Midwest Energy Emissions Corp. Completes the Acquisition of Full Patent Rights from Energy & Environmental Research Center Foundation
Innovative Sorbent Enhancement Additive (SEA)TM
Technology Ensures Maximum and Cost-Efficient Mercury Capture
Midwest
Energy Emissions Corp. (OTCQB: MEEC) (ME2C), a leader in
mercury emissions control in North America, has acquired all patent
rights for its Sorbent Enhancement Additive (SEATM) mercury
emissions control technology from the Energy
& Environmental Research Center Foundation (EERCF), an
organization that works to provide innovative solutions to the world’s
energy and environmental challenges. ME2C acquired the rights
for the price of $2.5 million and 925,000 shares of common stock in ME2C.
Richard MacPherson, President and CEO of ME2C, met with EERCF
Board members in Grand Forks, North Dakota, on May 24, 2017, to
commemorate the acquisition. “We are proud to have achieved this
acquisition, which covers our proprietary two-part process for mercury
control, MacPherson said. “The patents provide us with additional growth
and revenue-generating opportunities throughout North America, and we
are looking forward to continuing to deliver first-class technology to
our clients.”
ME2C’s holistic approach and patented technology is designed
to provide coal fired power plant operators the ability to meet any and
all environmental requirements as required by law. ME2C’s
team of experts evaluates individual power plants to offer customized
solutions for mercury emissions capture. ME2C’s approach
increases the efficiency of operations, lowering costs for the utility,
while eliminating any balance of plant issues. Prior to the acquisition,
ME2C maintained an exclusive, worldwide license to the
technology since 2009.
The SEATM Technology was originally developed by the
University of North Dakota Energy & Environmental Research Center (EERC).
“As long-time partners of ME2C, we are pleased to have
witnessed their growth firsthand and the industry’s positive response to
their innovative technology,” said Tom Erickson, EERC CEO. “ME2C’s
continued success furthers a key goal of the EERC, and the EERCF, to
develop market-based clean air solutions. This technology goes a long
way in helping coal fired utilities improve their environmental
performance in a cost-effective manner.”
Mr. MacPherson concluded, “This acquisition positions ME2C
perfectly to continue its growth across North America, including the
licensing of systems using a two-part process here in the United States
and Canada.”
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, which has been subject to legal challenges,
requires that all coal- and oil-fired power plants in the U.S., larger
than 25 mega-watts, must 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.
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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
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