Company Realizing Continued Momentum in Litigation Strategy
CORSICANA, TX, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME2C" or the “Company”), a leading environmental technologies firm, today announced the signing of an agreement to provide a leading national utility (the “utility”) with a non-exclusive license to certain ME2C patents related to the Company’s two-part Sorbent Enhancement Additive (SEA®) process for mercury removal from coal-fired power plants, for use in connection with the utility’s coal-fired power plants.
As a result of the agreement being announced today, ME2C has agreed to dismiss all claims brought against the utility in the patent litigation initiated by ME2C, and the utility has agreed to withdraw from petitions for Inter Partes Review which had been filed with the United States Patent and Trademark Office pertaining to such patents. These proceedings will continue with respect to the remaining defendants involved.
“We are pleased to see continued momentum in our litigation strategy having now reached agreements with three of the largest coal-fired power plant operators nationally. We believe these agreements represent industry-wide recognition of our patented technologies setting the stage for significant supply-side growth with these utilities and others currently operating our two-part SEA® process without protection of a license,” said Richard MacPherson, President and Chief Executive Officer of ME2C. “This major utility has agreed to license our patented technologies moving forward and we are working closely with them to secure their supply-side business.
“With a solid business-first approach, we are having success in reaching agreements to rectify the past, obtain recognition of our intellectual property position in the present and align all stakeholders for a sustainable, profitable future together. We look forward to organic growth in our supply business with major U.S. utilities – further defining our path to profitability in 2021,” concluded MacPherson.
About Midwest Energy Emissions Corp. (ME2C®)
Midwest Energy Emissions Corp. (OTCQB: MEEC) is a leading environmental technologies company 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. 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 ME2C. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. ME2C 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’s periodic filings with the Securities and Exchange Commission.
Midwest Energy Emissions Corp.
Main: 614-505-6115 x-1001
Released January 11, 2021