iHub News
2月前
“New growth phase: Clean water technologies, nuclear-grade resins, and a stronger balance sheet”April 16, 2026 7:05 AM
IH Market News
Growing regulatory pressure, aging infrastructure, and rising demand for ultra-clean water are reshaping the environmental technology landscape, particularly across power generation, municipal utilities, and industrial wastewater treatment.At the centre of this shift is a niche but increasingly critical field focused on advanced purification media — including specialty activated carbon and high-purity ion exchange resins — designed to remove harmful contaminants and “forever chemicals” such as per- and polyfluoroalkyl substances (PFAS), heavy metals, and radioactive byproducts. As utilities seek reliable domestic supply, faster lead times, and performance they can validate under stringent standards, companies operating at the intersection of clean water, sustainability, and critical infrastructure are moving from pilot programs into scaled commercialization. This article explores how recent financial momentum, new product launches, and strategic positioning across regulated end markets are shaping an emerging growth story within this evolving sector.Birchtech (TSX:BCHT) (AMEX:BCHT) is emerging as a differentiated environmental technology company focused on specialty activated carbon and advanced water purification media for sustainable air and water treatment. With growing regulatory pressure on utilities, heightened concern around PFAS and heavy metals, and increasing scrutiny of nuclear and industrial water quality, Birchtech is positioning itself at the intersection of mission-critical infrastructure and environmental compliance — a combination that continues to attract both strategic customers and investor attention.The company’s fourth quarter and full-year 2025 results paint a picture of a business in transition: one that is sharpening its focus on recurring product revenues, expanding its addressable market with new technologies, and strengthening its balance sheet to support the next phase of growth.
Balance sheet strength and market visibility enhanced by NYSE American uplisting
One of the most consequential developments for Birchtech shareholders occurred subsequent to year-end. In February 2026, the company successfully uplisted to the NYSE American, completing a concurrent public offering that raised approximately $16.6 million in gross proceeds, including a partial exercise of the underwriters’ over-allotment option.The transaction meaningfully strengthened Birchtech’s balance sheet, providing ample liquidity to fund commercialization initiatives, expand customer engagement, and pursue strategic opportunities across its air and water treatment platforms. The uplisting also broadens the company’s investor base and improves trading liquidity, an important milestone for a company moving into a more visible phase of execution.
A transformational legal victory with significant upside optionality
Birchtech also achieved a landmark legal outcome during the period. The company obtained a final judgment of approximately $78 million from the U.S. District Court for the District of Delaware in its patent infringement case — an increase from the original $57 million unanimous jury verdict.While the defendants have filed an appeal, Birchtech has initiated the collection process and is actively pursuing enforcement options. For investors, this judgment represents asymmetric upside optionality that is not currently reflected in operating revenues, while also reinforcing the intrinsic value of Birchtech’s proprietary technologies.
Growing momentum in water treatment commercialization
A major business focus for Birchtech is the expansion of its water treatment solutions business — and 2025 marked tangible progress toward commercialization.During the quarter, the company announced the receipt of approximately $0.9 million in purchase orders from a large mid-Atlantic power utility for filtration system media replacement services at two locations. These orders mark the transition from pilot and validation work into revenue-generating deployments.In parallel, Birchtech successfully demonstrated that its thermally rejuvenated granular activated carbon (GAC) performs comparably to virgin carbon in the removal of PFAS, a class of contaminants increasingly regulated across North America. This capability is particularly compelling for regulated municipal utilities seeking cost-effective, sustainable alternatives without sacrificing performance.Further expanding its go-to-market capabilities, Birchtech announced a collaboration with Civil & Environmental Consultants (CEC), a national engineering firm with hundreds of water-utility clients. Through this partnership, Birchtech will offer RSSCT testing, creating a new business development channel and embedding the company earlier in customers’ decision-making processes.
(Stock image generated with AI.)
Entering a new market with the launch of SEA-IX ion exchange resins
In early 2026, Birchtech expanded its water treatment platform further with the launch of SEA-IX, a new line of nuclear-grade ion exchange resins. The product line marks the company’s entry into the complementary high-purity ion exchange resin market — one characterized by high-performance requirements, long qualification cycles, and concentrated supplier share.SEA-IX includes a full suite of strong acid cation (SAC), strong base anion (SBA), and mixed bed resins, engineered for the ultra-pure water systems required by nuclear power plants. These same specifications also make the resins well-suited for coal-fired power plants, industrial wastewater applications, and municipal water treatment facilities, representing an estimated $185 million to $255 million in annual ion exchange resin spend across North America.Crucially, Birchtech distributes SEA-IX from a U.S.-based hub, offering shorter lead times and more dependable supply in a market where two suppliers control roughly 70 per cent of global share. The company already has an initial repeated supply relationship with a large coal-fired power plant, with approximately $1 million in purchase orders secured to date, including a $0.4 million order received in March 2026.Management reports that early customers have seen improved process throughput using less material compared to competitive resins, with profit margins consistent with Birchtech’s existing product portfolio.
