ADA-ES Inc. (NASDAQ: ADES), a supplier of dry sorbent injection and activated carbon injection systems to operators of coal-fired plants, announced April 17 the relocation of its corporate headquarters to Highlands Ranch, Colo.
ADA-ES said it will occupy the entire second floor (about 30,000 square feet) of an office building, which represents a significant increase in work space and allows the company to consolidate personnel to a single building from five separate buildings at its former location in Littleton, Colo. The move will accommodate anticipated growth as it builds infrastructure to meet customer-driven demands for emissions control technology and services. ADA-ES also has the first right of refusal to adjacent office space within the same building should it have further need of expansion.
Dr. Michael Durham, President and CEO of ADA, stated: “The new space allows us to accommodate for recent rapid growth of the company as well as extensive additional growth expected to result from new EPA regulations limiting emissions from coal-fired boilers. The new regulations, which were finalized on April 16, 2012, will require 1200 coal-fired boilers to reduce emissions of mercury and acid gases. ADA has several different control technologies to help our power customers meet these regulations. Since 2010, we have seen our staff increase by greater than 65%. We expect additional growth in the future and we also expect our revenues to grow from $20 million in 2010 to over $200 million by the end of 2014.”
ADA-ES currently has 90 employees and regional offices in Illinois, Maryland, Georgia and Pennsylvania.
Besides the dry sorbent injection and activated carbon injection business lines, under an exclusive development and licensing agreement with Arch Coal (NYSE: ACI), the company is developing and commercializing an enhanced Powder River Basin coal with reduced emissions of mercury and other metals. Through consolidated subsidiary Clean Coal Solutions LLC, ADA-ES provides the patented Refined Coal CyClean technology to enhance combustion of and reduce emissions from burning PRB coals in cyclone boilers, and its patent pending M45 technology for other types of coal and boilers. Both technologies reduce emissions of NOx and mercury in coal-fired boilers. ADA-ES is also developing CO2 emissions technologies under projects funded by the U.S. Department of Energy and industry participants.