Fuel Tech Inc - Company Profile
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Fuel Tech Inc (FTEK) is a technology company focused on the development, commercialization, and application of proprietary technologies for air pollution control, process optimization, combustion efficiency, and advanced engineering services. The company's main activities include providing solutions for nitrogen oxide (NOx) reduction, particulate control, and chemical injection programs to enhance combustion unit performance. FTEK's major products and services include customized NOx control systems, electrostatic precipitator (ESP) technologies, and the TIFI targeted in-furnace injection programs. Its brands associated with the company include NOxOUT, HERT, and ULTRA. Fuel Tech's products and services are utilized by customers in industries such as utility, industrial, and municipal solid waste applications, aiming to improve efficiency and reduce emissions. The company operates through a network of offices and partners to serve its global customer base. Fuel Tech has offices in the United States, Italy, and China, targeting markets worldwide. FTEK's is headquartered in Warrenville, Illinois, the US.
Headquarters
United States of America
Address
27601 Bella Vista Parkway, Warrenville, Illinois, 60555
Website
www.ftek.com
Telephone
1 630 8454500
No of Employees
77
Industry
Clean Technology
Ticker Symbol & Exchange
FTEK (NASD)
Revenue (2024)
$26.7M
6.1%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-19.6%
(2024 vs 2023)
Market Cap*
$46.2M
Net Profit Margin (2024)
XYZ
-12.7%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Products | Services | Brands |
|---|---|---|
| Water Technologies | Modeling | TIFI |
| Dissolved Gas Infusion | Parts and Services | TCI |
| CO2 Addition | Aftermarket Parts and Services | HClear |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In October, the company signed a commercial contract with a new domestic utility customer. |
| 2023 | Contracts/Agreements | In December, the company contracts worth US$2.5 million for air pollution control (APC) and Chemical Technologies were received from an existing customer in South Africa. |
| 2023 | Contracts/Agreements | In November, the company received multiple APC contracts from new and existing customers in the US and South Africa of worth US$2.6 million. |
Competitor Comparison
| Key Parameters | Fuel Tech Inc | Yara International ASA | CECO Environmental Corp | Babcock & Wilcox Enterprises Inc | Environmental Energy Services Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | Norway | United States of America | United States of America | United States of America |
| City | Warrenville | Oslo | Addison | Akron | Boise |
| State/Province | Illinois | Oslo | Texas | Ohio | Idaho |
| No. of Employees | 77 | 15,702 | 1,540 | 1,600 | 9 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ramesh Nuggihalli | Chief Executive Officer; Director; President | Executive Board | 2026 | - |
| Ellen Albrecht | Chief Financial Officer; Treasurer; Vice President | Senior Management | 2022 | 53 |
| Sharon L. Jones | Chairman | Non Executive Board | 2026 | 66 |
| William Cummings | Senior Vice President - Sales | Senior Management | 2016 | 69 |
| Bradley Johnson | General Counsel; Secretary; Vice President | Senior Management | 2020 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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