Xebec Adsorption Inc.

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Xebec provides gas purification, generation and filtration solutions for the natural gas, field gas, biogas/renewable natural gas, helium, hydrogen, nitrogen and oxygen markets. Xebec designs, engineers and manufactures innovative products that transform raw gases into marketable sources of clean...

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Xebec Adsorption Inc.

lockPrivateGroup

Xebec provides gas purification, generation and filtration solutions for the natural gas, field gas, biogas/renewable......

people10 Members       (0)

8020 Admin posted a press release Xebec Announces Q1 2019 Results on May 28th in Xebec Adsorption Inc.


MONTREAL, May 16, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC, OTC: XEBEF) (“Xebec”), a global provider of renewable gas solutions will be releasing its Q1, 2019 results on May 28th, 2019 before the market opens.


Quotes:
“We look forward to updating our shareholders on our results to date as 2019 promises to be a formative year for Xebec.”    
Kurt Sorschak, President and CEO, Xebec Adsorption Inc.


Related links:
https://www.xebecinc.com


For more information:
Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Marketing
+1 450.979.8718 smurphy@xebecinc.com


Kurt Sorschak, President and Chief Executive Officer
ksorschak@xebecinc.com


About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, “could”, “might”, “likely” or variations of such words, or statements that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other similar expressions. Forward-looking statements, including statements concerning future capital expenditures, revenues, expenses, earnings, economic performance, indebtedness, financial condition, losses and future prospects as well as the expectations of management of Xebec with respect to information regarding the business and the expansion and growth of Xebec operations, involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are subject to business and economic factors and uncertainties, and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risks factors set out in Xebec's public documents, including in the most recent annual management discussion and analysis and annual information form, filed on SEDAR at www.sedar.com. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the uncertain and unpredictable condition of global economy, Xebec’s capacity to generate revenue growth, limited number of customers, and other factors. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.


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8020 Admin

21 days

8020 Admin posted a press release Xebec Provides Update on Asian Renewable Natural Gas Market in Xebec Adsorption Inc.

MONTREAL, April 29, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (“Xebec”), a global provider of renewable natural gas (RNG) solutions, is pleased to note that the Chinese National Development and Reform Commission (NDRC), announced a new initiative on March 1st 2019,  to use biogas to partially replace coal in rural areas.


China plans to produce 30 billion cubic meters of biogas from agricultural waste and manure by 2030, part of a wider measure to reduce the domestic coal consumption in rural regions by 50 megatonnes. In order to achieve this target, China will need to build approximately 3,000 to 4,000 upgrading facilities over the next 10 years, requiring investments of CDN$7 to 10 billion.


Xebec has been active in this developing market for over 10 years and is now adding several new facilities to its existing installations, which also serve as excellent reference sites for future customers. One example is a facility located in Malaysia that upgrades biogas from Palm Oil Mill Effluents (POME) into RNG using Xebec’s biogas upgrading system. The plant is in Sabah, a State of Malaysia located in the north eastern part of Borneo.


In China, Xebec is commissioning another upgrading system, specifically a Waste Water Treatment Plant in the City of Suzhou (Jiangsu Province). It processes 1250 NCMH of biogas from a mix of kitchen, landscaping and leachate waste into RNG which is injected as pure biomethane into the local town gas grid.


With plants operating in Korea, China, Malaysia, France, Italy, Switzerland, Austria, Canada and the United States, Xebec is proud to play an ever bigger  part in helping to decarbonize our future through renewable gases while providing a revenue source for end users such as gas utilities and the public sector.

Quotes:
"The market conditions for renewable natural gas and hydrogen purification equipment remain strong across all our operating geographies, but China offers unique opportunities given the government’s aggressive renewable energy targets. Xebec China is well established and is becoming a key contributor in both the hydrogen and RNG space."  
Kurt Sorschak, President and CEO, Xebec Adsorption Inc.


Related links:
https://www.xebecinc.com
https://asian-power.com/environment/news/china-eyes-biogas-coal-alternative-in-rural-areas


For more information:
Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Marketing
+1 450.979.8718 smurphy@xebecinc.com


About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, “could”, “might”, “likely” or variations of such words, or statements that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other similar expressions. Forward-looking statements, including statements concerning future capital expenditures, revenues, expenses, earnings, economic performance, indebtedness, financial condition, losses and future prospects as well as the expectations of management of Xebec with respect to information regarding the business and the expansion and growth of Xebec operations, involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are subject to business and economic factors and uncertainties, and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risks factors set out in Xebec's public documents, including in the most recent annual management discussion and analysis and annual information form, filed on SEDAR at www.sedar.com. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the uncertain and unpredictable condition of global economy, Xebec’s capacity to generate revenue growth, limited number of customers, and other factors. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.


Photos accompanying this announcement are available at


http://www.globenewswire.com/NewsRoom/AttachmentNg/35e39044-57e8-4408-a6c6-74c9b182da19


http://www.globenewswire.com/NewsRoom/AttachmentNg/7b7cc90c-c2f3-4977-b3b1-3afec3036105


http://www.globenewswire.com/NewsRoom/AttachmentNg/7f9d1c93-d704-4804-8083-2d3a7c33cbcb


http://www.globenewswire.com/NewsRoom/AttachmentNg/1b75b9aa-9475-4ada-ae25-b0db1a3d021e


http://www.globenewswire.com/NewsRoom/AttachmentNg/2e75b8c3-492b-4fee-99c6-0644b3c132f5



Xebec Biogas Upgrading Plant




 



Sabah, Malaysia



Sabah Project, Malaysia



 



Palm Oil Mill Effluent (POME) Plant



Xebec RNG System



 



Suzhou, China



Xebec Service Technician



 



Getting ready to commission



From Waste to Energy



 



Waste Water Treatment Plant in Jiangsu Province, China


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8020 Admin

27 days

8020 Admin posted a press release Xebec to Present at the Planet MicroCap Showcase 2019 on May 1 in Las Vegas, NV in Xebec Adsorption Inc.

MONTREAL, QC / ACCESSWIRE / April 23, 2019 / Xebec Adsorption Inc. (TSX-V: XBC) (OTC PINK: XEBEF) (FRANKFURT: XB6) (''Xebec''), a global provider of renewable gas solutions, will present at the Planet MicroCap Showcase at 9AM PDT (12PM EST) on Wednesday, May 1, 2019. Xebec will also conduct 1-on-1 meetings at the conference on May 2, 2019.


