ME2C® Environmental Secures Contract Extension with Major Utility Customer
03/16/2021 - 08:31 AM
Multi-Year Master Supply Agreement Extension of Mercury Emissions Control Services
CORSICANA, TX, March 16, 2021 (GLOBE NEWSWIRE) -- Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME2 C 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 ME2 C for both a technology license and for ongoing product supply,” said Richard MacPherson, President and CEO of ME2 C 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 ME2 C ® Environmental
ME2 C Environmental (OTCQB: MEEC), is a leading environmental technologies company developing and delivering patented and proprietary solutions to the global power industry. ME2 C’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. ME2 C 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 ME2 C Environmental. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. ME2 C 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 ME2 C Environmental’s periodic filings with the Securities and Exchange Commission.
ME2 C Environmental Contact: Stacey Hyatt Corporate Communications ME2 C Environmental Main: 614-505-6115 x-1001 Direct: 404-226-4217 shyatt@me2cenvironmental.com
Investor Relations Contact: Greg Falesnik or Brooks Hamilton MZ Group - MZ North America 949-546-6326 MEEC@mzgroup.us www.mzgroup.us
Midwest Energy Emissions Corp
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Administrative and Support and Waste Management and Remediation Services
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About MEEC
midwest energy emissions corp. delivers patented, cost-effective mercury capture solutions to coal-fired power plants and other large industrial coal-burning units. the company’s proprietary technology delivers a flexible, tunable solution that allows the global coal-power industry to comply with new, highly restrictive regulations on mercury air emissions with the least disruption to their current equipment and on-going operations, while preserving the ability to re-cycle fly-ash for beneficial use. with a strong focus on continuous innovation and industry foresight, our vision is to deliver leading-edge, cost-effective solutions for mercury emission control to utility boilers around the world.