ADA-ES, Inc. (NASDAQ:ADES) (“ADA” or the “Company”) today announced the relocation of its corporate headquarters to 9135 S. Ridgeline Blvd, Suite 200, Highlands Ranch, Colorado, 80129. ADA will occupy the entire second floor (approx. 30,000 sq. ft) of the office building, which represents a significant increase in work space and allows the Company to consolidate personnel to a single building from five separate buildings at its former location in Littleton, Colorado. The move will accommodate ADA’s anticipated growth as it builds infrastructure to meet customer-driven demands for emissions control technology and services. The new location features larger and more efficient office spaces, meeting areas, as well as updated telecommunications and teleconferencing technology, and a freshly redesigned work environment. The facility will comfortably accommodate up to 100 employees and will also serve as the base for future on-site seminars, training sessions, board meetings, and Company meetings. The new location is in close proximity to major transportation facilities, hotels, and local businesses. Additionally, ADA has the first right of refusal to adjacent office space within the same building should the Company have further need of expansion. Dr. Michael Durham, President and CEO of ADA stated, “The new space allows us to accommodate for recent rapid growth of the Company as well as extensive additional growth expected to result from new EPA regulations limiting emissions from coal-fired boilers. The new regulations, which were finalized on April 16, 2012, will require 1200 coal-fired boilers to reduce emissions of mercury and acid gases. ADA has several different control technologies to help our power customers meet these regulations. Since 2010, we have seen our staff increase by greater than 65%. We expect additional growth in the future and we also expect our revenues to grow from $20 mm in 2010 to over $200 million by the end of 2014.”
Investors considering a purchase of Advanced Emissions Solutions Inc shares, but tentative about paying the going market price of $21.87/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April put at the $20 strike, which has a bid at the time of this writing of $1.20.
In trading on Friday, shares of Advanced Emissions Solutions Inc crossed above their 200 day moving average of $21.66, changing hands as high as $21.70 per share. Advanced Emissions Solutions Inc shares are currently trading up about 4.5% on the day.