Advanced Emissions Solutions, Inc. Announces Appointment of New Director
March 05 2019 - 4:35PM
Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the "Company" or
"ADES"), today announced an increase in the size of its Board
of Directors ("Board") from five directors to seven
directors and appointed Brian Leen to the Board to fill
one of the resulting vacancies effective February 27, 2019.
Mr. Leen served as President and Chief Executive
Officer of ADA Carbon Solutions, LLC (“Carbon Solutions”) until
December 7, 2018, on which date the Company acquired Carbon
Solutions and his position was eliminated. Mr. Leen has over 25
years of experience in the specialty chemicals and materials
business. Prior to joining Carbon Solutions in 2010, he was
President of the North American printing ink operations for Sun
Chemical Corporation. He has a diverse background running global
businesses and a track record for driving growth.
L. Heath Sampson, President and CEO of ADES,
commented, “We are pleased to announce the appointment of Brian
Leen to our Board. Brian brings extensive knowledge and experience
in the specialty chemicals and materials business. He has a diverse
background running global businesses and a track record for driving
growth. His background and experience will be invaluable to the
Company's strategy of growth and moving forward as a combined
company after the acquisition of Carbon Solutions. We look forward
to his contribution to the Board and the Company moving
forward.”
About Advanced Emissions Solutions,
Inc.Advanced Emissions Solutions, Inc. serves as the
holding entity for a family of companies that provide emissions
solutions to customers in the power generation and other
industries.
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ADA-ES, Inc. (“ADA”) is a wholly-owned subsidiary
of Advanced Emissions Solutions, Inc. (“ADES”) that provides
emissions control solutions for coal-fired power generation and
industrial boiler industries. With more than 25 years of experience
developing advanced mercury control solutions, ADA delivers
proprietary environmental technologies, equipment and specialty
chemicals that enable coal-fueled boilers to meet emissions
regulations. |
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Carbon Solutions is a wholly owned subsidiary of
ADES and a leading producer of Powdered Activated Carbon ("PAC")
solutions for the coal-fired power plant, industrial and potable
water markets. |
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CarbPure Technologies LLC, (“CarbPure”), formed
in 2015 provides high-quality PAC and granular
activated carbon (“GAC”) ideally suited for treatment of
potable water and wastewater. Our affiliate company, ADA Carbon
Solutions, LLC manufactures the products for CarbPure. |
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Tinuum Group, LLC (“Tinuum Group”) is a 42.5%
owned joint venture by ADA that provides patented Refined Coal
(“RC”) technologies to enhance combustion of and reduce emissions
of NOx and mercury from coal-fired power plants. |
Caution on Forward-Looking StatementsThis press
release contains forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, which provides
a “safe harbor” for such statements in certain circumstances. The
forward-looking statements include statements or expectations
regarding the success of our strategic growth strategy and
integration of Carbon Solutions with the Company, our leadership
and related matters. These statements are based on current
expectations, estimates, projections, beliefs and assumptions of
our management. Such statements involve significant risks and
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 regulatory,
economic or market conditions that may impact the strategic plans
and business transformation of the Company, changes in leadership
or key personnel and other factors discussed in greater detail in
our filings with the Securities and Exchange Commission (“SEC”).
You are cautioned not to place undue reliance on such statements
and to consult our SEC filings for additional risks and
uncertainties that may apply to our business and the ownership of
our securities. Our forward-looking statements are presented as of
the date made, and we disclaim any duty to update such statements
unless required by law to do so.
Source: Advanced Emissions Solutions, Inc.
Investor Contact:
Alpha IR GroupChris Hodges or Ryan
Coleman312-445-2870ADES@alpha-ir.com
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