ADA-ES, Inc. (NASDAQ:ADES) (“ADA”) today announced that Michael D. Durham, President and CEO, and Mark McKinnies, Senior Vice President and CFO, will be presenting at the following investor conferences:
Brean Murray, Carret & Co. Global Resources & Infrastructure Conference
Date: Wednesday, February 29, 2012
Time: All day 1x1 meetings; no formal presentationLocation: The Sentry Centers, New York, NY Roth Capital Partners 24 th Annual Roth Conference Date: Wednesday, March 14, 2012 Time: Formal presentation at 12:30 p.m. PDT Location: The Ritz-Carlton, Dana Point, CA A copy of the slides to be used at these events will be available via the Investor Information section of ADA’s web site, www.adaes.com Dr. Durham commented, “We remain optimistic about the opportunities for significant cash flows in 2012 and beyond, driven by the 2011 installation of additional Refined Coal (“RC”) facilities and the continuing contribution of two currently operating RC facilities.” Clean Coal Solutions, LLC (“CCS”), ADA’s joint venture with an affiliate of NexGen Resources Corporation and an affiliate of The Goldman Sachs Group, Inc., is marketing two different, low cap-ex CyClean™ and M-45™ technologies, both of which reduce emissions of NOx and mercury, and qualify for IRS Section 45 tax credits of over $6.33 per ton of RC for the next 10 years. With the initial “placed-in-service” requirements having been met during 2011 for 26 new RC facilities, ADA expects several of these to begin routine operations in 2012. Once the final utility site and tax equity partner have been determined, it takes an average of approximately six months to obtain permits for full-time operation, secure necessary approvals from Public Utility Commissions and negotiate and complete all necessary contracts. We currently have received $15 million from one financial institution as initial deposits on 15 million tons of RC, which reserves its right to negotiate for specific RC facilities. We are currently in discussions with other major financial institutions and corporate investors to reserve the right to negotiate on a number of the remaining facilities.
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