Thank you very much. Good afternoon, ladies and gentlemen. Thank you very much for attending today. My name is Rick MacPherson. I am the Founder and CEO of Birchtech. We are the clean coal and clean water technology company, bringing more affordable contaminant control to North America. The forward-looking statements, of course, are being presented for your review, and a handout will be provided for you to get up to speed on all of it. Moving forward onto the presentation.
As an overview, we are a specialist in activated carbon technologies, and have been in the air pollution side of things for over 15 years now, operating successfully, commercially out of our base in Texas. We have $3.8 million in Q2 revenues, just reported. $78 million plus in a final judgment that was awarded to us about a year ago.
That finishes its appeal in the coming months, and we will be ready for collection. We have approximately $12 million on our balance sheet with no debt at this time as well. We are moving aggressively into clean water technologies. I will be talking more about that as we go through the presentation. Our legacy air business, that expansion of that market is underway. It has a finite ceiling on it.
I do expect, however, that we will be able to max out somewhere in the plus $30 million range as we continue to grow. Last year, we had a number of different settlements that we expect to turn revenue product sales into real sales in the coming months as we go forward. We also have some very significant discussions underway at this time to add to our growing air or legacy business.
Moving into the water side of things, we are extremely pleased to have grown nicely on the water side of our business. The annual PFAS compliance cost is estimated to be in the $1.5 billion annual range at this time. We do expect that to be growing as well, in the coming years. There are over 50,000 community utilities operating across the U.S., and over 50% of those either have or will be adopting activated carbon, granular activated carbon specifically, as their means to capture the PFOA, PFAS, or forever chemicals.
We find that this will be the best available technology, and that is what we are focusing on as we grow into that market. Harmful PFAS contamination is widespread across the country. As you can see from the map here, very huge concentrations of PFOA, PFAS, or forever chemical contaminants in the water supply throughout the country.
The problem with these chemicals, of course, is they do not break down. So they have to be removed in order to make the drinking water safe. We have a different approach to the market. We have taken a data first or research first approach to the market. We continue to do so, having built out what we think is the finest laboratory of its kind in the country in North Dakota.
Also our design center or full scale, pilot scale operation, in State College, Pennsylvania. Combined these two facilities, which are all paid for out of operations over these past three years, are providing a huge boost to the engineering companies across the country that are studying strategies to remove PFOA and PFAS for their clients.
And so we have been building relationships with engineering firms over these past couple of years and have now become, in large part, the tip of the spear for many of these firms in terms of being able to bring solutions back to their clients of how they should go about capturing PFOA, PFAS, not just to get into compliance, but for the long term and to do that as economically as possible.
We have other water treatment solutions as well. We are very much invested in the resin line, and we will be launching our own branded resin lines as we move forward into 2027. But our main approach going forward for the business long term will be carbon regeneration and our own in-house developed process to be able to rejuvenate spent carbons in a very economical fashion with 100% efficacy of what the very best of virgin carbons can produce.
We find that a sustainable, more affordable PFAS compliance approach would be best suited for smaller to mid-size communities, and that is the market that we are focused on. The mid-size and down communities, or more or less the bedroom communities of the large entities that we will be presenting to as well. We have the hands-on approach, engineering knowledge, and consultant approach that should benefit these communities nicely as we introduce them to our rejuvenation of processes and our additional lines that we will be able to sell them.
From a financial summary, a couple of key points. As you can see, we have good solid growth year-over-year. And we have a very extraordinary amount of capital yet to come into the company that is not on the balance sheet. But we had a $78 million federal court case award, which was awarded to us. Now the defendants are going through their final appeal process, but we expect that to come to conclusion in the near future.
And that $78 million, which is now over $80 million due to interest, we expect to form part of our long-term ongoing balance sheet. Now, some recent and upcoming catalysts. The $78 million, which I have already discussed in final judgment. Now, all IPR challenges have also come on in, gentlemen. Have also been set aside. So we are now in a position where our patents cannot be attacked, especially by our remaining defendant, the Ameren Corporation. Now, the Ameren Corporation, that case against them, and the market really is not aware of this, but that is a very substantial case that was set aside when the IPRs were filed.
Now that they have been dismissed, that case is no longer to be set aside, and the court will be appointing a trial date in the near future, in the next few weeks, we expect. That case has substantial damage potential given the amount of infringement that we are assessing and the capacity factor of the plants that used our technologies for many years through Ameren.
I have reached out to the management of Ameren and am hoping that we can do a non-litigious solution to our situation. But should that not work out, we are prepared to go to trial. Caldwell Cassady & Curry, our longtime legal friends who have taken us through the Delaware win, will also be managing this next trial, should it come to that.
You will see some news in the coming weeks with regards to this Ameren case, which again, has a very substantial charge of damages that we will be applying to that case when you consider the precedent that was set in the Delaware case where we were awarded $78 million. We do expect more licenses ahead from the settlements that we made in 2025.
We do expect more product revenue to build into that basic air business. Our carbon regeneration facility, which we announced earlier this week, is underway. I expect to close on that in the coming weeks, hopefully within the next three, four weeks. That will allow us to move forward and take our water program to full circle. We started with our analytical facility in North Dakota, moved on into our design center or our full-scale pilot scale facility in State College, Pennsylvania.
What we will be able to do with this facility that we expect to have up and fully operable by the end of this year, is starting in 2027, bring not only its core business and services as an operating entity to the community, but also bring our regeneration services to the community and also along with it, a very substantial GAC supply side to the market.
We will have a three-part approach with this new acquisition, and I will be bringing some potential revenue numbers to the market once we close on that deal, which I expect, again, is going to be in the coming weeks. If you have any questions at this time, I have allowed a few minutes to go through some questions. As a company, we are very much a growth company at this point. Our legacy business is such.
It is a good, solid business with some good growth still in it. The upside for us as a firm and as an investor, you should look as a growing water company with a great deal of knowledge and know-how in carbonaceous materials with an excellent new technology that we are introducing to the market. I would say our potential as a company is tenfold what it was in the air business as we move into the water market and this multi-billion dollar opportunity.
As we bring our first full-scale facility up into commercial compliance by the end of the year, we will be able to see and show the market that we are now working with exactly what we can do and what the potential build-outs of additional plants will offer to the industry. We do have three separate plans for new operations to be built out from scratch. We expect to get the first one announced sometime this fall, and then we would follow on with what is expected to be at least a couple of more plants in 2027.
The first plant we would expect beyond this acquisition and set up the first full-scale plant that we would build from scratch, we would expect to have operating by end of 2027, and we would expect to have the second and third up and operating as we go through 2028. By the time we get to 2029, we would expect to have several plants up and running along with the core plant that we are now working to put together and have up and running by December.
I will just say, a lot of people, especially in this industry, have made large announcements and they are going to build huge plants with great outputs, but they have difficulty both in meeting the time frames and in keeping in budget. Our approach with this first acquisition is to get all of that out of the way before we start building from scratch new plants to meet the PFOS problem.
As we announce that new plant in the coming weeks and then get it up and running, have it fully on plane by the end of December, we will prove to both the investment community and to the industry that not only are our technologies great, but we can get a plant up and running underway and meeting the requirements of the clients. I think that is core critical to our long-term strategy to have that know-how and expertise and experience in hand. With that, I will open up for any questions anybody might have.
Thanks, Rick, for a great presentation. Yeah, if anyone has any