ADA-ES, Inc. (NASDAQ: ADES) (“ADA”)
today announced that Dr. Michael Durham, President and CEO of ADA, will close The NASDAQ Stock Market by ringing the Closing Bell on Tuesday, August 14
, 2012. Dr. Durham will be joined by members of ADA’s executive team and Board of Directors.
In addition to being broadcast on national business television at 4:00 p.m. ET, the bell-ringing ceremony will be webcast live on NASDAQ's website and on the NASDAQ MarketSite® Tower in New York City's Times Square. Interested parties can go to
beginning at 3:50 p.m. ET to view the closing ceremony. Viewers must have Windows Media Player to view the web cam.
Dr. Durham commented, "Being listed on NASDAQ has been crucial to our success as a public company, and ringing the NASDAQ closing bell is a great honor for ADA. Since listing on NASDAQ in January 2004, we have evolved into a leading provider of low capex, emission control technologies for coal-fired power plants. Our pending acquisition of Bulk Conveyor Specialist Inc. (“BCSI”) will serve to vertically integrate our Dry Sorbent Injection (DSI) equipment business, provide new manufacturing and supply chain options for our portfolio of emission control solutions, and open markets that we are currently not serving. We remain optimistic for significant growth in revenues, profits, and cash flows in 2012 and 2013 from our Refined Coal activities, and are continuing to make significant progress in advancing our Activated Carbon Injection, DSI, and CO
ADA is a leader in clean coal technology and the associated specialty chemicals, serving the coal-fueled power plant industry. Our proprietary environmental technologies and specialty chemicals enable power plants to enhance existing air pollution control equipment, minimize mercury, CO
and other emissions, maximize capacity, and improve operating efficiencies, to meet the challenges of existing and pending emission control regulations.
With respect to mercury emissions:
- Through our consolidated subsidiary, Clean Coal Solutions, LLC (“CCS”), we provide our patented Refined Coal (“RC”) CyClean™ technology to enhance combustion of and reduce emissions from burning Powder River Basin (“PRB”) coals in cyclone boilers and our patent pending M-45™ technology for other types of coal and boilers. Both technologies reduce emissions of NOx and mercury in coal fired boilers.
- We supply Activated Carbon Injection (“ACI”) and Dry Sorbent Injection (“DSI”) systems, mercury measurement instrumentation, and related services.
- Under an exclusive development and licensing agreement with Arch Coal, we are developing and commercializing an enhanced PRB coal with reduced emissions of mercury and other metals.
In addition, we are developing CO
emissions technologies under projects funded by the U.S. Department of Energy (“DOE”) and industry participants.
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which provides a "safe harbor" for such statements in certain circumstances. The forward-looking statements include statements or expectations regarding the anticipated impact of the pending acquisition of BCSI, revenues, profits, and cash flows from our RC activities and related matters. These statements are based on current expectations, estimates, projections, beliefs and assumptions of our management. Such statements involve significant risks and uncertainties. Actual events or results could differ materially from those discussed in the forward-looking statements as a result of various factors, including but not limited to, changes in laws and regulations, government funding, accounting rules, prices, economic conditions and market demand; legal challenges to laws and regulations; difficulties in integration of BCSI operations; impact of competition; availability, cost of and demand for alternative energy sources and other technologies; technical, start-up and operational difficulties; inability to commercialize our technologies on favorable terms; our inability to ramp up operations to effectively address expected growth in our target markets; failure of CCS’ leased facilities to continue to produce coal which qualifies for IRS Section 45 tax credits; termination of the leases for such facilities; decreases in the production of RC by the lessee; seasonality; failure to monetize new CyClean and M-45 facilities; availability of raw materials and equipment for our businesses; loss of key personnel; intellectual property infringement claims from third parties; and other factors discussed in greater detail in our filings with the Securities and Exchange Commission (SEC). You are cautioned not to place undue reliance on such statements and to consult our SEC filings for additional risks and uncertainties that may apply to our business and the ownership of our securities. Our forward-looking statements are presented as of the date made, and we disclaim any duty to update such statements unless required by law to do so.