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

2 hours ago

8020 Admin posted a press release Xebec Announces Its First Canadian Renewable Natural Gas Infrastructure Project in XEBEC ADSORPTION INC.

A significant step towards nationwide Build, Own, Operate initiative


MONTREAL, Feb. 18, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions announced today that Xebec and Bähler Biogas Inc. (“Bähler”) have signed an agreement to develop an integrated facility to process various organic wastes for the production of renewable natural gas (RNG) and biofertilizer.


Located in Québec, Canada, this facility will process over 45,000 metric tons of organic waste per year through an anaerobic digestion process. This process will produce biogas that is upgraded into renewable natural gas (RNG) by a turnkey biogas upgrading equipment package supplied by Xebec. The facility will contribute to the circular economy in Québec, producing over 150,000 GJ of RNG and 7,500 metric tons of biofertilizer annually. The plant is expected to be commissioned in early 2021.


The project will sell its RNG under a 20-year off-take agreement at a fixed rate per gigajoule (GJ), and the biofertilizer produced will be sold and distributed to farmers through a major bio-solid management partner.


The project’s capital expenditures of approximately $28.0 million will be financed through a combination of equity from its development partners, non-recourse debt and a potential grant from Québec’s PTMOBC program (Programme de Traitement des Matières Organiques par Biométhanisation et Compostage), for which an application has been filed with the Québec Government.


Quotes:
“We are proud to team up with a strategic partner like Xebec to build this state-of-the-art industrial facility and lead the market for a true total life cycle solution for waste valorization.”
Claude-Bernard Levesque, CEO, Bähler Biogaz Inc.


“It is great to finally see our first BOO project move forward. It showcases how local partners can come together to create a community-based sustainable waste solution for a true circular economy. Renewable natural gas presents a unique opportunity to both divert organic waste from landfills and produce a valuable source of clean energy to displace fossil natural gas and create a biofertilizer for farmers. Xebec plans to be a valuable technology provider and financial partner in the waste-to-RNG space in Canada.”
Kurt Sorschak, President and CEO, Xebec Adsorption Inc.


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


For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762


About Bähler Biogas Inc.
Bähler Biogas Inc. is a privately-owned Québec-based company which has relevant experience in turnkey project development, including expertise in specialized organic waste processes and building required infrastructure for digesters. Bähler has constructed over 20 cold-weather anaerobic digesters in Canada. For more information on the company, visit Bähler Biogas at biogas.bahler.ca.


About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC. For more information, www.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

6 days ago

8020 Admin posted a press release Xebec Receives $27 Million in Orders for U.S Dairy Projects in XEBEC ADSORPTION INC.

Xebec’s economical biogas upgrading solutions gain traction as RNG adoption continues


MONTREAL, Feb. 12, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to announce today that $27.0 million in orders were received from U.S dairy farmers for a total of six turnkey biogas upgrading plants and small-scale containerized Biostream™ systems to produce Renewable Natural Gas (RNG).


Five of these contracts are from the conversion of a previously announced letter of intent signed on December 5th, 2019 that have turned into firm purchase orders and an additional project using our large-scale BGX Solutions.


These orders confirm Xebec’s strengthening position in the U.S dairy market as farmers look towards solutions that are reliable and have the lowest lifecycle costs. Xebec’s visibility and credibility in the marketplace are rapidly increasing due to its ability to provide local service and support through its “Xebec Service Centers”, while also providing systems that consume significantly less energy in converting biogas to RNG allowing for better project profitability.


Xebec expects to deliver the projects throughout 2020 and early 2021 with gross margin in line with our historic levels.


Quotes:
“We’re excited to see our strengthening position in the U.S dairy market. Our proven expertise in deploying our PSA technology in the European dairy market is being brought to the U.S. Xebec’s RNG systems are ideal for owners and operators of RNG projects who are looking to maximize uptime and reliability while minimizing electricity costs in operating their projects. We’re happy to partner with dairy farmers across the U.S as they join the movement of harnessing their manure waste to produce renewable energy for a more sustainable future.”
Dr. Prabhu Rao, Chief Operating Officer, Xebec Adsorption Inc.


