Advanced Emissions Solutions: Surges on 15-year carbon supply contract

Arq

01/10/2020 12:15

** Emission control equipment provider's  ADES.O  shares
surge 46% premarket to a near five-month high of $6 
    ** Announces 15-year activated carbon supply agreement with
Cabot Corporation  CBT.N   urn:newsml:reuters.com:*:nGNX6jm8NM
    ** Co expects production to ramp up incrementally during a
four-to-five-qtr transition period
    ** Sees incremental annual revenue growth of 30% to 40% when
transition period is complete
    ** Up to Wednesday's close, stock had lost nearly 62% of its
value so far this year and was the worst performer among peers
Ecolab Inc  ECL.N  and Flotek Industries  FTK.N 

 (Reporting by Shashank Nayar in Bengaluru)
 ((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6182 2256;))