ME2C® Environmental Secures Contract Extension with Major Utility Customer
Multi-Year Master Supply Agreement Extension of Mercury Emissions Control Services
CORSICANA, TX, March 16, 2021 (GLOBE NEWSWIRE) -- Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME2C Environmental" or the “Company”), a leading environmental technologies firm, today announced that it has signed a two-year master supply agreement contract extension with a major coal-fired utility located in Oklahoma.
The contract extension of this previously entered into Master Supply Agreement provides an extension to a license to the Company’s patented SEA® technologies along with a supply of custom sorbents over the next two years.
“We are pleased to continue working with this utility, which has been a continuous customer of ours for the past 5 years, receiving numerous operational benefits by working directly with ME2C for both a technology license and for ongoing product supply,” said Richard MacPherson, President and CEO of ME2C Environmental. “In addition to a license to operate our patented SEA® process for mercury emissions, the customer plant also receives operational support from our skilled team to improve overall plant operations and efficiency.
“This new contract extension reaffirms our attractive recurring revenue model. We believe that our business-first approach to our utility partners creates a mutual foundation for future growth opportunities in other burgeoning areas affecting the global power industry,” concluded MacPherson.
About ME2C® Environmental
ME2C Environmental (OTCQB: MEEC), is a leading environmental technologies company developing and delivering patented and proprietary solutions to the global power industry. ME2C’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 http://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:
Main: 614-505-6115 x-1001
Released March 16, 2021