Birchtech (BCHT) 15 Apr 242023 Q4 Earnings call transcript

Good day, and welcome to the ME2C Environmental Fourth Quarter and Full Year 2023 Earnings Conference Call.

[Operator Instructions]

This conference is being recorded today, April 15, 2024. A press release was issued prior to this call today on April 11, 2024, which provided the conference call and webcast information for today's call.

On the call is ME2C Environmental's President and Chief Executive Officer, Richard MacPherson.

want in that issued the XX, we the should on begin, XXXX. statements forward-looking company's we to you note read April Before press release

its certain Commission call, results. could financial on bases certain statements will future today's and important and filings company about differ predictions. make statements and During that with actual performances management The and reflect assumptions Exchange current these and are risk events to periodic views the future predictive expectations most the that company's subject list uncertainties. to from of The cause risks results factors some Securities its that

At Executive this call Chief Officer the of turn MEXC please would time, like Environmental. to ahead. MacPherson, over to Richard Sir, I go

and for accomplishments you last us to and which action in thank especially Fourth Quarter several begin joining for look a the MEXC significant our last from a Year with XXXX areas. back operator, Earnings I'd today Full key all at today's this Thank Call. like and marked Environmental's you, year quarter, call

an Following with conclude results a XXXX. in will next in or during review, of how initiatives update. we'll either full today's month earnest grew presentation developing and began first our earnings our quarter mind Keeping that we're call year-end with new happen overview

supply a several progress effort of outreach seen an Let's and from the trial. new was with our revenue business the has across last up XXXX very achieved Mercury This post our business continued new gained a estimated about is $X ramp entered dive in critical value annually. million in industry, We strong X-year into and areas of were improvements existing year. that position licensee gained through that

interest on XXXX was and TSXV the stock seeing the the We An in trading began TSX Canadian Venture exciting continued on July growth early Exchange across are market. in Canada. and achievement listing in our

growth the on on newsworthy States investors the of also to the stock courthouse prior Edison purchase steps in $X technologies. of a accomplishment A.J. much wider X was ] [ Perhaps in of MEXC to refined environmental investors reach assert nearly we win to outside our was our coal open technologies. listing November. allows years on market, with our a effort, early our settlement and the of date Gallagher, patent our TSXV a After new long-term burn United negotiated XXXX a of trial of baseline providing and Our per our in focused in Detroit coal established as defendant ton most value

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year's efforts. be I'll details through of going today, Now the last our

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of XXXX, $XX for additionally reported XXXX expect will the Our negative that XX-K we in settlement operating year-end higher activities in reach December primarily on course, throughout in significant cash compared of due million XXXX, provided in as the on cash used to More remained to compared patent on operating hand hand time by significantly when our which the show reported during year at cash be 'XX financial filing Form activities improvement XX, of we'll to XXXX, at net then a report higher detailed which to December end $X.XX. be which cash well of release net information hand We tomorrow. over a the litigation. XX, we and was cash

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license continues some the or look among claims announcing to trial producers supply across who entered to new now to the progresses. responding increase visibility last We into market pre delayed post renewed year Our forward agreements our coal trial year and have discussions. as

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update make we market the As further progress, accordingly. we'll

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all I XXXX. that to and we've much XXXX summarize the very discussed forward more interest the is be company. continued your in where to for company look that results Thank our today now able the quarter will first you listening going for we

call session. question-and-answer turn the to the And over with that, back begin the operator I'll to

the one In question ask Instructions] of one we interest [Operator to time, limit please and you follow-up. that

Michael Galantino private of line first Our the the investor. question from comes

Davids I Rick Mike follow-up, could. J.P. this as you're and it's awarded, going penetrates If go and $XX the if a A Ganti think from question Hawaii, million say, in to we sir. way the or business? hopefully. more that it buybacks? more their be What has building technologies? management be Would out decided to windfall. Would it use Would maybe it developing be stock of

the second Nasdaq NASDAQ Sheets. And listing Pink and on is have I question

You way. said that distribution I get it earlier mean, goal, you to more for in your more that that's make to the NASDAQ? take right? What that move would call to visibility and

question. Okay. Well, for the thanks

First considerations. X items you Use are those of actual number different of off, all mentioned X proceeds, -- a that

of able to June. off First be do debt. our think and books. like to foremost, we're all that end positioned however, the And of debt the I clean around somewhere We to should remove the we'd

underway Secondly, we we the be news bringing I'll of in initiatives number few as next the material forward market a weeks. to have go

water build buyback, considering treatment as we be the and the of an we acquire and year our funds do as enter as through well. I as course, With have some some business, out mentioned to the assets to necessary stock so that. the will to stock, And we we, do regards utilize acquire that go bankers of earlier in to call, option we'll

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Instructions] [Operator

with Our next from of the line comes Microcap question Chris Tuttle Research.

