Markets
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Fuel Tech Awarded Multiple Equipment Orders Totaling $2.2 Million
- July 6, 2020
- Posted by: Stratford Team
- Category: Markets
No CommentsFuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced the receipt of multiple equipment orders from customers in the US and Europe. These awards have an aggregate value of approximately $2.2 million. In Europe, two separate contracts were received for NOxOUT® Selective Non-Catalytic Reduction (SNCR) systems for single units firing natural gas and biomass. Fuel Tech’s SNCR technology is a proven solution for utility and industrial combustion unit owners looking to comply with more stringent NOx control requirements. Deliveries for these orders will be completed by the third quarter of 2020. Another European order for a NOx reduction system was received for a biomass-fired industrial unit which will utilize Fuel Tech’s Selective Catalytic Reduction (SCR) technology and an aqueous ammonia feed system. Equipment deliveries are scheduled for the fourth quarter of 2020. In the US, an order was received for equipment supporting Fuel Tech’s FUEL CHEM® TIFI® Targeted In-Furnace Injection technology that assists primarily coal-fired power generation units burn lower-quality fuels more cleanly and efficiently. This equipment will be installed on three coal-fired units that are expected
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Newgioco Reports Full Year 2019 Financial Results
- July 6, 2020
- Posted by: Stratford Team
- Category: Markets
Newgioco Group, Inc. (“Newgioco” or the “Company”) (Nasdaq: NWGI), a global sports betting and interactive gaming technology company providing fully integrated, omni-channel sports betting software solutions, announced its operating and financial results for the fiscal year ended December 31, 2019. The Company was delayed in filing its reports due to COVID-19 and the associated lockdowns in multiple international jurisdictions, with especially notable restrictions imposed by the Italian government. Newgioco generated total revenue of approximately $35.6 million for the year ended December 31, 2019 compared to $34.6 million for the year ended December 31, 2018, representing a modest increase of approximately $1 million or 2.9%. The increase in revenue was primarily attributable to an increase in turnover, or betting handle, to approximately $454.1 million for the year ended December 31, 2019 from $413.2 million for the year ended December 31, 2018. Betting handle increased by approximately $41 million or 9.9%, which was on target with our growth estimates in Italy considering that there were no major international sporting events in 2019 compared to the prior year during which events such as the FIFA World Cup of Soccer occurred. The increase in web-based handle of approximately $92.5 million or 39.2%
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Garmin® GI 275 electronic flight instrument CDI/MFD ready for helicopter installations
- July 6, 2020
- Posted by: Stratford Team
- Category: Markets
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced that the GI 275 electronic flight instrument is ready for installation in select Part 27 Federal Aviation Administration (FAA)-registered helicopters via Field Approval. The GI 275 has completed stringent helicopter vibration and temperature testing, demonstrating it can withstand the harsh operating environments encountered by helicopters. Initial variants approved for installation include the course deviation indicator (CDI), radar altimeter display and the multi-function display (MFD) versions of the GI 275. Follow-on approval of the GI 275 as a replacement for the attitude indicator and horizontal situation indicator (HSI) via STC is expected in Q4 2020. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200706005113/en/ GI 275 MFD for helicopters (Photo: Business Wire) “With these approvals, we’re thrilled to expand the availability of the GI 275 to now include the helicopter market,” said Carl Wolf, vice president of aviation sales and marketing. “The GI 275 is the perfect solution for helicopter owners and operators, as it allows them to take a scalable, cost-conscious approach to their avionics upgrade. Even further, the GI 275 adds a tremendous amount of reliability and capability to any cockpit, making it

