The investment community. We have very strong regulatory tailwinds as well. The MATS regulations are solid, and the water purification regulations, as I mentioned, are being adopted both at the state level and eventually across the entire country. Next slide. We have three growth opportunities: growing our business, defending our intellectual property portfolio, and future growth in the clean water side of things. In the clean air side, we have a very solid recurring business model. We provide materials to the power plants that have secured licenses to use our technologies. That business is growing and expected to continue to grow as we finalize the settlements with outstanding plants that are now using our technology, both that have just received licenses or we expect there will be a number of them that will take licenses between now and the end of the year.
There has been a very significant patent value to that clean air technologies. Along with the $35 million in income that we've collected so far, our attorneys have asked the court to consider $160 million as a final settlement in the full judgment for the Delaware federal court case that we won. It presently sits at $57 million as awarded by the jury. Due to the willfulness of the infringement, we are asking for a larger number, $159.7 million. Now, moving into the clean water technologies, it's a very solid long-term growth opportunity for us. We have, as a group, expertise in granular activated carbon, which we see as the best available control technology for water treatment. As I mentioned, a number of states, over 50% of them, have adopted PFAS limits. That will establish a multi-billion dollar market opportunity as an industry going forward.
Reactivation facility, which is something that we've been working on and developing in-house for the last year and a half, is something we look forward to announcing in the near future. We are, at this point, in the permitting stage of a very considerable operation, which we expect to build out and have in full operation by the end of 2026. Next slide. Our legacy air business is continuing to expand with the most recent settlements with a number of different folks that we've come to terms with. We expect that the supply side of that business, along with the licenses that have recently been issued, will provide us with an increasing core business value as we go forward. The revenue run rate has the potential, given the capacity of these plants, to reach upwards of $40 million by the end of 2026.
That would be, of course, if we were to get them all under contract. We will have to see how 2026 unfolds. We are really well-positioned at this point to increase that base $18 million estimate for 2025 on the air side. Next slide. Defending our intellectual property portfolio has been a full-time job for us for the past six years. It's been a business-first approach where we've been trying to settle with folks. In the situations where we have been able to settle, we have issued licenses, and we've been very successful to date. 100% of all of the folks that we have discussed settlements with, either through license or supply contracts, have settled out in our favor. As I mentioned, $35 million in consideration for settlements to date and the outstanding Delaware case, which we're awaiting on the court for final judgment.
We have some ongoing litigation at this time, which was started about a year ago. Almost half of those participants have settled, taken licenses. We expect to settle away the rest of that lawsuit with the defendants in the coming months. Next slide. From a clean water technology point of view, our strength is in the understanding and ability to manipulate carbonaceous materials. With that in mind and the huge expected U.S. market of at least $1.5 billion, we started in several years ago to create new technologies. We figured the best way to do that was to create laboratories that would allow us to design, develop, research, and enable us to produce new technologies for the industry. We have been very successful in that endeavor. We are in the final patenting stages of developments that we have created.
We're looking forward to entering the market solidly in 2026 and bringing these new technologies to commercial activity. We're projecting significant profit margins in the 30%-5 0% range with granular activated carbon. We've secured feedstock positions for that. We will make a significant impact on the GAC market through our firm next year. What is also very significant for us is that we're looking at, through the know-how that we've been able to bring into the company through additional hires of engineers and scientists, a very high-quality reactivation process. Moving forward, we have plans to build out a reactivation center in 2026 and have that up and running by the end of the year. Next slide. More affordable technologies for water purification is our goal. The problem, of course, is the PFAS and PFOA, or forever chemicals.
Our approach, through our engineering expertise, will be to use both virgin granular activated carbon and reactivated granular carbon and provide the testing and consulting services to utilities and engineers to be able to figure out how to make that best work for them. All across the country at this point, utilities are looking to figure a way to be able to capture the PFOA, PFAS, and do it at the most reasonable cost to keep the water rates down. We are working hand in hand with dozens of different utilities at this time, examining the chemistry in their water, examining their spent carbons, reactivating those spent carbons, and providing options for them to go forward as they try to meet the regulations, whether on a state level or eventually federally. Our team is a full-service team.
We very much look forward to commercially invigorating the market over the next year as we build out our reactivation center. We should be able to bring the news as to where that's going to be located sometime in the fourth quarter. Next slide. The PFOA, PFAS in the country is a major problem. This map shows the hotspots of PFOA, PFAS. As you're all aware, it's been in the news steady for the past year or more. It's a major problem that's not going to go away on its own. We've done a tremendous amount of research and will be bringing our services to market commercially early in 2026 to try to fight the pollution that they've all created. We very much look forward to bringing the news to market as we continue to grow.
