ADA-ES, Inc. (NASDAQ:ADES) (“ADA”) today announced the hiring of Mr. Jonathan Lagarenne as the Executive Vice President in charge of Strategic and Corporate Development. Mr. Lagarenne has worked in the air pollution control (APC) industry for 22 years and brings significant experience in managing operations, growing business segments and business development. His executive leadership experience includes holding positions of General Counsel, Chief Operating Officer and Chief Executive Officer of Hamon Research Cottrell, Inc. (“Hamon”), a major supplier of emission control equipment. As CEO of Hamon, he led an effort that in three years increased revenues by 250% and operating profits by a factor of ten by revitalizing and refocusing the sales force. This new position was created to support ADA’s five year growth strategy to take advantage of the opportunities created by the newly finalized EPA Mercury and Air Toxics Standard (MATS). This new regulation is expected to generate a market in excess of a billion dollars for the low CAPEX emission control technologies that ADA provides. ADA believes that there are opportunities to expand its current product lines by utilizing the increasing cash flow being produced from the Company’s Refined Coal business. Dr. Michael Durham, ADA President and CEO, stated “Jon has worked with us as a business and legal consultant over the past five years on many of our strategic initiatives, and we have always appreciated his innovative, strategic, and collaborative approach to business creation. We are pleased that Jon will now be joining our executive team on a full-time basis.” About ADA-ES ADA-ES 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, CO2 and other emissions, maximize capacity, and improve operating efficiencies, to meet the challenges of existing and pending emission control regulations.
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.