Financial results reflect a business rebalancing toward products and scale
For the fourth quarter of 2025, Birchtech reported $3.8 million in total revenues, compared to $5.6 million in the prior-year period. The year-over-year decline was primarily attributable to a one-time $2.5 million licensing payment recorded in Q4 2024.Importantly, product revenues increased 19.8 per cent to $3.6 million, demonstrating underlying growth in core offerings. Gross profit totaled $1.2 million (31 per cent of revenue), reflecting the absence of the unusually high-margin licensing income recorded in the prior year.Cost discipline was evident, with SG&A expenses declining 42 per cent year over year due primarily to lower legal fees following the patent litigation. The company also increased R&D spending to $0.5 million, focused on new sorbent technologies that support future product launches.Birchtech reported a net loss of $0.6 million, or $0.03 per share, and Adjusted EBITDA of ($1.1) million for the quarter. With the post-quarter capital raise, Birchtech now enters 2026 with a strengthened liquidity position and no debt.“The priorities ahead are clear: collect on our $78 million judgment, grow the roster of licensed utilities purchasing our activated carbon, continue expanding our water treatment solutions for smaller water utilities, and scale carbon rejuvenation toward the construction of our first facility,” company president and CEO, Richard MacPherson explained in a media release. “With a fortified balance sheet, an NYSE American listing driving broader investor access, and two business lines building on each other, we are positioned to deliver sustained growth and long-term value for shareholders.”CEO MacPherson elaborated on this even further in an exclusive interview with The Market Online’s Ricki Lee on “The Watchlist”, which you can watch in full by clicking the video above.
A platform positioned for regulatory tailwinds and infrastructure spend
Taken together, Birchtech’s expanding product suite — spanning activated carbon, ion exchange resins, analytical services, and turnkey water treatment solutions — positions the company as a comprehensive provider of advanced purification technologies. The focus on regulated end markets such as power generation and municipal water utilities provides both durability and visibility, while the emphasis on sustainability and domestic supply aligns closely with long-term policy and infrastructure investment trends.As CEO MacPherson noted, the SEA-IX launch brings a domestically stocked, high-quality alternative to a market facing supply constraints and long lead times — a value proposition resonating strongly with operators.
(Stock image generated with AI.)
Investor’s corner
Birchtech Corp. is transitioning from a technology-centric specialist into a scaled, commercial environmental solutions provider with multiple growth vectors. A fortified balance sheet, a potentially transformational legal judgment, accelerating water treatment commercialization, and expansion into a concentrated, high-margin resin market together create a compelling risk-reward profile. For investors seeking exposure to clean water, environmental regulation, and mission-critical infrastructure — with both operational execution and embedded optionality — Birchtech offers a story that warrants closer due diligence as the next chapter of growth unfolds.
Original: “New growth phase: Clean water technologies, nuclear-grade resins, and a stronger balance sheet”
Plato_
5月前
BIRCHTECH COMMENCES ENFORCEMENT OF $78 MILLION JUDGMENT PAYMENT
February 02 2026 - 8:31AM GlobeNewswireBirchtech Corp. (TSX: BCHT) (OTCQB: BCHT) (“Birchtech” or the “Company”), a leader in specialty activated carbon technologies for sustainable air and water treatment, today announced that on February 2, 2026, Birchtech formally requested payment of its $78 million judgment against the CERT entities in its Delaware litigation.
On December 29, 2025, the U.S. District Court of Delaware issued a final judgment of $78 million against the “CERT” Defendants following the jury trial in March 2024, which concluded with a verdict that included a unanimous finding against the Defendants of willful infringement, along with inducing and contributory infringement. Pursuant to Federal Rule 62(a), the 30-day stay of execution from the issuance of the final judgment has lapsed and the Company may begin immediate enforcement of its judgment.
On January 28, 2026, CERT filed a notice of appeal and CERT is still permitted to seek a bonded stay to prevent execution of the judgment pending its appeal. If CERT does seek this protection, it will need to provide a bond or other security to ensure that the judgment is collectable. CERT's failure to request a bonded stay during the 30-day period of the automatic stay means that Birchtech is free to seek payment of the full judgment amount unless a Court approves CERT's bond or other security. Interest on the $78 million judgment amount continues to accrue during the appeal period.
