Fuel Tech Inc (NASDAQ:FTEK)

Fuel Tech, Inc. provides engineering services and develops technologies for air pollution control and process optimization. The company is engaged in the worldwide development, commercialization and application of state-of-the-art proprietary technologies for multi-pollutant control of air emissions, plant process optimization and advanced engineering services. It operates through two segments: Air Pollution Control Technologies and FUEL CHEM Technologies. The Air Pollution Control Technologies segment includes technologies to reduce NOx emissions in flue gas from boilers, incinerators, furnaces and other stationary combustion sources. These include Low and Ultra Low NOx Burners, Over-Fire Air systems, NOxOUT and HERT Selective Non-Catalytic Reduction systems and Advanced Selective Catalytic Reduction systems. Flue Gas Conditioning systems are chemical injection systems offered in markets outside the U.S. and Canada to enhance electrostatic precipitator and fabric filter performance in controlling particulate emissions. Fuel Tech distributes its products through its direct sales force and agents. The FUEL CHEM technologies segment uses chemical processes in combination with advanced CFD and CKM boiler modeling, for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology. Fuel Tech sells its FUEL CHEM program through its direct sales force and agents to industrial and utility power-generation facilities. It provides services, including combustion optimization services such as airflow testing, coal flow testing and boiler tuning. Fuel Tech was founded by Burr T. Walter in 1987 and is headquartered in Warrenville, IL.