Adama Technologies Announces Completion Date for U.S. Military Contract, Shares Surge 18%
There is plenty of movement in shares of Adama Technologies Corp. (OTCPK:ADAC) today as the company came out with news announcing 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 2016. The Company stated that they are in the final stages of manufacturing and anticipate shipping the entire order by next Thursday, February 15.
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.
As mentioned off the top, shares of ADAC are surging 18.42% at last check in mid-day trading to $0.1125 on this announcement with shares continuing to flirt near recent highs.