At this point, with the analytical lab that we built in North Dakota and the design center in Pennsylvania, we're extremely well-positioned to be a leader in solutions for the industry as it goes forward and faces the forever chemical challenge. Next slide. Our proprietary reactivation process, which we have developed in-house, we see as being a real game changer in the OpEx of water utilities once their granular activated carbon systems are in place. The bottom line is, typically at this point in time, the cost per pound of high-quality granular activated carbon is about $2. It also requires, if you change out for new material every six to nine months, that you landfill the rest of the spent carbons that have been taken out. That, again, costs about $1 a pound.
As an option with our reactivation process, we'll be able to take the spent carbons from utilities, reactivate it, destroy the PFOA, PFAS, and supply fresh carbon back to them with 100% efficacy at about $1 plus a pound. This is a huge economic advantage and a fantastic way to reduce the environmental footprint of producing activated carbons in order to purify water. Our labs are set up to provide all of the support that's necessary for a utility to be able to figure out what steps they should be taking, what approaches they should be taking. We provide all of the know-how necessary and data to make sure they're in compliance. Next slide, please. When you compare virgin and reactivated carbon, as I mentioned, there's really no comparison.
In terms of efficacy and performance, we have proven that our reactivated carbons work as well as the very best of activated carbon that is provided in virgin state. The cost comparison is enormous in favor of reactivation. The environmental footprint, us being an environmental tech company, is very important to us. Unfortunately, the granular activated carbon that are produced for the industry are about 80% emissions. By reactivating rather than creating new carbons every time they're needed, you cut the environmental footprint tremendously. That is one of the value statements that we always want to bring to market through Birchtech. Next slide. The design centers that we put together are world-class and pretty much one of a kind. They're very well put together, staffed by a dozen top-notch scientists and engineers. Their focus is not to create commodity products.
It's to create real-world solutions that affect the everyday citizenry with reduced costs and clean water. With that as our mandate, we are moving forward to try to do for water what we've already done for air. That is to reduce the amount of material that's used to purify water and to also provide a solution that's very much a better economic approach in the long term. With the combination of the analytical lab and the reactivation and design center that we have in Pennsylvania, we're able to do full circle work and bring those results to the utilities. Next slide. The upcoming catalysts for the end of this year and next year are significant. We expect the final judgment from the U.S. federal court by the end of this year. The basic amount awarded by the jury was $57 million.
We expect that due to the willfulness, there will be strong consideration by the court with regards to the amount that we've asked for, which is $159.7 million. Our first commercial sales into the water treatment market were expected in Q4. In Q3, we made that announcement earlier this week, just slightly over $900,000 of product sales into the market, into a large Mid-Atlantic company. We very much expect to continue that level of sales on a regular basis as we go forward throughout the rest of 2025 and into 2026. We have approached the market with a broad sense, not just going after PFOA, PFAS, but water remediation in general and purification of industrial waters as well as drinking water.
As we bring all of that together through the next quarter, we'll be able to get a much better rounded picture for the market to see how we're competing out there. We've added a number of different salespeople to the company to back up the dozen engineers and technicians in our labs. We will be full-on commercial come the first quarter of 2026. We're also targeting the uplisting to a major U.S. exchange. We expect that to take place in the last quarter of this year. We're focused on the New York Stock Exchange. Everything is underway to make that happen. If the federal government gets back to work, we should see it come through in a timely fashion. We have increased revenues through additional settlements.
We've been announcing them on a fairly steady basis these past couple of months and expect to continue to do so until all of the defendants are settled away. With that will come, hopefully, new supply contracts as their old contracts expire. That should bode well for our run rate of new business through 2026. The beginning of the construction of our GAC reactivation facility is a major effort on our part. The permitting is underway. We would expect that that permit process will continue for another month or two. Once the permit process is established as being a positive result, we'll bring full notification to the market of where the plant will be located and its capacities. Next slide, please. That's it for the presentation, folks. I very much appreciate that you have joined us today.
I look forward to any questions, Mark, that may have come in.
Thank you, Rick. There is no shortage of questions. We'll just go straight to the viewer questions. The first one is, once the final settlement ruling, and I'm assuming that's the $57 million judgment, is made, do you then collect cash? From whom? What are the mechanics? I think the only thing I would add to that is, you know, are there any risks of delay or even reduction in the award?
The legal system allows for an appeal process. Whether or not the defendants elect to take that process is up to them. We feel very confident about our position regarding any appeal. One of the most recent statements from the court or opinion from the court very clearly identified the reasoning for the request for dismissals to be denied and for the charges that the jury found in our favor to continue. The court carried out a very detailed, astute review of the trial. We very much expect that we'll be in position to collect on whatever the final judgment is within the next year at the most.
The second question is, in the air business, some settlements, I think, involve a lower fee until their existing contracts expire. They step up when they renew with you. If that's correct, can you give us a sense of the timing of when these change over and what the step-up is?
