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ADA-ES Schedules Conference Call to Discuss Potential Financial Impact of Recent Events Announced by the Company

BUSINESS WIRE    7/14/2010 10:10:00 AM    ReadCount:612

ADA-ES, Inc. today announced that it will hold a conference call at 10 a.m. EDT on Thursday, July 15, 2010, to provide additional information regarding the expected financial impact of recent material agreements and awards announced by ADA over the past two weeks, including:
-- The entry into a technology development and licensing agreement with Arch Coal that provided $2 million in immediate cash and potential future royalties of up to $1/ton based on future sales of coal that incorporate the technology.
-- The entry into leases for two Refined Coal facilities that provided $4.5 million in up-front cash to ADA, and which we anticipate will generate an average of $13 million per year in expected consolidated revenues and $6.5 million per year in pre-tax cash flow for ADA over the next 10 years.
-- The selection for negotiations leading to award by the Department of Energy (DOE) of our application for a $14 million, 39 month project to scale up solid-sorbent based CO2 capture technology, including co-participation by industry partners.
Dr. Michael Durham, ADA's President and CEO, and Mark McKinnies, ADA's CFO will provide additional details on these contracts and will also answer questions. The two ADA executives will also bring listeners up to date on other business areas including expectations for ADA's minority interest in ADA Carbon Solutions and the activated carbon manufacturing plant in Red River Parish, Louisiana.
Dr. Durham commented, "These recent positive events not only fortify our balance sheet with a significant infusion of cash, but should also provide ADA with considerable continuous cash flow over the next decade. As a result, we should have the financial resources to grow ADA by utilizing our technological leadership, industry associations, and market know-how to take advantage of the business opportunities resulting from pending emission control regulations."
To participate in the live conference call which takes place at 10:00 a.m. EDT on Thursday, July 15, 2010, interested parties should dial (888) 787-0460; international callers may dial in using (706) 679-3200. Please call in 10 minutes before the call is scheduled to begin, and ask for the ADA call (conference ID # 87876871).
The conference call will also be webcast live via the Investor Information section of ADA's website at
www.adaes.com. To listen to the live call please go the website at least 15 minutes early to register, download and install any necessary audio software. If you are unable to listen live, the conference call will be archived on the website.