MEEC Wins $57M in Patent Suit, Poised for Growth in Coal and Emerging Markets
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MEEC won $57 million in a recent patent infringement lawsuit against CERT. The judge may award additional damages up to 3x higher based on "willful infringement".
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MEEC renegotiated its debt agreement with Alterna Capital, saving nearly $25 million in cash payments. This will allow MEEC to pay off debt and invest in new growth areas.
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MEEC is poised to grow its core refined coal business 2-3x in the next 12-24 months by licensing its mercury removal technology to dozens of infringing power plants.
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The company is developing proprietary technologies to enter large emerging markets like water remediation for "Forever Chemicals" and rare earth elements extraction.
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MEEC is on track to uplist to the NASDAQ soon, which could drive increased institutional investor interest and ownership.