Adama Technologies Announces Plan to Pursue Contracts With Boeing, Lockheed Martin and Parker Hannifin
LAS VEGAS, May 15, 2018 (GLOBE NEWSWIRE) -- OTC PR Wire – Adama Technologies Corp. (OTCPINK:ADAC) Corp. announced today that they are beginning the process of upgrading their certification to the AS9100 certification. This upgrade would allow Adama to pursue a much greater number of private contracts in the aerospace sector, including coveted contracts with Boeing, Lockheed Martin and Parker Hannifin. This plan was unveiled as a part of the broader strategy to increase revenue from private contracts to better supplement and diversify the already growing government contracts that are currently held by Adama.
Harold Tanner, President of Adama Technologies, commented, “We are very excited about this plan and we know it will work simply because we have held these contracts in the past. We have already had limited contracts with Lockheed, Raytheon and Boeing. By pursuing this certification and adding it to our current certifications for our government contracts, we will be able to pursue many more prestigious contracts with these companies, most of which are reserved exclusively for manufacturers holding the AS9100 certification. This will open the door for us to bid on millions of dollars in additional contracts.”
The AS9100 certification is a widely adopted and standardized quality management system created specifically for the aerospace industry. It was released in October of 1999 by the Society of Automotive Engineers and the European Association of Aerospace Industries. The AS9100 certification provides suppliers and manufacturers with a comprehensive Quality Managing System which meets the requirements for the AS9100 registration and acceptance.
Mr. Tanner continued, “Once we are awarded with this certification, we will have instant access to a tremendous volume of additional private contracts which are only made available to facilities with this particular certification. We will have the ability to fully diversify our revenue and the Company will be on the most solid footing in its history. We are very excited and highly motivated to complete this process.”
The Company stated that they will continue to keep investors updated through continued press updates as well as through their social media outlets. The Company also remarked that work on a new corporate website had begun in earnest.
About Adama Technologies Military Defense Operations
Adama Technologies completed the acquisition of Alpine Industries in November of 2016. Alpine Industries is a precision machining and aerospace manufacturing company. Since its inception in 1974, Alpine has manufactured several hundred aerospace landing gear components and other spare parts. Alpine continues to work as a US government contractor and currently holds over 15 US Military contracts with the majority of them with the US Air Force. Presently, Alpine manufactures such items as M1 Mine Clearing Blades, hypo-chlorination units, tow bridles, 60 ton jacks for the C5A, AIM-9 missile body trainers, numerous bolts and screws, drag links for the F-16 fighter planes, and many other landing gear parts. In addition to the US military, Alpine also manufactures parts for several private companies including parts for drilling components used in oil and water wells, roller-coasters, motorcycles, zip line parts, crash pads, and drilling carts.
Contact Information: Address: 1000 N. Green Valley Suite 380 Henderson, NV 89074 Phone: (866) 859-8697 Website: www.AdamaTechnologies.com
Disclaimer This release contains forward-looking statements that are based on beliefs of Adama Technologies Corp. management and reflect Adama Technologies Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward-looking statements. Such statements reflect the current views of Adama Technologies Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, Adama Technologies Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release incorporates by reference the Company's filings with the SEC including 10K, 10Q, 8K reports and other filings. Investors are encouraged to review all filings. There is no assurance Adama Technologies Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the potential acquisition of oil and gas assets will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in oil prices would affect the potential profitability of the proposed acquisition negatively.
Source: GlobeNewswire
(May 15, 2018 - 11:24 AM EDT)
