and thank on Thank you, I Devin. hope to Good call good in us safe the and morning, everyone joining that today. want I health. are families for your
a so we how impacting business remain COVID-XX essential just XXXX from We the Order State will active. an results are challenges. overview Executive with an how Tech and these our pandemic addressing time qualifies short are year-end today as of Fuel and Fuel the of Tech, be is our I'll removed Illinois my under brief. remarks begin and operations
and have series designed a on execute and We preserve activities ability disruptions objectives. our to deployed to to our developed business minimize normal our of initiatives
business segments recommended and focused employees, are suppliers potential current period across this and our for and CHEM our ensure during to requirements APC and are customers customer We remain deploying our our FUEL critical protocols supporting enterprise time of safe. that future on safety
results Overall, for was quarter the COVID-XX our on of financial not XXXX impact material. the of first
on impact second into the have However, as quarter, our are business moved activity. we we seeing some
have operations customer provide FUEL For to segment, continued, our we program continued business have and to CHEM our base. our
as energy power and economic driven a COVID-XX reduced However, by many demand, to dramatically the generation units. electricity dispatched result, extensive slowdown has
FUEL for are revenue deteriorate dispatched Our that CHEM will not at generation. accounts power
drivers. of dispatch will geographic timing activity of as be weather, demand impact of and on overall the region, with critical performance electricity impact and return the quantify to difficult is by economic likely the vary to It financial
others are potential For the execution near-term existing some customers' requirements, business, awards and business forward contracts, nature we as are the our that their for of planning both new depending economic becomes experiencing this business we APC to for Against finding some clear. on being operating of on the time projects and with our new progress moving outlook while until segments. at however, backdrop, as such more are planned, respect are delayed each development
this XXXX. power March, some at using pleased CHEM FUEL referenced during fourth of the markets scheduled the X are and quarter a for very site commercial source fuel, are of U.S. us of technology continual industrial basis Europe been operational this and units two Chemical fruition. successful time. last the new on all call renewable the opportunity to and demonstration, target I both We The begin domestic injection week a very utilizing programs pleased of has These were announce quarter to year. TIFI quarter the ongoing will biotechnology. application commercial the demonstrations to assuming for are receipt $XXX,XXX for which biomass proprietary when units that demonstration came in our commence estimated are the site annual throughout a we generate in $XXX,XXX this in that customers third per as for utilize programs to the and revenues a is orders to
domestic ranked two unit's expand cost a those of CHEM a and a closely separate install the same FUEL CHEM's later site Beyond FUEL customer of that multiple to domestic coal-fired installed cost to on XXXX, utility program operating CHEM to this in following to reduce are same the FUEL at including additional source opportunities require structure. fuel are lower year. units where the site this with program unit's coal the discussions QX was lower-quality we our dispatch, In switching on a at reduce plant we our their to to units biomass, conversion operations, of we coal
We move throughout the opportunity we on our progress year. this will discuss as
pulp are in where we Europe; solid in We and and units high for the is and FUEL using Southeast additional issue. program; waste biomass other are Amazon and partner, countries, continuing industry, to fuel, and our pursue primary where where in at slagging coal RECOVERY and Asia an paper pricing a applications Southeastern Asian via opportunities Papyrus related for is CHEM CHEM fouling municipal power is source of our demand
term, in our high our oil. fuel Longer Mexico to progress continue with them our sulfur burning to partner to employ harmful we by build help solutions on mitigate emissions
Mexican Our price fuel to in partner explore the state-owned for continues Mexico company. government to oil further burning the Pemex, of as government impetus to has high officials oil the in this reduction engage with sulfur advance the by oil the produced solution provided
the which oil. able we are contract sites CFE, and our sulfur on other month Our executed the two current that last these to partner utility, our fuel discussions began for signed, with for expand should high program Once sites we installed, be are be to burning several the is contracts that capable will hope it state-owned extensions of shortly.
