Thursday, August 20, 2015 12:43:45 PM
From last posted article By Zacks Small Cap Research
August 19, 2015 10:00 AM
Management is currently not observing any behavioral changes by customers under contract in reaction to the Supreme Court’s decision in June. In addition, the company has experienced a renewed increase in the demand for demonstrations from both existing and prospective customers generating demonstration and consulting services revenue of $120,318 in the second quarter.
Midwest Energy Emissions continues to install the infrastructure required MATS compliance. The company has 15 electric generating units (EGUs) under contract, of which four have been installed and operating in compliance. Two EGUs have been operational since 2011. Management continues to estimate that product sales, equipment installations and consulting services will generate over $8 million in equipment sales during 2015, over $30 million in revenues in 2016 and over $110 million over the terms of existing contracts.
Midwest Energy is unique in that it 1) has a singular focus (the mercury emissions control market), 2) holds exclusive rights to patented processes, 3) has achieved market penetration through the commercialization of SEA Technology and 4) is positioned to take advantage of further growth opportunities afforded by the implementation of MATS in whatever form develops from the process initiated from the Supreme Court’s ruling. Midwest Energy Emissions should experience a dramatic increase in revenues over the next few years as the coal-fired plants, which have contract for Midwest Energy’s SEA Technology, ramp up their mercury emissions control efforts to become MATS-compliant.
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