Last $4.13 USD
Change Today -0.14 / -3.28%
Volume 158.2K
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As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

fuel tech inc (FTEK) Snapshot

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12/17/13 - $9.63
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fuel tech inc (FTEK) Details

Fuel Tech, Inc. provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. The company's Air Pollution Control technology segment reduces nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources by utilizing low and ultra low NOx burners; over-fire air (OFA) systems; NOxOUT and HERT selective non-catalytic reduction systems; advanced selective catalytic reduction (SCR) systems; NOxOUT CASCADE and NOxOUT-SCR processes; ULTRA technology; and ammonia injection grid and graduated straightening grid technologies. Its FUEL CHEM technology segment improves the efficiency, reliability, and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity, and acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter (PM2.5), sulfur dioxide, carbon dioxide, and unburned carbon in fly ash through the addition of chemicals into the furnace using TIFI targeted in-furnace injection technology. This segment offers its FUEL CHEM program for plants operating in the electric utility, industrial, pulp and paper, waste-to-energy, university, and district heating markets, as well as to the owners of boilers, furnaces, and other combustion units. Fuel Tech, Inc. was founded in 1987 and is headquartered in Warrenville, Illinois.

198 Employees
Last Reported Date: 03/10/14
Founded in 1987

fuel tech inc (FTEK) Top Compensated Officers

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: $450.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $290.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $345.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $265.0K
Executive Vice President of Sales & Marketing
Total Annual Compensation: $335.0K
Compensation as of Fiscal Year 2013.

fuel tech inc (FTEK) Key Developments

Fuel Tech, Inc. Announces Management Appointments

Fuel Tech, Inc. announced that it has acquired the intellectual property rights and know-how associated with the CARBONITE(R) fuel conversion process. This process can convert coals of various ranks into value-added products that are high BTU, carbon-rich and pollutant-reduced. Timothy J. Eibes, who previously served as Fuel Tech's Senior Vice President, Project Execution and in early 2014 assumed a lead role in this strategic acquisition, has been named Senior Vice President, Fuel Conversion, responsible for commercializing the technology. Dr. Richard A. Wolfe, developer of the CARBONITE process, has joined Fuel Tech as Vice President, Fuel Conversion Technologies. Both Mr. Eibes and Dr. Wolfe will report to Mr. Bailey.

Fuel Tech Wins Air Pollution Control Orders Totaling $7.8 Million

Fuel Tech, Inc. announced the receipt of multiple air pollution control (APC) contracts from customers in China and the U.S., including its first Electrostatic Precipitator (ESP) orders following the acquisition of PECO-FGC. These awards have an aggregate value of approximately $7.8 million. The first U.S. ESP order is for a large coal-fired utility boiler in the Southeast. The project includes the supply and installation of internal components, along with electrical power supplies and integrated plant controls for the ESP. Installation and startup are scheduled for completion in the third quarter of 2015. The second order is for an ESP retrofit on a coal-fired unit in the Midwest where the scope includes ESP modeling, along with engineering and equipment to improve the safety and reliability of the unit. Delivery of the equipment is scheduled for the fourth quarter of 2014. Both projects are designed to improve the performance of the plants to meet the Environmental Protection Agency's upcoming Mercury and Air Toxics Standards (MATS) for particulate emissions. The contracts in China are for ULTRA(TM) systems at several sites with coal-fired units that are being retrofitted with nitrogen oxide (NO(x)) reduction technology. Fuel Tech's ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent in the selective catalytic reduction of NO(x), eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Equipment deliveries for these orders are expected to occur in the fourth quarter of 2014.

Fuel-Tech, Inc. Provides Effective Tax Rate Guidance for Second Half of 2014

Fuel-Tech, Inc. provided effective tax rate guidance for second half of 2014. The company continue to expect a long-term effective tax rate between 30% and 43%, but it continue to look for the remainder of 2014 to be low due to the income levels reported.


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Price/Earnings 46.3x
Price/Sales 1.0x
Price/Book 1.1x
Price/Cash Flow 46.9x
TEV/Sales 0.8x

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