The conference will be held April 30 - May 2, 2019 at Bally's Hotel & Casino in Las Vegas, NV - 3645 S Las Vegas Blvd., Las Vegas, NV 89109. For those interested in attending and meeting with management, you can register to attend here: https://planetmicrocapshowcase.com/signup


If you have any questions about the Planet MicroCap Showcase, please contact Robert Kraft at rkraft@snnwire.com (424) 227-9018, or visit www.planetmicrocapshowcase.com for more information.


About Xebec Adsorption Inc.


Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


About Planet MicroCap Showcase


Planet MicroCap Showcase brings together promising companies with well-known and influential microcap investors, fund managers and newsletter writers for three days of company presentations, one-on-one meetings, and networking in the nation's #1 destination for meetings and entertainment.


If you would like to attend the Planet MicroCap Showcase, please register here: https://planetmicrocapshowcase.com/signup


For more information:


Xebec Adsorption Inc.
Sandi Murphy, Director, Marketing and Investor Relations
+1 450.979.8718 smurphy@xebecinc.com


SOURCE: Xebec Adsorption Inc.

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8020 Admin

1 month

8020 Admin posted a press release Xebec Announces 4Q and Full Year 2018 Financial Results in Xebec Adsorption Inc.

MONTREAL, April 17, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (FRANKFURT: XB6) ("Xebec"), a global provider of clean energy solutions announces its 2018 fourth quarter and full year financial results. A new accounting policy method regarding revenue recognition – IFRS15 – has been applied. As a result, the financial statements reflect the impact of the change, with and without the IFRS15 Standard.


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=XBC%3ACC&qmodStoryID=5222811045759538 

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8020 Admin

1 month

8020 Admin posted a press release New IFRS 15 Standard Causes Xebec to Update Guidance in Xebec Adsorption Inc.

Company expecting 2018 revenue to come in at CDN$20.0M with an increase to 2019 revenue guidance of CDN$45.5M


MONTREAL, April 11, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (FRANKFURT: XB6) (“Xebec”), a global provider of clean energy solutions announced today that revenue and earnings guidance previously given for the 2018 and 2019 calendar years must be updated as a result of the application of new IFRS 15 accounting standard.


Under IFRS 15, revenue recognition as a percent of completion requires a cancellation clause that stipulates that the company is entitled to cost, margin and profit.


This clause is present in Xebec’s North American and European contracts but a recent audit review of seven (7) contracts in China revealed that the contract language did not meet the updated cancellation clause requirements of IFRS 15. While the underlying projects are progressing in line with expectations, the company will need to complete the projects before it recognizes revenue. Completion for all 7 projects will occur within the first three quarters of 2019.


On November 8th, 2018, consolidated revenue guidance for 2018 was in a range of CDN$22 to $25M. Xebec would have exceeded the higher end of the guidance but the revenue from these seven contracts worth approximately CDN$5.5M will now shift to 2019. As a result, Xebec has adjusted its 2018 revenue guidance to CDN$20M. Its earnings guidance of $0.01 per share will change to a loss of $0.07.


Xebec will increase 2019 revenue guidance from CDN$40M to $45.5M; earnings guidance will increase from a range of $0.05 to $0.07 to a range of $0.10 to $0.13 per share; gross margins will be in the range of 28% to 32%; and SG&A costs are expected to be between CDN$9 to $10 million.


Xebec will publish its full financial results for calendar year end 2018 on April 17th, 2019.


“While we have to revise our 2018 and 2019 estimates and numbers, the changes to the seven contracts will have no impact on our operations, cash flow and, most importantly, our continuing rapid growth.”
-   Kurt Sorschak, President and CEO of Xebec Adsorption Inc.


For more information:
Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Communications
+1 450.979.8718 smurphy@xebecinc.com


Kurt Sorschak, President and Chief Executive Officer
+1 450.979.8701 ksorschak@xebecinc.com


About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, “could”, “might”, “likely” or variations of such words, or statements that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other similar expressions. Forward-looking statements, including statements concerning future capital expenditures, revenues, expenses, earnings, economic performance, indebtedness, financial condition, losses and future prospects as well as the expectations of management of Xebec with respect to information regarding the business and the expansion and growth of Xebec operations, involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are subject to business and economic factors and uncertainties, and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risks factors set out in Xebec's public documents, including in the most recent annual management discussion and analysis and annual information form, filed on SEDAR at www.sedar.com. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the uncertain and unpredictable condition of global economy, Xebec’s capacity to generate revenue growth, limited number of customers, and other factors. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.


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Media Relations posted an update in XEBEC ADSORPTION INC.

2 months

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Thumb 8020 media relations

Media Relations posted an update in XEBEC ADSORPTION INC.

2 months

VIDEO - XEBEC Project Bioloie France

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Media Relations posted a News Item Mr. Louis Dufour CFO presentation in Chicoutimi tonight in Xebec Adsorption Inc.

Louis Dufour, CFO of Xebec presenting at the MI3 Communications investor series in Chicoutimi, this evening! Thanks to Mario Drolet and the MI3 team from Montreal. http://connects.digital/communication8


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Media Relations posted a News Item Xebec at MI3 Quebec Investor dinner series conference in Xebec Adsorption Inc.

Last night in Quebec at the Conference dinner series presentation, hosted by MI3 Communications of Montreal, Mr. Louis Dufour, Chief Financial Officer of Xebec, arrives for a presentation to investors. 



Follow Xebec Absorption (TSX - XBC)  here: http://connects.digital/xebec7

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8020 Admin

2 months

8020 Admin posted a press release Xebec Receives Another Significant Order in Italy in Xebec Adsorption Inc.

Landfill Gas to RNG System


MONTREAL, March 12, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (FRANKFURT: XB6) (“Xebec”), a global provider of renewable gas solutions has signed a CDN$6+ million contract for a landfill biogas upgrading plant in Italy, to be delivered in late 2019. Fully operational, it will produce ~5 million m3 of carbon neutral Renewable Natural Gas (RNG) annually, replacing the equivalent of approx. 5 million liters of diesel fuel.


Similar RNG projects are developing throughout the EU, driven by both environmental regulations and government incentives. The Italian Government recently set aside Euro 4.7 billion (CDN$7.4 billion) in incentives to aid large gas consumers as well as incentives for biomethane in transport. Since then, Italy’s gas operator, SNAM, has received more than 800 requests from potential biomethane producers to connect their upcoming biomethane production sites to the existing gas grid, indicating a market size for biogas upgrading equipment in excess of CDN$ 1.5 billion over the next 3 to 5 years.


