Adamas One Lays Out Growth Path Into 2023 Through Increased Manufacturing Capacity at Current Facility Averaging 3,000 Rough Carats of Diamonds Per Month
15 Décembre 2022 - 2:00PM
Adamas One Corp. (Nasdaq: JEWL) (“Adamas One” or the
“Company”), The Original Lab-Grown Diamond Company™, a high-tech
company that leverages proprietary technology to produce
high-quality, single-crystal, Lab-Grown Diamonds for jewelry and
diamond materials for industrial uses, today provides shareholders
with its projected path toward growth in 2023.
Adamas One CEO Jay Grdina comments, “Now that we
are past the all-important inflection point of our initial public
offering and the closing of our financing round, we are poised to
execute on our business plan. As we have long indicated, a
significant portion of our activities will be centered around three
major areas: facility and product expansion, research &
development, and sales and marketing. We will now be focusing on
opening our current facility, which houses 12 diamond growing
machines, to full capacity. At which point, we will be capable of
generating on average 3,000 rough carats of diamonds per month.
“From an expansion perspective, we expect to
make a significant investment in building out our new manufacturing
facility where we anticipate building as many as 300 diamond
growing machines. We anticipate this expansion to begin in early
2023 and require several phases. We will continue to update
shareholders on progress in that area, as it is essential to our
growth.
“We are optimistic about the future of Adamas
One, and while there is significant work yet to be done, we believe
that this work will serve to drive the company forward in terms of
capacity, revenue, and ultimately shareholder value. We look
forward to taking this journey with our current and future
stockholders, customers, and partners,” concludes Mr. Grdina.
About Adamas One CorpAdamas is
a lab-grown diamond manufacturer that produces near flawless
single-crystal diamonds for gemstone and industrial applications,
in its facilities in Greenville, South Carolina. The Company holds
36 patents and uses its proprietary chemical vapor deposition (CVD)
to grow gem-sized and smaller diamond crystals. Adamas One™
lab-grown diamonds have the same physical, chemical and optical
properties as mined diamonds. The Company’s controlled
manufacturing processes enables it to produce very high-quality,
high-purity, single-crystal colorless, near colorless and fancy
colored Type IIA diamonds to suit a variety of industrial and
gemstone applications. The Company intends to market and sell its
diamonds into the wholesale jewelry and industrial markets. For
more information, visit www.adamasone.com.
Not Mined. Not Fake. Just sped up
perfection.™
Forward-Looking StatementsThis
press release may include “forward-looking statements.” To the
extent that the information presented in this press release
discusses financial projections, information, or expectations about
our business plans, results of operations, products or markets, or
otherwise makes statements about future events, such statements are
forward-looking. Such forward-looking statements can be identified
by the use of words such as “should”, “may,” “intends,”
“anticipates,” “believes,” “estimates,” “projects,” “forecasts,”
“expects,” “plans,” and “proposes.” Although we believe that the
expectations reflected in these forward-looking statements are
based on reasonable assumptions, there are a number of risks and
uncertainties that could cause actual results to differ materially
from such forward-looking statements. You are urged to carefully
review and consider any cautionary statements and other
disclosures, including the statements made under the heading “Risk
Factors” and elsewhere in documents that we file from time to time
with the Securities and Exchange Commission. Forward-looking
statements speak only as of the date of the document in which they
are contained, and Adamas One Corp does not undertake any duty to
update any forward-looking statements except as may be required by
law. References and links to websites have been provided as a
convenience, and the information contained on such websites is not
incorporated by reference into this press release.
For more information contact:
Investor RelationsCORE IRScott Arnold, Managing
Partner516 222 2560ir@adamasone.com
Media RelationsJules Abraham917 885 7378
Source: Adamas One Corp
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