Birchtech Corp.

10/21/2024 | Press release | Distributed by Public on 10/21/2024 06:31

Material Event Form 8 K

Item 8.01 Other Events.

Effective as of October 8, 2024, Birchtech Corp. (formerly Midwest Energy Emissions Corp.) (the "Company") entered into agreement with one of the utilities and an affiliated entity named as defendants in the patent infringement lawsuit commenced by the Company in July 2024 in the U.S. District Court in Arizona (the "Arizona Action"). Such agreement provides such parties and their affiliates with a non-exclusive license to certain Company patents related to the Company's two-part Sorbent Enhancement Additive (SEA®) process for use in connection with a certain designated coal-fired power plant operated by such utility. The agreement includes a one-time license fee and provides the Company with a right of first refusal for certain of such utility's product supply for mercury emissions capture at such designated power plant. Such lawsuit will continue against the other non-affiliated defendants named in the Arizona Action.