The Landfill Gas-to-Energy market is undergoing a fundamental change, in as far as Landfill Gas-to-Electricity projects are today financially challenging. Solar and wind power projects offer electricity rates as low as 0.05 euros per kwh, a rate Landfill Gas-to-Electricity projects can no longer compete with. Consequently, more and more waste companies and developers are looking toward Landfill Gas-to-Fuels, especially to RNG as a low carbon fuel alternative with a much better value proposition than electricity and a significantly higher return on investment (ROI).


“This project represents solid sales growth for Xebec Europe, positioning us as a key player in the energy transition space. It also highlights our proven technology capability in handling biogas upgrading with high nitrogen content.”
– Dr. Francesco Massari, General Manager, Xebec Europe


“Upgraded landfill gas to RNG is playing an increasingly important role in the deployment of low carbon fuels in transportation. We expect Xebec to be a fundamental change agent in this transition, as we move from a fossil fuel economy to a low carbon renewable energy future.”
– Kurt Sorschak, President and CEO, Xebec Adsorption Inc.


“Xebec is perfectly positioned to take advantage of this fast-growing global market as our innovative, proprietary, fast cycle adsorption technology is generating an increasing amount of customer interest, mainly due to lower initial investment costs, low operating and maintenance costs, flexible and stable performance, combined with high durability and reliability.”
– Dr. Prabhu Rao, COO, Xebec Adsorption Inc.


Related links:
https://www.xebecinc.com


For more information:
Xebec Adsorption Inc.
Sandi Murphy, Director, Marketing and Investor Relations
+1 450.979.8718 smurphy@xebecinc.com


About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this press release may constitute "forward-looking" statements within the meaning of applicable securities laws. This forward looking information includes, but is not limited to, the expectations and/or claims of management of Xebec with respect to information regarding the business, operations and financial condition of Xebec. Forward-looking information contained in this press release involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Xebec or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. This list is not exhaustive of the factors that may affect forward-looking information contained in this press release. When used in this press release, such statements use such words as "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "will" and other similar terminology. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this presentation. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements.


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8020 Admin

6 months

8020 Admin posted a press release Xebec Announces Closing of Over-Allotment Option in Connection With Public Offering of Units in Xebec Adsorption Inc.


/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES/

MONTREAL, Nov. 30, 2018 /CNW Telbec/ - Xebec Adsorption Inc. ("Xebec" or the "Company") (TSXV: XBC) is pleased to announce that, further to its recently completed short form prospectus offering (the "Offering") of units (the "Units"), the over-allotment option (the "Over-Allotment Option") granted to the agents to sell up to an additional 15% of the number of Units sold pursuant to the Offering has been exercised in full for additional gross proceeds of $923,475.


Including those sold pursuant to the Over-Allotment Option, a total of 9,439,966 Units were issued under the Offering at a price of $0.75 per Unit for aggregate gross proceeds of $7,079,974.50. Each Unit is comprised of one common share of the Company (a "Common Share") and one half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $1.05 per Common Share until May 7, 2020, being a period of 18 months from the closing date of the Offering.


The Offering was conducted by a syndicate of agents led by Beacon Securities Limited and including Paradigm Capital Inc.


The Company intends to use the net proceeds of the Offering to fund new project development initiatives in the renewable gas generation sector, potential merger and acquisition opportunities involving potential targets in industrial business segments, research and development, capital equipment and general corporate purposes.


The Offering was made pursuant to a short form prospectus dated October 25, 2018, filed with the securities regulatory authorities in each of the provinces of Canada, pursuant to National Instrument 44-101 – Short Form Prospectus Distributions.


This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.


About Xebec


Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multinational corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


Cautionary Statement on Forward-Looking Information


This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable Canadian securities laws, respectively. Statements, other than statements of historical facts, included herein, including without limitation, statements regarding the use of proceeds from the Offering, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the negative of these terms and similar terminology although not all forward-looking statements contain these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Xebec's annual and/or quarterly management discussion and analysis and in its other public disclosure documents filed on SEDAR at www.sedar.com, as well as all assumptions regarding the foregoing. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


SOURCE Xebec Adsorption Inc.


View original content: http://www.newswire.ca/en/releases/archive/November2018/30/c4947.html



Louis Dufour, Chief Financial Officer, (450) 797-8700, ldufour@xebecinc.com 

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8020 Admin

6 months

8020 Admin posted a press release Xebec Announces Closing of Public Offering of Units in Xebec Adsorption Inc.





/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES/


MONTREAL, Nov. 7, 2018 /CNW/ - Xebec Adsorption Inc. ("Xebec" or the "Company") (TSX.V:XBC) is pleased to announce that it has closed its previously announced short form prospectus offering (the "Offering") through a syndicate of agents led by Beacon Securities Limited and including Paradigm Capital Inc. (collectively, the "Agents"). In connection with the closing of the Offering, the Company issued a total of 8,208,666 Units (the "Units"), at a price of $0.75 per Unit, for aggregate gross proceeds of $6,156,499.50. Each Unit is comprised of one common share of the Company (a "Common Share") and one half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share, at a price of $1.05 per Common Share, for a period of 18 months from the closing date of the Offering.


The Agents have the option to offer for sale up to an additional 15% of the aggregate number of Units, Common Shares, Warrants, or any combination thereof (the "Over-Allotment Option") sold under, and on the same terms as, the Offering, exercisable, in whole or in part, at any time up to 30 days from the closing date of the Offering to cover over-allotments, if any, and for market stabilization purposes.


In connection with the Offering, the Company paid to the Agents a cash commission equal to 6% of the gross proceeds of the Offering, including any proceeds raised pursuant to the exercise of the Over-Allotment Option. The Company also granted the Agents non-transferable options (the "Compensation Options") entitling the Agents to purchase such number of Common Shares equal to 6% of the aggregate number of Units issued by the Company under the Offering, each such Compensation Option entitling the holder thereof to acquire one Common Share at an exercise price of $0.75 for a period of 18 months from the closing date of the Offering.


The Company intends to use the net proceeds of the Offering to fund new project development initiatives in the renewable gas generation sector, potential merger and acquisition opportunities involving potential targets in industrial business segments, research and development, capital equipment and general corporate purposes.


