Birchtech Corp. (OTCQB:BCHT), the clean tech company focused on sustainable air and water treatment, received the judge's decision in its patent lawsuit, which was announced in 2024. While the company was initially awarded $57 million, with this week's announcement, iit expects the final judgment to be approximately $78 million. 

U.S. District Court Judge Christopher J. Burke issued a final opinion and called for a proposed final judgement following the March 2024 patent infringement jury verdict against refined coal companies. 

Birchtech said the court's decision resolved the final outstanding issues, including motions affecting the final calculation of the judgment amount. While the court didn't increase the verdict amount based on defendants' willful infringement, it did increase the judgment amount by awarding pre-judgment interest compounded quarterly at the prime rate and post-judgment interest, reported Birchtech.  

Putting It To Rest 

In addition to the $78 million Birchtech anticipates the final judgment will be, the company said interest will accrue each day until it is paid. The court ordered the final judgment to be submitted no later than December 23. 

Victory a Long Time Coming

The final judgement is a culmination of patent infringement lawsuits dating back to July 2019 against 43 defendants, including four major power utilities and numerous refined coal companies. 

Bank Rolling The Water Business 

While the patents relate to Birchtech's clean air technologies business, proceeds from the settlement are geared toward expanding and growing its water purification business. After all, the clean air unit will be getting more business now that its patents are protected, so Birchtech can use the settlement for its water business.

MacPherson said the money from the settlement will help the company “aggressively” move forward with its new technologies in water purification to remove harmful contaminants, such as PFAS, or "forever chemicals" from potable drinking water more efficiently, sustainably and affordably than current alternatives. 

The unit already has purchase orders totaling $900,000 from a mid-Atlantic power utility. The company also inked a deal with Civil & Environmental Consultants Inc. to provide testing to its utility customers and said it has a pipeline full of potential water treatment solutions projects with utilities. 

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