SCOTTSDALE, Ariz., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Adamas One Corp. (Nasdaq: JEWL) ("Adamas One," "Adamas" 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, announces it has renegotiated the lease for its new South Carolina manufacturing facility. The new lease allows for expansion of the facility to support up to a total of 400 proprietary reactors to produce the Company's lab-grown diamonds.
The first phase will consist of the installation of 100 reactors, which at full capacity will be able to generate up to $30 million in topline revenue, or approximately $14 million in EBITDA on a monthly basis, or more than $300 million in topline revenue/$150 million EBITDA on an annual basis. Upon completion, the Company expects to house close to 400 of its proprietary CVD reactors.
"The renegotiation of our new Greenville facility lease is an important step in our capability to ramp up production of our lab-grown diamonds. We have completed the architectural design for the new facility and we are approaching completion on the engineering designs. This state of the art facility is designed to have an extremely low carbon footprint and a safe and friendly work environment for our employees. We anticipate to start generating income from this facility towards the end of Q3. At full capacity, this represents a significant, rapid increase in revenue generation, which we see only increasing upon reaching the facility's full capacity of 400 units. We are aggressively moving forward with our development plans, which we believe will generate optimal shareholder value by bringing new product into the consumer market. We look forward to continuing to update shareholders on these developments as well as other activities that will facilitate our entry into the consumer jewelry market," stated Adamas One CEO, Jay Grdina.
About Adamas One Corp.
Adamas 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 .
Not Mined. Not Fake. Just sped up perfection. ™
Forward-Looking Statements
This 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 Relations
CORE IR
Scott Arnold, Managing Partner
516 222 2560
ir@adamasone.com
Media Relations
CORE IR
Jules Abraham
917 885 7378
Source: Adamas One Corp.
SCOTTSDALE, Ariz., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Adamas One Corp. (Nasdaq: JEWL) ("Adamas One," "Adamas" 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, announces it has renegotiated the lease for its new South Carolina manufacturing facility. The new lease allows for expansion of the facility to support up to a total of 400 proprietary reactors to produce the Company's lab-grown diamonds.
亚利桑那州斯科茨代尔，2023 年 2 月 7 日（GLOBE NEWSWIRE）——Adamas One Corp.（纳斯达克股票代码：JEWL）（“Adamas One”、“Adamas” 或 “公司”），一家利用专有技术生产用于珠宝和工业用途的钻石材料的高科技公司 The Original Lab-Grown Diamond Company™ 宣布已就其租约进行了重新谈判新的南卡罗来纳州制造工厂。新的租约允许扩建设施，以支持多达 400 个专有反应堆，用于生产公司的实验室培育钻石。
The first phase will consist of the installation of 100 reactors, which at full capacity will be able to generate up to $30 million in topline revenue, or approximately $14 million in EBITDA on a monthly basis, or more than $300 million in topline revenue/$150 million EBITDA on an annual basis. Upon completion, the Company expects to house close to 400 of its proprietary CVD reactors.
第一阶段将包括安装100座反应堆，这些反应堆满负荷将能够产生高达3000万美元的营收收入，或每月约1,400万美元的息税折旧摊销前利润，或超过3亿美元的总收入/1.5亿美元的年度息税折旧摊销前利润。建成后，该公司预计将容纳近400台专有的CVD反应器。
"The renegotiation of our new Greenville facility lease is an important step in our capability to ramp up production of our lab-grown diamonds. We have completed the architectural design for the new facility and we are approaching completion on the engineering designs. This state of the art facility is designed to have an extremely low carbon footprint and a safe and friendly work environment for our employees. We anticipate to start generating income from this facility towards the end of Q3. At full capacity, this represents a significant, rapid increase in revenue generation, which we see only increasing upon reaching the facility's full capacity of 400 units. We are aggressively moving forward with our development plans, which we believe will generate optimal shareholder value by bringing new product into the consumer market. We look forward to continuing to update shareholders on these developments as well as other activities that will facilitate our entry into the consumer jewelry market," stated Adamas One CEO, Jay Grdina.
“重新谈判我们的格林维尔新工厂租约是我们提高实验室培育钻石产量的能力的重要一步。我们已经完成了新设施的建筑设计，工程设计也即将完成。这座最先进的设施旨在为我们的员工提供极低的碳足迹和安全友好的工作环境。我们预计将在第三季度末开始通过该设施产生收入。满负荷运转意味着创收的显著快速增长，我们认为只有在设施达到400个单位的满负荷容量后，收入才会增加。我们正在积极推进我们的发展计划，我们相信这将通过将新产品引入消费市场来创造最佳的股东价值。我们期待继续向股东通报这些事态发展以及其他有助于我们进入消费珠宝市场的活动。” Adamas One首席执行官杰伊·格尔迪纳表示。
Adamas 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 .
Adamas 是一家实验室培育的钻石制造商，在其位于南卡罗来纳州格林维尔的工厂生产用于宝石和工业应用的近乎完美无瑕的单晶钻石。该公司拥有 36 项专利，并使用其专有的化学气相沉积 (CVD) 来培育宝石大小和较小的钻石晶体。Adamas One™ 实验室培育的钻石与开采的钻石具有相同的物理、化学和光学特性。该公司受控的制造流程使其能够生产出非常高品质、高纯度、单晶无色、近乎无色和彩色的 IIA 型钻石，以适应各种工业和宝石应用。该公司打算将其钻石推销并销售到珠宝批发和工业市场。欲了解更多信息，请访问。
Not Mined. Not Fake. Just sped up perfection. ™
Forward-Looking Statements
This 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.
前瞻性陈述
本新闻稿可能包括 “前瞻性陈述”。如果本新闻稿中提供的信息讨论了财务预测、信息或对我们的业务计划、经营业绩、产品或市场的预期，或者以其他方式陈述了未来事件，则此类陈述具有前瞻性。此类前瞻性陈述可以通过使用 “应该”、“可能”、“打算”、“预期”、“相信”、“估计”、“项目”、“预测”、“期望”、“计划” 和 “提议” 等词语来识别。尽管我们认为这些前瞻性陈述中反映的预期是基于合理的假设，但存在许多风险和不确定性，可能导致实际结果与此类前瞻性陈述存在重大差异。我们敦促您仔细审查和考虑任何警告声明和其他披露，包括在 “风险因素” 标题下以及我们不时向美国证券交易委员会提交的文件中其他地方发表的声明。前瞻性陈述仅代表其所含文件发布之日，除非法律要求，否则Adamas One Corp. 不承担任何更新任何前瞻性陈述的责任。为方便起见，提供了网站参考和链接，此类网站上包含的信息未以引用方式纳入本新闻稿中。
For more information contact:
Investor Relations
CORE IR
Scott Arnold, Managing Partner
516 222 2560
ir@adamasone.com
投资者关系
CORE IR
斯科特·阿诺德，管理合伙人
516 222 2560
ir@adamasone.com
Media Relations
CORE IR
Jules Abraham
917 885 7378
媒体关系
CORE IR
朱尔斯·亚伯拉罕
917 885 7378
