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<SEC-DOCUMENT>0000950123-08-005071.txt : 20080502
<SEC-HEADER>0000950123-08-005071.hdr.sgml : 20080502
<ACCEPTANCE-DATETIME>20080502154143
ACCESSION NUMBER:		0000950123-08-005071
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080430
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080502
DATE AS OF CHANGE:		20080502

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FUEL TECH, INC.
		CENTRAL INDEX KEY:			0000846913
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL & COMMERCIAL FANS & BLOWERS & AIR PURIFYING EQUIP [3564]
		IRS NUMBER:				205657551
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33059
		FILM NUMBER:		08798794

	BUSINESS ADDRESS:	
		STREET 1:		512 KINGSLAND DRIVE
		CITY:			BATAVIA
		STATE:			IL
		ZIP:			60510
		BUSINESS PHONE:		6308454437

	MAIL ADDRESS:	
		STREET 1:		512 KINGSLAND DRIVE
		CITY:			BATAVIA
		STATE:			IL
		ZIP:			60510

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FUEL TECH N V
		DATE OF NAME CHANGE:	19930510
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>y57254e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B><FONT style="font-variant: SMALL-CAPS">United States</FONT><BR>
<FONT style="font-variant: SMALL-CAPS">Securities And Exchange Commission</FONT></B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of The Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>
Date of Report (Date of earliest event reported) April&nbsp;30, 2008</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>FUEL TECH, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">
(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
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    <TD width="30%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>001-330594</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>20-5657551</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction <BR>
of incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission<BR>
File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer<BR>
Identification No.<B>)</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>512 Kingsland Drive<BR>

Batavia IL 60510-2299<BR>

(630)&nbsp;845-4500<BR>

(Address and Telephone Number of principal executive offices)</B></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:</B></DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
</TD>
</TR>
</TABLE>
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">








<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 5 &#151; CORPORATE GOVERNANCE AND MANAGEMENT</B>
</DIV>


<!--TOC-->
<!--/TOC-->




<!-- link1 "Item&nbsp;5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers" -->

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;5.02</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Departure of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;With respect to the appointment and departure of principal officers, on April&nbsp;30, 2008 the
Registrant issued the press release attached to this Report as Exhibit&nbsp;99.1 to report the
resignation of Vincent J. Arnone as Senior Vice President, Treasurer and Chief Financial Officer of
the Registrant to be effective on May&nbsp;31, 2008. Also, to replace Mr.&nbsp;Arnone, the Board of Directors
of the Registrant on May&nbsp;1, 2008 elected John P. Graham as Senior Vice President of the Registrant
from April&nbsp;30, 2008 and as Senior Vice President, Treasurer and Chief Financial Officer of the
Registrant from June&nbsp;1, 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;There is no family relationship between Mr.&nbsp;Graham and any director, executive officer, or
person nominated or chosen by the Registrant to become a director or executive officer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;From 2006 to 2007
Mr.&nbsp;Graham, age 43, was Vice President and Chief Financial Officer of
Hub International Limited, an insurance brokerage, and from 2002 to 2006 was Senior Vice President
of Finance, Treasurer and Assistant Secretary of Career Education Corporation, an educational
services company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Mr.&nbsp;Arnone is entering into a consultancy agreement with the Company to provide services
from June&nbsp;1, 2008 through September&nbsp;30, 2008. In consideration of his consultancy and the deferral
of his resignation until arrangements were made for his successor, Mr.&nbsp;Arnone&#146;s consultancy
compensation will be a monthly retainer from June&nbsp;1, 2008 through September&nbsp;30, 2008 of $10,000 per
month for 40 hours per month of service and $200 per hour in excess of 40 hours of service in any
month; a prorated nine month settlement of his participation in the Company&#146;s 2008 Corporate
Incentive Plan in the amount of $67,500; the vesting on September&nbsp;30, 2008 of options to acquire
41,250 shares of the Registrant&#146;s common stock otherwise not exercisable until December&nbsp;2008; and
the right to exercise until October&nbsp;1, 2009 all of his stock options vested at September&nbsp;30, 2008
totaling 83,750 shares, including the above referenced 41,250 shares, at exercise prices from $3.80
to $25.49 per share.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;As compensation from the Registrant commencing on April&nbsp;30, 2008 Mr.&nbsp;Graham will receive
an annual base salary of $300,000, a Target Participation Percentage of 40% of Base Salary in the
Registrant&#146;s Corporate Incentive Plan; a non-qualified stock option award, effective on and priced
at the May&nbsp;8, 2008 fair market value of the Registrant&#146;s common stock, to acquire 50,000 shares of
such stock; participation in the benefit and welfare programs offered by the Registrant to its
officers from time to time; and, if his employment should be terminated within one year of a Change
of Control of the Registrant, salary continuation for a period of up to one year following such
termination.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Other than as stated above, there is no arrangement or understanding as to Mr.&nbsp;Arnone&#146;s
consultancy or Mr.&nbsp;Graham&#146;s employment between Mr.&nbsp;Arnone or Mr.&nbsp;Graham and the Registrant, or its
directors and officers. Mr.&nbsp;Graham is entering into the Registrant&#146;s standard form of employment
agreement which sets forth the above elements of compensation, establishes his employment as
employment at will, and provides for the protection of the Registrant&#146;s intellectual and other
property and for the assignment of inventions to the Registrant.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SECTION 9 &#151; FINANCIAL STATEMENTS AND EXHIBITS</B>
</DIV>

