Briefs: Westell invests in software firm
AURORA -- Westell Technologies Inc. said Tuesday it invested about $2.5 million in Contineo Systems, a communications software company. Plano, Texas-based Contineo develops secure software solutions to enable broadband carriers to maximize revenue from existing customers. The deal includes 40 percent ownership of Contineo and two seats on its board of directors. The equity stake is a first for Westell.
Fuel Tech system works in China
BATAVIA -- Fuel Tech Inc., an engineering solutions provider for combustion systems, said Tuesday it has started up its first NOxOut Ultra system in China. On Oct. 13, China Huaneng Group, the largest coal-based power generator in China, successfully commissioned a selective catalytic reduction system at Huaneng Beijing thermal power plant, achieving 90 percent nitrogen oxide reduction. Fuel Tech is a global developer of state-of-the-art technologies for air pollution control.