ME2C® Environmental Secures New Supply Business Valued at $2M+ Annually

Rhea-AI Summary

Midwest Energy Emissions Corp. (OTCQB: MEEC) has secured a multi-year supply agreement with a major Southwest U.S. utility to provide its patented Sorbent Enhancement Additive (SEA®) technology for mercury emissions capture. This contract, acquired through a competitive bidding process, is valued at a minimum of $2 million annually. MEEC's CEO emphasized that this win reflects the company’s strong performance and recognition in mercury emissions management. The SEA® technology offers utilities operational support and a license for its use.

Positive

• Secured multi-year supply agreement valued at a minimum of $2 million per year.
• Won contract through competitive bidding process, demonstrating industry recognition.
• Patented SEA® technology shows superior performance in mercury emissions capture.

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• None.

Company to Receive Multi-Year Business Based on License to Operate SEA^® Process

CORSICANA, TX, March 01, 2021 (GLOBE NEWSWIRE) -- Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME₂C Environmental" or the “Company”), a leading environmental technologies firm, today announced that the Company has secured multi-year supply business with a large utility located in the Southwest region of the U.S. to provide its patented two-part Sorbent Enhancement Additive (SEA^®) technology for mercury emissions capture. The new supply business for the Company was achieved through a competitive bid process and has a minimum expected value of $2 million per year.

“Our patented technologies for mercury emissions capture continue to show superior performance throughout the industry, in addition to our proven operational expertise in balance of plant efficiencies,” said Richard MacPherson, President and Chief Executive Officer. “Through a competitive bid process, this new supply business that we have secured with a current customer not only reflects our solid capabilities in the area of mercury emissions but also conveys industry recognition of our patented SEA^® technologies. 

“Any utility working with us directly receives a license to operate the patented SEA^® technology and gains the full support of our expertise in operations and R&D”, 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 Environmental’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 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 MEEC's new contract with a Southwest utility?

MEEC's new contract is significant as it secures a multi-year supply agreement valued at a minimum of $2 million annually for its SEA® technology, highlighting its competitive position in the market.

How much is the new supply business expected to generate for MEEC?

The new supply business is expected to generate a minimum of $2 million per year for Midwest Energy Emissions Corp.

What technology is MEEC providing to the utility?

MEEC is providing its patented Sorbent Enhancement Additive (SEA®) technology for mercury emissions capture.

How did MEEC win the supply agreement?

MEEC won the supply agreement through a competitive bid process, demonstrating its capabilities in emissions management.