The Offering was made pursuant to a short form prospectus dated October 25, 2018, filed with the securities regulatory authorities in each of the provinces of Canada, pursuant to National Instrument 44-101 – Short Form Prospectus Distributions.


This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.


About Xebec


Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multinational corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


Cautionary Statement on Forward-Looking Information


This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable Canadian securities laws, respectively. Statements, other than statements of historical facts, included herein, including without limitation, statements regarding the use of proceeds from the Offering, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the negative of these terms and similar terminology although not all forward-looking statements contain these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Xebec's annual and/or quarterly management discussion and analysis and in its other public disclosure documents filed on SEDAR at www.sedar.com, as well as all assumptions regarding the foregoing. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


SOURCE Xebec Adsorption Inc.


View original content: http://www.newswire.ca/en/releases/archive/November2018/07/c4589.html

Louis Dufour, Chief Financial Officer, (450) 797-8700, ldufour@xebecinc.comCopyright CNW Group 2018

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8020 Admin

7 months

8020 Admin posted a press release Xebec Announces Pricing and Filing of Final Prospectus for Previously Announced Public Offering of Units in Xebec Adsorption Inc.


Canada NewsWire





/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES/


MONTREAL, Oct. 26, 2018 /CNW/ - Xebec Adsorption Inc. ("Xebec" or the "Company") (TSX.V:XBC) is pleased to announce that it has priced its previously announced public offering (the "Offering") of units of the Company (the "Units"). Pursuant to the Offering, the Company will issue a minimum of 6,666,666 Units and a maximum of 10,000,000 Units at a price of $0.75 per Unit for minimum gross proceeds to the Company of $5,000,000 and maximum gross proceeds to the Company of $7,500,000. Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share, at a price of $1.05 per Common Share, for a period of 18 months from the Closing Date (as hereinafter defined) of the Offering.


In addition, the Company is pleased to announce that it has filed its final short form prospectus with, and obtained receipts in respect thereof from, the securities regulatory authorities in each of the Provinces of Canada (the "Offering Jurisdictions") in connection with the Offering.


The Offering is scheduled to close on or about November 7, 2018 (the "Closing Date").


The Company has entered into an agency agreement with a syndicate of agents led by Beacon Securities Limited and including Paradigm Capital Inc. (collectively, the "Agents"), pursuant to which the Agents will offer the Units for sale in the Offering Jurisdictions on a commercially reasonable best efforts basis. The Company has granted the Agents an over-allotment option to offer for sale up to an additional 15% of the aggregate number of Units, Common Shares, Warrants or any combination thereof sold under, and on the same terms as, the Offering, exercisable, in whole or in part, at any time up to 30 days following the Closing Date of the Offering to cover over-allotments, if any, and for market stabilization purposes.


The Company intends to use the net proceeds of the Offering to fund new project development initiatives in the renewable gas generation sector, potential merger and acquisition opportunities involving potential targets in industrial business segments, research and development, capital equipment and general corporate purposes.


The Offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.


This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.


About Xebec


Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multinational corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


 Cautionary Statement on Forward-Looking Information


This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable Canadian securities laws, respectively. Statements, other than statements of historical facts, may be forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the negative of these terms and similar terminology although not all forward-looking statements contain these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the Company meeting all conditions for a timely closing of the Offering, including obtaining all required approvals, and the risk factors set out in Xebec's annual and/or quarterly management discussion and analysis and in its other public disclosure documents filed on SEDAR at www.sedar.com, as well as all assumptions regarding the foregoing. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


SOURCE Xebec Adsorption Inc.


View original content: http://www.newswire.ca/en/releases/archive/October2018/26/c3625.html

Louis Dufour, Chief Financial Officer, (450) 979-8700, ldufour@xebecinc.comCopyright CNW Group 2018

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8020 Admin

7 months

8020 Admin posted a press release Xebec announces public offering of units in Xebec Adsorption Inc.


Canada NewsWire





NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES/


MONTREAL, Oct. 12, 2018 /CNW/ - Xebec Adsorption Inc. ("Xebec" or the "Company") (TSX.V: XBC) is pleased to announce that it has filed a preliminary short form prospectus in connection with a "best-efforts" marketed offering (the "Offering") of units of the Company (the "Units") for aggregate gross proceeds to the Company of up to CND$10 million. Each Unit will consist of one common share of the Company (a "Common Share") at an indicative price of $0.75 per Unit and one-half (0.5) of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share, at a price of $1.05 per Common Share, for a period of 18 months from the Closing Date (hereinafter defined) of the Offering. The Offering is being led by Beacon Securities Limited ("Beacon"), on behalf of a syndicate of agents to be formed (collectively, the "Agents").


The Agents have the option to offer for sale up to an additional 15% of the aggregate number of Units, Common Shares, Warrants, or any combination thereof sold under and on the same terms as, the Offering at any time up to 30 days following the Closing Date of the Offering to cover over-allotments, if any, and for market stabilization purposes.


The Units will be offered by way of preliminary short form prospectus which has been filed with the securities regulatory authorities in each of the provinces of Canada, pursuant to National Instrument 44-101 – Short Form Prospectus Distributions.


The Company intends to use the net proceeds of the Offering to fund new project development initiatives in the renewable gas generation sector, potential merger and acquisition opportunities involving potential targets in industrial business segments, research and development, capital equipment and general corporate purposes.


The Offering will be priced in the context of the market conditions with the final terms of the Offering to be determined at the time of pricing following the marketing initiatives of the Company. The Offering is scheduled to close on or about October 26, 2018 (the "Closing Date"), and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange.


The Company is also pleased to announce that it expects to have a positive cash flow from operating activities as of September 30, 2018. The Company will be providing a full update with respect to the third quarter results when it will release its financial results for such quarter in November.


This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.


About Xebec


Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multinational corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


Cautionary Statement on Forward-Looking Information


This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable Canadian securities laws, respectively. Statements, other than statements of historical facts, may be forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the negative of these terms and similar terminology although not all forward-looking statements contain these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the Company meeting all conditions for a timely closing of the Offering, including obtaining all required approvals and the risk factors set out in Xebec's annual and/or quarterly management discussion and analysis and in its other public disclosure documents filed on SEDAR at www.sedar.com, as well as all assumptions regarding the foregoing. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


SOURCE Xebec Adsorption Inc.


View original content: http://www.newswire.ca/en/releases/archive/October2018/12/c3943.html

Louis Dufour, Chief Financial Officer, (450) 797-8700, ldufour@xebecinc.comCopyright CNW Group 2018

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Xebec Adsorption Inc.

