Adama Technologies Corp. (ADAC.OB) in Talks to Merge with Privately-Held Clean Tech Company
Adama Technologies Corp. is a brownfield remediation company whose foundation lies in its patented technology. The company's technology successfully treats all Resource and Recovery Act (RCRA) and Universal Treatment Standards (UTS) metals. Adama's technology has successfully completed the US Environmental Protection Agency (EPA) “SITE” program and is ready for commercial use. The company today announced that it has entered into negotiation with a privately-held clean tech company based in Israel. The company in question holds approximately $44 million in assets and expects to generate revenue of $10 million in 2011. This proposed merger would provide Adama a host of benefits…