ME2C® Environmental Gains Additional Supply Business with Large Utility Customer, Patented Mercury Emissions Technology Licensee
01 Février 2022 - 2:57PM
InvestorsHub NewsWire
ME2C®
Environmental Gains Additional
Supply Business with Large Utility Customer, Patented Mercury
Emissions Technology Licensee
Second Plant Location with Major
Utility Gained as a Supply Customer After Issuing License to
Operate
CORSICANA, TX, February 01, 2022
-- InvestorsHub NewsWire -- Midwest Energy
Emissions Corp. (OTCQB: MEEC) ("ME2C
Environmental" or the "Company"), a leading environmental
technologies firm, today announced that the Company has secured new
supply business with a licensee of the Company's patented Sorbent
Enhancement Additive
(SEA®) technology for mercury
emissions capture.
The new supply business expected to continue through 2022 was
gained after certain testing was completed at one of the utility's
power plants located in the Midwest. The utility entered into a
license agreement with the Company in 2020 that would allow
continued operation of the Company's patented mercury capture
technologies. In mid-2021, a new supply contract for a plant in the
Midwest was announced with this utility. This additional supply
business being announced today is the second new plant location
under this utility's fleet to become a direct product supply
customer of ME2C in addition
to the utility's plant which had already been a direct supply
customer when the license agreement was signed in
2020.
"Since partnering with this major utility as a license
partner of our mercury emissions technologies, we have completed
product testing to gain additional supply business," stated Richard
MacPherson, Chief Executive Officer of ME2C
Environmental. "Adopting a business-first approach across the
coal-fired industry, a license to operate our patented technologies
allows for continued operations of our innovative approach to
mercury emissions capture. Working
with us directly as a supply customer provides the plant with
additional measurable benefits and bottom-line operational
improvements."
Continued MacPherson, "This new plant location operated by
this significant power producer represents the second "win" toward
our efforts in monetizing the value of our patents. This major
utility was one of the first to enter into a license agreement in
2020 and the first to extend their agreement with one other plant
announced as a supply customer in
mid-2021. This is the second plant
location at this utility to augment their license to operate with
direct product supply of our patented SEA technology.
"Through the next year, we expect to grow our supply business
with our utilities currently operating under a license agreement,
as well as enhance our strong customer base with additional license
and supply partners," concluded MacPherson.
About ME2C®
Environmental
ME2C Environmental 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:
Kevin McGrath
Managing Director
TraDigital IR
Tel: 646-418-7002
kevin@tradigitalir.com
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