Richard MacPherson, CEO of Birchtech, said: “Birchtech intends to vigorously pursue its enforcement options (including discovery of assets, seizures, liens, garnishments, and clawbacks, if necessary) to receive full payment as expeditiously as possible.”
About Birchtech Corp.
Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT) is a provider of 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 team of activated carbon experts, Birchtech provides cleaner air to North American communities and is applying this expertise to an innovative 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 regarding the enforcement of the Company’s judgment, the appeal process, and the timing, amount or likelihood of any potential recovery. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances, including the outcome of the appeal, whether the defendants obtain and maintain a bonded stay, and the defendants’ ability or willingness to satisfy the judgment. There can be no assurance regarding the timing and amount of any recovery while the appeal is pending, or that the Company will ultimately be successful in the appeal process. Actual results may differ materially from those expressed or implied.
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 https://www.otcmarkets.com/stock/BCHT/overview
OTCQB Venture Market: BCHT
Enterprising Investor
2年前
ME2C Environmental Files Patent Infringement Lawsuits Against 14 Defendants Including Major Power Utility Companies (7/30/24)
Suit Seeks Injunction and Damages from Unlicensed Users of Patent-Protected Mercury Emissions Technologies
Corsicana, Texas--(Newsfile Corp. - July 30, 2024) - Midwest Energy Emissions Corp. (TSXV: MEEC) (OTCQB: MEEC) ("ME2C Environmental "), a leading environmental technologies firm today announced it has filed patent infringement against 14 defendants, including major coal-fired power utilities, in U.S. District Courts in Arizona, Iowa, and Missouri. The lawsuits claim that the defendants knowingly violated patent rights related to ME2C Environmental's mercury emissions reduction technologies, commercially known as "SEA® (Sorbent Enhancement Additive) Technologies."
The companies named in the Arizona filing include Tucson Electric Power Co., San Carlos Resources, Inc., Salt River Project Agricultural Improvement and Power District, Tri-State Generation and Transmission Association, Inc., Springerville Unit 3 Holding LLC, and Springerville Unit 3 Partnership LP. The lawsuit filed in the U.S. District Court for the Southern District of Iowa includes Berkshire Hathaway Energy Company, MidAmerican Energy Company, PacifiCorp, Alliant Energy Corporation, Interstate Power and Light Company, and Wisconsin Power and Light Company. The suit filed in U.S. District Court for the Eastern District of Missouri includes Ameren Corp. and Union Electric Co. In each lawsuit, ME2C Environmental requests a trial by jury against the defendants and seeks damages, costs, and legal expenses, along with a finding of willful infringement by the defendants, and an injunction prohibiting the defendants from further acts of infringement.
"ME2C Environmental has created some of the most efficient and effective technologies available to reduce mercury emissions in the energy generation process," said Richard McPherson, CEO of ME2C Environmental. "We were forced to file suits against these 14 defendants because they continue to benefit from our patented technologies without a license to do so. Our primary interest is to find a way to create a positive business partnership with these companies."
"Since we began in 2008, we have been steadfast in efforts to commercialize our patented and innovative, highly efficient approach for mercury capture across the U.S. coal fleet. We continue to work collaboratively with our utility customers to improve their overall emissions control process and operations. We are confident that the actions being announced today will further reinforce the protection of our patented technologies, an effort that began in 2019 with the commencement of a lawsuit against various utilities and others. We expect that the strength of our successful arguments against the unlicensed use of our patented technologies will culminate in a successful business outcome with these additional named parties," concluded MacPherson.
Prior to these lawsuits announced today, ME2C Environmental achieved a successful outcome in a five-year patent infringement lawsuit initiated in 2019 against 43 defendants that included four major power utilities and numerous refined coal companies. In late 2023, ME2C Environmental obtained a pre-trial settlement with defendants AJ Gallagher, DTE, and a CERT Defendant. In March 2024, following trial in the U.S. District Court of Delaware with the remaining CERT Defendants, ME2C Environmental was awarded $57 Million following a jury trial with a unanimous finding of willful infringement, along with inducing and contributory infringement.
