Item 2.01 Completion of Acquisition or Disposition of Assets

On January 5, 2009, Fuel Tech, Inc. (the "Company") consummated its acquisition of substantially all of the assets of Advanced Combustion Technology, Inc. ("ACT") pursuant to that certain Asset Purchase Agreement, dated December 5, 2008, among the Company, ACT, Peter D. Marx, Robert W. Pickering and Charles E. Trippel (the "Asset Purchase Agreement"). Prior to closing, ACT, headquartered in Hooksett, New Hampshire, was a leading provider of nitrogen oxide ("NOx") control systems, including low NOx burners and over-fire air systems. The business formerly operated by ACT will now become part of the Company's Air Pollution Control reporting segment. In connection with the closing, Fuel Tech paid $22,100,000 in cash to ACT, subject to a future adjustment for working capital. In addition, the Asset Purchase Agreement provides that ACT may receive certain performance-based contingent payments in the future. Fuel Tech's announcement referencing the transaction is attached as Exhibit 99.1 to the Company's Current Report on Form 8-K for an event dated December 5, 2008.
Item 9.01 Financial Statements and Exhibits

(a) Financial Statements of Businesses Acquired. The financial statements required by this Item 9.01(a) will be filed by amendment not later than 71 calendar days after the date that this Form 8-K must be filed.

---

Table of Contents