Birchtech Secures New Agreement with Power Utility from Arizona Litigation
Birchtech (TSX: BCHT) has secured a non-exclusive agreement with a second coal-fired power utility defendant from its Arizona lawsuit filed in July 2024. This resolution completes all claims in the Arizona case, while remaining claims in Iowa and Missouri continue against other defendants in the Southern District of Iowa.
The company has achieved significant legal victories, including a $57 million jury award with a unanimous finding of willful infringement in March 2024. Since 2019, Birchtech has reached 10 license and/or supply agreements with coal-fired utilities, including six previously named as defendants. The company's legal campaign began in July 2019 with lawsuits against 43 defendants, followed by three separate lawsuits against 14 defendants in July 2024.
Notable settlements include pre-trial agreements with AJ Gallagher, DTE, and a CERT Defendant in late 2023. The company continues to pursue protection of its intellectual property rights through ongoing litigation.
Birchtech (TSX: BCHT) ha assicurato un accordo non esclusivo con un secondo fornitore di energia elettrica a carbone citato in giudizio in Arizona, nell'ambito della causa avviata a luglio 2024. Questa risoluzione completa tutte le rivendicazioni nel caso dell'Arizona, mentre le rivendicazioni rimanenti in Iowa e Missouri continuano contro altri convenuti nel Distretto Meridionale dell'Iowa.
L'azienda ha ottenuto importanti vittorie legali, incluso un risarcimento di $57 milioni con una decisione unanime di violazione volontaria a marzo 2024. Dal 2019, Birchtech ha raggiunto 10 accordi di licenza e/o fornitura con utilities a carbone, comprese sei precedentemente nominate come convenuti. La campagna legale dell'azienda è iniziata a luglio 2019 con cause contro 43 convenuti, seguite da tre cause separate contro 14 convenuti a luglio 2024.
Tra i principali accordi si annoverano intese pre-processuali con AJ Gallagher, DTE e un convenuto CERT alla fine del 2023. L'azienda continua a perseguire la protezione dei propri diritti di proprietà intellettuale attraverso contenziosi in corso.
Birchtech (TSX: BCHT) ha asegurado un acuerdo no exclusivo con un segundo proveedor de energía eléctrica a carbón demandado en su demanda de Arizona presentada en julio de 2024. Esta resolución completa todas las reclamaciones en el caso de Arizona, mientras que las reclamaciones restantes en Iowa y Missouri continúan contra otros demandados en el Distrito Sur de Iowa.
La empresa ha logrado victorias legales significativas, incluyendo un fallo de jurado de $57 millones con un hallazgo unánime de infracción intencional en marzo de 2024. Desde 2019, Birchtech ha alcanzado 10 acuerdos de licencia y/o suministro con utilidades a carbón, incluyendo seis previamente nombradas como demandados. La campaña legal de la empresa comenzó en julio de 2019 con demandas contra 43 demandados, seguidas de tres demandas separadas contra 14 demandados en julio de 2024.
Los acuerdos notables incluyen acuerdos previos al juicio con AJ Gallagher, DTE y un demandado de CERT a finales de 2023. La empresa continúa persiguiendo la protección de sus derechos de propiedad intelectual a través de litigios en curso.
Birchtech (TSX: BCHT)는 2024년 7월에 제기된 애리조나 소송의 두 번째 석탄 화력 발전소 피고와 비독점 계약을 체결했습니다. 이 해결책은 애리조나 사건의 모든 청구를 완료하며, 아이오와와 미주리의 남부 아이오와 지구에서 다른 피고들에 대한 남은 청구는 계속됩니다.
회사는 2024년 3월에 의도적 침해에 대한 만장일치 판결로 5,700만 달러의 배상금을 포함한 중요한 법적 승리를 달성했습니다. 2019년 이후, Birchtech는 석탄 화력 발전소와 10개의 라이센스 및/또는 공급 계약을 체결했으며, 이 중 6개는 이전에 피고로 언급되었습니다. 회사의 법적 캠페인은 2019년 7월 43명의 피고를 상대로 소송을 제기하면서 시작되었고, 2024년 7월에는 14명의 피고를 상대로 한 세 개의 별도 소송이 뒤따랐습니다.
주목할 만한 합의에는 2023년 말 AJ Gallagher, DTE 및 CERT 피고와의 재판 전 합의가 포함됩니다. 회사는 진행 중인 소송을 통해 지적 재산권 보호를 계속 추구하고 있습니다.
Birchtech (TSX: BCHT) a sécurisé un accord non exclusif avec un deuxième fournisseur d'électricité à charbon défendeur dans son procès en Arizona déposé en juillet 2024. Cette résolution complète toutes les réclamations dans l'affaire de l'Arizona, tandis que les réclamations restantes dans l'Iowa et le Missouri se poursuivent contre d'autres défendeurs dans le District Sud de l'Iowa.
La société a obtenu des victoires juridiques significatives, y compris une indemnité de jury de 57 millions de dollars avec une décision unanime de violation intentionnelle en mars 2024. Depuis 2019, Birchtech a conclu 10 accords de licence et/ou de fourniture avec des entreprises de services publics à charbon, dont six précédemment nommées comme défendeurs. La campagne juridique de l'entreprise a débuté en juillet 2019 avec des poursuites contre 43 défendeurs, suivies de trois poursuites distinctes contre 14 défendeurs en juillet 2024.
