Fuel Tech, Inc. announced the receipt of multiple air pollution control contracts from new and existing customers in the US, Europe and the Pacific Rim. These awards support projects serving various end markets, and have an aggregate value of approximately $5.2 million. Two separate contracts were received from existing US utility customers for NO(x) OUT Selective Non-Catalytic Reduction (SNCR) systems. Fuel Tech's SNCR technology is a proven solution for utility and industrial combustion unit owners looking to comply with more stringent NO(x) control requirements. One order is for a coal-fired unit in the Midwest and the other is for a unit on the East Coast that fires oil and natural gas. The Company believes that the purchase of SNCR systems is being driven by the proposed EPA Good Neighbor Rule, which is expected to finalize in the first quarter of 2023. Equipment deliveries are expected in the second and third quarters of 2023. An order was received in the US for two ULTRA systems to be installed on natural gas-fired turbines at a university on the West Coast. Fuel Tech's ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent where Selective Catalytic Reduction is used to reduce NO(x), eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Deliveries are expected to be completed in the third quarter of 2023. Two additional orders in the US were received for ULTRA systems on the West Coast. The first contract was for three ULTRA systems to replace ammonia based equipment for SCR systems already deployed on package boilers at a medical facility. Deliveries are expected in the third quarter of 20 23. The second ULTRA order was for an industrial unit firing natural gas at a paper production facility with an estimated second quarter 2023 delivery. In Europe, separate orders were received for a NOxOUTSNCR system for a biomass-fired unit and for a system utilizing SCR technology for a gas turbine application; delivery of both orders is expected in the third quarter of 2023. In China, a spare parts order was received for a previously installed ULTRA system, and delivery is
expected in the third quarter of 2023.