Advanced Emissions Solutions to Rebrand as Arq, Inc.
23 Janvier 2024 - 1:30PM
Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the
"Company" or "ADES"), a producer of activated carbon and other
environmentally efficient carbon products for use in purification
and sustainable materials, today announced a corporate rebrand to
Arq, Inc. (“Arq”), expected to be effective before market open on
Thursday, February 1, 2024. This corporate rebrand follows ADES’s
completed acquisition of substantially all of the assets of Arq
Limited and all of its subsidiaries in February 2023, which enabled
the Company’s expansion to becoming an environmental technology
company, developing high-performing patented products that help
industrial customers accelerate to a cleaner, more sustainable
future.
“We are excited to mark the one-year anniversary
of our transformational acquisition with a corporate rebrand that
best reflects our expansion and evolution to a leading North
American environmental technology company,” said Bob Rasmus, Chief
Executive Officer of ADES. “Today’s announcement demonstrates our
success in driving an efficient integration of the two platforms
over the past 12-months, which delivers greater stakeholder value,
diversifies our portfolio for customers and meaningfully expands
our growth opportunities.”
Mr. Rasmus continued, “We are more confident
than ever in the value of the strategic steps we have taken to
evolve ADES’s legacy position as an industrial manufacturing
company servicing a stable market, to adding on a technology-driven
platform in a high-growth sector with sustainable, attractive
economics. By adding Arq’s proprietary feedstock base of bituminous
coal waste to our proven operational foundation, we will
turbocharge our growth and profitability, materially reduce our
carbon footprint, and further solidify our leadership position in
the activated carbon market. We are proud of the progress we have
made to date and look forward to driving further value for all
stakeholders.”
“As Arq, we are committed to partnering with our
customers to provide solutions that make the air we breathe, the
water we drink and the soil our children play on safer and
healthier,” said Garrett Chandler, Arq’s Vice President of Sales.
“We are excited about our ability to drive growth and execution on
our newly rebranded platform.”
Further Information Regarding the Brand,
Name and Ticker Change
The Company’s corporate name change to Arq, Inc.
and NASDAQ ticker change to “ARQ” are expected to be effective
before market open on Thursday, February 1, 2024. At this time, the
Company will also unveil its updated corporate website, reflecting
its latest corporate brand. The Company will issue additional
information and resources at this time.
Separately, on January 4, 2024 the Company filed
a Form S-1 registration statement with the SEC. For the purpose of
clarity, the Company’s registration statement on Form S-1 filed
with the U.S. Securities and Exchange Commission on January 4, 2024
solely facilitates the resale of Company shares that are held by
certain shareholders who currently hold Company shares (or a
warrant to purchase Company shares) that were previously issued in
connection with the Company’s’ acquisition of Arq on February 1,
2023. The registration statement does not relate to the issuance of
any new shares by the Company, nor does it indicate any intention
by the Company to issue any new shares.
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.
Arq is an environmental technology company
founded in 2015 that has developed a novel process for producing
specialty carbon products from coal mining waste. Arq has the
technology and large-scale manufacturing facilities to produce a
micro-fine hydrocarbon powder, Arq powder™, that can be used as a
feedstock to produce activated carbon. Arq powder™ can also be used
as a blending additive for both the Carbon Black and Asphalt
markets. When utilized in various products, Arq powder™ provides
both a competitive cost and an improved environmental footprint.
Arq’s products are patent protected with a family of over 70
patents and applications.
Caution on Forward-Looking
Statements
Statements in this press release regarding the
Company's business that are not historical facts, including
statements concerning optimizing cash flows and maximizing
shareholder value, are forward-looking statements that involve
risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see "Risk
Factors" in the Company's Annual Report on Form 10-K.
Source: Advanced Emissions Solutions, Inc.
Investor Contact:
Alpha IR GroupRyan Coleman or Chris
Hodges312-445-2870ADES@alpha-ir.com
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