ADA-ES Awarded Contract By DOE To Develop Improved Activated Carbon Production Process.LITTLETON, Colo. -- ADA-ES, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADES (language) ADES - An early system on the IBM 704. Version: ADES II. [Listed in CACM 2(5):16 (May 1959)]. ) today announced that it has been awarded a contract by the Department of Energy to develop an improved activated carbon (AC) manufacturing process that is expected to be more cost effective and generate greater production volume than existing processes. Activated carbon is the key chemical used in ADA-ES' mercury control technology. This is a low capital cost technology in which the largest cost element is the sorbents. Therefore, the commercial sales of the technology should benefit from a decrease in the cost of sorbent sorbent /sor·bent/ (sor´bent) an agent that sorbs; see absorbent and adsorbent. sorbent an agent that sorbs. production. In addition, the anticipated large scale of the developing utility market for AC is expected to require substantially greater production capacity for activated carbon than currently exists. Currently, activated carbon is manufactured primarily for water treatment applications, with a U.S. market of approximately $200 million per year. The expected market for mercury control in the power industry could increase the demand to $1-2 billion per year. ADA-ES' ADESORB(TM) process could dramatically reduce manufacturing costs and increase capacity of both existing and new activated carbon production facilities. The ADESORB(TM) process is based on the pioneering research efforts of Dr. Ramon Bisque bisque 1 n. 1. a. A rich, creamy soup made from meat, fish, or shellfish. b. A thick cream soup made of puréed vegetables. 2. Ice cream mixed with crushed macaroons or nuts. , former Chairman of the ADA-ES Board of Directors. The initial $100,000 of Phase I funding from DOE will be used for laboratory and slipstream To fix a bug or add enhancements to software without identifying such inclusions by creating a new version number. testing to fully develop and refine the steps of the ADA-ES manufacturing process. These funds will provide the resources to evaluate the key processing variables. The Phase I project will be conducted over the next six months to define processing parameters that produce an optimized sorbent at the lowest manufacturing cost. DOE Phase II follow-on projects are funded at a level of $750,000, which, if awarded, would begin mid-2007 to support an effort to scale up the manufacturing process and produce sufficient quantities of the sorbent to use in a full-scale mercury control test at one or more coal-fired power plants. "This program is very timely. The mercury control marketplace continues to develop at a rapid pace, as evidenced by the contracts covering seven units we have executed so far in 2006," said Dr. Michael Durham, President of ADA-ES. "New mercury emissions regulations being promulgated prom·ul·gate tr.v. prom·ul·gat·ed, prom·ul·gat·ing, prom·ul·gates 1. To make known (a decree, for example) by public declaration; announce officially. See Synonyms at announce. 2. by individual states and the federal government are driving the growth of this market. Increasing the production of activated carbon to support commercial systems is essential for the market to fully develop." About ADA-ES Headquartered in Littleton, Colorado The City of Littleton is a home rule municipality located in the Denver Metropolitan Area of the State of Colorado. As of 2005, the city is estimated to have a total population of 40,396.[1] Littleton is the 17th most populous city in the State of Colorado. , ADA-ES, Inc. develops and implements proprietary environmental technology and specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. that mitigate the environmental impacts from electric power and industrial companies, while reducing their operating costs operating costs npl → gastos mpl operacionales . This press release and the referenced conference call contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which provide a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for such statements in certain circumstances. Such statements include expected results for the ADESORB(TM) process, increases in demand for activated carbon production capacity and increases in commercial sales and market demand for mercury control systems, which all involve significant 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 changing economic conditions and market demand for ADA-ES' products and services, changes in technology, failure to satisfy performance guarantees, federal funding, laws or regulations, results of demonstrations of the Company's and other licensed technologies, operational difficulties, availability of skilled personnel, and other factors discussed in the Company's filings with the U.S. Securities and Exchange Commission. |
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