ADA-ES Terminates Mercury Control Market Development Agreement; Company to Pursue Vertical Integration.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 terminated its Market Development Agreement ("MDA (1) (Monochrome Display Adapter) The first IBM PC monochrome video display standard for text. Due to its lack of graphics, MDA cards were often replaced with Hercules cards, which provided both text and graphics. See PC display modes and Hercules Graphics. ") with Norit Americas, Inc. ("Norit"), effective December 6, 2006. Under the MDA, ADA-ES had been working exclusively with Norit to develop the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market for powdered activated carbon injection systems and sorbents for purposes of reducing mercury emissions from coal-fired boilers. The Company believes that the termination of the MDA will not have a material adverse effect on ADA-ES' business or results of operations. Dr. Mike Durham, President of ADA-ES, stated, "Since ADA Ada, city, United States Ada (ā`ə), city (1990 pop. 15,820), seat of Pontotoc co., S central Okla.; inc. 1904. It is a large cattle market and the center of a rich oil and ranch area. is no longer bound by the exclusivity of the MDA with Norit, we intend to pursue other sourcing options for activated carbon and injection equipment including, as previously announced, the Company's vertical integration into the production of both of these key components of our mercury Our Mercury is a Canadian Indie Rock band. It's members are singer/guitarist Ben Stevenson, drummer John Watson, bassist Joseph Lubinski-Mast, and keyboardist Eric Budd. History control technology." 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 that mitigate the environmental impact from electric power and industrial companies while reducing operating costs. This press release contains forward-looking statements 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. These statements include the Company's expectations with respect to the effect termination of the MDA will have on its business and operations, and its proposed activities concerning sourcing options for activated carbon and injection equipment. Such statements 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, the ability of the Company to locate alternative sources for these items on acceptable terms and/or to locate suitable candidates for possible acquisitions on terms acceptable to the Company and its financing sources, changing economic conditions and market demand for ADA-ES' products and services, changes in technology, changes in laws or regulations, results of demonstrations of ADA-ES' and other licensed technologies, operational difficulties, availability of skilled personnel, and other factors as discussed in the Company's filings with the U.S. Securities and Exchange Commission. |
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