Advanced Emissions Solutions, Inc. Announces 5-Year International Supply Agreement with Cabot Corporation
February 04 2021 - 5:30PM
Advanced Emissions Solutions, Inc. (NASDAQ: ADES) ("ADES"),
together with its subsidiary companies held by ADA Carbon
Solutions, LLC (collectively the "Company"), today announced it has
entered into a 5-year supply agreement (the "Agreement") with Cabot
Norit Nederland B.V., a subsidiary of Cabot Corporation ("Cabot"),
to supply Cabot with lignite activated carbon products and other
ADES proprietary products used for mercury removal in utility and
industrial coal-fired power plants. Cabot will be the exclusive and
sole reseller of the products within Europe, Turkey, the Middle
East and Africa ("EMEA").
"Today’s announcement is another important step
toward the Company’s post-Refined Coal future and marks the
introduction of our products to markets outside of North America,"
said Greg Marken, Interim CEO of ADES. "This Agreement with Cabot
broadens our working relationship, combines our knowledge of
utility and industrial coal-fired power plants and our proprietary
products with Cabot's international operations, and provides us the
opportunity to expand our geographical reach as mercury regulations
come into effect in the EMEA region during 2021 and beyond."
Marken concluded, "This Agreement is another
step forward for our platform, which will allow us to more fully
realize the value of our asset base and deliver long-term
shareholder value. We are excited to strengthen our partnership
with Cabot and provide our products to current and new customers
across the globe."
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.
ADA brings together ADA Carbon Solutions, LLC, a
leading provider of powder activated carbon ("PAC") and ADA-ES,
Inc., the providers of ADA® M-Prove™ Technology. We provide
products and services to control mercury and other contaminants at
coal-fired power generators and other industrial companies. Our
broad suite of complementary products control contaminants and help
our customers meet their compliance objectives consistently and
reliably.
CarbPure Technologies LLC, (“CarbPure”), formed
in 2015 provides high-quality PAC and granular
activated carbon ideally suited for treatment of potable water and
wastewater. Our affiliate company, ADA Carbon Solutions, LLC
manufactures the products for CarbPure.
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
Statements
This 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 our views on delivering long-term shareholder value,
expected market expansion opportunities and timing of
implementation of mercury regulations in the EMEA. These
forward-looking statements involve 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, future demand for products under the
Agreement and timing of regulatory implementation schedules; as
well as other factors relating to our business, as described in our
filings with the SEC, 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 and to
consult filings we have made and will 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 speak only as to the date of this press
release.
Source: Advanced Emissions Solutions, Inc.
Investor Contact:
Alpha IR GroupChris Hodges or Ryan
Coleman312-445-2870ADES@alpha-ir.com
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