ME2C® Environmental Announces Court Approval to Proceed with Litigation Claims Against Refined Coal Entities
Midwest Energy Emissions Corp. (OTCQB: MEEC) announced that a U.S. District Court in Delaware has allowed its patent litigation against 16 refined coal process defendants to proceed. This decision follows the company's assertion of patent infringement related to its mercury capture technologies. CEO Richard MacPherson expressed confidence in the legal outcome and highlighted successful litigation against major utility defendants. The company is also focusing on strengthening its balance sheet, reducing debt, and exploring new growth opportunities in emissions solutions.
- U.S. District Court allows litigation to proceed, indicating potential for a favorable ruling.
- Successful litigation outcomes against major utility defendants enhance credibility.
- Focus on strengthening the balance sheet and reducing debt may stabilize financial health.
- None.
Response from the U.S District Court in Delaware Allows Litigation Proceedings to Move Forward
CORSICANA, TX, May 25, 2021 (GLOBE NEWSWIRE) -- Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME2C Environmental" or the “Company”), a leading environmental technologies firm, announced today that on May 20, 2021, a U.S. District Court Magistrate Judge for the District of Delaware issued a Report and Recommendation that the pending patent litigation commenced in 2019 should be allowed to move forward against 16 key refined coal process defendants named in such lawsuit.
“We are extremely pleased with the Court’s recommendation against those entities whom we believe have been infringing on our patented mercury capture technologies since the inception of the refined coal program,” said Richard MacPherson, CEO of ME2C Environmental. “The defendants in this case tried unsuccessfully to shut this case down altogether and deny us our day in court at trial but have failed.”
“Coupled with the success we have already achieved in the patent litigation with each of the four major utility defendants named in such lawsuit, the strategic enhancements that ME2C Environmental has made in other areas of our business – from strengthening our balance sheet to removing debt and developing new technologies for vertical growth markets – allows our shareholders to finally realize the true value of our patented technologies,” concluded MacPherson.
For more information about the refined coal program, please visit https://ir.me2cenvironmental.com/industry-links.
About ME2C® Environmental
ME2C Environmental (OTCQB: MEEC) is a leading environmental technologies company developing and delivering patented and proprietary emissions 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 other used methods, while maintaining and/or increasing power plant output and preserving the marketability of by-products 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
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