ME2C® Environmental Announces a New License Agreement of its Patented Technology with a Midwest Utility

Rhea-AI Summary

Midwest Energy Emissions Corp. (OTCQB: MEEC) has secured a five-year licensing agreement with a Midwest utility for its patented Sorbent Enhancement Additive (SEA®) technology aimed at mercury removal from coal-fired power plants. The deal includes annual fees for the license and potential future product supply considerations. CEO Richard MacPherson expressed optimism regarding the partnership, highlighting its significance for the utility's operations and MEEC's technology value.

Positive

• Five-year license agreement with a Midwest utility enhances revenue potential.
• Annual payments for the use of patented mercury removal technology.
• Opportunity for future product supply bid after current contract expiration.

Negative

• None.

CORSICANA, TX, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME₂C Environmental" or the “Company”), a leading environmental technologies firm, announced the signing of a five-year, license agreement with a utility in the Midwest to provide a non-exclusive license to certain ME₂C patents for use in connection with the utility’s coal-fired power plant. The licensed patents relate to ME₂C’s two-part Sorbent Enhancement Additive (SEA^®) process for mercury removal from coal-fired power plants.

The five-year license agreement term includes an annual sum to be paid to ME₂C Environmental for use of the Company’s patented processes for mercury emissions capture. Additionally, the utility will consider ME₂C Environmental’s product supply bid upon expiration of the utility’s existing supply contract.

“We are pleased to begin a new relationship with this utility, which we expect to grow in the years to come,” stated Richard MacPherson, CEO of ME₂C Environmental. “The license agreement is a testament to this utility’s recognition of our patent position and the significant value that these technologies will continue to provide to their coal-fired operations. We look forward to working with this utility as a full-service business partner, which we believe will provide even greater benefit and optimization to their current operations,” concluded MacPherson.

About ME₂C^® Environmental

ME₂C Environmental (OTCQB: MEEC) is a leading environmental technologies company developing and delivering patented and proprietary solutions to the global power industry. ME₂C’s leading-edge services have been shown to achieve emissions removal at a significantly lower cost and with less operational impact than currently used methods, while maintaining and/or increasing power plant output and preserving the marketability of byproducts for beneficial use. ME₂C Environmental is a trade name of Midwest Energy Emissions Corp. For more information, please visit http://www.me2cenvironmental.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 Private Securities Litigation Reform Act of 1995. 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. 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. Matters that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the gain or loss of a major customer, change in environmental regulations, disruption in supply of materials, capacity factor fluctuations of power plant operations and power demands, a significant change in general economic conditions in any of the regions where our customer utilities might experience significant changes in electric demand, a significant disruption in the supply of coal to our customer units, the loss of key management personnel, availability of capital and any major litigation regarding ME₂C Environmental. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. ME₂C Environmental 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 related to forward-looking statements contained in this release can be found in ME₂C Environmental’s periodic filings with the Securities and Exchange Commission.

ME₂C Environmental Contact:
Stacey Hyatt
Corporate Communications
ME₂C Environmental
Main: 614-505-6115 x-1001
Direct: 404-226-4217
shyatt@me2cenvironmental.com

Investor Relations Contact:
Greg Falesnik or Brooks Hamilton
MZ Group - MZ North America
949-546-6326
MEEC@mzgroup.us
www.mzgroup.us

FAQ

What is the significance of the licensing agreement with the Midwest utility for MEEC?

The licensing agreement allows MEEC to receive annual payments for its patented mercury removal technology, enhancing revenue and establishing a long-term relationship with the utility.

How long is the licensing agreement between MEEC and the utility?

The licensing agreement is for a duration of five years.

What technology is MEEC providing to the utility?

MEEC is providing its Sorbent Enhancement Additive (SEA®) technology, which is designed for mercury emissions capture in coal-fired power plants.

Will MEEC have future opportunities with the utility?

Yes, the utility will consider MEEC's product supply bid upon the expiration of its existing supply contract.

What is the stock symbol for Midwest Energy Emissions Corp?

The stock symbol for Midwest Energy Emissions Corp is MEEC.