MEEC - ME2C Environmental enters 3-year supply business valued at $3M annually
2023-04-18 08:36:13 ET
- Midwest Energy Emissions ( OTCQB:MEEC ) has entered into a new supply partnership with an existing technology licensee.
- This major utility has now issued its first order for one of its coal-fired power plants, which business has a value of ~$9M over the first three years and we are now working on converting the rest of their fleet to our supply.
- Richard MacPherson, CEO "This new multiyear recurring revenue supply business is a solid extension on the original license agreement and worth between $9M and $15M in revenue over the next 5 years. We have more opportunities with this major utility as we discuss product supply for the utility's other coal-fired power plants."
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ME2C Environmental enters 3-year supply business, valued at $3M annually