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Midwest Energy Emissions Corp. and AEP Announce Signing of an Agreement

Written by Customer Service on . Posted in Public Companies.

CORSICANA, TX, Dec. 01, 2020 (GLOBE NEWSWIRE) — Midwest Energy Emissions Corp. (OTCQB: MEEC) (“ME2C”) today announced the signing of an agreement with AEP Generation Resources, Inc., Southwestern Electric Power Co., and AEP Texas Inc. (collectively, “AEP”) to provide AEP a non-exclusive license to certain ME2C patents for use in connection with AEP’s coal-fired power plants. Such patents licensed to AEP relate to ME2C’s two-part Sorbent Enhancement Additive (SEA®) process for mercury removal from coal-fired power plants.
As a result of the agreement being announced today, ME2C has agreed to dismiss all claims brought against AEP in the patent litigation initiated by ME2C, and AEP has agreed to withdraw from petitions for Inter Partes Review which had been filed with the United States Patent and Trademark Office pertaining to such patents. These proceedings will continue with respect to the other parties involved.Richard MacPherson, President and CEO of ME2C, stated “We believe this agreement is a testament to AEP’s recognition of our patented technologies and the significant value that our technologies will provide to their coal-fired plants. We look forward to growing a strong business relationship with AEP in the coming years.”“With a strong infrastructure,” continued MacPherson, “we have the capacity and resources to accommodate organic growth in our supply business moving into 2021.”About Midwest Energy Emissions Corp. (ME2C®)Midwest Energy Emissions Corp. (OTCQB: MEEC) is a leading environmental technologies company delivering patented and proprietary solutions to the global power industry. ME2C’s leading-edge services have been shown to achieve emissions removal at a significantly lower cost and with less operational impact than currently used methods, while maintaining and/or increasing power plant output and preserving the marketability of byproducts for beneficial use. For more information, please visit www.midwestemissions.com.Safe Harbor Statement

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