Ada-es schedules 2011 first quarter results and
conference call for thursday, may 12th
Littleton, colo.--(business wire)--ada-es, inc. (nasdaq:ades) (“ada” or the “company”) today announced that it will issue its financial results for the first quarter ended march 31, 2011 on thursday, may 12, 2011 at 6:00 a.m. et. michael durham, president & ceo, and mark mckinnies, senior vp & cfo, will conduct a conference call at 8:00 a.m. et on thursday, may 12, 2011. interested parties may participate in the call by dialing (877) 407-4019 (domestic) or (201) 689-8337 (international). please call in 10 minutes before the call is scheduled to begin, and ask for the ades call. the conference call will also be webcast live via the investor information section of ada’s website at www.adaes.com. to listen to the live call, please go the website at least 15 minutes early to register, download and install any necessary audio software. if you are unable to listen live, the conference call will be archived on the website. refined coal update clean coal solutions, llc (“clean coal”), ada’s 50:50 joint venture with nexgen resources corporation (“nexgen”), is progressing on the installation and sale/lease of new refined coal facilities that have to be placed in service by year-end. in march, clean coal committed to build the first six facilities to be available in early summer for installation. in april, clean coal committed to build an additional four facilities for a total of 10 that will be available to be put into service and qualify for the section 45 tax credits of $6.33 per ton of refined coal. these new systems will be capable of producing one to five million tons per year of refined coal. clean coal recently signed a $10 million letter of credit with a commercial bank to finance the building of these new facilities and any additional systems that are believed to be warranted. management will further address the refined coal opportunities and, to the extent possible and appropriate, the recording of the norit award amounts on the 2011 first quarter conference call. investor conference presentations dr. durham and mr. mckinnies will address institutional investors at the jmp securities 10th annual securities research conference on monday, may 9, 2011 at 3:30 p.m. pacific time at the ritz carlton in san francisco. the two ada executives will also participate in the “energy efficient products & clean air technologies” panel at the fbr markets annual diversified industrials & energy conference on thursday, may 12, 2011 at 10:30 a.m. eastern time at the waldorf astoria in new york. the slide presentation used at the jmp securities conference will be posted, on the investor information section of the company’s website at www.adaes.com where it will be archived. additionally, the presentation slides will be filed as a current report on form 8-k with the u.s. securities and exchange commission on may 9, 2011. 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 systems, mercury measurement instrumentation, and related services. we also have a minority interest in ada carbon solutions (“ada-cs”), which has commenced operations at its ac production facility. 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. through our consolidated subsidiary, clean coal solutions, llc (“ccs”), we provide our patented refined coal technology, cyclean, to enhance combustion of and reduce emissions from burning prb coals in cyclone 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 timelines for our projects; the ability of ccs to build refined coal facilities to meet the extended placed in service date and to produce refined coal that qualifies for section 45 tax credits; 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; the impact of our ongoing legal proceedings; lack of working capital; availability, cost of and demand for alternative energy sources and other technologies; technical, start-up and operational difficulties; additional risks related to ccs including failure of its leased facilities to produce coal which qualifies for irs section 45 tax credits and failure to build new facilities to meet the recently extended section 45 tax credit placed-in-service date for irs section 45 tax credits; loss of key personnel 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 our forward-looking statements and to consult filings we make with the sec 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.