<!-- link1 "ITEM 9.01 Financial Statements and Exhibits" -->

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>ITEM 9.01</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Financial Statements and Exhibits</B></TD>
</TR>
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Exhibits</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">99.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Press Release of April&nbsp;30, 2008 issued by Fuel Tech, Inc.</TD>
</TR>

</TABLE>
</DIV>
<!-- link1 " SIGNATURES" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURES
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="left">&nbsp;</TD>

<TD colspan="1" align="left"><div style=" margin-left:30px; text-indent:0px">Fuel Tech, Inc.<BR>
(Registrant)<BR>
&nbsp;</div></TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: May 2, 2008&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ C. W. Grinnell
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Charles W. Grinnell&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Vice President, General Counsel<br>
and Corporate Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>y57254exv99w1.htm
<DESCRIPTION>EX-99.1: PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-99.1</TITLE>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><u>Exhibit&nbsp;99.1</u>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="89%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April&nbsp;30, 2008</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Contact:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="white-space: nowrap">Tracy H. Krumme, Director, Investor Relations, Fuel Tech, Inc., (203)&nbsp;425-9830</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vincent J. Arnone, Chief Financial Officer; Fuel Tech, Inc., (630)&nbsp;845-4500</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>FUEL TECH APPOINTS JOHN P. GRAHAM<BR>