I'm a little I researching to the story, side. apologize. ruling is bit my the pending the that And operational question all had you new relatively positive -- on

So you agreements position the this you targets do in question my you to hearing May. actually pay and discussions in are sign be already with for technology? your in a have additional And license that would guys is,

Have that you all prepared -- Or started and to done, start is there quickly? those pretty once the is and the program the that be going ruling outreach it final going is up. discussions to that's so awaiting essentially to move would ruling be when

can. And much. it to Good as I best very thanks Well, again, answer question.

number working would of come utilities have out solution. to that like solution a business a they are we midst that to in to out the us, of We reached a have

we have them we've those. they actual engaged. weeks bring have forward from. So trial are we a we that have number will at And together we the it take of that to reached But testing than out because are folks post site. another progressing come that hear or have with And more a involves likely a number more to month few of to yet and sometimes

department regards being things them. like these Keep corporations slower of involves folks in of typically With acknowledged we mind, somewhat quickly. we they've to and the patent move that But we'd driven, the of major have to those legal move of having that by [indiscernible] out the on be in that and front nature trial and reached not it none reached these it initial the have future, gotten sent because than very now out. the to do were will us. back month that a options be We some been moving have , near to managed other we'll notifications that have it since forward tend

So it section this and will effort of be all bring to a timing stuff in. cross

the think another. next reasonable I is waiting resolve this think on in that believe over itself And fashion in anybody see X very one I a have the I that months, decides handed don't particular, we strong position. to X will to what court the or bench that expect to outstanding very we are down technology confident this and trial, time the stand. the position And hence, we have of with will moving that at are still. using our the feel issues that plants forward our we'll verdicts been power resolve

about helpful. companies. I One talked is -- I question Okay. or PFAS, research Yes. some last if That's just actually of your PFAS but follow we know and it you right the remediation not, don't pronounced -- that's

it. was your PFAS about And And not space? technology? what your so a on bit in Can I little you that you how discussion prepared and role play do expand for remediation

useful our environmentally these did an new most for the that they approach. think frank, and create strength to be to did municipalities major what past think, especially air have or highest business, since importantly, that of developed to few ability being forever extract I'll the to chemicals, water-based group else. more position And carbon-based will have, the will, anybody technology small as technologies we a the able and the be developing quite The in the economical sound that can that field. be better in be levels fit we in and from able performance for these role and in capture able stood development we were key Well, an approaches, play we we individuals it feel to to the we defended that knowledge patents That's we than of the worked added that new technologies at know-how and is very have I decades us in technologies.

And all shortly that announced the lab be having both up in our and last the that to It WEXC moving of see out very our was the our a building in quickly on you treatment continue week regulations today so going effect own moving out labs we running from and rare XXXX. things. plan earth side in work, and can till out with with field. work labs are announcement up website, EPA We firmed into as the into to to the of of of position our now water are

making So we'll the be weeks. material announcements coming that about in

that partnerships, And regards been also and planning with out build partnerships the being the strategic in the on feedstock able to past this with more information working to we've particular year.

lot's when on to how where as formal up able on we And in we we'll be gone to forward, going how big now. a expand be announcements So the we and to are expect make leading and field. more

more you, look that. We to soon. Thanks you talk Terrific. forward Okay. Thank again, we'll again to sir. about hearing and

Thank you.

like end over back have our closing any session. of And We reached comments. the I'd call MacPherson to question-and-answer the with to that, for Rick turn

thank folks, I'm call very I we're to and I'm lots the be through. and the able now moving looking to give forward very you between on expecting changes in late to detailed going as call. much update mid will develop today's to to participating for Well, that then, May. a will

We I planning forward going look we and validity years, came awards, been The move end of to last base of with as March, improve of and the through it time. efforts for year the us give very X significant basically, up transformative. end the until in to was that's some very If the our had rewards space. to

And go you so much. as XXXX. of you'll very through Thank that see the we execution

This today's teleconference. concludes

at your for you participation. your time. You may disconnect Thank this lines