Midwest Energy Emissions Corp. Provides Business Update
First Quarter Shows Successful Growth
LEWIS CENTER, OH -- (Marketwired) -- 02/18/16 -- Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME2C" or the "Company"), an emerging leader in mercury emissions control technology for the global coal-power industry, announced today that it is continuing its successful growth in first quarter of 2016 after taking significant strides in its development in 2015.
"The past six months have shown a huge demand for our technologies and services," said CEO Richard MacPherson. "We have carried out five full-scale demonstrations at various plants across North America since the fall of 2015. Our customer list now includes 19 electric generating units (EGU'S) contracted for Mercury and Air Toxic Standards (MATS) compliance expected to begin operations before or during April 2016. We are currently negotiating with multiple utilities to take care of their mercury capture needs as they also prepare for MATS compliance this April."
The Company reported over the past six months that it has made major strides with internal developments, including enhanced operations across its network of clients, and the continued commissioning of its proprietary feed systems in order to meet the MATS start-up requirements.
In keeping with a dramatic increase in business, ME2C has also built and deployed several new mobile testing units along with customer support vehicles for use across the country, as it continues to add to its capacity to meet client demand.
ME2C has made several advancements in new technology developments as well. The Company believes that it has maintained its lead as the industry's most technologically advanced firm with many significant developments that are now in use throughout its growing fleet of customers. Full branding and trademarking of these advances are currently underway, and will be announced in the months to come. In the meantime, these advancements are key in the Company's ability to contract new customers.
MacPherson continued, "In addition, our sales team has been extremely active in the newly-recognized industrial market with three full-scale demonstrations completed, which were all very successful. We have great expectations for this new market segment as we continue to grow. Overall, 2016 stands to be an excellent year of growth at ME2C due to the demand for our superior technologies delivered by the best team of specialists in the industry. We look forward to reporting back with specific financial results for 2015 in our upcoming annual report in March, followed by our first quarter results in early May."
For more information, visit the Company's newly updated website at www.midwestemissions.com.
About Midwest Energy Emissions Corp. (ME 2 C)
Midwest Energy Emissions Corp. delivers patented and proprietary solutions to the global coal-power industry to remove mercury from their power plant emissions, providing performance guarantees and leading edge emissions services. The Environmental Protection Agency (EPA) MATS rule requires that all coal- and oil-fired power plants in the U.S., larger than 25 mega-watts, must remove roughly 90% of mercury from their emissions starting April 15, 2015. In June 2015, the U.S. Supreme Court remanded MATS back to the U.S. Court of Appeals for the D.C. Circuit for further review, but left the rule in place. The D.C. Circuit has since remanded the rule to the EPA for further consideration, but without vacatur, allowing MATS to remain in effect until the EPA issues a final finding. The EPA has represented that it is on track to issue a final finding by April 15, 2016. ME2C has developed patented technology and proprietary products that have been shown to achieve mercury removal levels compliant with MATS at a significantly lower cost and with less operational impact than currently used methods, while preserving the marketability of fly-ash for beneficial use.
Safe Harbor Statement
With the exception of historical information contained in this press release, content herein may contain "forward-looking statements" that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. Matters that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the gain or loss of a major customer, additional or new EPA regulations affecting coal-burning utilities, disruption in supply of materials, a significant change in general economic conditions in any of the regions where our customer utilities might experience significant changes in electric demand, a significant disruption in the supply of coal to our customer units, the loss of key management personnel, failure to obtain adequate working capital to execute the business plan and any major litigation regarding the Company. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements contained in this release can be found in the Company's periodic filings with the Securities and Exchange Commission.
Chief Executive Officer
Midwest Energy Emissions Corp.
Source: Midwest Energy Emissions Corp.
Released February 18, 2016