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HIGHLANDS RANCH, Colo., May 28, 2014 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (Nasdaq:ADES) (the "Company" or "we") today announced that our Board of Directors (the "Board") has formed a Finance Committee ("the Committee") to evaluate opportunities around the most advantageous use of our future cash flows in order to maximize stockholder value. The Committee expects to retain third party advisory firms to assist with the evaluation of options, which may include alternative corporate structures, establishing dividend policies, or tax efficient investments. Further, our Board expects to add an additional independent director with experience in such matters.
Dr. Michael D. Durham, our President and CEO said, "Our refined coal business is generating significant cash flows to the Company, which we expect to increase substantially in the coming years. The Company is committed to find the best ways to maximize the value of these cash flows to stockholders."
About Advanced Emissions Solutions, Inc.
Advanced Emissions Solutions, Inc. (Nasdaq:ADES) serves as the holding entity for a family of companies that provide emissions solutions to customers in the power generation and other industries.
ADA-ES, Inc. ("ADA") supplies Activated Carbon Injection ("ACI") systems for mercury control, Dry Sorbent Injection ("DSI") systems for acid gases, and technology services and other offerings in support of our customers' emissions compliance strategies. ADA's M-Prove
TM technology, which reduces emissions of mercury and other metals from PRB coal, is applied directly to coal at power plants, or offered through a licensing agreement with Arch Coal for application at their mines. In addition, we are developing technologies to advance cleaner energy, including CO2 emissions control technologies through projects funded by the U.S. Department of Energy ("DOE") and industry participants.
Clean Coal Solutions, LLC ("CCS"), is a 42.5% owned joint venture by ADA that provides ADA's patented Refined Coal ("RC") CyClean™ technology to enhance combustion of and reduce emissions of NOx and mercury from coals in Cyclone Boilers and ADA's patent pending M-45™ and M-45-PC™ technologies for Circulating Fluidized Boilers and Pulverized Coal Boilers respectively. Advanced Emissions Solutions consolidates the results of CCS in its financial statements.