AS CHIEF FINANCIAL OFFICER</B></DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>BATAVIA, Ill., Apr. 30, 2008 </B>&#150; Fuel Tech, Inc. (Nasdaq: FTEK) today announced that it has
named John P. Graham as Senior Vice President, Chief Financial Officer and Treasurer, effective
June 1. Mr.&nbsp;Graham replaces Vincent J. Arnone, who has announced his resignation for personal
reasons that are unrelated to the business of Fuel Tech. Mr.&nbsp;Arnone will remain Senior Vice
President, Chief Financial Officer and Treasurer through the end of May and then will continue with
the Company in a consulting role as Special Assistant to the Chief Executive Officer from June 1
through September&nbsp;30.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In making the announcement, John F. Norris Jr., President and Chief Executive Officer, stated,
&#147;It is with much regret that we accept Vince&#146;s resignation. During his tenure at Fuel Tech,
Vince&#146;s role has been significantly more than that of just a CFO. He has been a key operational
and strategic contributor to the growth of the Company and has helped build a platform for what we
anticipate will be a period of even more robust growth. His efforts in establishing our Beijing
office, as an example, have prepared us well for success in that very large market. The Board of
Directors joins with me in wishing Vince the very best in his future endeavors.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Norris continued, &#147;While we hate to lose Vince, John Graham&#146;s addition to our company is a
very big plus. John brings to Fuel Tech more than 20&nbsp;years of progressive experience in senior
financial and operational roles in both public and private company environments. His proven track
record in global, entrepreneurial environments will help John mesh quickly with our management team
during a period of rapidly expanding market opportunities. We are incredibly fortunate to be
adding a person of John&#146;s caliber to the Fuel Tech team and we look forward to achieving much
success together.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vince Arnone commented, &#147;Fuel Tech has been my life for the past nine years and I am extremely
proud of our accomplishments, especially the tremendous progress we have made during the last
several years. My reasons for leaving are purely personal, and I am committed to ensuring that we
have a smooth transition with John Graham. I am confident that I leave the
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Company strongly positioned to meet its long-term growth objectives and with a very capable
successor.&#148;</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Graham, age 42, most recently served as Vice President and Chief Financial Officer for Hub
International Limited, where he was responsible for all finance, accounting, treasury and
information technology activities for this $500&nbsp;million international insurance brokerage. Prior
to that, John served in a number of capacities, including: Senior Vice President of Finance,
Treasurer and Assistant Secretary for Career Education Corporation; Senior Consultant for The
Johnsson Group; Vice President, Investor Relations and Financial Reporting for Newell Rubbermaid
Inc.; and Manager of Financial Planning and Analysis for Kraft General Foods. Prior to that, John
was an audit supervisor for Deloitte &#038; Touche LLP. He holds a B.S. in Accounting from Indiana
University and an M.B.A from DePaul University and is a Certified Public Accountant and a Certified
Management Accountant. John is a native of the Chicago area, having been raised in Arlington
Heights, Illinois.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John Graham commented, &#147;I am delighted to be joining the Fuel Tech team and am looking forward
to being part of such a high growth potential company. The nature of the business model &#150; helping
to clean the environment while optimizing long-term shareholder value &#150; was a primary factor in my
decision to join. My research on the company and my personal experiences thus far with Mr.&nbsp;Ralph
Bailey, Executive Chairman, and John Norris and other Board members has proven to me that this is a
company with a great chemistry, sound fundamentals and incredible growth prospects.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 1%"><B>Conference Call</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 1%"><I>Fuel Tech will host a conference call today at 5:30PM ET to discuss this announcement. The call
will simultaneously be broadcast over the Internet at </I><U><I>www.ftek.com</I></U><I> and can be accessed
on the Home page under &#147;Quick Links.&#148; The call can also be accessed by dialing 800-561-2731
(domestic)&nbsp;or 617-614-3528 (international)&nbsp;and using the passcode &#147;Fuel Tech.&#148; A replay of the
call will be available on the website and can be accessed by dialing 888-286-8010 (domestic)&nbsp;or
617-801-6888 (international)&nbsp;and using the passcode &#147;10396206.&#148; The replay will be available
until May&nbsp;21, 2008.</I>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>About Fuel Tech</B></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fuel Tech is a leading technology company engaged in the worldwide development,
commercialization and application of state-of-the-art proprietary technologies for air pollution
control, process optimization, and advanced engineering services. These technologies enable
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">customers to produce both energy and processed materials in a cost-effective and
environmentally sustainable manner.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s nitrogen oxide (NOx) reduction technologies include the NOxOUT<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP>,
NOxOUT CASCADE<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP>, NOxOUT ULTRA<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP>, Rich Reagent Injection (RRI)&nbsp;and
NOxOUT-SCR<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP> processes. These technologies have established Fuel Tech as a leader in
post-combustion NOx control systems, with installations on over 450 units worldwide, where coal,
municipal waste, biomass, and other fuels are utilized.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s FUEL CHEM<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP> technology revolves around the unique application of
chemicals to improve the efficiency, reliability, fuel flexibility 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 (PM<SUB style="font-size: 85%; vertical-align: text-bottom">2.5</SUB>), carbon
dioxide and NOx. This technology, in the form of a customizable FUEL CHEM program, is being
applied to over 95 combustion units burning a wide variety of fuels including coal, heavy oil,
biomass, and municipal waste. A breakdown of the nature of these customer units is posted on the
Company&#146;s website.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Many of Fuel Tech&#146;s products and services rely heavily on the Company&#146;s exceptional
Computational Fluid Dynamics modeling capabilities, which are enhanced by internally developed,
high-end visualization software. These capabilities, coupled with the Company&#146;s innovative
technologies and multi-disciplined team approach, enable Fuel Tech to provide practical solutions
to some of our customers&#146; most challenging problems. For more information, visit Fuel Tech&#146;s web
site at <U>www.ftek.com</U>.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>This press release may contain statements of a forward-looking nature regarding future
events. These statements are only predictions and actual events may differ materially. Please
refer to documents that Fuel Tech files from time to time with the Securities and Exchange
Commission for a discussion of certain factors that could cause actual results to differ
materially from those contained in the forward-looking statements.</I></DIV>



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