Ada-es announces relocation of corporate headquarters to accommodate
growth
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.
