
Company Website:
http://www.adaes.com
HIGHLANDS RANCH, Colo. -- (Business Wire)
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.”
Dr. Durham concluded by inviting ADA’s friends, vendors, shareholders
and customers to an Open-House of its new facility on May 11, 2012, from
4:00 to 7:00 pm. For additional information regarding this event, please
contact Marki Morison-Gille at 303-737-1727 extension 8868.
ADA currently has 90 employees and regional offices in Illinois,
Maryland, Georgia and Pennsylvania.
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.
With respect to mercury emissions:
-
We supply activated carbon (“AC”) injection 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 Powder River Basin
(“PRB”) coal with reduced emissions of mercury and other metals.
-
Through our consolidated subsidiary, Clean Coal Solutions, LLC
(“CCS”), we provide our patented Refined Coal (“RC”) CyCleanTM
technology to enhance combustion of and reduce emissions from burning
PRB coals in cyclone boilers and our patent pending M45TM technology
for other types of coal and boilers. Both technologies reduce
emissions of NOx and mercury in coal fired boilers.
In addition, we are developing CO2 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, but will not necessarily be
limited to, statements or expectations regarding future growth of the
Company; amount and timing of revenues; impact of regulations and
legislation; future demand for the Company’s products and services; 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,
prices, economic conditions and market demand; timing of regulations and
any legal challenges to them; 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 the new CyClean and M-45
facilities; issues arising out of our inability to negotiate, execute
and close on definitive agreements for the license of the M-45
technology to CCS; 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.

Contacts:
ADA-ES, Inc.
Michael D. Durham, Ph.D., MBA, President & CEO
Mark
H. McKinnies, CFO
303-734-1727
www.adaes.com
or
Investor
Relations Counsel
The Equity Group Inc.
www.theequitygroup.com
Devin
Sullivan, 212-836-9608
DSullivan@equityny.com
or
Thomas
Mei, 212-835-9614
tmei@equityny.com
Source: ADA-ES, Inc.
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