Related links:
https://www.xebecinc.com
https://investors.xebecinc.com/press/2019-12-05-xebec-enters-california-dairy-rng-market-with-maas-energy-works/


For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762


Antonio Saavedra, Director, Sales and Business Development
asaavedra@xebecinc.com
+1 604.362.7297


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

29 days ago

8020 Admin posted a press release Xebec Welcomes Mr. Brian Levitt as Advisor to its Board of Directors in XEBEC ADSORPTION INC.


MONTREAL, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to announce today that Mr. Brian Levitt will be providing strategic, commercial and corporate finance advice to its board of directors and management.


Mr. Levitt is the current Chairman of The Toronto-Dominion Bank (TD) and has been an independent director on TD's Board since December 2008. In addition to being Chairman of TD, he also serves as director of Domtar Corporation and TD Ameritrade Holding Corporation.


He is the former President and Chief Executive Officer of Imasco Limited, during the time one of Canada’s largest consumer goods and services companies.


Furthermore, Mr. Levitt served as Chairman of the Board of Domtar Inc. (predecessor of Domtar Corporation) from 2004 to 2007.


Mr. Levitt is Chair Emeritus of the Montreal Museum of Fine Arts and is Vice-Chair of the Board of the C.D. Howe Institute as well as Chancellor of Bishop’s University. In 2015, Mr. Levitt was appointed an Officer of the Order of Canada.


Lastly, Mr. Levitt holds a law degree from the University of Toronto, where he also completed his Bachelor of Applied Science degree in Civil Engineering.


Quotes:
“I am very excited to be joining the Xebec team and to have the opportunity to help Xebec scale up through its next stages of development. Xebec’s know-how and proprietary technologies relating to renewable natural gas and hydrogen production have demonstrated that they can make a real difference to the ability of gas utilities and energy providers to contribute to the transition to low carbon energy solutions.”
Brian Levitt


“It is a great pleasure to welcome Brian Levitt as an advisor to our Board. His addition brings significant legal, commercial and financial know-how and experience to Xebec. As the company continues to grow and expand, the need for more experienced and seasoned senior executives and non-executives increases as well. We’re honoured to have Brian join our organization.”
Kurt Sorschak, Chairman, President and CEO, Xebec Adsorption Inc.


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


For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762


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

2 months ago

8020 Admin posted a press release Xebec Announces Closing of $23 Million Bought Deal Public Offering of Common Shares in XEBEC ADSORPTION INC.


NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

MONTREAL, Dec. 27, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. ("Xebec" or the "Corporation") (TSXV:XBC) is pleased to announce it has closed its previously announced bought deal offering, including the exercise in full of the Underwriters' over-allotment option. A total of 10,952,600 common shares of Xebec (the "Common Shares") were sold at a price of $2.10 per Common Share for aggregate gross proceeds of $23,000,460 (the "Offering"). The Offering was conducted by a syndicate of underwriters led by Desjardins Capital Markets and including Beacon Securities Ltd., Canaccord Genuity Corp., TD Securities Inc., Paradigm Capital Inc. and Raymond James Ltd. (together, the "Underwriters"). The net proceeds of the Offering will be used to, among other things and as more fully described in the short form prospectus relating to the Offering, develop and invest in new renewable gas projects, to pursue strategic growth initiatives and for general corporate purposes.


In connection with the Offering, the Corporation paid the Underwriters a cash commission equal to 6% of the gross proceeds of the Offering, and compensation options (the "Compensation Options") equal to 6% of the Common Shares issued pursuant to the Offering. Each Compensation Option will entitle the Underwriters to purchase a Common Share at an exercise price of $2.10 for a period of 12 months from the closing date of the Offering.


The Common Shares were offered by way of short form prospectus in all of the provinces of Canada. Copies of the final short form prospectus and documents incorporated therein may be obtained by sending a written request to the Secretary of the Corporation at 730, Industriel Blvd., Blainville, Quebec, Canada, J7C 3V4, telephone: (450) 979-8700, and are available electronically under the Corporation's issuer profile on SEDAR at www.sedar.com.


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.