About ME2C® Environmental
Midwest Energy Emissions Corp. (TSXV: MEEC) (OTCQB: MEEC), operating under the trade name of ME2C Environmental, is a prominent environmental technologies company focused on providing innovative technologies to promote cleaner air and water with smart business solutions. From patented and proprietary mercury emissions capture technologies for the global power industry, this unique expertise now extends to WE2C Environmental, a division of ME2C Environmental focused on PFAS/PFOS removal from potable water. Through WE2C Environmental, new innovative water purification technologies are under development and expected to meet the growing demand for sustainable water solutions worldwide. Learn more at www.me2cenvironmental.com and www.we2cenvironmental.com.
https://ir.me2cenvironmental.com/press-releases/detail/672/me2c-environmental-files-patent-infringement-lawsuits
Enterprising Investor
2年前
ME2C Environmental Issues Statement on Patent Litigation Win (3/04/24)
Jury Awards ME2C Environmental $57 Million for Patent Infringement
Corsicana, TX, March 4, 2024- Midwest Energy Emissions Corp. (TSXV:MEEC) (OTCQB: MEEC) ("ME2C Environmental " or the "Company"), a leading environmental technologies firm, announced today that a federal jury in the U.S. District Court for the District of Delaware has awarded a $57 million patent infringement verdict in favor of the Company against the remaining group of defendants in the Company’s patent infringement lawsuit which commenced in 2019 with patent attorneys, Caldwell Cassady Curry LLP.
The Company stated that the jury awarded separate amounts totaling $57 million against a group of affiliated defendants that included multiple limited liability companies with refined coal industry operations, including CERT Operations II LLC, CERT Operations IV LLC, CERT Operations V LLC, and CERT Operations RCB LLC. The jury determined that these defendants infringed the Company’s patented technologies for mercury emissions and were liable for willful infringement, along with inducing and contributory infringement.
The Company had previously announced in November 2023 that it had entered into a settlement with two other groups of defendants, Arthur J. Gallagher & Co. and DTE Energy Resources LLC, and various of their respective affiliated entities, leaving the CERT defendants as the remaining parties to the litigation.
“We are thrilled to see the jury recognize the value of our intellectual property with this unanimous jury verdict, which is a clear vindication of the strength of our patented technologies” said Richard MacPherson, Chief Executive Officer of ME2C Environmental. “This verdict is an important outcome in protecting our market position in mercury emissions at coal-fired power plants against infringing entities and falls on the heels of the previous settlement reached with the Arthur J. Gallagher and DTE Energy group of defendants in November 2023.”
About ME2C® Environmental
ME2C Environmental is a leading environmental technologies company developing and delivering patented and proprietary solutions to the global power industry. ME2C’s leading-edge mercury emissions technologies and 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/.
Amigo Mike
5年前
ME2C® Environmental Secures New License Agreement of its Patented Technology with Another Midwest Utility
ME2C to Receive Lump Sum Licensing Payment with Potential for Ongoing Product Supply
CORSICANA, TX, Nov. 30, 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 plants. 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 includes a one-time sum to be paid to ME2C Environmental for use of the Company’s patented processes for mercury emissions capture. The agreement also provides ME2C Environmental the opportunity to compete for the utility’s product supply going forward.
“Beginning a new relationship with yet another new licensee marks exciting progress for our Company and further adds to the strength of our core business,” said Richard MacPherson, CEO of ME2C Environmental. “Through our recent outreach across the U.S. coal-fired fleet, supported by our IP law firm, Caldwell, Cassady & Curry, our license claims for our patented process of mercury capture are being increasingly validated by the U.S. power industry. Importantly, this utility provides ME2C Environmental the opportunity to compete for the utility’s product supply going forward once their current contract expires and we look forward to providing additional operational benefits and efficiencies to this utility.”
“We believe that our proprietary SEA® technology is unmatched in comparison to alternative mercury capture approaches within the coal-fired industry. In tandem with the other licensing and supply agreements we have secured over the last year, ME2C has a strong foundation in our core mercury emissions capture vertical that we expect will support a growing revenue base and build continued momentum in our business going forward,” 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
Amigo Mike
5年前
Successful Patent Portfolio Monetization Efforts Drive 78% Year-Over-Year Revenue Growth
CORSICANA, TX, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME2C Environmental" or the “Company”), a leading environmental technologies firm, has reported financial results for the third quarter ended September 30, 2021.
Third Quarter and Subsequent Operational Highlights
Grew revenue 78% to $5.0 million in the third quarter of 2021 compared to the prior year period.
Signed license agreement with one utility in the Midwest U.S. to provide a non-exclusive license to certain ME2C patents for use in connection with the utility’s coal-fired power plant.
Secured new multi-year supply business with current utility licensee with an expected multi-million-dollar annual value.
Completed Phase 1 testing of the Company’s Rare Earth Element (REE) Technology with Pennsylvania State University’s College of Earth and Mineral Sciences, confirming an 80-90% efficiency rate in extracting select REEs. Based on the strong results from this phase of testing, the Company is moving into a second phase of testing with Penn State University during the fourth quarter, as well as field-trial testing expected to begin in early 2022.