Parmi les règlements notables figurent des accords préalables au procès avec AJ Gallagher, DTE et un défendeur CERT à la fin de 2023. L'entreprise continue de poursuivre la protection de ses droits de propriété intellectuelle par le biais de litiges en cours.
Birchtech (TSX: BCHT) hat eine nicht-exklusive Vereinbarung mit einem zweiten kohlebetriebenen Energieversorger getroffen, der in seiner Klage in Arizona, die im Juli 2024 eingereicht wurde, als Beklagter aufgeführt ist. Diese Lösung schließt alle Ansprüche im Arizona-Fall ab, während die verbleibenden Ansprüche in Iowa und Missouri gegen andere Beklagte im Southern District of Iowa weiterlaufen.
Das Unternehmen hat bedeutende rechtliche Erfolge erzielt, darunter eine Jury-Auszeichnung von 57 Millionen Dollar mit einem einstimmigen Urteil wegen vorsätzlicher Verletzung im März 2024. Seit 2019 hat Birchtech 10 Lizenz- und/oder Lieferverträge mit kohlebetriebenen Versorgungsunternehmen abgeschlossen, darunter sechs, die zuvor als Beklagte genannt wurden. Die rechtlichen Schritte des Unternehmens begannen im Juli 2019 mit Klagen gegen 43 Beklagte, gefolgt von drei separaten Klagen gegen 14 Beklagte im Juli 2024.
Zu den bemerkenswerten Vergleichen gehören Vorvergleiche mit AJ Gallagher, DTE und einem CERT-Beklagten Ende 2023. Das Unternehmen verfolgt weiterhin den Schutz seiner geistigen Eigentumsrechte durch laufende Rechtsstreitigkeiten.
- Secured new agreement with power utility defendant
- Successfully resolved all claims in Arizona lawsuit
- $57 million jury award with unanimous finding of willful infringement
- Achieved 10 license/supply agreements with coal-fired utilities since 2019
- Strong legal precedent established for patent protection
- Ongoing litigation costs and uncertainties with remaining defendants
- Terms of new agreement cannot be disclosed due to confidentiality
CORSICANA, TX, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT) ("Birchtech" or the "Company"), a leader in specialty activated carbon technologies for sustainable air and water treatment, today announced a non-exclusive agreement with a second coal-fired power utility named as a defendant in the Company’s lawsuit filed in Arizona, which was previously announced on July 30, 2024. Due to confidentiality agreements and ongoing litigation, the specific terms of this agreement cannot be publicly disclosed.
Having now resolved all claims against the two group of defendants filed in the Arizona lawsuit, the remaining claims filed in Iowa and Missouri will continue against other defendants and have been consolidated and centralized in the Southern District of Iowa.
“This second agreement reinforces the industry’s strong acceptance of our patented technologies, while concurrently fortifying our balance sheet for the benefit of our shareholders,” said Richard MacPherson, CEO of Birchtech. “We are happy to have reached a positive business outcome with this utility, which has and will continue to benefit from our patented technologies for a number of years.
“Our outreach across the industry continues, including ongoing discussions with other defendants named in our recent lawsuits. We fully expect to enter license agreements and/or supply contracts with many of these utilities. The legal precedent established by the unanimous jury verdict of willful infringement issued in March 2024 in Federal Court has established a standard for acceptance of our position as it relates to our patented technologies. We look forward to engaging in positive business relationships with these power utilities as we seek to create sustainable, long-term value for our shareholders.”
Since filing an initial lawsuit in July 2019 against 43 defendants that included four major power utilities and numerous refined coal companies, Birchtech successfully obtained a pre-trial settlement with defendants AJ Gallagher, DTE, and a CERT Defendant in late 2023. Following the jury trial in the U.S. District Court of Delaware with the remaining CERT Defendants, the Company was awarded a
Since 2019, the Company has reached 10 license and/or supply agreements with coal-fired utilities, including six coal-fired utilities previously named as defendants in the 2019 and 2024 lawsuit filings. Additional lawsuits remain outstanding as the Company seeks to protect its intellectual property on behalf of shareholders, and the Company awaits the final judgment to be issued from the March 2024 District Court of Delaware jury trial.
About Birchtech Corp.
Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT) is a leader in specialty activated carbon technologies, delivering innovative solutions for air and water purification to support a cleaner, more sustainable future. The Company provides patented SEA® sorbent technologies for mercury emissions capture for the coal-fired utility sector and is developing disruptive water purification technologies with a specialization on forever chemicals such as PFAS and PFOS. Backed by a strong intellectual property portfolio and a world-class team of activated carbon experts, Birchtech provides cleaner air to North American communities and is applying this expertise to a novel approach in water purification. To learn more, please visit www.birchtech.com.
Safe Harbor Statement
With the exception of historical information contained in this press release, content herein may contain "forward-looking statements" that are made pursuant to the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995 or forward-looking information under applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements are generally identified by using words such as "anticipate," "believe," "plan," "expect," "intend," "will," and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements in this release include statements relating to expected developments and growth in Birchtech’s business. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. In addition, this release contains time-sensitive information that reflects management’s best analysis only as of the date of this release. Birchtech does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance or other forward-looking statements contained in this release can be found in Birchtech’s periodic filings with the Securities and Exchange Commission or Canadian securities regulators.
Investor Relations Contact:
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
(949) 259-4987
BCHT@mzgroup.us
www.mzgroup.us
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