ADA-ES Awarded Contract for Mercury Control System

Mon Nov 2, 2009 8:30am EST
 
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LITTLETON, Colo.--(Business Wire)--
ADA-ES, Inc. (NASDAQ: ADES) today announced that it has been awarded a contract
to supply an Activated Carbon Injection ("ACI") system for a new coal-fired
generating unit located in the Midwestern United States that will burn low
sulfur Powder River Basin ("PRB") coal. ADA-ES expects to deliver this system to
the new generating unit by the end of the second quarter of 2010, with startup
anticipated in the first quarter of 2011 once the new coal-fired generating
facility has been completed. 

Dr. Michael Durham, President & CEO of ADA-ES, commented, "This contract is part
of a new generation facility currently under construction. The current markets
for our mercury control systems and powdered activated carbon sorbents are being
driven by regulations in 18 states, new power plants being constructed, and
regulations in several Canadian provinces. Once the ACI system is up and
running, it will require a continuous supply of activated carbon to control
mercury emissions, which will be procured under a separate contract." 

About ADA-ES

ADA-ES is a leader in clean coal technology and the associated specialty
chemicals. The Company develops and implements proprietary environmental
technology and specialty chemicals that enable coal-fueled power plants to
enhance existing air pollution control equipment, maximize capacity and improve
operating efficiencies. Through its largest and fastest-growing segment, Mercury
Emission Control, ADA-ES supplies activated carbon injection systems, activated
carbon ("AC"), mercury measurement instrumentation, and related services. To
meet the needs of the power industry for mercury control, a joint venture of the
Company is developing state-of-the-art facilities to produce AC with the first
plant (the "AC Facility") projected to come on-line in 2010. Additionally, the
Company is developing technologies for power plants to address issues related to
the emissions of carbon dioxide. 

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 included in this release include statements regarding the expected
delivery and startup dates of the ACI system and timing of commencement of
operations at the Company's AC facility. 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; impact of competition and litigation;
availability, cost of and demand for alternative energy sources and other
technologies; operational difficulties; availability of capital, raw materials,
equipment and skilled personnel; failure to satisfy performance guaranties;
risks related to the AC Facility such as changes in the costs and timing of
construction, failure to raise additional financing or satisfy conditions in
existing agreements and inability to sign or close acceptable coal supply and
off-take agreements in a timely manner; 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.

ADA-ES, Inc.
Michael D. Durham, Ph.D., MBA, President
Mark H. McKinnies, Senior VP & CFO
303-734-1727
www.adaes.com
-or-
Investor Relations Counsel:
The Equity Group Inc.
www.theequitygroup.com
Melissa Dixon, 212-836 9613
MDixon@equityny.com
Linda Latman, 212-836-9609
LLatman@equityny.com

Copyright Business Wire 2009

 

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