Fuel Tech, Inc. (NASDAQ: FTEK), a world leader in advanced
engineering solutions for the optimization of combustion systems
and emissions control in utility and industrial applications,
announced today the appointment of Sharon L. Jones to the Company’s
Board of Directors, effective March 15, 2018. Ms. Jones will serve
as an independent director and her appointment increases the size
of Fuel Tech’s Board to six members.
“Sharon’s exceptional record of professional achievement in
change management, operations, engineering and new product
development, along with her educational background, make her an
ideal addition to Fuel Tech’s Board of Directors,” said Vincent J.
Arnone, Chairman, President and Chief Executive Officer. “We are
fortunate to have her as part of the team, and expect to benefit
from her counsel and informed judgement.”
Ms. Jones served as Aircraft Protection Vice President and Site
Lead (2014-2015) for Orbital ATK, which designs, builds and
delivers space, defense, and aviation-related systems to a global
client base. Prior to Orbital ATK’s 2014 merger with Alliant
Techsystems, Inc. (“Alliant”), a Fortune 500 aerospace and
munitions leader, Ms. Jones held a variety of senior leadership
positions at Alliant, including Technology Vice President
(2010-2013), Manufacturing Director (2005-2010), Environmental,
Safety and Security Director (2002-2005), Program Director
(1998-2001), and engineering, quality assurance, and employee
safety and security (1985-1997). Ms. Jones began her career as a
research chemist at Dow Chemical Company in 1982.
Ms. Jones was a member of the Board of Directors of the Anoka
Technical College Foundation, where she served as President (2010-
2012) and Vice President (2008-2010). She holds a Master’s of
Business Administration degree from the University of St. Thomas,
and a Bachelor’s degree in chemistry and a Master’s degree in
analytical chemistry from the South Dakota School of Mines and
Technology.
About Fuel Tech
Fuel Tech is a leading technology company engaged in the
worldwide development, commercialization and application of
state-of-the-art proprietary technologies for 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.
The Company’s nitrogen oxide (NOx) reduction technologies
include advanced combustion modification techniques and
post-combustion NOx control approaches, including NOxOUT®, HERT™,
and Advanced SNCR systems, ASCR™ Advanced Selective Catalytic
Reduction systems, and I-NOx® Integrated NOx Reduction Systems,
which utilize various combinations of these systems, along UDI™
Urea Direct Injection system for SCR reagent supply, and the ULTRA®
process for safe ammonia generation. These technologies have
established Fuel Tech as a leader in NOx reduction, with
installations on over 900 units worldwide.
Fuel Tech’s technologies for particulate control include
Electrostatic Precipitator (ESP) products and services including
complete turnkey capability for ESP retrofits, with experience on
units up to 700 MW. Flue gas conditioning (FGC) systems include
treatment using sulfur trioxide (SO3) and ammonia (NH3) based
conditioning to improve the performance of ESPs by modifying the
properties of fly ash particles. Fuel Tech’s particulate control
technologies have been installed on more than 125 units
worldwide.
The Company’s FUEL CHEM® technology revolves around the unique
application of chemicals to improve the efficiency, reliability,
fuel flexibility, boiler heat rate, and environmental status of
combustion units by controlling slagging, fouling, corrosion,
opacity and improving boiler operations. The Company has experience
with this technology, in the form of a customizable FUEL CHEM
program, on over 110 units.
Fuel Tech also provides a range of services, including boiler
tuning and selective catalytic reduction (SCR) optimization
services. 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.
Many of Fuel Tech’s products and services rely heavily on the
Company’s exceptional Computational Fluid Dynamics modeling
capabilities, which are enhanced by internally developed, high-end
visualization software. These capabilities, coupled with the
Company’s innovative technologies and multi-disciplined team
approach, enable Fuel Tech to provide practical solutions to some
of our customers’ most challenging problems. For more information,
visit Fuel Tech’s web site at www.ftek.com.
NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This press release contains “forward-looking statements” as
defined in Section 21E of the Securities Exchange Act of 1934, as
amended, which are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995 and reflect
Fuel Tech’s current expectations regarding future growth, results
of operations, cash flows, performance and business prospects, and
opportunities, as well as assumptions made by, and information
currently available to, our management. Fuel Tech has tried to
identify forward-looking statements by using words such as
“anticipate,” “believe,” “plan,” “expect,” “estimate,” “intend,”
“will,” and similar expressions, but these words are not the
exclusive means of identifying forward-looking statements. These
statements are based on information currently available to Fuel
Tech and are subject to various risks, uncertainties, and other
factors, including, but not limited to, those discussed in Fuel
Tech’s Annual Report on Form 10-K in Item 1A under the caption
“Risk Factors,” and subsequent filings under the Securities
Exchange Act of 1934, as amended, which could cause Fuel Tech’s
actual growth, results of operations, financial condition, cash
flows, performance and business prospects and opportunities to
differ materially from those expressed in, or implied by, these
statements. Fuel Tech undertakes no obligation to update such
factors or to publicly announce the results of any of the
forward-looking statements contained herein to reflect future
events, developments, or changed circumstances or for any other
reason. Investors are cautioned that all forward-looking statements
involve risks and uncertainties, including those detailed in Fuel
Tech’s filings with the Securities and Exchange Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20180309005122/en/
Fuel Tech, Inc.Jim PachPrincipal Financial
Officer630-845-4500orThe Equity Group Inc.Devin SullivanSenior Vice
President212-836-9608
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