For more information:


Xebec Adsorption Inc.
Brandon Chow, Manager, Investor Relations
+1 450.979.8700 ext 5762 bchow@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. Xebec has 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 Corporation, 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) accept 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 the intended use of proceeds from the Offering, 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 the global economy, Xebec's capacity to generate revenue growth, a 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

2 months ago

8020 Admin posted a press release Xebec Acquires California-Based Air and Gas Service Company in XEBEC ADSORPTION INC.


Next step in Xebec’s acquisition strategy to provide North American service for its Cleantech Systems and Installations

MONTREAL, Dec. 10, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (“Xebec”), a global provider of clean energy solutions is pleased to announce that Xebec Holding USA Inc, a wholly-owned subsidiary of Xebec Adsorption Inc., has entered into an agreement and effective December 10th, 2019, to acquire through a cash purchase all of the outstanding securities of CDA Systems LLC (“CDA”). CDA’s principals will remain with CDA after the acquisition to optimize their integration into Xebec’s industrial service and grow the business over the coming years.


CDA Systems is a leading distributor and service provider of Oil-Free Air Compressors, Air Dryers, and Filtration Systems in California’s San Francisco Bay Area. CDA designs, sells, rents, and maintains Clean Dry Air systems and, with decades of industry experience under their belt, have supported major manufacturers with numerous equipment installations.  These have included value engineered solutions supporting compression, dehydration, CNG, and other specialty gases, with a goal of achieving energy cost savings and utility rebates.


This acquisition follows on the recent news that Xebec has signed a Letter of Intent with Maas Energy Works to provide four small-scale, containerized biogas upgrading units in California. These BiostreamTM units will support the production of renewable natural gas from biogas streams generated from animal waste on small dairy farms located throughout California.


“The CDA purchase continues Xebec’s strategic journey to provide local, customer-centric service, support and operations capabilities for our cleantech and renewable gas segment. This is a critical component to our value proposition, and a key advantage to choosing Xebec for biogas upgrading projects. To be worry-free is important to customers and knowing that experienced local service and support is available delivers that peace of mind.”
Kurt Sorschak, President and CEO, Xebec Adsorption Inc.


Xebec’s industrial service and products segment has long been a solid contributor to the overall growth and profitability of the company, generating a significant amount of recurring revenue through the sale of parts and services. With the addition of Service Centers throughout North America, Xebec aims to become the leading renewable gas systems service and support provider, offering the unique service advantage of local support for nation-wide biogas to renewable natural gas projects.


Related links:
https://www.xebecinc.com/investor-press-releases-details.php?id=312
https://www.xebecinc.com
http://www.cdasystems.com/


For more information:
Brandon Chow, Investor Relations Specialist, Xebec Adsorption Inc
(647) 990-3639
bchow@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. Xebec has 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 CDA Systems LLC
CDA Systems is a leading distributor of Oil-Free Air Compressors, Air Dryers, and Filtration Systems in the California’s San Francisco Bay Area. They design, sell, rent, and maintain Clean Dry Air systems as well as Process Vacuum, POU Filtration, and Instrumentation & Automation related to critical air processes. The Industry sectors served include Pharmaceutical, Microelectronics, Refinery, Food & Beverage, R&D and Manufacturing.


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 the expectations of management of Xebec with respect to information regarding the business, operations and financial condition of Xebec resulting from CAI’s acquisition and other potential mergers and acquisitions opportunities involving potential targets in the industrial business segments, 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, Xebec’s capacity to successfully integrate CAI in its industrial products segment and to generate revenue growth as a result of CAI’s acquisition 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

2 months ago

8020 Admin posted a press release Xebec Announces $20 Million Bought Deal Public Offering of Common Shares in XEBEC ADSORPTION INC.


NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

MONTREAL, Dec. 09, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. ("Xebec" or the "Corporation") (TSXV:XBC) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Desjardins Capital Markets (the “Underwriters”) pursuant to which the Underwriters have agreed to purchase on a bought deal basis 9,524,000 common shares (the “Common Shares”) at a price of $2.10 per Common Share (the “Offering Price”) for aggregate gross proceeds to Xebec of $20,000,400 (the “Offering”).


The Corporation has granted the Underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering at the Offering Price to cover over-allotments, if any. If the Over-Allotment Option is exercised in full, the total gross proceeds of the Offering will be $23,000,460.


The Common Shares will be offered by way of short form prospectus to be filed in each of the provinces of Canada and in the United States by way of private placement pursuant to the exemption from registration provided for under Rule 144A of the United States Securities Act of 1933, as amended, and in such other jurisdictions outside of Canada and the United States as are agreed to by the Corporation and the Underwriters, in each case provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction and that the Corporation will not be or become subject to any continuous disclosure obligations in such jurisdiction.


