Birchtech (BCHT) Investor presentation summary

Company overview and business model

• Develops activated carbon technologies for mercury and PFAS removal in air and water, with a strong IP portfolio and successful enforcement strategy, including $78.4M in recent legal awards and $37M in license agreements since 2020.

• Core air business uses patented SEA® technology at 80% of U.S. coal-fired plants using sorbent systems, generating recurring revenues from product sales and consulting.

• Entered the multi-billion-dollar PFAS water treatment market, leveraging regulatory tailwinds from new EPA rules and offering vertically integrated solutions across design, supply, and carbon rejuvenation.

• Q2 2026 revenue was $3.8M with a 27% gross margin; trailing twelve months revenue was $18.6M.

• No debt as of Q2 2026, with $11.8M in cash following a $16.4M capital raise and NYSE uplisting.

Technology and market opportunity

• SEA® technology provides cost-effective mercury emissions control for coal-fired power plants, with a two-part system tailored to plant configurations.

• PFAS regulations create a $1.5B annual U.S. market opportunity; company offers design centers, water treatment solutions, and carbon rejuvenation services for utilities.

• Proprietary carbon rejuvenation technology reduces utility costs by 30-50% and minimizes environmental impact.

• Over 50,000 U.S. water utilities face PFAS compliance mandates by 2029/2031, driving demand for advanced activated carbon solutions.

• EPA recognizes activated carbon as the best available technology for PFAS removal.

Intellectual property and legal outcomes

• Aggressive IP enforcement has resulted in $78.4M final judgment and $37M in settlements and license agreements since 2020.

• 100% success rate in defending patents; all IPR petitions terminated and infringing parties barred from further challenges.

• License and supply agreements with major utilities improve cash flow and market share.

• Legal awards and settlements structured to secure long-term supply contracts.