American Resources’ Electrified Materials completes power upgrade installation

American Resources (AREC)’ Electrified Materials completed the installation of a key power upgrade at one of its planned operating sites in Noblesville, Indiana. With this power upgrade and installation of a three-phase power transformer, the Company can proceed with the next phase of its operations at this location. This includes the installation and operation of larger-sized, automated, state-of-the-art shredding equipment which will enhance automation, boost productivity and significantly expand operations at this location. Previously, the Company’s operations at its Noblesville, Indiana location were limited to equipment that would operate only on single-phase power, which necessitated the installation of new power lines and transformers to support the increased power usage. With that upgrades now complete, in collaboration with the local power utility, the Company can proceed to the next phase of operational expansion at this site.