Settlements Validate Patents, Sets Significant Market Value; Action to Continue Against Remaining Defendants with Legal Notice to All Infringing Utilities
Corsicana, Texas--(Newsfile Corp. - November 20, 2023) - Midwest Energy Emissions Corp. (TSXV: MEEC) (OTCQB: MEEC) ("ME2C Environmental" or the "Company"), a leading environmental technologies firm, issued a statement today on the recently announced patent litigation settlement with certain defendants.
Richard MacPherson, Chief Executive Officer of ME2C Environmental stated, "We are extremely pleased that we have been able to resolve this patent litigation with many of the defendants which action we commenced in 2019. We will continue with the litigation against the remaining defendants with a trial date to be rescheduled by the Court. As part of the settlements announced last week, one of the defendants has entered into a license agreement based on a rate of $1.00 per ton of accused coal sold during the applicable damages period which we believe establishes a proper base line in our efforts against infringers."
"Given recent successful reinforcement of our patented position, we anticipate further discussions with all coal-fired utilities operating our patented process," continued MacPherson. "The settlements thus far only pertain to the "refined coal" operations and do not cover ongoing use of our patented technologies since the end of the refined coal program. We will be seeking resolution with any and all utilities that continue to operate our patented two-part process outside of a license or supply agreement. We will continue to protect our patent claims against the remaining defendants when our trial continues in early 2024."
About ME2C® Environmental
ME2C Environmental is a leading environmental technologies company developing and delivering patented and proprietary solutions to the global power industry. ME2C's leading-edge mercury emissions technologies and 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 http://www.me2cenvironmental.com/.
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ME2C Environmental Contact:
Main: 614-505-6115 x-1001
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