litigation
confidence high
sentiment positive
materiality 0.65
MEEC settles patent litigation with Chem-Mod, Gallagher, DTE under paid license
Birchtech Corp.
- Entered paid license of five U.S. patents (Nos. 8,168,147, 10,343,114, 10,589,225, 10,596,517, 10,668,430) with Chem-Mod, Gallagher, and DTE.
- All claims and counterclaims with these parties dismissed with prejudice; mutual releases for past use.
- License allows use of Chem-Mod Solution with activated carbon for refined coal; does not cover remaining CERT defendants.
- Trial against remaining CERT defendants rescheduled to begin February 26, 2024.