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  • Midwest Energy Emissions Corp. (MEEC), Energy & Environmental Research Center Foundation Amend Exclusive Licensing Agreement 0 comments
    Dec 19, 2013 12:55 PM | about stocks: MEEC

    Midwest Energy, maker of mercury capture technologies to power plants and other large industrial coal-burning units, today in a joint announcement with the Energy & Environmental Research Center Foundation (EERCF) reports that the parties have amended their exclusive licensing agreement.

    Amendment 4 provides Midwest Energy two new patents and two new patent applications in mercury emissions control. It also offers EERCF the opportunity to establish equity ownership in Midwest Energy, with new IP and restructured license maintenance and royalty fee schedules.

    The EERCF is the commercialization arm of the Energy and Environmental Research Center (EERC) at the University of North Dakota, and has established itself as the world's premier research center in the control of mercury emissions from sources such as power plants.

    "We are very pleased to announce this Amendment which further expands our close and mutually beneficial relationship with the EERCF," Midwest Energy president and CEO Alan Kelley stated in the news release.

    Kelley also briefly noted spreading global recognition for the need for mercury emission mandates.

    "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.

    QualityStocks provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.qualitystocks.net

    Stocks: MEEC
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