Fuel Tech Announces FUEL CHEM Commercial Contract For A New Domestic Utility Customer; The Annual Revenue Potential From This Contract Is Projected To Be ~$1.5M-$2.0M Based On The Customer Running The Program Full-Time, With The Revenue Expected To Generate Historic FUEL CHEM Gross Margins

Fuel Tech, Inc. (NASDAQ:FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today 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.

During the demonstration, the TIFI® chemical program improved boiler availability and reliability, and reduced maintenance downtime for off-line boiler cleaning in order to maximize the power generation profile of this unit.