and new primarily $XX APC, are current and end $XX optimistic for are about awards year are cautiously awards that million an SNCR ULTRA targeting various for are the weighted total this negotiations value These to in million For our stages of of SCR, U.S. second the and of towards we close with the Europe, we quarter. to and aggregate contracts offerings. by
opportunity. for projects, gas gas SCR new turbine power to and at universities Notwithstanding complexes This and and combined to segment. focusing opportunities awards, cycle gas ULTRA plant industrial the such the the applications medium and of heat in small impact project upgrades large new includes natural combined COVID-XX best continue provide markets as on on business and medical oil our and
of suppliers, distributed small and with continue solutions turbine support deployment small stationery plug-and-play engines for the suppliers the and generation to development partner exploit power We SCR internal combustion market. for engine of and
We activities control are of opportunities technology may emissions. on install certain at state environmental the available to guidelines retrofit also best where monitoring produce new level, sources
We BREFs, we Asia well attract South SCR SNCR related Longer guidelines opportunities lines in our and to Best the tracking associated Southeast XXXX, through and August term, Technology compliance Reference continue are in to Africa. that India, APC of as were Available in beyond. as ULTRA, with XXXX time those and issued with opportunities technologies Europe
business has our already announced COVID-XX amplified an importance to of the and The financial challenging initiatives. emergence previously operational restructuring environment of
very our has funds expected who annual operation in total China China is and are March Board to compensation grateful removed savings repatriated and from million statement, that as customers previously expected of for support underperforming the leadership operating $XXX,XXX Fuel repatriation the with and Directors, XX% later senior which I'm approximately agreed substantially of of $X losses year. cost our additional loss reductions of and XXXX, annualized from voluntary of Tech's our XX, As produce to of have we of cash of in announced, $XXX,XXX. complete, approximately of collected suspension profit a The have
by of all our the review significant strides taken meet these With while an our markets continue our we structure maintaining we today, cost will basis. ongoing level we of and better all our have markets generated to deliver to structure the to cost of to serve, initiatives, and to technologies align on business products ability
as the we and of in significant no and SG&A view cash $XX.X For weather a costs as with target debt, between total million advantage we We million. we $XX.X challenging quarter XXXX, $XX environment. this which ended and cash million equivalents
are generated for and And to fund that flow the We needs. with next the XX operations position, flow our combined the current continue company to closely manage cash be liquidity monitor our to cash cash and believe expected of planned operations, adequate months. from
above performance We in believe for noted move financial actions the beyond. will XXXX material also as that a we our improvement and basis establish through
in and our in was facility on-site COVID-XX restrictions. pulp As our in the delayed noted paper technology press of demonstration an to solution due we a release, water Midwest
however, We when commence the restrictions determine expect will lifted; this trial demonstration the commence. once cannot, we time, this at to are
to a over additional Principal couple Ellen, of Before address Financial turning acting to I'd things like items. our Officer,
changed Time a public that June This will the XX anyone annual attending virtually, our also interested of that at be that to COVID-XX. XXXX, release is possible date the press to to a.m. however, in May expect number We XXXX. on information dated our put XX, available of subject. was in-person for in date made First, respond May XX; health attendance scheduled accommodate and Central measures to have June were we we originally in meeting change this by do X provided shareholders XX, Illinois dial-in of place in from
one us NASDAQ is with compliance with XXXX. these extension this welcome the for and Compliance COVID-XX, been until is has must XX the during Directors stance above regain market after days. the closes extended On to stock appreciate that the our regained date We vote times. which listing. ability associated reverse stock for provides the to maintain proposals among The has volatility of the informed if necessary, the due topic, Board to split, that the effect NASDAQ same our market $X stock we September trading by XX, consecutive unprecedented NASDAQ's
Finally, the providing Economic to reflected for under a therefore XX, XXXX. million. we an on Relief, the with into XXXX, and was lender Security our agreement the for our principal not quarter Protection funding loan Coronavirus Act, in entered Program April in second Paycheck and financial pursuant of This is completed QX in amount approximately $X.X the statements Aid,
I I'm in want environment. growth stakeholders. ongoing to Fuel ultimately, closing, proven committed, team's ensure Fuel Tech. again our The a creative thank and to interest your difficult to and In very, to everyone for sustainability a of very proud we our has remain resilient platform once individuals, response for and of motivated be team group very a financial business Tech
please discussion the go turn over to I'll said, ahead. Ellen, Ellen. that With
