Activated Carbon Technologies

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Birchtech Secures License Agreement with Large Regional Power Utility Company
Globenewswire· 2025-09-24 12:31
Core Insights - Birchtech Corp. has reached a non-exclusive license agreement with a regional coal-fired power utility, resolving a lawsuit regarding patented mercury emissions reduction technologies [1][2] - The agreement allows Birchtech to dismiss all claims against this utility while continuing claims against other defendants in the consolidated lawsuits [2][4] - The CEO of Birchtech highlighted that licensing agreements have been a successful strategy, providing cash flow to support new technologies in water treatment [3] Company Overview - Birchtech Corp. specializes in activated carbon technologies aimed at sustainable air and water treatment, focusing on mercury emissions capture for coal-fired utilities [5] - The company has established business relationships with five utilities from the ongoing lawsuits and has reached a total of 13 license and/or supply agreements since 2019 [4] - Birchtech is also developing innovative water purification technologies targeting persistent pollutants like PFAS and PFOS [5]
Birchtech Invited to Attend Upcoming Investor Conferences
Globenewswire· 2025-09-03 12:31
Core Viewpoint - Birchtech Corp. is actively participating in several investor conferences to showcase its advancements in specialty activated carbon technologies and to support its planned uplisting to a major U.S. exchange [1][3]. Company Participation in Conferences - Birchtech's CEO Richard MacPherson will present at the H.C. Wainwright 27th Annual Global Investment Conference on September 10, 2025, at 11:30 a.m. Eastern time in New York, NY, which will include a presentation and one-on-one meetings [2]. - The company will also participate in the Lake Street 2025 BIG9 Conference on September 11, 2025, in New York, NY, which will consist of one-on-one meetings only [3]. - Additionally, Birchtech will present at the Gabelli 3 Annual PFAS Symposium on September 17, 2025, at 3:15 p.m. Eastern time, also in New York, NY, featuring a presentation and one-on-one meetings [3]. Company Overview - Birchtech Corp. is recognized as a leader in specialty activated carbon technologies, focusing on sustainable air and water treatment solutions [4]. - The company provides patented SEA sorbent technologies aimed at capturing mercury emissions in the coal-fired utility sector and is developing innovative water purification technologies targeting forever chemicals like PFAS and PFOS [4]. - Birchtech is backed by a strong intellectual property portfolio and a team of experts in activated carbon, contributing to cleaner air and novel water purification approaches [4].
Birchtech Reports First Quarter 2025 Financial Results
Globenewswire· 2025-05-15 20:05
Core Financial Results - Revenues for the first quarter of 2025 totaled $3.2 million, consistent with the same quarter in the previous year, driven by an increase in licensing revenues offset by a slight decrease in supply revenues [9] - Gross profit increased by 9.4% to $1.2 million, representing 38.3% of total revenues, compared to 34.8% in the same year-ago quarter, primarily due to higher licensing revenues [10] - Net loss improved to $1.7 million, or ($0.02) per share, compared to a net loss of $2.9 million, or ($0.03) per share in the same year-ago quarter [13] Operational Highlights - The company gained a new technology licensee, enhancing market share in the coal-fired utility sector, supporting consistent revenues [3] - A patent infringement lawsuit was filed against Evergy, a major power utility, while a non-exclusive agreement was secured with another coal-fired power utility [4] - Federal government support for clean coal has extended operational timelines for coal-fired power plants, benefiting the company's air business [5] Strategic Initiatives - The company is progressing in its new water purification business, focusing on sustainable potable water treatment solutions, with plans to sell activated carbon and water treatment solutions in mid-2025 [6][7] - Management anticipates revenues of at least $23 million in 2025, excluding potential cash from intellectual property defense and new water purification technologies [6] - The air business is expected to achieve an annual revenue run-rate of at least $40 million by the end of 2026 [6] Management Commentary - The CEO emphasized the company's robust growth trajectory in the air business, supported by patent defense efforts and potential licensing agreements with utilities [3][8] - The company aims to protect its patented technologies while expanding into innovative water purification technologies [8] Future Outlook - The company plans to pursue a listing on a major U.S. exchange in the second half of 2025, indicating a strategic growth phase [8]