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ADA-ES Contract Award and Update
Monday, September 14, 2009 8:30 AM


Sep. 14, 2009 (Business Wire) -- ADA-ES, Inc. (NASDAQ: ADES) today announced that it has been awarded a contract to supply an Activated Carbon Injection (“ACI”) system for an existing coal-fired generating unit located in the Midwestern United States. This generating unit produces 600 gross megawatts of electricity and utilizes low sulfur Powder River Basin (PRB) coal from Wyoming. ADA-ES expects to deliver this system by the end of the second quarter of 2010, with startup anticipated in the third quarter.

Michael Durham, President & CEO of ADA-ES, commented, “This contract is with a power company that has purchased our ACI systems in the past. The current markets for our mercury control systems and powdered activated carbon sorbents are being driven by regulations in 16 states, new power plants being constructed, and regulations in several Canadian provinces. Once the equipment is up and running, it will need a continuous supply of activated carbon (“AC”) to control mercury emissions.”

The Company is also providing the following updates:

  • The Norit trial, which was originally scheduled for September 21st, was rescheduled by the Court to commence on October 19th in order to allow the Court to consider a multitude of pending pretrial motions filed by the parties.
  • The Company has been notified by the Department of Energy (DOE) that because its carbon dioxide capture technology is still under development and not yet commercial, it did not qualify for funding through the current solicitation. ADA expects additional DOE funding opportunities during the next 6-12 months that could be more appropriate for its solid-sorbent based technology for carbon dioxide capture.
  • Related to the Company’s CyClean joint venture with NexGen, the Company has learned from the IRS that it is continuing to develop guidance on specific details to demonstrate qualification for the Section 45 tax credits. Their publicly announced schedules for the guidance have passed, and the IRS has not provided any expectations on when it intends to release information on this topic. While negotiations with interested customers for CyClean continue in earnest, prolonged delays on the release of IRS guidance may limit the number of potential qualifying systems that can be placed in service before year-end. Once guidance is released, it will be available on the IRS website.

About ADA-ES

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.




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