The Corporation intends to use the net proceeds from the Offering to develop and invest in new renewable gas projects, to pursue strategic growth initiatives and for general corporate purposes.


The Offering is expected to close on or about December 27, 2019 (the "Closing Date") and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities.


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.


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 Corporation, 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) accept 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 the intended use of proceeds from the Offering and the expected closing date of the Offering, 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 the global economy, Xebec’s capacity to generate revenue growth, a 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

3 months ago

8020 Admin posted a press release Xebec Enters California Dairy RNG Market with Maas Energy Works in XEBEC ADSORPTION INC.

- Marks the launch of Xebec’s Biostream™ systems -

MONTREAL, Dec. 05, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions announced today that it signed a letter of intent on December 4th, 2019, with Maas Energy Works (“MEW”) for five Renewable Natural Gas (RNG) systems. Four of these systems will use Xebec’s innovative small-scale containerized Biostream™ upgrading solution.


The Biostream units are fully containerized and automated systems with a 62 to 280 SCFM (100 to 450 NCMH) capacity to convert biogas into 98+% pure biomethane, with 99+% methane recovery. The system is flexible and reliable with a 40 to 100% turn-down. One of the system options includes an integrated CNG Fuel Dispenser.


Maas Energy Works was looking for a solution that would support the production of renewable natural gas from biogas streams generated from animal waste on small dairy farms located throughout California. They discovered this innovative, affordable solution developed by Xebec that meets the needs of farmers while adhering to the strict California “Rule 30” specifications for the Low Carbon Fuel Standard (LCFS) program to reduce greenhouse gas (GHG) emissions.


Xebec will supply dairy farmers with an initial four (4) Biostream™ container systems, each with a 280 SCFM capacity. With additional included options, they could produce more than 80 million standard cubic feet (SCF) of pure biomethane annually. This renewable natural gas will be injected into the California gas grid, significantly reducing the State’s carbon footprint while providing a substantial revenue stream for the farmers who proudly support climate change action.


As part of the LOI, Xebec will also supply another, more substantial unit with a 1500 SCFM capacity for a site located in the Western region of the United States.


Project delivery dates are throughout 2020.


Quotes:
“Maas Energy Works has completed a detailed Technical and Commercial evaluation of different biogas upgrading technologies for our customers in California and found that Xebec’s unique BGX Biostream™ is a perfect fit for our farmers’ requirements to purify small biogas flows using one of the most cost-effective, compact solutions in the industry today.”
- Daryl Maas, President, Maas Energy Works


“Almost ten years ago, we began a clean energy journey in California with a demonstration plant that would successfully test our biogas upgrading solutions against the newly formed “Rule 30” specifications. With the fight against climate change dramatically escalating, we have been innovating ever since. I’m pleased that we can act now with technology solutions and the experience to answer many different needs for decarbonizing our future.”
- Dr. Prabhu Rao, COO, Xebec Adsorption Inc.


Related Links:
https://www.xebecinc.com/
https://www.maasenergy.com/


For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Specialist
+1 450.979.8700 ext 5762 bchow@xebecinc.com


Antonio Saavedra, Director, Sales and Business Development
+1 604.362.7297 asaavedra@xebecinc.com


About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC and the OTCQX Exchange under the symbol XEBEF. For more information, www.xebecinc.com.


About Maas Energy Works
Maas Energy Works has served as the lead developer on 25 new or upgraded dairy digester facilities that currently process manure from over 30 farms making them the most experienced dairy digester developer on the west coast. Maas Energy Works (MEW) coordinates project teams, designs, schedules, permits, grants, and utilities, while selecting equipment and contractors custom to the dairy facility. The company also operates the digesters and monetizes the biogas and all of its environmental attributes. Over the last 12 years of working in the dairy biogas industry, MEW has built an affiliated team of over 50 full time digester experts, plus a network of strategic partner companies that have a familiar, collaborative working relationship that is unequaled in the industry, enabling projects to move rapidly, avoid unnecessary costs, and provide a high quality and reliable outcome. MEW’s history of timely construction and continual operational performance is unparalleled in the industry and is critical to realizing “Renewable Energy that Works.”. For more information, www.maasenergy.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.


