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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 Second Quarter 2025 Financial Results
Globenewswire· 2025-08-14 20:05
Core Insights - Birchtech Corp. reported second quarter 2025 revenues of $3.3 million, slightly down from $3.4 million in the same quarter last year, primarily due to operational challenges [9] - The company is focusing on growth in its water treatment business, with expected initial sales in the second half of 2025 [5][6] - Management emphasized the importance of protecting intellectual property and leveraging governmental support for the coal sector to drive growth in the air business [4][6] Financial Performance - Gross profit for the second quarter was $1.0 million, representing 29.8% of total revenues, down from 31.6% in the prior year [10] - Operating expenses decreased significantly, with SG&A expenses at approximately $1.7 million compared to $4.6 million in the same quarter last year [11] - The net loss improved to $1.5 million, or ($0.02) per share, compared to a net loss of $6.2 million, or ($0.07) per share in the same quarter last year [13] Strategic Developments - The company appointed Dr. David Mazyck as Executive Director of Innovation and Commercialization to enhance its water treatment technology development [8] - Birchtech is pursuing a listing on a major U.S. exchange by year-end to enhance its capital market presence [6] - The company is actively engaging in patent defense and licensing agreements to bolster its air business revenue, with a projected annual revenue run-rate of at least $40 million by the end of 2026 [8][6]
Birchtech to Exhibit at American Water Works Association Annual “ACE 25” Conference from June 8-11, 2025
Globenewswire· 2025-05-20 12:31
Core Viewpoint - Birchtech Corp. is positioning itself as a key player in the water purification sector by showcasing its innovative water treatment solutions at the AWWA ACE 2025 conference, emphasizing its commitment to addressing environmental challenges, particularly PFAS contamination [1][4]. Company Overview - Birchtech Corp. specializes in activated carbon technologies for sustainable air and water treatment, aiming to support a cleaner future [5]. - The company is recognized as America's Clean Coal and Clean Water Company, focusing on innovative solutions for air and water purification [5]. Conference Participation - Birchtech will exhibit at the AWWA ACE 2025 from June 8-11, 2025, at the Colorado Convention Center in Denver, showcasing its solutions for potable water utilities and engineering firms [1][3]. - The AWWA ACE is a significant event in the global water community, attracting over 11,000 attendees and 800 utilities from 90 countries, providing a platform for networking and sharing best practices [2]. Innovative Solutions - The company offers advanced products and services for contaminant removal, including dual Design Centers that provide consultative analysis and thermal reactivation of granular activated carbon [3]. - Birchtech's solutions are aligned with U.S. EPA efforts to combat PFAS contamination, highlighting its focus on sustainable activated carbon technologies [4]. Leadership Insights - Dr. David Mazyck, Director of Research and Product Development, emphasizes Birchtech's expertise in identifying optimal solutions for harmful contaminant removal [4]. - CEO Richard MacPherson expresses excitement about participating in AWWA ACE, viewing it as a critical opportunity to connect with industry decision-makers and showcase the company's proprietary water treatment solutions [4].