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
LEWIS CENTER, Ohio--(BUSINESS WIRE)-- 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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Source: Midwest Energy Emissions Corp.
Released May 24, 2017