Fuel Tech will showcase its DGI® technology at Aquaculture 2025 in New Orleans, promoting efficient water treatment solutions.
Quiver AI Summary
Fuel Tech, Inc. will showcase its DGI® Dissolved Gas Infusion technology at the Aquaculture 2025 conference in New Orleans from March 6-10, 2025. This significant event, which attracts around 4,000 participants from over 90 countries, combines various aquaculture-focused organizations. Vince Arnone, President and CEO of Fuel Tech, expressed excitement about presenting DGI® to the global aquaculture community, highlighting its capability to improve dissolved oxygen levels, boost production in aquaculture settings, and offer potential health benefits. The technology has been selected for an extended demonstration at a state fish hatchery in the Western U.S., scheduled to begin later in the first quarter of 2025. DGI® is not only useful in aquaculture but also applicable in various sectors including wastewater treatment and food processing.
Potential Positives
- Fuel Tech will showcase its DGI® Dissolved Gas Infusion technology at Aquaculture 2025, an important platform with nearly 4,000 attendees from over 90 countries, highlighting the company's commitment to innovation in water treatment solutions.
- The company’s DGI technology has been shown to significantly improve production in aquaculture settings compared to traditional methods, offering potential competitive advantages in the industry.
- Fuel Tech has been selected by a state government agency for an extended demonstration of the DGI technology at a fish hatchery, indicating recognition and validation of its product by government entities.
- DGI has broad applications across multiple markets, including wastewater treatment and food and beverage, which may lead to diverse revenue opportunities for Fuel Tech.
Potential Negatives
- The press release contains forward-looking statements, which inherently carry risks and uncertainties that could lead to actual results differing materially from expectations.
- The announcement of demonstrating their technology at a fish hatchery may indicate that DGI® is still in the testing phase and not yet widely adopted in commercial applications.
- The press release does not provide specific financial details or performance metrics regarding DGI®, raising concerns about its economic viability compared to existing solutions.
FAQ
What is Fuel Tech showcasing at Aquaculture 2025?
Fuel Tech is showcasing its DGI® Dissolved Gas Infusion technology at Aquaculture 2025 in New Orleans.
When and where is Aquaculture 2025 taking place?
Aquaculture 2025 will be held in New Orleans from March 6-10, 2025.
What is DGI® technology used for?
DGI® technology is used for efficiently transferring dissolved oxygen and carbon dioxide in water treatment applications.
How does DGI® benefit aquaculture?
DGI® can dramatically increase total production and improve health benefits in aquaculture compared to traditional aeration methods.
Who is Fuel Tech's customer base?
Fuel Tech serves various markets, including aquaculture, wastewater, food and beverage, and power generation.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FTEK Insider Trading Activity
$FTEK insiders have traded $FTEK stock on the open market 11 times in the past 6 months. Of those trades, 11 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $FTEK stock by insiders over the last 6 months:
- SHARON L JONES has made 8 purchases buying 51,554 shares for an estimated $53,847 and 0 sales.
- VINCENT J ARNONE (President & CEO) has made 2 purchases buying 40,000 shares for an estimated $41,296 and 0 sales.
- ELLEN T ALBRECHT (Chief Financial Officer) purchased 5,000 shares for an estimated $5,050
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$FTEK Hedge Fund Activity
We have seen 16 institutional investors add shares of $FTEK stock to their portfolio, and 6 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ACUITAS INVESTMENTS, LLC added 51,059 shares (+6.5%) to their portfolio in Q3 2024, for an estimated $53,611
- CITADEL ADVISORS LLC added 39,391 shares (+44.5%) to their portfolio in Q3 2024, for an estimated $41,360
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 27,011 shares (+inf%) to their portfolio in Q3 2024, for an estimated $28,361
- RENAISSANCE TECHNOLOGIES LLC added 26,822 shares (+3.1%) to their portfolio in Q3 2024, for an estimated $28,163
- SQUAREPOINT OPS LLC added 17,071 shares (+inf%) to their portfolio in Q3 2024, for an estimated $17,924
- ENGINEERS GATE MANAGER LP added 15,054 shares (+inf%) to their portfolio in Q3 2024, for an estimated $15,806
- TWO SIGMA SECURITIES, LLC removed 14,043 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $14,745
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
WARRENVILLE, Ill., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ: FTEK) , a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced that it will exhibit its DGI ® Dissolved Gas Infusion technology at Aquaculture 2025 being held in New Orleans March 6-10, 2025. Fuel Tech representatives will be at Booth 334.
