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Fuel Tech, Inc.

 
Hoover's Company Profiles:

Fuel Tech, Inc.

(NASDAQ:FTEK)
Contact Information
Fuel Tech, Inc.
27601 Bella Vista Pkwy.
Warrenville, IL 60555
IL Tel. 630-845-4500
Toll Free 800-666-9688
Fax 630-845-4502

Type: Public
On the web: http://www.ftek.com
Employees: 161
Employee growth: (4.2%)

Fuel Tech develops technologies and products so industrial plants and utilities around the world can run cleanly and efficiently. The company's air pollution control systems segment offers nitrogen oxide reduction products (such as NOxOUT and Over-Fire Air Systems), which reduce nitrogen oxide emissions from boilers, incinerators, furnaces, and other combustion sources. Fuel Tech's technologies are used on more than 550 combustion units, including utility, industrial and municipal solid waste applications. The company's FUEL CHEM segment develops chemical products used to reduce slag formation and corrosion. Chairman, president, and CEO Douglas Bailey and his family own about 25% of Fuel Tech.

Key numbers for fiscal year ending December, 2010:
Sales: $81.8M
One year growth: 14.6%
Net income: $1.8M

Officers:
Chairman Emeritus: Ralph E. Bailey
Chairman, President, and CEO: Douglas G. (Doug) Bailey
VP International Business and Technologies: William H. (Bill) Sun

Competitors:
Ashland Inc.
Babcock & Wilcox
Foster Wheeler

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