Company Overview - Birchtech specializes in Clean Coal and Clean Water Technologies, focusing on affordable contaminant removal [1][2] - The company develops activated carbon technologies and provides consulting services for mercury removal from air and forever chemicals from water [2] Air Pollution Control - Birchtech has a strong presence in the air pollution sector, with over 80% of U.S. power plants using its Sorbent Technologies for mercury emission reduction [3] - The company has generated or expects to generate over $268 million in revenues in the near term from its air pollution control business [3] Water Pollution Control - Birchtech is entering the multibillion-dollar market for the removal of forever chemicals, leveraging its activated carbon expertise [3] - Upcoming EPA regulations for PFAS compliance are expected to drive demand, with over 27 states actively pursuing regulations as early as next year [3]

Summary of Birchtech Corp Conference Call Company Overview - **Company Name**: Birchtech Corp (OTCPK:BCHT) - **Industry**: Clean coal and clean water technologies - **Core Business**: Development of activated carbon technologies for contaminant removal from air and water [2][3] Key Points Financial Performance - **Revenue**: Expected revenues of over $268 million in the near term [3] - **2025 Revenue Estimate**: $18 million [6] - **Revenue Run Rate**: Potential to ramp to about $40 million by the end of 2026 [6] - **Gross Margins**: Approximately 30% [6] Market Opportunities - **Clean Air Technologies**: - Established core business reducing mercury emissions, with over 80% of U.S. power plants using their process [2] - Anticipated growth in 2026 [4] - **Clean Water Technologies**: - New entrant in the multi-billion-dollar market for PFAS removal, with 50% of U.S. states adopting PFAS limits [3][5] - Expected to develop significant business by 2030 [5] Intellectual Property and Legal Matters - **Patents**: 33 total patents with new provisional patents for water business [3] - **Legal Claims**: Secured $35 million in license agreements from infringement claims [3] - **Jury Verdict**: Awarded $57 million for willful infringement, with a pending request for $160 million in final judgment [4][8] Growth Strategies - **Water Treatment Facilities**: Planning to open reactivation facilities by the end of 2026 [5] - **New Technologies**: Launching new activated carbon technologies with commercialization expected early next year [9] - **Consulting Services**: Providing testing and consulting services to municipalities for PFAS compliance [10][12] Regulatory Environment - **EPA Regulations**: New regulations for PFAS compliance expected, with 27 states actively pursuing PFAS capture [3][21] - **Impact of Regulations**: Anticipated growth in business as utilities prepare for compliance [21] Future Outlook - **Uplisting Plans**: Targeting uplisting to a major U.S. exchange by early 2026 [15][22] - **Long-term Growth**: Expectation that water treatment revenues could rival air business revenues by the end of 2026 [19] Additional Insights - **Community Impact**: 90% of the U.S. population affected by PFAS, with significant community contamination [11] - **Market Demand**: Increasing demand for affordable water purification technologies [10] Conclusion Birchtech Corp is positioned for significant growth in both air and water treatment sectors, driven by strong market demand, regulatory changes, and a robust intellectual property portfolio. The company is actively pursuing legal claims to enhance its financial position while preparing for future market opportunities in water treatment.

Business Transformation & Strategy - Ingevity is simplifying its business by exiting Industrial Specialties, Advanced Polymer Technologies (APT), and Road Markings [11, 12] - The company is establishing "New Ingevity" with two core businesses: Performance Materials and Pavement Technologies [12] - New Ingevity will leverage strong cash flow and divestiture proceeds to invest in organic growth, reduce debt, and return capital to shareholders [11] Financial Performance & Outlook - Pro Forma 2025E Revenue for New Ingevity is approximately $900 million [14] - Pro Forma 2025E EBITDA is approximately $335 million, with an EBITDA margin of approximately 37% [14] - The company expects to generate over $200 million of free cash flow per year in 2026 and 2027 [71] - New Ingevity projects 2027E Revenue of $940-980 million and EBITDA of $350-370 million, resulting in an EBITDA Margin of 36-39% [61] - The company aims to maintain a leverage target of 2 to 2.5x [71] Segment Specifics - Performance Materials expects 2025E revenue of approximately $600 million with EBITDA margins exceeding 50% [27] - Pavement Technologies expects 2025E revenue of approximately $300 million with EBITDA margins of 33% [49] Capital Allocation - The company plans to use divestiture proceeds to repurchase approximately $300 million of shares over the next 2 years [75]

Summary of Birchtech Conference Call Company Overview - Birchtech is a clean coal and clean water technologies company focused on affordable contaminant removal [1] - The company develops activated carbon technologies and provides consulting services to coal-fired plants [1] Core Business and Financials - Established clean air technologies support over 40% of the U.S. coal-fired fleet since 2011, generating over $268 million in commercial business [2] - Strong IP portfolio with 35 patents and over $35 million secured in settlements with utilities [2] - Recent legal success includes a $57 million jury award in Delaware, with expectations for a final judgment of approximately $160 million [3] Growth Opportunities - Three primary growth opportunities identified: 1. Ongoing supply business projected to generate at least $18 million this year [4] 2. Potential value from IP prosecutions, estimated at $160 million [4] 3. Significant upside in the clean water business, driven by new regulations targeting PFOA and PFOS contaminants [4][5] Market Potential - The clean water market is anticipated to be a multi-billion dollar opportunity annually due to new regulations [5] - The company expects to ramp up revenues to $40 million by the end of 2026, depending on settlements and technology adoption [6] Infrastructure and Capabilities - Two new lab centers in North Dakota and Pennsylvania for analytical work and custom GAC material design [7] - Facilities are equipped to help utilities meet new EPA regulations for PFOA and PFOS removal [8] Technology and Innovation - Granular activated carbon (GAC) is highlighted as the best solution for addressing PFOS and PFOA challenges [9] - The company has developed a reactivation facility to restore spent carbons, offering cost-effective solutions for utilities [10] Strategic Approach - A three-part approach to growth includes strong supply business, successful IP claims, and expansion into the water market [11][12] - The company plans to uplist onto the New York Stock Exchange in the fall [11] Revenue Projections and Contracts - Average annual supply contracts range from $2 million to $3 million, with potential for significant growth as new licensing deals are secured [16] - The water business is expected to surpass the air side by 2027, with commercial deals anticipated this year [16] Competitive Advantage - Birchtech aims to disrupt the market by providing utilities with cost-effective options to meet new regulations, potentially reducing costs by 50% compared to traditional methods [25][27] Legal Proceedings - Ongoing legal cases are being handled by Judge Burke in Delaware, with expectations for a detailed judgment that will withstand appeals [29] This summary encapsulates the key points discussed during the Birchtech conference call, highlighting the company's strategic direction, market opportunities, and financial outlook.