ADA-ES Files Air Permit Application for New Activated Carbon Manufacturing Facility in North Dakota.Follows Similar Application Filed by ADA-ES Last Month for Plant in Louisiana 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 its wholly-owned subsidiary, Underwood Environmental Products, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (UEP UEP Unequal Error Protection UEP United Egg Producers UEP United Effort Plan (Fundamentalist Latter Day Saints sect) UEP University of Eastern Philippines UEP Uniform Error Property UEP Unitary Extension Principle ) filed the air permit application with the North Dakota North Dakota, state in the N central United States. It is bordered by Minnesota, across the Red River of the North (E), South Dakota (S), Montana (W), and the Canadian provinces of Saskatchewan and Manitoba (N). Department of Health (NDDH NDDH North Devon District Hospital (UK) ) to build what would be the world's largest activated carbon (AC) production facility. The permit application covers two production lines capable of producing up to a total of 350 million pounds of AC per year. The air permit is required to begin construction of the new plant. In August, ADA-ES filed an air permit application to build a similar facility in Louisiana through another wholly-owned subsidiary, Red River Environmental Products, LLC. The permit time lines and overall business environment will dictate whether this facility in North Dakota or the Louisiana site will be chosen as the first to be built. ADA-ES has secured the rights to acquire property in McLean County McLean County is the name of several counties in the United States:
The Company has made significant progress with its plans to develop AC production plants, enabling the project to stay on schedule to meet the anticipated increased demand for AC, which the Company predicts will reach an additional 400 million pounds per year by 2010, and up to a billion pounds per year by 2012 to 2015. Recent awards of contracts to ADA-ES, including 15 systems announced in the past two weeks (if all options included in these contracts are exercised) to inject AC at power plants for mercury control continue to validate the projected size of this market. Obtaining the operating permits and securing financing in the first quarter of 2008 would allow ADA-ES to begin construction at that time, enabling AC production to meet anticipated 2010 market timing. ADA-ES recently announced the engagement of Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. to advise on the raising of debt and equity for the capital project. These large-scale production facilities are being designed to maximize efficiency and produce the most cost-effective AC product for the mercury control market. In addition, ADA-ES believes the facility will be the most environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] AC production plant ever built. ADA-ES' first production line is expected to produce enough AC annually to reduce mercury emissions at approximately 10% of current U.S. coal-fired generating capacity. ADA-ES will continue to evaluate the market for the AC product, and will use that information to determine the timing for additional plants needed to meet this market. Upon completion of its first facility, ADA-ES anticipates that it will assume a leadership role in the manufacture of AC for mercury reduction in the coal-fired power industry. A project of this size will capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the Company's position as a market leader in providing mercury control equipment and engineering services for utilities operating coal-fired boilers. By maintaining its construction schedule, the Company expects to synchronize See synchronization. production of AC with the expected growth in the AC market. Because of the advanced stage of this project, ADA-ES is currently marketing long-term supply contracts for this critical component for reducing mercury emissions from coal-fired boilers. The Company is also negotiating with strategic partners in the energy industry to provide equity and strengthen the financial resources of the project team. About ADA-ES Headquartered in Littleton, CO, 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 The selective and controlled use of electromagnetic, acoustic, or other emitters to optimize command and control capabilities while minimizing, for operations security: a. detection by enemy sensors; b. mutual interference among friendly systems; and/or c. , ADA-ES supplies activated carbon injection systems, mercury measurement instrumentation, and related services. Additionally, the Company is implementing plans to produce and supply activated carbon. This press release contains 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 are prefaced by words such as "anticipates," "believes," "hopes," "expects," "intends" and "plans," or words of similar meaning. The forward-looking statements contained in this release include: our expectations concerning the growth of the market for mercury control and activated carbon for such market; and the size of such markets; our perceptions of the Company's position in those markets; our plans for expansion of our capabilities to serve those markets; our plans for building an activated carbon plant, the size, production capability and environmental impact of such plant; expected sources of raw material; expected timing of commercial operation and expected results from the Company's development of such a plant. Such statements involve significant risks and uncertainties, which could cause actual events or results to 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, availability of and demand for alternative energy sources, ability of the Company to secure necessary permits, access to raw materials, competition, failure to satisfy performance guarantees, the availability of federal funding, the availability of either private and/or public funding Public funding is money given from tax revenue or other governmental sources to an individual, organization, or entity. See also
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