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Adamas One Corp. (NASDAQ: JEWL) is a pioneering high-tech diamond company specializing in the production of high-quality, single-crystal diamonds through its proprietary Chemical Vapor Deposition (CVD) process, known as Diamond Technology. Operating as a Lab-Grown Diamond manufacturer, Adamas One Corp. produces diamonds for both gemstone and industrial applications.
The company's advanced CVD process, originally developed by Apollo Diamond, enables it to produce gem-sized Lab-Grown Diamond crystals. This method allows for the controlled manufacturing of high-quality, high-purity, and high-volume single-crystal diamonds that are colorless, near-colorless, and fancy-colored. These diamonds cater to a variety of applications, from fine jewelry to industrial uses.
Adamas One Corp. has made significant strides in research and development, recently achieving the successful creation of colorless diamonds, a testament to their ongoing efforts to refine white diamond recipes. The company operates a state-of-the-art facility in Greenville, South Carolina, where it leverages its 36 patents and proprietary technology to grow both large and small diamond crystals.
Committed to transparency and communication with its stakeholders, Adamas One Corp. has partnered with the Webull Corporate Connect Service. This collaboration aims to provide real-time updates, important announcements, and relevant content such as news, earnings reports, investor presentations, and industry snapshots. The Webull platform further enhances accessibility by offering tools like level 2 quotes, after-hours trading, and educational services.
In addition to its jewelry-focused operations, Adamas One Corp. recently announced the formation of its subsidiary, Adamas Technologies. This new venture will focus on the deployment of Lab-Grown Diamond-based solutions in the technology industry, particularly in semiconductor devices. Lab-Grown Diamonds' exceptional thermal conductivity and durability make them ideal for such applications. The company views this as a significant opportunity to address the increasing demand in the semiconductor sector.
Under the leadership of CEO Jay Grdina and COO Gerald McGuire, Adamas One Corp. continues to innovate and expand its market presence. With its commitment to producing near-flawless single-crystal diamonds and its strategic move into the technology sector, the company is well-positioned to capitalize on the growing demand for Lab-Grown Diamonds across various industries.
Adamas One Corp. (Nasdaq: JEWL), known as The Original Lab-Grown Diamond Company™, announced that CEO Jay Grdina will present a corporate overview at the Planet MicroCap Showcase: VEGAS 2023, scheduled for April 25 - 27, 2023, at the Horseshoe Hotel & Casino in Las Vegas, NV. Grdina's presentation is set for April 26, 2023, at 11:00am PT. Attendees can also schedule one-on-one meetings with him during the event.
Adamas One specializes in producing high-quality, single-crystal lab-grown diamonds using proprietary technology, with applications for both jewelry and industrial uses. The company holds 36 patents and utilizes chemical vapor deposition to create flawless diamonds. For more details, visit www.adamasone.com.
Adamas One Corp. (Nasdaq: JEWL) has announced the successful ramp-up of its expanded diamond production facility in South Carolina, now operating 12 full-capacity reactors. The reactors are producing approximately 3,000 rough carats of diamonds monthly, with the company projecting over $12 million in annual sales revenue upon full operation. CEO Jay Grdina expressed optimism for expanding sales and distribution in a waiting market as the factory meets full production capacity. Adamas One, known for its patented technology, produces high-quality lab-grown diamonds suitable for both jewelry and industrial applications.
Adamas One Corp. (Nasdaq: JEWL) has announced a share repurchase program authorized by its Board of Directors to buy back up to $7.5 million of outstanding common stock. The repurchase will occur through various methods, dependent on market conditions and corporate limitations. CEO Jay Grdina stated that this initiative supports shareholder value, reflecting a belief that the current stock price does not accurately represent the company’s market potential. The company is also preparing for the launch of its lab-based diamond jewelry, reinforcing its commitment to growth and shareholder interests.
Adamas One Corp. (Nasdaq: JEWL) announced its collaboration with Levitate Foundry, a leading digital marketing firm, to enhance its branding and e-commerce for lab-grown diamonds. This strategic partnership aims to create a consumer-friendly online platform and consolidate marketing efforts into a single source. CEO Jay Grdina emphasized the importance of advanced technology in their e-commerce strategy as the company expands distribution networks. Adamas One specializes in producing high-quality, single-crystal lab-grown diamonds, holding 36 patents and utilizing proprietary chemical vapor deposition technology.
Adamas One Corp. (Nasdaq: JEWL) has successfully renegotiated the lease for its Greenville, South Carolina manufacturing facility, allowing expansion to accommodate up to 400 proprietary reactors for lab-grown diamonds. In the first phase, 100 reactors will be installed, capable of generating up to $30 million in monthly revenue, translating to approximately $14 million in EBITDA. At full capacity, the facility is expected to yield over $300 million in annual revenue. The company aims to start production by Q3 2023, enhancing its presence in the consumer jewelry market and optimizing shareholder value.
Adamas One Corp. (Nasdaq: JEWL) has appointed Adam Campbell, a seasoned jewelry designer, to lead the creation of a luxury jewelry line using its lab-grown diamonds. Campbell brings over 15 years of experience in fine jewelry, having worked with renowned brands such as Cartier and Hublot. Adamas aims to produce high-quality, single-crystal diamonds for both industrial and jewelry markets from its facility in South Carolina. The company owns 36 patents and utilizes proprietary technology to grow these diamonds, which share the same properties as mined diamonds.
Adamas One Corp. (Nasdaq: JEWL) announced a viral Instagram video by diamond influencer TRAX NYC, showcasing the company's Greenville, S.C. factory which garnered over 200,000 views in the first hour. Maksoud Trax Agadjani, founder of TRAX NYC, praised Adamas One for its quality diamond production and hinted at a promising partnership, as the company plans to grow custom diamonds for TRAX NYC. Adamas One specializes in high-quality lab-grown diamonds through proprietary technology and has 36 patents. The firm aims to supply the wholesale jewelry and industrial markets.
Adamas One Corp. (Nasdaq: JEWL) reported $1.78 million in sales for fiscal year ended September 30, 2022, marking a significant shift from zero sales in the previous year. The company commenced sales mid-second quarter after ramping up its production capabilities at its Greenville, S.C. facility. CEO Jay Grdina stated that the company is on track to produce 3,000 carats per month and generate over $1 million in monthly revenue by May 2023. Adamas One is focused on expanding its market presence in both wholesale jewelry and industrial diamond sectors, supported by its proprietary technology and 36 patents.
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