<SEC-DOCUMENT>0001193125-15-090314.txt : 20150313
<SEC-HEADER>0001193125-15-090314.hdr.sgml : 20150313
<ACCEPTANCE-DATETIME>20150313091034
ACCESSION NUMBER:		0001193125-15-090314
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150310
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150313
DATE AS OF CHANGE:		20150313

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:		15697838

	BUSINESS ADDRESS:	
		STREET 1:		27601 BELLA VISTA PARKWAY
		CITY:			WARRENVILLE
		STATE:			IL
		ZIP:			60555
		BUSINESS PHONE:		6308454433

	MAIL ADDRESS:	
		STREET 1:		27601 BELLA VISTA PARKWAY
		CITY:			WARRENVILLE
		STATE:			IL
		ZIP:			60555

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FUEL TECH N V
		DATE OF NAME CHANGE:	19930510
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d891319d8k.htm
<DESCRIPTION>FORM 8-K
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<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported) March&nbsp;10, 2015 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>FUEL TECH, INC. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact
name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>001-33059</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>20-5657551</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Fuel Tech, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>27601 Bella Vista Parkway </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Warrenville, IL 60555-1617 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>630-845-4500 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address and
telephone number of principal executive offices) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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 provision: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.02</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers </B></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">On March&nbsp;13, 2015, Fuel Tech, Inc. (&#147;Fuel Tech&#148; or the &#147;Registrant&#148;) issued the press release attached as
Exhibit&nbsp;99.1 to this Report announcing that, on March&nbsp;10, 2015, Fuel Tech&#146;s Board of Directors (&#147;Board&#148;) made two executive appointments having effect on April&nbsp;1, 2015. The Board appointed Douglas G. Bailey to serve as
Executive Chairman of Fuel Tech and Vincent J. Arnone to serve as President and Chief Executive Officer. In addition, in recognition of his key leadership roles in the management of Fuel Tech and long experience with Fuel Tech, the Board appointed
Mr.&nbsp;Arnone to be a member of the Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In connection with his appointment, Mr.&nbsp;Bailey shall continue to perform the duties of
Chairman of the Board. Mr.&nbsp;Bailey, who shall remain as an officer and employee of Fuel Tech, also shall be active in certain of Fuel Tech&#146;s operations concentrating his efforts on strategic opportunities for Fuel Tech assigned by and under
the direction of the Board including Fuel Tech&#146;s fuel conversion business development initiative. Prior to this appointment, Mr.&nbsp;Bailey served Fuel Tech as its President and Chief Executive Officer since April&nbsp;1, 2010. Mr.&nbsp;Bailey
has been Chairman of the Board of Fuel Tech since January&nbsp;2010, director of Fuel Tech since April&nbsp;1998 and was Deputy Chairman from 2002 through December&nbsp;2009. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">As Executive Chairman, under Mr.&nbsp;Bailey&#146;s existing employment agreement, Fuel Tech shall pay Mr.&nbsp;Bailey an annualized base
salary of $400,000 prorated to his April&nbsp;1, 2015 appointment date. 2015 <FONT STYLE="white-space:nowrap">short-term</FONT> incentive and long-term incentive compensation for Mr.&nbsp;Bailey, as Executive Chairman, has yet to be determined. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In his capacity as President and Chief Executive Officer, Mr.&nbsp;Arnone shall have responsibility for general management and control of Fuel
Tech&#146;s affairs and business. Prior to these appointments, Mr.&nbsp;Arnone served Fuel Tech as its Executive Vice President and Chief Operating Officer since January&nbsp;2014; served as Fuel Tech&#146;s Executive Vice President of Worldwide
Operations from September&nbsp;2010 through December&nbsp;2013; provided consulting services to Fuel Tech from time to time from June&nbsp;2008 through August&nbsp;2010; served as Fuel Tech&#146;s Treasurer and Chief Financial Officer from
December&nbsp;2003 through May&nbsp;2008; and served as Fuel Tech&#146;s Controller and Financial Director from May&nbsp;1999 through November&nbsp;2003. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">As President and Chief Executive Officer, under Mr.&nbsp;Arnone&#146;s existing employment agreement, Fuel Tech shall pay Mr.&nbsp;Arnone an
annualized base salary of $425,000 prorated to the April&nbsp;1, 2015 appointment date. Also, in connection with his appointment as President and Chief Executive Officer, Fuel Tech has agreed to grant Mr.&nbsp;Arnone 75,000 time vested restricted
