Fuel Tech Reports Strong 2024 Financial Results, Driven by Emissions Control and Water Treatment Technologies

Fuel Tech, Inc. (NASDAQ: FTEK), a leading technology company specializing in advanced engineering processes for emissions control systems and water treatment technologies, has announced its financial results for the fourth quarter and full year ended December 31, 2024. The company's strong performance was driven by its expertise in nitrogen oxide (NOx) reduction and particulate control technologies, as well as its proprietary FUEL CHEM® and DGI® systems.



Fuel Tech's exceptional Computational Fluid Dynamics (CFD) modeling capabilities, enhanced by internally developed, high-end visualization software, have enabled the company to provide innovative solutions to its clients. This has resulted in the installation of its solutions on over 1,300 utility, industrial, and municipal units worldwide, demonstrating the success of its R&D efforts.

Fuel Tech's FUEL CHEM® technology improves the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion, and opacity. This technology has been instrumental in helping customers operate in a cost-effective and environmentally sustainable manner, contributing to the company's financial performance.

Moreover, Fuel Tech's water treatment technologies, such as DGI® Dissolved Gas Infusion Systems, have expanded its market reach and revenue streams. These systems utilize a patented saturator and a patent-pending channel injector to deliver supersaturated oxygen solutions and other gas-water combinations to target process applications or environmental issues. This infusion process has a variety of applications in the water and wastewater industries, including remediation, aeration, biological treatment, and wastewater odor management.

Fuel Tech's investments in research and development, particularly in advanced engineering services and computational fluid dynamics, have significantly contributed to its financial performance. The company's commitment to R&D and advanced engineering services has not only helped them maintain a competitive edge but has also enabled them to diversify their offerings, catering to a broader range of clients and industries. This diversification has contributed to their financial performance by increasing their market share and reducing their reliance on a single product or service.

In conclusion, Fuel Tech's 2024 financial results reflect the company's strong performance in the emissions control and water treatment sectors. The company's advanced engineering processes, expertise in NOx reduction and particulate control, and proprietary technologies like FUEL CHEM® and DGI® systems have driven its success. Fuel Tech's commitment to research and development, particularly in advanced engineering services and computational fluid dynamics, has been crucial in driving its financial performance. As the company continues to invest in R&D and expand its market reach, it is well-positioned to maintain its competitive edge and capitalize on growth opportunities in the industry.