Birchtech Secures New Agreement with Power Utility from Arizona Litigation

Birchtech Corp. (BCHT), a leader in specialty activated carbon technologies for sustainable air and water treatment, has secured a new agreement with a coal-fired power utility from Arizona. This agreement, which follows the company's recent lawsuit against several defendants, reinforces the industry's acceptance of Birchtech's patented technologies and sets the stage for potential long-term benefits.

The agreement, although not disclosable due to confidentiality, is expected to strengthen Birchtech's balance sheet and create sustainable, long-term value for shareholders. This positive business outcome is a testament to the company's commitment to resolving legal disputes through business partnerships rather than protracted litigation.

Birchtech's ongoing litigation strategy aims to protect its intellectual property and establish positive business relationships with power utilities. The company has successfully resolved several lawsuits in recent years, including a five-year patent infringement lawsuit against 43 defendants in 2019 and a pre-trial settlement with defendants AJ Gallagher, DTE, and a CERT Defendant in late 2023. In March 2024, Birchtech was awarded a $57 million jury award following a trial with the remaining CERT Defendants, with a unanimous finding of willful infringement, along with inducing and contributory infringement.

The new agreement with the Arizona power utility is a significant milestone in Birchtech's efforts to protect its intellectual property and expand its market share. The agreement demonstrates the industry's recognition of the validity and value of Birchtech's patented mercury emissions capture technologies, as the utility has chosen to settle rather than continue the legal battle.

The agreement also opens up the possibility of entering into similar agreements with other defendants named in Birchtech's recent lawsuits. This could lead to significant market expansion and increased revenue for the company, as well as diversification into new markets and revenue streams.

In conclusion, the new agreement with the Arizona power utility reinforces the industry's acceptance of Birchtech's patented technologies and sets the stage for potential long-term benefits, including market expansion, diversification, and long-term growth. The company's commitment to resolving legal disputes through business partnerships and its successful track record in protecting its intellectual property position Birchtech well for future growth and success.