02.06.2008 12:30:00
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ADA-ES Awarded Contracts for Four Mercury Control Systems
ADA-ES, Inc. (NASDAQ: ADES) is providing an update on its sales and
supply of activated carbon injection (ACI) systems that control mercury
emission from coal-fired electrical generating units. During April and
May, ADA-ES has been awarded four contracts for ACI systems to be
delivered in late 2008 and 2009.
The awards are for existing power plants in the mid-Atlantic and north
central regions and a new plant in the south western region of the
United States. Two of the plants utilize bituminous coal and two plants
utilize Power River Basin coal for their fuel supply. These four plants
represent a total of 2,056 MWs of generating capacity.
Dr. Michael Durham, President & CEO of ADA-ES stated, "These
awards are the result of state mercury emissions regulations for
existing plants and strict emissions standards required to build a new
coal-fired power plant. We expect these existing regulations will be the
primary drivers of demand for ACI systems and activated carbon through
2010. In addition, the May 20th denial of EPA’s
petition for an en banc rehearing on CAMR by the DC District Circuit
Court will likely lead to a stricter federal mercury emission rule in
the near term. This will create an even larger market for our mercury
control products beyond 2010.” 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, 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 information within the
meaning of Section 21E of the Securities Exchange Act of 1934, which
provides a "safe harbor" for such statements in certain circumstances. These statements are based on current expectations, estimates,
forecasts, projections, beliefs and assumptions of our management. The
forward-looking statements contained in this release include: our
expectations concerning market demand and the likelihood of a stricter
federal mercury emission rule. 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, demand for alternative energy sources, changes in
laws or regulations, and availability of raw materials, among other
factors, all of which we discuss in greater detail in our filings with
the U.S. Securities and Exchange Commission, with particular emphasis on
the risk factor disclosures contained in those filings. You are
cautioned not to place undue reliance on the forward-looking statements
made in this release, and to consult filings we make with the SEC for
additional discussion concerning risks and uncertainties that may apply
to our business and the ownership of our securities. The
forward-looking statements contained in this press release are presented
as of the date hereof, and we disclaim any duty to update such
statements unless required by law to do so.
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