Ada-es, inc. to present at upcoming investor conferences
Littleton, colo.--(business wire)--ada-es, inc. (nasdaq:ades) (“ada”) today announced that michael d. durham, president and ceo, and mark mckinnies, senior vice president and cfo, will be presenting at the following investor conferences: brean murray, carret & co. global resources & infrastructure conference date: wednesday, february 29, 2012 time: all day 1x1 meetings; no formal presentation location: the sentry centers, new york, ny roth capital partners 24th annual roth conference date: wednesday, march 14, 2012 time: formal presentation at 12:30 p.m. pdt location: the ritz-carlton, dana point, ca a copy of the slides to be used at these events will be available via the investor information section of ada’s web site, www.adaes.com dr. durham commented, “we remain optimistic about the opportunities for significant cash flows in 2012 and beyond, driven by the 2011 installation of additional refined coal (“rc”) facilities and the continuing contribution of two currently operating rc facilities.” clean coal solutions, llc (“ccs”), ada’s joint venture with an affiliate of nexgen resources corporation and an affiliate of the goldman sachs group, inc., is marketing two different, low cap-ex cyclean™ and m-45™ technologies, both of which reduce emissions of nox and mercury, and qualify for irs section 45 tax credits of over $6.33 per ton of rc for the next 10 years. with the initial “placed-in-service” requirements having been met during 2011 for 26 new rc facilities, ada expects several of these to begin routine operations in 2012. once the final utility site and tax equity partner have been determined, it takes an average of approximately six months to obtain permits for full-time operation, secure necessary approvals from public utility commissions and negotiate and complete all necessary contracts. we currently have received $15 million from one financial institution as initial deposits on 15 million tons of rc, which reserves its right to negotiate for specific rc facilities. we are currently in discussions with other major financial institutions and corporate investors to reserve the right to negotiate on a number of the remaining facilities. dr. durham continued, “we remain focused on advancing these new rc facilities to full-time operation, and continue to believe that by the end of 2012 ccs will have enough rc facilities in operation to be generating pre-tax income of approximately $50 million per year to ada for the remaining life of the tax credits after payments to our partners. we expect cash flows from the first of these new rc facilities to begin in the first half of 2012.” dr. durham concluded, “although rc represents our most significant near-term cash flows, we are pursuing other growth opportunities from our portfolio of emission control technologies that are designed to enable our energy industry customers to comply with increasingly stringent government regulations. in december, the epa announced that the mercury and air toxics standard (“mats”) will require over 1,200 coal-fired power boilers to reduce emissions of mercury and other hazardous air pollutants. we expect that mats implementation will expand the market opportunity for activated carbon injection (“aci”) systems to approximately $500-600 million, or 400-600 new systems over the next three years. we believe that we are well positioned to capitalize on this opportunity, given our 35% market share of aci systems sold to coal-fired power plants across the country. over the past 6 months, we have responded to a number of procurement requests for aci systems and we expect awards to be announced once mats is made final 60 days after it is published in the federal register. mats is also expected to create a $500 million market for dry sorbent injection (“dsi”) systems to control acid gases. we were recently notified that our bid for dsi systems for a power generator was selected and we are currently negotiating a contract for our first commercial dsi system. in addition, we expect that the mats regulation will create new markets for our other emissions control products that can help our customers comply with these regulations.” about ada ada 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: through our consolidated subsidiary, clean coal solutions, llc (“ccs”), we provide our patented refined coal (“rc”) cyclean technology to enhance combustion of and reduce emissions from burning powder river basin (“prb”) coals in cyclone boilers and our patent pending m-45 technology for other types of coal and boilers. both technologies reduce emissions of nox and mercury in coal fired boilers. we supply activated carbon injection (“aci”) 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 prb coal with reduced emissions of mercury and other metals. 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 and the presentation referenced in this press release will include 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 be limited to, statements or expectations regarding future contracts, projects, operations, demonstrations and technologies; amount and timing of rc production, revenues, earnings, operating income, cash flows and other financial measures; our ability to capitalize on and expand our business to meet opportunities in our target markets and profit from our proprietary technologies; scope, timing and impact of current and anticipated regulations and legislation; future supply and demand; the ability of our technologies to assist our customers in complying with government regulations; 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 ccs’s due diligence review of the m-45 technology and 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.
