Welcome to our dedicated page for MIDWEST ENERGY EMISSION news (Ticker: MEEC), a resource for investors and traders seeking the latest updates and insights on MIDWEST ENERGY EMISSION stock.
MIDWEST ENERGY EMISSION (MEEC) provides cutting-edge environmental solutions through patented mercury capture systems and PFAS removal technologies. This news hub offers investors and industry professionals timely updates on regulatory compliance advancements, technology deployments, and strategic partnerships shaping the environmental services sector.
Access official press releases covering earnings reports, sorbent technology innovations, and WE2C Environmental division developments. Our curated collection helps stakeholders track MEEC's progress in delivering cost-effective solutions for coal-fired utilities and water treatment facilities.
Discover updates on mercury emission control systems maintaining operational efficiency, plus breakthroughs in removing hazardous contaminants from drinking water. The archive includes regulatory compliance milestones, patent approvals, and cross-industry collaborations driving sustainable industrial practices.
Bookmark this page for direct access to MEEC's latest environmental technology announcements. Stay informed about developments impacting energy producers and water utilities navigating complex compliance requirements through our verified news stream.
Midwest Energy Emissions Corp. (OTCQB: MEEC) announced a five-year licensing agreement with a Southwest utility to utilize its patented Sorbent Enhancement Additive (SEA®) technology for mercury emissions control in coal-fired power plants. This contract includes annual payments and positions MEEC as a vital partner in addressing upcoming stricter EPA regulations. The agreement marks the seventh new licensee since 2020, reflecting MEEC's successful outreach in the coal-fired utility market. The company anticipates future opportunities for product supply, enhancing its portfolio further.
Midwest Energy Emissions Corp. (MEEC) reported a strong financial performance for Q3 2022, with a revenue increase of approximately 50% year-over-year to $7.5 million. The company achieved a positive net income of $569,000, a significant turnaround from a net loss in the prior year. MEEC's cash position stands at $1.3 million with working capital of $2.2 million. The deferral of major debts has alleviated concerns about its ongoing operations. The revenue outlook for FY22 is positive, with total revenue reaching $16 million for the first nine months.
Midwest Energy Emissions Corp. (OTCQB: MEEC) will host an investor conference call and live webcast on November 14, 2022, at 4:30 PM ET to discuss its financial results. A press release detailing these results will be issued beforehand. Participants can dial in using 1-888-396-8064 or for international calls 1-416-764-8649 and use conference code 41283431. A playback will be available until December 14, 2022. MEEC focuses on environmental technologies to reduce emissions for the power industry.
Midwest Energy Emissions Corp. (OTCQB: MEEC) announced that its CEO, Richard MacPherson, will present at the Q4 Investor Summit in New York on November 14, 2022, at 11:00 a.m. ET. The conference will also be conducted virtually on November 15, 2022. Attendees can register for the event and request one-on-one meetings through the conference website. The Investor Summit connects smallcap and microcap companies with investors, featuring over 50 participating companies.
Midwest Energy Emissions Corp. (OTCQB: MEEC) has secured an agreement to extend its debt maturity until August 25, 2025. This includes an unsecured note of approximately $13.2M and a secured note of $270,000. The interest on the secured note has been reduced from 15.0% to 9.0% per annum. Additionally, MEEC has negotiated a stock buyback option at $0.50 per share. This restructuring aims to support growth strategies and manage ongoing IP litigation while reinforcing the company's financial position.
Midwest Energy Emissions Corp. (OTCQB: MEEC) reported a 125% increase in Q2 revenue to $5.13 million compared to $2.27 million in Q2 2021. The company achieved a positive Adjusted EBITDA of $468,000, a turnaround from a loss of $314,000 in the prior year. Revenue outlook for FY22 is reaffirmed, with a 60% year-over-year increase to $8.47 million for the first half of 2022. MEEC entered a licensing agreement with a large Midwest utility, promising annual payments. The company also sees progress in litigation and is developing new technology for rare earth element processing.
Midwest Energy Emissions Corp. (MEEC) has entered a three-year license agreement with a Midwest utility, granting a non-exclusive license for its patented mercury removal technology at coal-fired power plants. The agreement includes an annual payment for the patented processes, along with the opportunity to compete for future product supply. CEO Richard MacPherson highlighted the growing validation of their technology and expressed optimism for increasing license partners over the next year, aiming for substantial growth in their mercury emissions capture business.
