Birchtech Advances Clean Energy with New Utility Agreement
Birchtech's Strategic Licensing Agreement
Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT), a prominent name in specialty activated carbon technologies, has successfully secured a non-exclusive licensing agreement with a significant regional coal-fired utility. This innovative agreement, which centers on the company’s advanced mercury emissions reduction technologies, strengthens Birchtech’s commitment to sustainable air and water treatment solutions.
Details of the License Agreement
The recently established licensing agreement entails a one-time fee. However, exact terms remain confidential due to existing legal circumstances involving the utility and Birchtech. Although this utility isn't a direct party in Birchtech's ongoing patent litigations, its collaboration indicates a strategic shift towards addressing renewable energy needs. Notably, the utility will withdraw from its petitions concerning Inter Partes Review now that this agreement is finalized.
CEO's Vision for Growth
Richard MacPherson, the CEO of Birchtech, expressed optimism about the future. He noted, "Our outreach efforts have been positively received, showcasing our business-oriented approach that resonates with other utilities. The technologies we provide for reducing mercury emissions not only offer cost-effective solutions but also enhance grid reliability amidst rising energy demands." This reflects a clear trajectory toward broader industry acceptance and implementation.
Success in the Coal-Fired Sector
Birchtech continues to forge ahead in the coal industry, with 14 license agreements secured since 2019, including nine with utilities that were previously defendants in legal proceedings. The shift in strategy aims to convert technology users into long-term customers, expanding its air quality business while simultaneously integrating comprehensive water treatment solutions. MacPherson concluded, "Our approach is focused on delivering sustainable and enduring value to our shareholders while enhancing the quality of air and water for communities across North America."
About Birchtech Corp.
Birchtech Corp. leads in activated carbon technologies, aiming to position itself as America’s Clean Coal and Clean Water Company. It specializes in providing state-of-the-art solutions for air and water purification, contributing to a sustainable future. The firm is known for its patented SEA® sorbent technologies that tackle mercury emissions in the coal sector, while also innovating in water purification technologies targeting persistent pollutants like PFAS and PFOS. Supported by a robust intellectual property portfolio, Birchtech’s expert team is committed to enhancing environmental standards and promoting cleaner air.
Contact Information
For further inquiries, please reach out to:
Investor Relations:
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
(949) 259-4987
BCHT@mzgroup.us
www.mzgroup.us
Frequently Asked Questions
What technologies is Birchtech known for?
Birchtech specializes in activated carbon technologies, particularly aimed at reducing mercury emissions and enhancing water purification.
How many license agreements has Birchtech secured?
Since 2019, Birchtech has successfully entered into 14 licensing agreements with coal-fired utilities.
What is the significance of the recent licensing agreement?
This agreement marks a strategic partnership that highlights Birchtech's technologies and their importance in enhancing grid reliability amid rising energy demands.
How does Birchtech contribute to environmental sustainability?
Through its innovative air and water purification technologies, Birchtech plays a crucial role in moving towards a cleaner and more sustainable future.
Who should be contacted for investor inquiries?
Investor inquiries can be directed to Lucas A. Zimmerman, the Managing Director at MZ Group.
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