ADAC news Adama Technologies Receives Purchase Order From Ray Core Lights GlobeNewswire "Press Releases"
LAS VEGAS , March 21, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire Adama Technologies Corp. (OTCPINK:ADAC) announced today that they have received a purchase order from Ray Core Lights (www.RayCoreLights.com) to manufacture parts for their X60 lighting unit. This new relationship includes the potential for ADAC to secure production for up to 1,000 units per month and means the potential for an additional $800,000 in annual revenue for ADAC.
Ray Cores X10 heavy duty work light
Ray Cores X60 heavy duty work light
Harold Tanner stated: Ray Core is an amazing company with incredible leadership and a great product and vision. ADAC is extremely grateful to work with them and to serve them in their production needs. I truly believe that we can grow together and I look forward to watching the continued success of these great made-in- USA products.
Ray Core Lights specializes in industrial and work lights. They focus on high end, heavy duty lighting, with their own proprietary RDC lighting technology. They focus on making the longest-lasting, highest-quality light in the market. The X10 lights are designed to outlast all the competition, designed to handle extreme environments and designed to deliver large amounts of light. Just one X10 outshines several competitor lights combined as the X10 gives off over 10,000 lumens using only 80 watts. Ray Core lights are perfect to be fitted on dozers, haul trucks, graders, pickups and excavators. The X60 is even more powerful and can turn night into day with the brightest no-bulb work light in the world. It delivers over 60,000 lumens using only 480 watts. These lights are used atop earthmoving shovels in the scorching desert, rock -crushing drills, and even light plants in the frozen tundra.
The Company announces this new contract as they are working on multiple strategies to increase revenue and to diversify the Companys current operations and income streams. Harold Tanner continued: "This is a gigantic development for the Company. Traditionally, more than 90% of our revenue has stemmed from government defense contracts. For months we have been focused on diversifying our revenue and now, in additional to ramping up our government contracts, we are starting to see a good influx of these private-sector contracts, putting ADAC on the path to a more diverse, broader base of revenue streams.
Mr. Tanner concluded: The month of March has indeed been a record revenue month for ADAC. With combined private-sector contracts and new defense contracts, we are on track to have our best year ever. I look forward to continuing to tell ADACs exciting and developing story.
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.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/Attachm...df6f46ad30
http://www.globenewswire.com/NewsRoom/Attachm...2d91325f7f
Source: ADAMA TECHNOLOGIES CORP
LAS VEGAS , March 21, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire Adama Technologies Corp. (OTCPINK:ADAC) announced today that they have received a purchase order from Ray Core Lights (www.RayCoreLights.com) to manufacture parts for their X60 lighting unit. This new relationship includes the potential for ADAC to secure production for up to 1,000 units per month and means the potential for an additional $800,000 in annual revenue for ADAC.
Ray Cores X10 heavy duty work light
Ray Cores X60 heavy duty work light
Harold Tanner stated: Ray Core is an amazing company with incredible leadership and a great product and vision. ADAC is extremely grateful to work with them and to serve them in their production needs. I truly believe that we can grow together and I look forward to watching the continued success of these great made-in- USA products.
Ray Core Lights specializes in industrial and work lights. They focus on high end, heavy duty lighting, with their own proprietary RDC lighting technology. They focus on making the longest-lasting, highest-quality light in the market. The X10 lights are designed to outlast all the competition, designed to handle extreme environments and designed to deliver large amounts of light. Just one X10 outshines several competitor lights combined as the X10 gives off over 10,000 lumens using only 80 watts. Ray Core lights are perfect to be fitted on dozers, haul trucks, graders, pickups and excavators. The X60 is even more powerful and can turn night into day with the brightest no-bulb work light in the world. It delivers over 60,000 lumens using only 480 watts. These lights are used atop earthmoving shovels in the scorching desert, rock -crushing drills, and even light plants in the frozen tundra.
The Company announces this new contract as they are working on multiple strategies to increase revenue and to diversify the Companys current operations and income streams. Harold Tanner continued: "This is a gigantic development for the Company. Traditionally, more than 90% of our revenue has stemmed from government defense contracts. For months we have been focused on diversifying our revenue and now, in additional to ramping up our government contracts, we are starting to see a good influx of these private-sector contracts, putting ADAC on the path to a more diverse, broader base of revenue streams.
Mr. Tanner concluded: The month of March has indeed been a record revenue month for ADAC. With combined private-sector contracts and new defense contracts, we are on track to have our best year ever. I look forward to continuing to tell ADACs exciting and developing story.
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.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/Attachm...df6f46ad30
http://www.globenewswire.com/NewsRoom/Attachm...2d91325f7f
Source: ADAMA TECHNOLOGIES CORP