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Xebec provides gas purification, generation and filtration solutions for the natural gas, field gas, biogas/renewable natural gas, helium, hydrogen, nitrogen and oxygen markets. Xebec designs, engineers and manufactures innovative products that transform raw gases into marketable sources of clean...

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Xebec Adsorption Inc.

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Xebec provides gas purification, generation and filtration solutions for the natural gas, field gas, biogas/renewable......

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8020 Admin posted a press release Xebec Announces Q1 2019 Results on May 28th in Xebec Adsorption Inc.


MONTREAL, May 16, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC, OTC: XEBEF) (“Xebec”), a global provider of renewable gas solutions will be releasing its Q1, 2019 results on May 28th, 2019 before the market opens.


Quotes:
“We look forward to updating our shareholders on our results to date as 2019 promises to be a formative year for Xebec.”    
Kurt Sorschak, President and CEO, Xebec Adsorption Inc.


Related links:
https://www.xebecinc.com


For more information:
Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Marketing
+1 450.979.8718 smurphy@xebecinc.com


Kurt Sorschak, President and Chief Executive Officer
ksorschak@xebecinc.com


About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, “could”, “might”, “likely” or variations of such words, or statements that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other similar expressions. Forward-looking statements, including statements concerning future capital expenditures, revenues, expenses, earnings, economic performance, indebtedness, financial condition, losses and future prospects as well as the expectations of management of Xebec with respect to information regarding the business and the expansion and growth of Xebec operations, involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are subject to business and economic factors and uncertainties, and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risks factors set out in Xebec's public documents, including in the most recent annual management discussion and analysis and annual information form, filed on SEDAR at www.sedar.com. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the uncertain and unpredictable condition of global economy, Xebec’s capacity to generate revenue growth, limited number of customers, and other factors. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.


Primary Logo


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8020 Admin

21 days

8020 Admin posted a press release Xebec Provides Update on Asian Renewable Natural Gas Market in Xebec Adsorption Inc.

MONTREAL, April 29, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (“Xebec”), a global provider of renewable natural gas (RNG) solutions, is pleased to note that the Chinese National Development and Reform Commission (NDRC), announced a new initiative on March 1st 2019,  to use biogas to partially replace coal in rural areas.


China plans to produce 30 billion cubic meters of biogas from agricultural waste and manure by 2030, part of a wider measure to reduce the domestic coal consumption in rural regions by 50 megatonnes. In order to achieve this target, China will need to build approximately 3,000 to 4,000 upgrading facilities over the next 10 years, requiring investments of CDN$7 to 10 billion.


Xebec has been active in this developing market for over 10 years and is now adding several new facilities to its existing installations, which also serve as excellent reference sites for future customers. One example is a facility located in Malaysia that upgrades biogas from Palm Oil Mill Effluents (POME) into RNG using Xebec’s biogas upgrading system. The plant is in Sabah, a State of Malaysia located in the north eastern part of Borneo.


In China, Xebec is commissioning another upgrading system, specifically a Waste Water Treatment Plant in the City of Suzhou (Jiangsu Province). It processes 1250 NCMH of biogas from a mix of kitchen, landscaping and leachate waste into RNG which is injected as pure biomethane into the local town gas grid.


With plants operating in Korea, China, Malaysia, France, Italy, Switzerland, Austria, Canada and the United States, Xebec is proud to play an ever bigger  part in helping to decarbonize our future through renewable gases while providing a revenue source for end users such as gas utilities and the public sector.

Quotes:
"The market conditions for renewable natural gas and hydrogen purification equipment remain strong across all our operating geographies, but China offers unique opportunities given the government’s aggressive renewable energy targets. Xebec China is well established and is becoming a key contributor in both the hydrogen and RNG space."  
Kurt Sorschak, President and CEO, Xebec Adsorption Inc.


Related links:
https://www.xebecinc.com
https://asian-power.com/environment/news/china-eyes-biogas-coal-alternative-in-rural-areas


For more information:
Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Marketing
+1 450.979.8718 smurphy@xebecinc.com


About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, “could”, “might”, “likely” or variations of such words, or statements that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other similar expressions. Forward-looking statements, including statements concerning future capital expenditures, revenues, expenses, earnings, economic performance, indebtedness, financial condition, losses and future prospects as well as the expectations of management of Xebec with respect to information regarding the business and the expansion and growth of Xebec operations, involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are subject to business and economic factors and uncertainties, and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risks factors set out in Xebec's public documents, including in the most recent annual management discussion and analysis and annual information form, filed on SEDAR at www.sedar.com. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the uncertain and unpredictable condition of global economy, Xebec’s capacity to generate revenue growth, limited number of customers, and other factors. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.


Photos accompanying this announcement are available at


http://www.globenewswire.com/NewsRoom/AttachmentNg/35e39044-57e8-4408-a6c6-74c9b182da19


http://www.globenewswire.com/NewsRoom/AttachmentNg/7b7cc90c-c2f3-4977-b3b1-3afec3036105


http://www.globenewswire.com/NewsRoom/AttachmentNg/7f9d1c93-d704-4804-8083-2d3a7c33cbcb


http://www.globenewswire.com/NewsRoom/AttachmentNg/1b75b9aa-9475-4ada-ae25-b0db1a3d021e


http://www.globenewswire.com/NewsRoom/AttachmentNg/2e75b8c3-492b-4fee-99c6-0644b3c132f5



Xebec Biogas Upgrading Plant




 



Sabah, Malaysia



Sabah Project, Malaysia



 



Palm Oil Mill Effluent (POME) Plant



Xebec RNG System



 



Suzhou, China



Xebec Service Technician



 



Getting ready to commission



From Waste to Energy



 



Waste Water Treatment Plant in Jiangsu Province, China


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8020 Admin

27 days

8020 Admin posted a press release Xebec to Present at the Planet MicroCap Showcase 2019 on May 1 in Las Vegas, NV in Xebec Adsorption Inc.

MONTREAL, QC / ACCESSWIRE / April 23, 2019 / Xebec Adsorption Inc. (TSX-V: XBC) (OTC PINK: XEBEF) (FRANKFURT: XB6) (''Xebec''), a global provider of renewable gas solutions, will present at the Planet MicroCap Showcase at 9AM PDT (12PM EST) on Wednesday, May 1, 2019. Xebec will also conduct 1-on-1 meetings at the conference on May 2, 2019.


