FUEL TECH INC
For the period ended Dec 31, 2024. Filed Mar 4, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 4, 2025
FTEK$1.41+4.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| Page | ||
|---|---|---|
| PART I | ||
| Item 1. | Business | 3 |
| Item 1A. | Risk Factors | 7 |
| Item 1B. | Unresolved Staff Comments | 9 |
| Item 1C. | Cybersecurity | 9 |
| Item 2. | Properties | 9 |
| Item 3. | Legal Proceedings | 9 |
| Item 4. | Mine Safety Disclosures | 9 |
| PART II | ||
| Item 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchase of Equity Securities | 10 |
| Item 6. | Reserved | 10 |
| Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 10 |
| Item 7A. | Quantitative and Qualitative Disclosures about Market Risk | 13 |
| Item 8. | Financial Statements and Supplementary Data | 14 |
| Item 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 41 |
| Item 9A. | Controls and Procedures | 41 |
| Item 9B. | Other Information | 41 |
| PART III | ||
| Item 10. | Directors, Executive Officers and Corporate Governance | 42 |
| Item 11. | Executive Compensation | 42 |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 42 |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence | 42 |
| Item 14. | Principal Accountant Fees and Services | 42 |
| PART IV | ||
| Item 15. | Exhibits and Financial Statement Schedules | 43 |
| Signatures and Certifications | 45 | |
TABLE OF DEFINED TERMS
| Term | Definition |
|---|---|
| AIG | Ammonia Injection Grid |
| APC | Air Pollution Control Technology |
| ASCR® | A trademark used to describe our Advanced Selective Catalytic Reduction process |
| BACT | Best Available Control Technology |
| BREF | Best Available Reference Technology. European emission requirements |
| CFD | Computational Fluid Dynamics |
| CKM | Chemical Kinetics Modeling |
| DGI® | Dissolved Gas Infusion |
| EPA | The United States Environmental Protection Agency |
| ESP | Electrostatic Precipitator |
| FGC | Flue Gas Conditioning |
| FUEL CHEM® | A trademark used to describe our fuel and flue gas treatment processes, including its TIFI® Targeted In-Furnace Injection™ technology to control slagging, fouling, corrosion and a variety of sulfur trioxide-related issues |
| GSG™ | A trademark used to describe our Graduated Straightening Grid |
| HERT™ High Energy Reagent Technology™ | A trademark used to describe one of our SNCR processes for the reduction of NOx |
| I-NOx® | Systems can include SNCR components along with SCR technology, which includes AIG and GSG™ system |
| NOx | Oxides of nitrogen |
| NOxOUT® | A trademark used to describe one of our SNCR processes for the reduction of NOx |
| SCR | Selective Catalytic Reduction |
| SNCR | Selective Non-Catalytic Reduction |
| TIFI® Targeted In-Furnace Injection™ | A trademark used to describe our proprietary technology that enables the precise injection of a chemical reagent into a boiler or furnace as part of a FUEL CHEM program |
| UDI™ | Urea Direct Injection as the process to provide urea reagent directly into a duct for SCR applications |
| ULTRA® | A trademark used to describe our process for generating ammonia for use as a Selective Catalytic Reduction reagent |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.