stock units (RSUs) with a grant date of April&nbsp;1, 2015, pursuant to the terms and conditions of the Fuel Tech, Inc. 2014 <FONT STYLE="white-space:nowrap">Long-Term</FONT> Incentive Plan (2014 LTIP) and Fuel Tech&#146;s standard time vested RSU
Award Agreement under the 2014 LTIP. Such grant includes a vesting schedule that provides for vesting of one-third of the granted RSUs on the grant date, <FONT STYLE="white-space:nowrap">one-third</FONT> on the first anniversary of the grant date
and the remaining one-third vesting on the second anniversary of the grant date. 2015 <FONT STYLE="white-space:nowrap">short-term</FONT> incentive and <FONT STYLE="white-space:nowrap">long-term</FONT> incentive compensation for Mr.&nbsp;Arnone, as
President and Chief Executive Officer, has yet to be determined. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Other than as stated above, there is no arrangement or understanding as
to either Mr.&nbsp;Arnone&#146;s or Mr.&nbsp;Bailey&#146;s employment with the Registrant, or with its directors and officers. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9.01 Financial Statements and Exhibits </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>(d)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Exhibits</B> </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" NOWRAP><B>Exhibit&nbsp;99.1</B></TD>
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<TD VALIGN="top">Press Release of Fuel Tech, Inc., dated March&nbsp;13, 2015.</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fuel Tech, Inc.</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(Registrant)</P></TD></TR>
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<TD VALIGN="top">Date: March&nbsp;13, 2015</TD>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Albert G. Grigonis</P></TD></TR>
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<TD VALIGN="top">Albert G. Grigonis</TD></TR>
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<TD VALIGN="top">Senior Vice President, General Counsel and Corporate Secretary</TD></TR>
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<DOCUMENT>
<TYPE>EX-99.1
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<FILENAME>d891319dex991.htm
<DESCRIPTION>EX-99.1
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<TITLE>EX-99.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<IMG SRC="g891319ex99_1pg001.jpg" ALT="LOGO">
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<TD VALIGN="top">CONTACT:</TD>
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<TD VALIGN="top">David S. Collins</TD>
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<TD VALIGN="top">Devin Sullivan</TD></TR>
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<TD VALIGN="top">Chief Financial Officer</TD>
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<TD VALIGN="top">Senior Vice President</TD></TR>
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<TD VALIGN="top">(630) 845-4500</TD>
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<TD VALIGN="top">The Equity Group Inc.</TD></TR>
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<TD VALIGN="top">(212) 836-9608</TD></TR>
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<TD VALIGN="top">Kalle Ahl</TD></TR>
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<TD VALIGN="top">Senior Associate</TD></TR>
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<TD VALIGN="top">(212) 836-9614</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>FUEL TECH ANNOUNCES EXECUTIVE LEADERSHIP TRANSITION </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Douglas G. Bailey Named Executive Chairman of the Board </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Vincent J. Arnone Promoted to President and CEO </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WARRENVILLE, Ill., March&nbsp;13, 2015 </B>&#150; <B>Fuel Tech, Inc. (NASDAQ: FTEK)</B>, a world leader in advanced engineering solutions for the
optimization of combustion systems and emissions control in utility and industrial applications, today announced an executive leadership transition in accordance with the long-term succession planning process of the Company&#146;s Board of Directors
to ensure multi-year management continuity and leadership excellence at Fuel Tech. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Douglas G. Bailey, who has served as Fuel Tech&#146;s President and
CEO since April&nbsp;1, 2010, and Chairman of the Board since January&nbsp;1, 2010, will become Executive Chairman of the Board effective April&nbsp;1, 2015. In addition to performing his duties as Executive Chairman, Mr.&nbsp;Bailey will
concentrate on major strategic opportunities for Fuel Tech, including the Company&#146;s fuel conversion business development initiative. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Concurrently,
Vincent J. Arnone, Executive Vice President and Chief Operating Officer of the Company since January 2014 and a Fuel Tech executive for 16 years, will succeed Mr.&nbsp;Bailey as President and CEO. Mr.&nbsp;Arnone has also been appointed to Fuel
Tech&#146;s Board of Directors. Both appointments are effective as of April&nbsp;1, 2015. </P>