The conference will be held April 30 - May 2, 2019 at Bally's Hotel & Casino in Las Vegas, NV - 3645 S Las Vegas Blvd., Las Vegas, NV 89109. For those interested in attending and meeting with management, you can register to attend here: https://planetmicrocapshowcase.com/signup


If you have any questions about the Planet MicroCap Showcase, please contact Robert Kraft at rkraft@snnwire.com (424) 227-9018, or visit www.planetmicrocapshowcase.com for more information.


About Xebec Adsorption Inc.


Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


About Planet MicroCap Showcase


Planet MicroCap Showcase brings together promising companies with well-known and influential microcap investors, fund managers and newsletter writers for three days of company presentations, one-on-one meetings, and networking in the nation's #1 destination for meetings and entertainment.


If you would like to attend the Planet MicroCap Showcase, please register here: https://planetmicrocapshowcase.com/signup


For more information:


Xebec Adsorption Inc.
Sandi Murphy, Director, Marketing and Investor Relations
+1 450.979.8718 smurphy@xebecinc.com


SOURCE: Xebec Adsorption Inc.

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8020 Admin

1 month

8020 Admin posted a press release Xebec Announces 4Q and Full Year 2018 Financial Results in Xebec Adsorption Inc.

MONTREAL, April 17, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (FRANKFURT: XB6) ("Xebec"), a global provider of clean energy solutions announces its 2018 fourth quarter and full year financial results. A new accounting policy method regarding revenue recognition – IFRS15 – has been applied. As a result, the financial statements reflect the impact of the change, with and without the IFRS15 Standard.


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=XBC%3ACC&qmodStoryID=5222811045759538 

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8020 Admin

1 month

8020 Admin posted a press release New IFRS 15 Standard Causes Xebec to Update Guidance in Xebec Adsorption Inc.

Company expecting 2018 revenue to come in at CDN$20.0M with an increase to 2019 revenue guidance of CDN$45.5M


MONTREAL, April 11, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (FRANKFURT: XB6) (“Xebec”), a global provider of clean energy solutions announced today that revenue and earnings guidance previously given for the 2018 and 2019 calendar years must be updated as a result of the application of new IFRS 15 accounting standard.


Under IFRS 15, revenue recognition as a percent of completion requires a cancellation clause that stipulates that the company is entitled to cost, margin and profit.


This clause is present in Xebec’s North American and European contracts but a recent audit review of seven (7) contracts in China revealed that the contract language did not meet the updated cancellation clause requirements of IFRS 15. While the underlying projects are progressing in line with expectations, the company will need to complete the projects before it recognizes revenue. Completion for all 7 projects will occur within the first three quarters of 2019.


On November 8th, 2018, consolidated revenue guidance for 2018 was in a range of CDN$22 to $25M. Xebec would have exceeded the higher end of the guidance but the revenue from these seven contracts worth approximately CDN$5.5M will now shift to 2019. As a result, Xebec has adjusted its 2018 revenue guidance to CDN$20M. Its earnings guidance of $0.01 per share will change to a loss of $0.07.


Xebec will increase 2019 revenue guidance from CDN$40M to $45.5M; earnings guidance will increase from a range of $0.05 to $0.07 to a range of $0.10 to $0.13 per share; gross margins will be in the range of 28% to 32%; and SG&A costs are expected to be between CDN$9 to $10 million.


Xebec will publish its full financial results for calendar year end 2018 on April 17th, 2019.


“While we have to revise our 2018 and 2019 estimates and numbers, the changes to the seven contracts will have no impact on our operations, cash flow and, most importantly, our continuing rapid growth.”
-   Kurt Sorschak, President and CEO of Xebec Adsorption Inc.


For more information:
Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Communications
+1 450.979.8718 smurphy@xebecinc.com


Kurt Sorschak, President and Chief Executive Officer
+1 450.979.8701 ksorschak@xebecinc.com


About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, “could”, “might”, “likely” or variations of such words, or statements that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other similar expressions. Forward-looking statements, including statements concerning future capital expenditures, revenues, expenses, earnings, economic performance, indebtedness, financial condition, losses and future prospects as well as the expectations of management of Xebec with respect to information regarding the business and the expansion and growth of Xebec operations, involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are subject to business and economic factors and uncertainties, and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risks factors set out in Xebec's public documents, including in the most recent annual management discussion and analysis and annual information form, filed on SEDAR at www.sedar.com. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the uncertain and unpredictable condition of global economy, Xebec’s capacity to generate revenue growth, limited number of customers, and other factors. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.


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Media Relations posted an update in XEBEC ADSORPTION INC.

2 months

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Media Relations posted an update in XEBEC ADSORPTION INC.

2 months

VIDEO - XEBEC Project Bioloie France

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Media Relations posted a News Item Mr. Louis Dufour CFO presentation in Chicoutimi tonight in Xebec Adsorption Inc.

Louis Dufour, CFO of Xebec presenting at the MI3 Communications investor series in Chicoutimi, this evening! Thanks to Mario Drolet and the MI3 team from Montreal. http://connects.digital/communication8


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Media Relations posted a News Item Xebec at MI3 Quebec Investor dinner series conference in Xebec Adsorption Inc.

Last night in Quebec at the Conference dinner series presentation, hosted by MI3 Communications of Montreal, Mr. Louis Dufour, Chief Financial Officer of Xebec, arrives for a presentation to investors. 



Follow Xebec Absorption (TSX - XBC)  here: http://connects.digital/xebec7

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8020 Admin

2 months

8020 Admin posted a press release Xebec Receives Another Significant Order in Italy in Xebec Adsorption Inc.

Landfill Gas to RNG System


MONTREAL, March 12, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (FRANKFURT: XB6) (“Xebec”), a global provider of renewable gas solutions has signed a CDN$6+ million contract for a landfill biogas upgrading plant in Italy, to be delivered in late 2019. Fully operational, it will produce ~5 million m3 of carbon neutral Renewable Natural Gas (RNG) annually, replacing the equivalent of approx. 5 million liters of diesel fuel.


Similar RNG projects are developing throughout the EU, driven by both environmental regulations and government incentives. The Italian Government recently set aside Euro 4.7 billion (CDN$7.4 billion) in incentives to aid large gas consumers as well as incentives for biomethane in transport. Since then, Italy’s gas operator, SNAM, has received more than 800 requests from potential biomethane producers to connect their upcoming biomethane production sites to the existing gas grid, indicating a market size for biogas upgrading equipment in excess of CDN$ 1.5 billion over the next 3 to 5 years.