Sure. That's a bit of a misnomer, but I can clarify what the gentleman or lady is trying to find out. We set the licenses based on the capacity factor of the plants. The larger the plant, the larger the value of the license. With regards to the actual supply side of the business, it will depend on how long the present client, the present contract with that client is in place. There is no actual step-up. We basically then would compete for the business upon renewal. In some cases, we have a ROFR, a right of first refusal, in the bidding process. That positions us at the head of the queue. That stuff will all be determined as we go forward. The wins that we have in that area will be announced as we earn them.
The next question is, would you please comment on the $1 million in purchase orders just announced?
Sure. That is part of our overall water treatment business. It actually was for the treatment of water at a power plant. Power plants require materials, chemicals to condition their water that they use in their power processes. Of course, us spending the last 15 years working in the power industry have created a number of different relationships with dozens of different outlets across the country. We are very well positioned to earn this business going forward now that we've secured the analytical capacity and the personnel to be able to take advantage of those relationships that we've developed.
The next question is, you had previously said you would be providing updated forecasts for 2026 and Q4 of 2025. Is that still the case?
Yes, we're looking forward to doing that. As you may be aware, we've most recently been picked up with full coverage by Lake Street , a very well-known institutional bank. As part of our work in moving forward, we'll be bringing forward projections as expected for institutional investors. That will all combine with our move on to the New York Exchange next month.
That's a good segue into the next question. I know you have intentions to uplist to the New York Stock Exchange at some point this year. Will you go forward with that if you haven't received a final judgment from the Delaware case? I know there's another question down in the queue asking about the potential for a share consolidation.
Yes, so all of those things are on the table for review. It very much to the board and myself seems apparent that the company story and the growth potential in front of it, along with the backstop of a significant award, warrants that we move on to a major board where we would see the potential for volume in our stock trading and appreciation best received. Yes, is the answer. We do plan on moving forward onto the New York Stock Exchange this last quarter. We would expect and hope that the organic growth of the company will move us along nicely in that effort.
The next question is, can you comment on sales receptions for the water purification business?
I'm sorry, Mark. Sales receptions?
Yeah, could you comment on sales reception for the water business? In other words, I think what he's asking is, how well received are your plans to commercialize the water treatment business?
Sure. So far, very, very well. We have a very solid pipeline in that business at this point. We've not given guidance, and as I mentioned, would hope to do so later in the fourth quarter post-uplisting. Yes, from all we've seen so far, we're being received very well. It's an interesting market to break into. It takes a lot of time and effort, relationship building. The salespeople that we have hired have that. The engineers and scientists that we have working in our laboratories are top-notch. We have a team that's well equipped to move forward. We very much expect that our research facilities will actually become a profit center in the new year, given the amount of analytical work that we're doing for utilities in order to help them meet their PFOA, PFAS regulations.
What states or regions are you or will you be targeting in the water utility market to start?
I would like to reserve comment on that. We're still in a very competitive state. I would look forward to announcing where our first plant will be once we get to that in the coming months before the end of the year. At this point, I'd rather not respond to that.
OK. Another question is, is consulting revenue significant enough to report on?
Not yet, but I expect it will be. About two years ago, I tried to buy a research facility. They weren't willing to sell at the time, so we went ahead and built our own facilities out. We've invested over $5 million in developing this water business to date. I really thought that it was going to be mostly for research and development and doing work with our clientele once we established that clientele. It's turned into a real hub of activity working with engineering firms and water utilities as they all struggle to figure out what's the best way forward. I see that side of our business as being a strong profit center. We will make some projections as to what that means probably in the first quarter of 2026 once we get to a little bit of a plateau on the ramp up.
Is thermally reactivated a fancy term for basically burning it again and creating "new carbon"?
Yes, with a huge amount of intellect and know-how to do so. There are many people that have tried and failed to do it properly. We're very fortunate to have Dr. David Mazyck at our helm, who is one of the leading scientists and engineers in the field in the country, as well as in the world.
Are you seeing an increase in activity around coal, given the Trump administration's efforts to reinvigorate the U.S. coal industry and extend the lives of power plants that were originally slated to close earlier?
Yeah, definitely. The AI drive is keeping the power plants, especially the coal plants, flat out. I think the administration did a great thing by setting aside what we call 2.0 mercury rules. It's kept a lot of plants open that otherwise may not have stayed open. It's kept plants that were destined to shutter to keep from doing so. The coal business is solid and strong at this point in the U.S. I expect it to remain so, if not grow, in the coming years.
Rick, I think we're nearing the end of our time. I think I'll turn it over to you to make any closing comments.
Sure. Mark, thank you very much. Folks, thanks for joining us. We're at a real pivotal stage with the company, a lot happening over the next eight to 10 weeks in particular. Please stay tuned. We'll be issuing press releases on a regular basis as things change. We're moving into the institutional investor world rapidly over these next six to eight weeks and bringing a great deal of news to the market due to a lot of things that we've been working on under the radar for the last couple of years. Very much looking forward to staying on top of this with you. Thank everybody for paying attention to the Birchtech story. Thank you.
Thank you, Rick, for joining us.
My pleasure.