WORTHINGTON, OH and GRAND FORKS, ND–(Marketwired – Dec 19, 2013) – Midwest Energy Emissions Corp. (OTCQB: MEEC) and the Energy & Environmental Research Center Foundation (EERCF) today announce that they have signed ‘Amendment 4’ to their exclusive Licensing Agreement, which provides MEEC two new patents and two new patent applications in mercury emissions control.
Through this agreement, the EERCF will establish equity ownership in MEEC, with new IP and restructured license maintenance and royalty fee schedules.
MEEC’s President and CEO Alan Kelley stated, “We are very pleased to announce this Amendment which further expands our close and mutually beneficial relationship with the EERCF.”
The EERCF is the commercialization arm of the Energy and Environmental Research Center (EERC) at the University of North Dakota. The EERC is the premier research center in the world in the control of mercury emissions from sources such as power plants.
Mr. Kelley continued, “Mercury air emissions is a global issue now as about 140 countries have agreed to implement regulations to reduce emissions of the dangerous element. The U.S. is at the forefront with the Mercury and Air Toxics Standards (MATS) which became effective in 2012, with U.S. utilities required to be in compliance with very strict coal cower emissions regulations. With this agreement with the EERCF, MEEC has 25 patents or patents pending in its licensing portfolio, spanning numerous technologies and geographies.”
Dr. Gerald Groenewold, EERCF Board Member and Director of the EERC, said, “This Amendment builds on the existing relationship between the EERCF, EERC and MEEC and enhances the commercial solutions and opportunities offered by MEEC.”
About Energy & Environmental Research Center (EERC): The EERC is a research, development, demonstration, and commercialization facility recognized as one of the world’s leading developers of cleaner, more efficient energy technologies as well as environmental technologies to protect and clean our air, water, and soil. The EERC, a high-tech, nonprofit division of the University of North Dakota (UND), operates like a business and pursues an entrepreneurial, market-driven approach to research and development in order to successfully demonstrate and commercialize innovative technologies. The EERC currently employs over 250 people and is aggressively expanding its staff. The EERC leverages and enhances government research dollars by developing working partnerships with industry, government, and the research community. Since 1987, the EERC has had more than 1250 clients in 50 states and 52 countries.
About Midwest Energy Emissions Corp. (MEEC): Midwest Energy Emissions Corporation delivers cost effective mercury capture technologies to power plants and other large industrial coal-burning units in the United States and Canada. The Company’s proprietary technology allows customers to meet the new, highly restrictive standards the U.S. EPA has set for mercury emissions, in an effective and economical manner with the least disruption to their current equipment and on-going operations. For more information, please refer to the Company’s website at www.midwestemissions.com.