Midwest Energy enters license & supply deal with CEO-owned Dakin for emissions technology

Birchtech Corp.

ME2C receives exclusive U.S. license and limited manufacturing license for Dakin's boiler combustion IP.
Dakin, controlled by CEO Richard MacPherson, must buy 100% of product requirements from ME2C for non-U.S. sales.
ME2C pays $12,500/month license fee through Dec 2025; royalties on U.S. sales as set in Appendix D.
Agreement term is 10 years; includes technical support at ME2C's standard rates.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Birchtech Corp. entered into Dakin Agreement with Dakin Holdings Ltd. (effective 2023-01-01).

Action: entry
Agreement: license
Counterparty: Dakin Holdings Ltd.
Effective: 2023-01-01

Exact text from the filing

On January 31, 2023, Midwest Energy Emissions Corp., along with its wholly-owned subsidiary, MES, Inc. (together, the “Company”), entered into a License and Supply Agreement with Dakin Holdings Ltd., a company incorporated in Barbados (“Dakin”), effective as of January 1, 2023 (the “Dakin Agreement”)

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Birchtech Corp. filing history →

Source: SEC EDGAR

accession 0001477932-23-000748

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