other material
confidence high
sentiment positive
materiality 0.55
Birchtech settles patent suit with utility; grants SEA process license for one plant
Birchtech Corp.
- Effective Oct 8, 2024, Birchtech licensed its two-part SEA® patent to a utility defendant and affiliate for a designated coal-fired plant.
- The deal provides a one-time license fee and a right of first refusal for mercury capture product supply at that plant.
- Patent infringement litigation continues against the remaining non-affiliated defendants in the Arizona Action.