Held every three years and known as the Triennial, the event is the largest aquaculture conference and tradeshow in the world with nearly 4,000 attendees from over 90 countries. This year’s conference combines the annual meetings of, among others, the National Shellfisheries Association, Fish Culture Section of the American Fisheries Society, World Aquaculture Society, and the National Aquaculture Association.
“The Triennial is one of the industry’s premier events and is attended by some the largest and most widely respected aquaculture companies in the world,” said Vince Arnone, President and CEO of Fuel Tech. “We are excited to showcase the benefits of DGI ® to the global aquaculture community.”
Using patented technology to transfer dissolved oxygen or carbon dioxide, DGI can work as a rapid response option or to augment underperforming legacy technologies. DGI combines best-on-the-market transfer efficiency and zoned delivery to provide precise control accuracy resulting in an energy efficient and cost-effective water and wastewater treatment system solution for multiple end markets.
With respect to aquaculture, Fuel Tech’s DGI has been:
- successfully utilized in an Aquaculture setting suggesting that its use to reliably dose and maintain dissolved oxygen levels can dramatically increase total production compared with traditional aeration methods, while conveying likely health benefits (see white paper at www.dissolvedgasinfusion.com ); and
- selected by a State government agency for an extended demonstration at a fish hatchery in the Western U.S. The demonstration is expected to commence late in the first quarter of 2025 to coincide with the hatchery’s next growth cycle, and is expected to last up to 12 months.
DGI is applicable to a wide range of applications, including aquaculture, municipal and industrial wastewater, food and beverage, pulp and paper, power generation, petrochemical, and landfill leachate.
For more information about DGI ® , please visit Fuel Tech’s website at https://www.ftek.com/en-US/products/water-technologies/dgi-oxygen .
About Fuel Tech
Fuel Tech develops and commercializes state-of-the-art proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services. These technologies enable customers to operate in a cost-effective and environmentally sustainable manner. Fuel Tech is a leader in nitrogen oxide (NO
x
) reduction and particulate control technologies and its solutions have been installed on over 1,300 utility, industrial and municipal units worldwide. The Company’s FUEL CHEM
®
technology improves the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion and opacity. Water treatment technologies include DGI
®
Dissolved Gas Infusion Systems which utilize a patented saturator and a patent-pending channel injector to deliver supersaturated oxygen solutions and other gas-water combinations to target process applications or environmental issues. This infusion process has a variety of applications in the water and wastewater industries, including remediation, aeration, biological treatment and wastewater odor management. 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. For more information, visit Fuel Tech’s web site at
www.ftek.com
.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” as defined in Section 21E of the Securities Exchange Act of 1934, as amended, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and reflect Fuel Tech’s current expectations regarding future growth, results of operations, cash flows, performance and business prospects, and opportunities, as well as assumptions made by, and information currently available to, our management. Fuel Tech has tried to identify forward-looking statements by using words such as “anticipate,” “believe,” “plan,” “expect,” “estimate,” “intend,” “will,” and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. These statements are based on information currently available to Fuel Tech and are subject to various risks, uncertainties, and other factors, including, but not limited to, those discussed in Fuel Tech’s Annual Report on Form 10-K in Item 1A under the caption “Risk Factors,” and subsequent filings under the Securities Exchange Act of 1934, as amended, which could cause Fuel Tech’s actual growth, results of operations, financial condition, cash flows, performance and business prospects and opportunities to differ materially from those expressed in, or implied by, these statements. Fuel Tech undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances or for any other reason. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those detailed in Fuel Tech’s filings with the Securities and Exchange Commission.
CONTACT: | Vince Arnone | Devin Sullivan |
President and Chief Executive Officer | Managing Director | |
(630) 845-4500 | The Equity Group Inc. | |
[email protected] |