Fuel Tech Elects James J. Markowsky, Ph.D. to Its Board of Directors
February 10 2017 - 4:10PM
Business Wire
Fuel Tech, Inc. (Nasdaq: FTEK), a world leader in advanced
engineering solutions for the optimization of combustion systems in
utility and industrial applications, today announced that effective
February 6, 2017, it expanded its Board of Directors from five to
six and elected James J. Markowsky, Ph.D. as an independent
director of Fuel Tech, Inc.
"We are delighted to welcome Jim to Fuel Tech's Board of
Directors," said Douglas G. Bailey, Fuel Tech's Executive Chairman.
"With over 30 years of experience in power generation, Jim’s
combined experience in management and corporate governance makes
him an excellent advisor to help inform our judgment as we strive
to grow Fuel Tech and increase stockholder value."
Dr. Markowsky is currently a member of the Board of Directors
for Energy Corporation of America since 2011, and Chair of their
Audit Committee since July 2016. Previously, Dr. Markowsky served
as Assistant Secretary for Fossil Energy, US Department of Energy,
in 2009 and 2010. He served as President of Research and
Development Solutions, LLC (RDS), in 2004 and 2005. Prior to RDS,
Dr. Markowsky served as Executive Vice President, Power Generation,
at American Electric Power Service Corporation (AEP) from 1996 to
2000. In 2000, he retired from AEP. Earlier positions of Dr.
Markowsky at AEP included Executive Vice President, Engineering and
Construction (1993-1996), Senior Vice President and Chief Engineer
(1988-1993), Vice President, Mechanical and Environmental
Engineering (1988), Vice President, Mechanical Engineering
(1987-1988), Assistant Vice President, Mechanical Engineering
(1984-1987), AEP Sloan Fellow at Massachusetts Institute of
Technology (1980-1981), Manager, Analytical and R&D Section
(1977-1984), and Senior Engineer, Mechanical Engineering Division
(1971-1977).
Dr. Markowsky’s professional affiliations include membership in
the National Academy of Engineering and he is an American Society
of Mechanical Engineers Fellow. He holds a Bachelor’s degree in
Mechanical Engineering from Pratt Institute, Master of Science and
doctoral degrees in Mechanical Engineering from Cornell University
and a Master of Science degree in Management from Massachusetts
Institute of Technology.
Dr. Markowsky has extensive experience related to power
generation including, during his long and successful AEP career,
the management along with the engineering, design, construction and
operation of AEP’s then fleet of 21,000 MW of coal-fired power
generation, and the management and implementation of R&D
activities related to both the environmental and operational
performance of fossil power plants.
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 air 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 with 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.
This press release may contain statements of a forward-looking
nature regarding future events. These statements are only
predictions and actual events may differ materially. Please refer
to documents that Fuel Tech files from time to time with the
Securities and Exchange Commission for a discussion of certain
factors that could cause actual results to differ materially from
those contained in the forward-looking statements.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170210005589/en/
Fuel Tech, Inc.David S. Collins, 630-845-4500Chief Financial
OfficerorThe Equity Group Inc.Devin Sullivan, 212-836-9608Senior
Vice President
Fuel Tech (NASDAQ:FTEK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Fuel Tech (NASDAQ:FTEK)
Historical Stock Chart
From Apr 2023 to Apr 2024