Las Vegas, NV (FSCwire) - Adama Technologies Corp. (OTCPINK: ADAC) announced today their target completion date for a U.S. government, military contract where the company is manufacturing landing gear components for the F-15 for the United States Air Force. This contract, valued at just over $200,000.00, was awarded in April of 2016. The Company stated that they are in the final stages of manufacturing and anticipate shipping the entire order by February 15, 2018.
Harold Tanner, President of Adama Technologies, stated, "This is great news for our Company. It is always exciting when we successfully complete another contract. This allows us to move quickly into production on some of our newer contracts and will enable us to continue our steady focus on bidding additional contracts."
The Company has continued to be focused on development of their new, online retail outlet, CRYX, as well as utilizing their technology platforms to create additional verticals and revenue centers for the Company. While vigorously pursuing these exciting new ventures, the Company simultaneously continues to grow and develop their existing operations and have been very aggressive in acquiring additional contracts, having bid on over $1 million in new projects already in 2018.
"This is an exciting time for the Company because we are really experiencing growth and development in all facets of our business. From our new ventures to our current operations, we are really excited to see what tremendous potential we have in store over the next 12 months," concluded Mr. Tanner.
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.
Website: www.AdamaTechnologies.com