The Landfill Gas-to-Energy market is undergoing a fundamental change, in as far as Landfill Gas-to-Electricity projects are today financially challenging. Solar and wind power projects offer electricity rates as low as 0.05 euros per kwh, a rate Landfill Gas-to-Electricity projects can no longer compete with. Consequently, more and more waste companies and developers are looking toward Landfill Gas-to-Fuels, especially to RNG as a low carbon fuel alternative with a much better value proposition than electricity and a significantly higher return on investment (ROI).


“This project represents solid sales growth for Xebec Europe, positioning us as a key player in the energy transition space. It also highlights our proven technology capability in handling biogas upgrading with high nitrogen content.”
– Dr. Francesco Massari, General Manager, Xebec Europe


“Upgraded landfill gas to RNG is playing an increasingly important role in the deployment of low carbon fuels in transportation. We expect Xebec to be a fundamental change agent in this transition, as we move from a fossil fuel economy to a low carbon renewable energy future.”
– Kurt Sorschak, President and CEO, Xebec Adsorption Inc.


“Xebec is perfectly positioned to take advantage of this fast-growing global market as our innovative, proprietary, fast cycle adsorption technology is generating an increasing amount of customer interest, mainly due to lower initial investment costs, low operating and maintenance costs, flexible and stable performance, combined with high durability and reliability.”
– Dr. Prabhu Rao, COO, Xebec Adsorption Inc.


Related links:
https://www.xebecinc.com


For more information:
Xebec Adsorption Inc.
Sandi Murphy, Director, Marketing and Investor Relations
+1 450.979.8718 smurphy@xebecinc.com


About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this press release may constitute "forward-looking" statements within the meaning of applicable securities laws. This forward looking information includes, but is not limited to, the expectations and/or claims of management of Xebec with respect to information regarding the business, operations and financial condition of Xebec. Forward-looking information contained in this press release involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Xebec or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. This list is not exhaustive of the factors that may affect forward-looking information contained in this press release. When used in this press release, such statements use such words as "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "will" and other similar terminology. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this presentation. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements.


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8020 Admin

6 months

8020 Admin posted a press release Xebec Announces Closing of Over-Allotment Option in Connection With Public Offering of Units in Xebec Adsorption Inc.


/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES/

MONTREAL, Nov. 30, 2018 /CNW Telbec/ - Xebec Adsorption Inc. ("Xebec" or the "Company") (TSXV: XBC) is pleased to announce that, further to its recently completed short form prospectus offering (the "Offering") of units (the "Units"), the over-allotment option (the "Over-Allotment Option") granted to the agents to sell up to an additional 15% of the number of Units sold pursuant to the Offering has been exercised in full for additional gross proceeds of $923,475.


Including those sold pursuant to the Over-Allotment Option, a total of 9,439,966 Units were issued under the Offering at a price of $0.75 per Unit for aggregate gross proceeds of $7,079,974.50. Each Unit is comprised of one common share of the Company (a "Common Share") and one half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $1.05 per Common Share until May 7, 2020, being a period of 18 months from the closing date of the Offering.


The Offering was conducted by a syndicate of agents led by Beacon Securities Limited and including Paradigm Capital Inc.


The Company intends to use the net proceeds of the Offering to fund new project development initiatives in the renewable gas generation sector, potential merger and acquisition opportunities involving potential targets in industrial business segments, research and development, capital equipment and general corporate purposes.


The Offering was made pursuant to a short form prospectus dated October 25, 2018, filed with the securities regulatory authorities in each of the provinces of Canada, pursuant to National Instrument 44-101 – Short Form Prospectus Distributions.


This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.


About Xebec


Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multinational corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


Cautionary Statement on Forward-Looking Information


This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable Canadian securities laws, respectively. Statements, other than statements of historical facts, included herein, including without limitation, statements regarding the use of proceeds from the Offering, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the negative of these terms and similar terminology although not all forward-looking statements contain these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Xebec's annual and/or quarterly management discussion and analysis and in its other public disclosure documents filed on SEDAR at www.sedar.com, as well as all assumptions regarding the foregoing. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


SOURCE Xebec Adsorption Inc.


View original content: http://www.newswire.ca/en/releases/archive/November2018/30/c4947.html



Louis Dufour, Chief Financial Officer, (450) 797-8700, ldufour@xebecinc.com 

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8020 Admin

6 months

8020 Admin posted a press release Xebec Announces Closing of Public Offering of Units in Xebec Adsorption Inc.





/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES/


MONTREAL, Nov. 7, 2018 /CNW/ - Xebec Adsorption Inc. ("Xebec" or the "Company") (TSX.V:XBC) is pleased to announce that it has closed its previously announced short form prospectus offering (the "Offering") through a syndicate of agents led by Beacon Securities Limited and including Paradigm Capital Inc. (collectively, the "Agents"). In connection with the closing of the Offering, the Company issued a total of 8,208,666 Units (the "Units"), at a price of $0.75 per Unit, for aggregate gross proceeds of $6,156,499.50. Each Unit is comprised of one common share of the Company (a "Common Share") and one half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share, at a price of $1.05 per Common Share, for a period of 18 months from the closing date of the Offering.


The Agents have the option to offer for sale up to an additional 15% of the aggregate number of Units, Common Shares, Warrants, or any combination thereof (the "Over-Allotment Option") sold under, and on the same terms as, the Offering, exercisable, in whole or in part, at any time up to 30 days from the closing date of the Offering to cover over-allotments, if any, and for market stabilization purposes.


In connection with the Offering, the Company paid to the Agents a cash commission equal to 6% of the gross proceeds of the Offering, including any proceeds raised pursuant to the exercise of the Over-Allotment Option. The Company also granted the Agents non-transferable options (the "Compensation Options") entitling the Agents to purchase such number of Common Shares equal to 6% of the aggregate number of Units issued by the Company under the Offering, each such Compensation Option entitling the holder thereof to acquire one Common Share at an exercise price of $0.75 for a period of 18 months from the closing date of the Offering.


The Company intends to use the net proceeds of the Offering to fund new project development initiatives in the renewable gas generation sector, potential merger and acquisition opportunities involving potential targets in industrial business segments, research and development, capital equipment and general corporate purposes.


The Offering was made pursuant to a short form prospectus dated October 25, 2018, filed with the securities regulatory authorities in each of the provinces of Canada, pursuant to National Instrument 44-101 – Short Form Prospectus Distributions.


