Fuel Tech up 15% on Air Pollution Control Contract in Chile
Fuel Tech Inc. (NASDAQ: FTEK) is trading higher on the session after announcing a $36.6 million air pollution control contract in Chile. Equipment deliveries are scheduled to commence during the Q1 of 2013, with project completion occurring during the Q3 of 2014.
Douglas G. Bailey, Chairman, President and Chief Executive Officer. “We have consciously expanded our international presence to achieve both growth and regulatory diversification in our air pollution control business. We have strategically focused on key geographic markets and are thrilled to be announcing an order of this magnitude."
Fuel Tech is currently trading at $5.25, a gain of $0.68 or 14.88%.
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