HIGHLANDS RANCH, Colo., March 24, 2014 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (Nasdaq:ADES) (the "Company") announced the appointment of Randy Gounder as President of its subsidiary BCSI, LLC ("BCSI"). The Company acquired the assets of BCSI, a leading provider of Dry Sorbent Injection (DSI) systems, in August, 2012 to position the company for the market of controlling acid gases to meet the Mercury and Air Toxics Standard (MATS). Bill Caputo, founder of BCSI and interim-President, will return to a consultant role.
Mr. Gounder was previously Vice President and General Manager of TW Metals nuclear division where he developed markets in the U.S. and globally. He has also held executive, operational and sales roles at General Electric and Ionics Incorporated. Mr. Gounder has a demonstrated track record of operating and growing manufacturing businesses in multiple end markets. He received his MBA from Carnegie Mellon University and a BS in Mechanical Engineering from the University of Pittsburgh. Over his career he has had multiple certifications from the American Welding Society, American Society of Nondestructive Testing and training on Six Sigma while at GE.
Dr. Michael Durham, President and CEO of ADES, commented, "We are excited to have Randy as the President of our BCSI subsidiary. He is an experienced leader who has consistently shown an ability to grow manufacturing and fabrication businesses. BCSI has won more than $50 million in MATS related awards since the acquisition, and Mr. Gounder is the right person to lead the execution on these and future MATS awards and drive BCSI's growth in the future."
Commenting on his new position, Mr. Gounder stated, "I see a bright future for BCSI and I am excited for both the near-term and longer-term opportunities ahead. As an ADES company, BCSI can leverage the capabilities of its sister companies, including ADA-ES Inc., to deliver a complete solution for our customers rather than only provide equipment. I look forward to meeting with our customers in the coming months to ensure successful deliveries and better understand their needs for today and tomorrow."
About Advanced Emissions Solutions, Inc.
Advanced Emissions Solutions, Inc. (Nasdaq:ADES) serves as the holding entity for a family of companies that provide emissions solutions to customers in the power generation and other industries.
ADA-ES, Inc. ("ADA") supplies Activated Carbon Injection ("ACI") systems for mercury control, Dry Sorbent Injection ("DSI") systems for acid gases, and technology services and other offerings in support of our customers' emissions compliance strategies. ADA's M-ProveTM technology, which reduces emissions of mercury and other metals from PRB coal, is applied directly to coal at power plants, or offered through a licensing agreement with Arch Coal for application at their mines. In addition, we are developing technologies to advance cleaner energy, including CO2 emissions control technologies through projects funded by the U.S. Department of Energy and industry participants.
Clean Coal Solutions, LLC, is a 42.5% owned joint venture by ADA that provides ADA's patented RC CyClean™ technology to enhance combustion of and reduce emissions of NOx and mercury from coals in cyclone boilers and ADA's patent pending M-45™ and M-45-PC™ technologies for Circulating Fluidized Boilers and Pulverized Coal boilers respectively. Advanced Emissions Solutions consolidates the results of CCS in its financial statements.
BCSI, LLC ("BCSI") is a custom designer and fabricator of engineered emissions control technologies, bulk material handling equipment, bulk storage systems, water/waste water treatment equipment, and custom components. BCSI supplies DSI systems for acid gas control using its technologically advanced cool, dry conditioned conveying air systems. BCSI's technical solutions serve a wide range of industrial clients including; coal fired utilities, water treatment, wastewater, cement kilns, food processing and industrial boilers. BCSI employs engineers and trade professionals at a 190,000+sq. ft. fabrication and office facility located in McKeesport, PA.
CONTACT: Graham Mattison
Vice President, Investor Relations
(646) 319-1417
graham.mattison@adaes.com
