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Adamas One Expects to Yield EBIDTA of Up to $150 Million

The Original Lab-Grown Diamond Company™, Adamas One Corp., has announced that it has renegotiated the lease for its new South Carolina manufacturing facility. Adamas One Corp. uses proprietary technology to manufacture high-quality, single-crystal lab-grown diamonds for jewelry and diamond materials for industrial applications.

Adamas One Expects to Yield EBIDTA of Up to $150 Million

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The new lease enables the facility’s expansion to handle up to 400 patented reactors, which will be used to create the company’s lab-grown diamonds.

Installing 100 reactors will make up the first phase, which can produce up to $30 million in topline revenue, or over $14 million in EBITDA every month, or more than $300 million in topline revenue/$150 million in EBITDA annually when operating at full capacity. After construction is finished, the company anticipates housing about 400 of its patented 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.

Jay Grdina, Chief Executive Officer, Adamas One Corp

Grdina added, “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.

Source: https://www.adamasone.com/

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