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Birchtech (BCHT) investor relations material
Birchtech IAccess Alpha Virtual MicroCap Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Business overview and market position
Develops activated carbon technologies for air and water contaminant removal, with a strong U.S. market presence in mercury emissions control and emerging entry into the PFAS water treatment sector.
Holds 33 patents and a robust IP enforcement strategy, securing $35 million in license agreements and a $57 million jury award for infringement, with a final judgment expected by year-end.
Clean air business is stable and recurring, used in 80% of U.S. coal plants with sorbent tech, and is expected to see upside in 2026.
Clean water business targets a multi-billion-dollar market, with new products launching and commercialization beginning in early 2026.
Two world-class lab centers support advanced water treatment solutions and nationwide utility testing.
Financial performance and projections
Generated or expects over $268 million in revenues in the near term, with 2025 revenue estimated at $18 million and a run rate potential of $40 million by end of 2026.
Gross margins are in the 30% range for core business, with new water products targeting 30%-50% margins.
Additional settlements and long-term supply contracts with utilities are expected to increase revenues as current contracts expire.
Initial commercial water sales of $0.9 million announced, with follow-on orders anticipated in early 2026.
Uplisting to a major U.S. exchange, likely NYSE, targeted for January or February 2026.
Growth strategy and upcoming catalysts
Three growth drivers: expanding clean air business, defending IP, and scaling clean water treatment.
Reactivation facilities for water treatment planned to open by end of 2026, with significant business expected by 2030.
Ongoing litigation and settlements with infringing utilities could yield further license payments and supply contracts.
Construction of the first granular activated carbon reactivation facility is planned, with permitting underway at two sites.
Board may consider a dividend post-judgment, but most water facility build-out is debt financed.
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