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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Arnone&#146;s career with Fuel Tech began in May 1999 and he has held roles of increasing
responsibility, including Corporate Controller, Chief Financial Officer, Executive Vice President Worldwide Operations and, most recently, Chief Operating Officer. During his tenure, Mr.&nbsp;Arnone authored and implemented global business and
operating strategies, enhanced the Company&#146;s strategy and business in China, and ensured the highest levels of client service for Fuel Tech&#146;s business segments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Bailey commented, &#147;It has been a privilege to serve as Fuel Tech&#146;s President and CEO for the last five years, and I very much look forward
to continuing to work with Vince, the executive team and the Board of Directors as Executive Chairman. Vince has been an integral part of our executive team for 16 years, and has earned our admiration and respect. In his role as the principal
operations officer of the Company for more than four years, the contributions Vince has made and the experience he has gained have been significant. I am confident in his readiness to succeed in his new role, and expect that his demonstrated
leadership abilities and dedication to our mission will help to advance the Company towards its next chapter of growth and success.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Arnone
commented, &#147;I am honored to succeed Doug Bailey, and I am enthusiastic at the opportunity to lead the continuing evolution of our Company. My commitment in this new role is fully aligned with the vision, mission and values of Fuel Tech. Our
organization is comprised of a talented, dedicated group of professionals with whom I have worked very closely during my career. With this team, I am confident that we will effectively address the challenges and capitalize on the opportunities that
lie ahead.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>About Fuel Tech </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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 customers to produce both energy and processed materials in a cost-effective and environmentally sustainable manner. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
Company&#146;s nitrogen oxide (NO<SUB STYLE="font-size:85%; vertical-align:bottom">x</SUB>) reduction technologies include advanced combustion modification techniques - such as Low NO<SUB STYLE="font-size:85%; vertical-align:bottom">x</SUB> Burners
and Over-Fire Air systems - and post-combustion NO<SUB STYLE="font-size:85%; vertical-align:bottom">x</SUB> control approaches, including
NO<SUB STYLE="font-size:85%; vertical-align:bottom">x</SUB>OUT<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> and HERT&#153; SNCR systems, ASCR&#153; Advanced Selective Catalytic Reduction systems, NO<SUB
STYLE="font-size:85%; vertical-align:bottom">x</SUB>OUT-SCR<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, NO<SUB STYLE="font-size:85%; vertical-align:bottom">x</SUB>OUT CASCADE<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>,
and I-NO<SUB STYLE="font-size:85%; vertical-align:bottom">x</SUB>&#153; Integrated NO<SUB STYLE="font-size:85%; vertical-align:bottom">x</SUB> Reduction Systems, which utilize various combinations of these systems, along with the ULTRA&#153; process
for safe ammonia generation. These technologies have established Fuel Tech as a leader in NO<SUB STYLE="font-size:85%; vertical-align:bottom">x</SUB> reduction, with installations on over 800 units worldwide, where coal, fuel oil, natural gas,
municipal waste, biomass and other fuels are utilized. </P>

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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fuel Tech&#146;s technologies for particulate control include Electrostatic Precipitator (ESP) products and
services include ESP Inspection Services, Performance Modeling, Performance and Efficiency Upgrades, along with complete turnkey capability for ESP retrofits, with more than 60 major rebuilds on units up to 700 MW. Flue gas conditioning (FGC)
systems include treatment using sulfur trioxide (SO<SUB STYLE="font-size:85%; vertical-align:bottom">3</SUB>) and ammonia (NH<SUB STYLE="font-size:85%; vertical-align:bottom">3</SUB>) based conditioning to improve the performance of ESPs by
modifying the properties of the fly ash particle. FGC systems offer a lower capital cost approach to improving ash particulate capture versus the alternative of installing larger ESPs or utilizing fabric filter technology to meet targeted emissions
and opacity limits. Fuel Tech&#146;s particulate control technologies have been installed on more than 125 units worldwide. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company&#146;s FUEL CHEM<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</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 operational issues associated with sulfur trioxide, ammonium bisulfate, particulate matter (PM<SUB STYLE="font-size:85%; vertical-align:bottom">2.5</SUB>), carbon dioxide and NO<SUB
STYLE="font-size:85%; vertical-align:bottom">x</SUB>. The Company has experience with this technology, in the form of a customizable FUEL CHEM program, on over 110 combustion units burning a wide variety of fuels including coal, heavy oil, biomass,
and municipal waste. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fuel Tech also provides a range of combustion optimization services, including airflow testing, coal flow testing and boiler tuning,
as well as services to help optimize selective catalytic reduction system performance, including catalyst management services and ammonia injection grid tuning. In addition, flow corrective devices and physical and computational modeling services
are available to optimize flue gas distribution and mixing in both power plant and industrial applications. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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 www.ftek.com. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><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></P>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
