MEEC reports preliminary 2021 revenue of $13.0M; guides 2022 revenue up at least 60%

Birchtech Corp.

Preliminary 2021 revenue $13.0M compared to $8.2M in 2020, a 58.5% increase.
2022 revenue guidance of at least 60% YoY growth, targeting $20-22M, with H2 weighted.
Company eliminated all convertible debt in 2021 and entered debt repayment agreement with Alterna Capital.
Lawsuit against 16 refined coal entities for patent infringement proceeding; discovery underway.

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