Birchtech (BCHT) 15th Annual LD Micro Invitational 2025 summary

Business overview and strategy

• Focuses on clean air and water solutions, leveraging patented sorbent technology for mercury emission reduction and granular activated carbon for water purification.

• Transitioned from air purification to water purification, targeting removal of PFOS/PFAS microplastics in response to new EPA regulations.

• Maintains a debt-free status with fully paid facilities and a strong IP portfolio, defending patents through successful litigation.

• Projects continued growth in air business while aggressively expanding into the water market, aiming for significant market share.

• Assembled a top-tier team of scientists and engineers to drive innovation in water purification.

Financial performance and litigation

• Generated approximately $265 million in revenue to date, with $33 million annual revenue reached in 2016.

• Secured $40–45 million in license fees from patent enforcement and a $57 million federal court award, with a $160 million settlement request pending.

• Projects $23 million in 2025 revenue from air business, with additional upside from ongoing litigation and new water initiatives.

• Maintains 30% gross margins in air and expects 50% in water, with recurring revenue from long-term contracts.

• Additional 14 defendants remain under litigation, with further licensing revenue anticipated in 2025–2026.

Water purification market entry and growth plans

• Water purification market is valued at over $1 billion annually, dominated by a few players, with new EPA regulations driving demand.

• Developed new, provisionally patented technologies with at least 25% efficacy improvement, targeting commercial launch in late 2025.

• Built and staffed multi-million dollar facilities in North Dakota and Pennsylvania for product development and analytical testing.

• Acquired $7 million feedstock contract, expecting $8 million in product sales in late 2025, with further expansion planned through facility acquisitions.

• Plans to build a major GAC facility in the southeast by end of 2026, adding $60 million in capacity for 2027.