Received approval from District Judge of the U.S. District Court in Delaware of the adoption of the report and recommendation of the Magistrate Judge to allow the Company to proceed with litigation claims against certain refined coal entities as named in the 2019 lawsuit – providing exciting forward momentum in the Company’s significant lawsuit to rightfully protect its patented technology for mercury emissions capture.
Management Commentary
“Our efforts over the last year to monetize our patented technologies began to materialize in the third quarter of 2021, as we achieved our highest revenue quarter in over three years,” said Richard MacPherson, President & Chief Executive Officer of ME2C Environmental. “The multi-year supply contract we announced in July validated our ability to add significant incremental supply business with an existing technology licensee, which is driven by the competitive advantages of our SEA® technology and our business-first approach to defending our IP position. We continued to execute on this strategy by recently securing an additional licensing contract with a utility – building the foundation for sustained organic growth well into 2022 and beyond.”
“We are making significant progress with our litigation proceedings against entities that have participated in the decade-long refined coal tax program, which is set to expire in December 2021. Due to the superiority of our SEA® two-part process for mercury emissions capture and generating operational efficiencies for these power plants, we believe ME2C is uniquely positioned to provide a natural replacement for the refined coal product supply upon the tax program’s conclusion. Given the strength in the broader coal-fired market, we anticipate that this transition will create a significant increase in demand for the supply of our sorbent product. As a result, we are now commissioning our batch plant into operation, which has the capacity to support up to $100 million in annual product supply revenues,” concluded MacPherson.
Third Quarter 2021 Financial Summary
Total revenue in the third quarter of 2021 totaled $5.0 million, an increase of 78% as compared to $2.8 million in the same year-ago quarter. The increase in revenue was primarily driven by increased sorbent product sales due to increased supply demands in the coal-fired market as well as expansion of the Company’s one customer base.
Total costs and expenses in the third quarter of 2021 totaled $5.2 million, as compared to $3.9 million in the same year-ago quarter. The increase in costs and expenses was mainly attributable to the increase in cost of sales principally due to the increase in sales. Loss in the third quarter of 2021 totaled $207,000, or $(0.00) per basic and diluted share, as compared to a net loss of $1.1 million, or $(0.01) per basic and diluted share, in the same year-ago quarter. The decrease was primarily due to increased sales and improved margin on such sales.
Adjusted EBITDA in the third quarter of 2021 was approximately $562,000 as compared to $24,000 in the same year-ago quarter.
Cash at end of the third quarter was 47% higher at $866K than cash at December 31, 2020.
The Company has shown quarter over quarter growth through 2021 compared to the prior year periods and expects to see strong continued growth moving through the fourth quarter.
Q3 2021 Conference Call and Webcast
Management will host a conference call today, November 15, 2021, at 4:30 PM Eastern Time to discuss ME2C Environmental’s third quarter 2021 results, provide a corporate update and conclude with a Q&A from participants. To participate, please use the following information:
Date: Monday, November 15, 2021
Time: 4:30 PM Eastern time (1:30 PM Pacific time)
Dial-in 1-877-407-0789
International Dial-in 1-201-689-8562
Conference Code:13724490
Webcast: MEEC Q3 2021 Earnings Webcast
Please dial in at least 10 minutes before the start of the call to ensure timely participation.
A playback of the call will be available through December 15, 2021. To listen, call 1-844-512-2921 within the United States or 1-412-317-6671 when calling internationally and enter replay pin number 13724490. The replay can also be viewed through the webinar webcast link above.
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 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/.
Use of Non-GAAP Financial Measures
To provide investors with additional information regarding our financial results, this press release includes references to Adjusted EBITDA, a Non-GAAP financial measure. We view Adjusted EBITDA as an operating performance measure and, as such, we believe that the GAAP financial measure most directly comparable to it is net income (loss). We define Adjusted EBITDA as net income adjusted for interest and financing fees, income taxes, depreciation, amortization, stock-based compensation, and other non-cash income and expenses. We believe that Adjusted EBITDA provides us an important measure of operating performance. Our use of Adjusted EBITDA has limitations as an analytical tool, and this measure should not be considered in isolation or as a substitute for an analysis of our results as reported under GAAP, as the excluded items may have significant effects on our operating results and financial condition. Additionally, our measure of Adjusted EBITDA may differ from other companies’ measure of Adjusted EBITDA. When evaluating our performance, Adjusted EBITDA should be considered with other financial performance measures, including various cash flow metrics, net income, and other GAAP results. In the future, we may disclose different non-GAAP financial measures in order to help our investors and others more meaningfully evaluate and compare our future results of operations to our previously reported results of operations.
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
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