This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.


About Xebec


Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multinational corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


Cautionary Statement on Forward-Looking Information


This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable Canadian securities laws, respectively. Statements, other than statements of historical facts, included herein, including without limitation, statements regarding the use of proceeds from the Offering, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the negative of these terms and similar terminology although not all forward-looking statements contain these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Xebec's annual and/or quarterly management discussion and analysis and in its other public disclosure documents filed on SEDAR at www.sedar.com, as well as all assumptions regarding the foregoing. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


SOURCE Xebec Adsorption Inc.


View original content: http://www.newswire.ca/en/releases/archive/November2018/07/c4589.html

Louis Dufour, Chief Financial Officer, (450) 797-8700, ldufour@xebecinc.comCopyright CNW Group 2018

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8020 Admin

7 months

8020 Admin posted a press release Xebec Announces Pricing and Filing of Final Prospectus for Previously Announced Public Offering of Units in Xebec Adsorption Inc.


Canada NewsWire





/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES/


MONTREAL, Oct. 26, 2018 /CNW/ - Xebec Adsorption Inc. ("Xebec" or the "Company") (TSX.V:XBC) is pleased to announce that it has priced its previously announced public offering (the "Offering") of units of the Company (the "Units"). Pursuant to the Offering, the Company will issue a minimum of 6,666,666 Units and a maximum of 10,000,000 Units at a price of $0.75 per Unit for minimum gross proceeds to the Company of $5,000,000 and maximum gross proceeds to the Company of $7,500,000. Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share, at a price of $1.05 per Common Share, for a period of 18 months from the Closing Date (as hereinafter defined) of the Offering.


In addition, the Company is pleased to announce that it has filed its final short form prospectus with, and obtained receipts in respect thereof from, the securities regulatory authorities in each of the Provinces of Canada (the "Offering Jurisdictions") in connection with the Offering.


The Offering is scheduled to close on or about November 7, 2018 (the "Closing Date").


The Company has entered into an agency agreement with a syndicate of agents led by Beacon Securities Limited and including Paradigm Capital Inc. (collectively, the "Agents"), pursuant to which the Agents will offer the Units for sale in the Offering Jurisdictions on a commercially reasonable best efforts basis. The Company has granted the Agents an over-allotment option to offer for sale up to an additional 15% of the aggregate number of Units, Common Shares, Warrants or any combination thereof sold under, and on the same terms as, the Offering, exercisable, in whole or in part, at any time up to 30 days following the Closing Date of the Offering to cover over-allotments, if any, and for market stabilization purposes.


The Company intends to use the net proceeds of the Offering to fund new project development initiatives in the renewable gas generation sector, potential merger and acquisition opportunities involving potential targets in industrial business segments, research and development, capital equipment and general corporate purposes.


The Offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.


This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.


About Xebec


Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multinational corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


 Cautionary Statement on Forward-Looking Information


This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable Canadian securities laws, respectively. Statements, other than statements of historical facts, may be forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the negative of these terms and similar terminology although not all forward-looking statements contain these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the Company meeting all conditions for a timely closing of the Offering, including obtaining all required approvals, and the risk factors set out in Xebec's annual and/or quarterly management discussion and analysis and in its other public disclosure documents filed on SEDAR at www.sedar.com, as well as all assumptions regarding the foregoing. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


SOURCE Xebec Adsorption Inc.


View original content: http://www.newswire.ca/en/releases/archive/October2018/26/c3625.html

Louis Dufour, Chief Financial Officer, (450) 979-8700, ldufour@xebecinc.comCopyright CNW Group 2018

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8020 Admin

7 months

8020 Admin posted a press release Xebec announces public offering of units in Xebec Adsorption Inc.


Canada NewsWire





NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES/


MONTREAL, Oct. 12, 2018 /CNW/ - Xebec Adsorption Inc. ("Xebec" or the "Company") (TSX.V: XBC) is pleased to announce that it has filed a preliminary short form prospectus in connection with a "best-efforts" marketed offering (the "Offering") of units of the Company (the "Units") for aggregate gross proceeds to the Company of up to CND$10 million. Each Unit will consist of one common share of the Company (a "Common Share") at an indicative price of $0.75 per Unit and one-half (0.5) of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share, at a price of $1.05 per Common Share, for a period of 18 months from the Closing Date (hereinafter defined) of the Offering. The Offering is being led by Beacon Securities Limited ("Beacon"), on behalf of a syndicate of agents to be formed (collectively, the "Agents").


The Agents have the option to offer for sale up to an additional 15% of the aggregate number of Units, Common Shares, Warrants, or any combination thereof sold under and on the same terms as, the Offering at any time up to 30 days following the Closing Date of the Offering to cover over-allotments, if any, and for market stabilization purposes.


The Units will be offered by way of preliminary short form prospectus which has been filed with the securities regulatory authorities in each of the provinces of Canada, pursuant to National Instrument 44-101 – Short Form Prospectus Distributions.


The Company intends to use the net proceeds of the Offering to fund new project development initiatives in the renewable gas generation sector, potential merger and acquisition opportunities involving potential targets in industrial business segments, research and development, capital equipment and general corporate purposes.


The Offering will be priced in the context of the market conditions with the final terms of the Offering to be determined at the time of pricing following the marketing initiatives of the Company. The Offering is scheduled to close on or about October 26, 2018 (the "Closing Date"), and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange.


The Company is also pleased to announce that it expects to have a positive cash flow from operating activities as of September 30, 2018. The Company will be providing a full update with respect to the third quarter results when it will release its financial results for such quarter in November.


This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.


About Xebec


Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multinational corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


Cautionary Statement on Forward-Looking Information


This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable Canadian securities laws, respectively. Statements, other than statements of historical facts, may be forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the negative of these terms and similar terminology although not all forward-looking statements contain these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the Company meeting all conditions for a timely closing of the Offering, including obtaining all required approvals and the risk factors set out in Xebec's annual and/or quarterly management discussion and analysis and in its other public disclosure documents filed on SEDAR at www.sedar.com, as well as all assumptions regarding the foregoing. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


SOURCE Xebec Adsorption Inc.


View original content: http://www.newswire.ca/en/releases/archive/October2018/12/c3943.html

Louis Dufour, Chief Financial Officer, (450) 797-8700, ldufour@xebecinc.comCopyright CNW Group 2018

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