Birchtech secures license agreement with regional utility

Birchtech (BCHT) announced a non-exclusive licensing agreement with a large regional coal-fired utility for licensing of the Company’s patented mercury emissions reduction technologies. The license agreement includes a one-time fee, though due to confidentiality agreements and ongoing litigation, other specific terms of the agreement cannot be publicly disclosed. Although not named as a defendant in the Company’s various patent litigations, this utility is a party to the petitions filed with the United States Patent and Trademark Office requesting Inter Partes Review. With the license agreement in place, this utility has agreed to withdraw from petitions for Inter Partes Review.