LEWIS CENTER, OH -- (Marketwired) -- 04/25/18 -- Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME2C" or the "Company"), a leader in mercury emissions control in North America, has secured another order from its previously announced Canadian customer to install its proprietary Sorbent Enhancement Additive (SEA™) Technology at another one of their large power plants in Alberta, Canada. Installation operations are expected to begin in May of 2018.
This new international order follows the successful installation and operation of the Company's SEA™ Technology on the front end of four electric generating units (EGUs), also in Alberta, Canada, in late 2017. ME2C will begin by installing their proprietary technology on one boiler at this new location, and if successful, may install their SEA technology on up to three EGUs at this new location. ME2C has worked with this Canadian customer since 2011 across multiple projects in both the United States and Canada.
"We are pleased to have secured a new order with this customer for our proprietary SEA technology," said Richard MacPherson, President and CEO of ME2C. "Our technology offers a significant improvement over the current system, from both a material savings and performance perspective. We continue to value our strong relationship with this customer and believe their continued business is a strong testament to the effectiveness of our technologies."
MacPherson, continued: "Our international diversification efforts continue to bear fruit, as notable industry players in key global markets discover the value inherent in our proprietary technology. We expect this international expansion to smooth out seasonal fluctuations in our revenues and improve long-term profitability. As we move through 2018, we will remain focused on our key initiatives, which consist of leveraging our total solution approach to mercury capture to sign new customers throughout North America, further penetrating existing customer fleets, and growing our international footprint."
About Midwest Energy Emissions Corp. (ME2C)
Midwest Energy Emissions Corp. (OTCQB: MEEC) delivers patented and proprietary solutions to the global coal-power industry to remove mercury from power plant emissions, providing performance guarantees, and leading-edge emissions services. The U.S. Environmental Protection Agency (EPA) MATS rule requires that all coal- and oil-fired power plants in the U.S., larger than 25 mega-watts remove roughly 90% of mercury from their emissions starting April 15, 2015. ME2C has developed patented technology and proprietary products that have been shown to achieve mercury removal levels compliant with MATS at a significantly lower cost and with less operational impact than currently used methods, while preserving the marketability of fly-ash for beneficial use. For more information, please visit www.midwestemissions.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 the Company. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. The Company 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 the Company's periodic filings with the Securities and Exchange Commission.
Chief Executive Officer
Midwest Energy Emissions Corp.
Investor Relations Contact:
MZ Group - MZ North America
Source: Midwest Energy Emissions Corp.
Released April 25, 2018