Midwest Energy Emissions Corp. (OTCQB: MEEC)
Market Cap: $83,212,044
Outstanding Shares: 73,638,977
Midwest Energy Emissions Corp. Secures Contract Renewal in Excess of $5.0 Million with Utility Customer in the Midwest U.S.
Midwest Energy Emissions Corp. (OTCQB: MEEC) (“ME2C” or the “Company”), a leader in mercury emissions control in North America, has secured a contract renewal valued at over $5.0 million in the aggregate over the next two years from a current utility customer in the Midwest region of the United States. The customer has been utilizing ME2C’s proprietary Sorbent Enhancement Additive (SEA™) Technology since 2015 to achieve and remain in full compliance with Mercury and Air Toxic Standards (MATS).
“Over the past two years, our patented SEA Technology system helped this customer achieve and remain in compliance, while operating more efficiently at a cost which we believe is notably lower than costs which would be incurred with our competitors,” said Richard MacPherson, President and CEO of ME2C. “Deepening our relationships, such as this one, not only helps us demonstrate the value proposition we provide our customers, but also positions us to successfully penetrate the fleets of our current base of customers for which we are currently contracted. Looking ahead, we expect to continue to drive recurring revenue and shareholder value by executing on our current client base while securing additional long-term agreements.”
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Source: Uptick Newswire