-time, with the revenue expected to generate historic FUEL CHEM gross margins.