A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/63b66e4f-9f9f-46aa-952b-c754a0b23c1c


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Xebec’s Biostream™ small-scale containerized biogas upgrading system



Xebec’s Biostream™ small-scale containerized biogas upgrading system



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8020 Admin

3 months ago

8020 Admin posted a press release Xebec Reports Record 3rd Quarter 2019 with 136% in Revenue Growth in XEBEC ADSORPTION INC.

-  EBITDA of $1.5million and Net Profit of $1.0 million -

MONTREAL, Nov. 12, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) ("Xebec"), a global provider of clean energy solutions announced today its 2019 third quarter and nine-month periods results, with the following highlights:



  • Record revenues of $13.2 million in the third quarter of 2019 compared to $5.6 million for the same period in 2018, a 136% increase.

  • Positive EBITDA at $1.5 million for the third quarter 2019 compared to $0.1 million for the same period in 2018.

  • Net profit of $1.0 million or $0.02/share for the third quarter 2019, compared to a net loss of ($0.4) million or ($0.01)/share for the same period in 2018.

  • Working capital increased to $19.0 million as of September 30, 2019, for a current ratio of 2.3:1 compared with working capital of $5.2 million and a 1.6:1 ratio on December 31, 2018.


Financial Highlights:


Read more here:   https://quotemedia.com/portal/quote?qm_symbol=XBC%3ACC&qmodStoryID=4583275444684590 

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8020 Admin

3 months ago

8020 Admin posted a press release Xebec and Asja Announce a Construction Milestone on Genoa Landfill Site in XEBEC ADSORPTION INC.

Italy’s First Landfill Gas Upgrading to RNG Plant


MONTREAL, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions today announced that renewable energy project developer and operator Asja Ambiente Italia SpA  is in the final construction phase of its 11.2 MW landfill gas (LFG) to Renewable Natural Gas (RNG) plant in Genoa, Italy. Scheduled completion date is end of 2019. (Reference Xebec PR of March 6, 2019 – URL below).


Asja is a major player in international power generation using landfill gas generated at municipal solid waste (MSW) landfill sites. With this first time ever project, Asja is transforming its Genoa landfill site installation to produce biomethane instead of electricity. Xebec’s Pressure Swing Adsorption (PSA) system was chosen for its innovative solution, delivering lower initial investment costs, low operating and maintenance costs, flexible and stable performance, combined with high durability and reliability. Expected benefits from the transition of electricity production to biomethane are plant efficiency improvements, reduction of emission points from 5 to 2, less waste production, greening of the gas supply and a longer period for monetizing the biogas.


Quotes:
“Asja is strengthening its presence in the renewable energy sector in support of 2030 global targets. This project will allow us to produce biomethane versus electricity as a form of renewable power from biogas, a sector in which we have been a market leader in Italy for more than 20 years. In addition to this project, Asja has currently three biomethane production plants from organic waste in operation, two under construction and several more under development.
- Dr. Tommaso Cassata, General Manager, Asja Ambiente

“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). Xebec is a proven change agent in this transition, as we move from a fossil fuel economy to a low carbon renewable energy future.”
- Dr. Francesco Massari, General Manager, Xebec Europe


Related Links:
www.xebecinc.com
https://investors.xebecinc.com/press/xebec-receives-another-significant-order-in-italy/
https://www.asja.energy/


For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Specialist
+1 450.979.8700 ext 5762 bchow@xebecinc.com


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


About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC and on the OTCQX Exchange under the symbol XEBEF. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


About Asja Ambiente Italia SpA
Asja Ambiente Italia designs, builds and operates renewable energy plants (PV, wind, biogas and biomethane). With more than 180 MW of installed capacity in Italy, China and Brazil, Asja generates over 600 GWh/y of green energy. Asja offers a range of products and services for energy efficiency and environmental sustainability: the TOTEM microcogenerator for the combined production of heat and power and the Asja -CO2 system for greenhouse gas emissions offsetting. Visit Asja at asja.energy.


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.


Two photos accompanying this announcement are available at: 

https://www.globenewswire.com/NewsRoom/AttachmentNg/7f1230e8-eb2a-44c3-ae64-aaac2e5985ca


https://www.globenewswire.com/NewsRoom/AttachmentNg/806c12f4-53b6-417c-8b2c-0fe19e944884


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Italy’s First Landfill Gas Upgrading to Renewable Natural Gas (RNG) Plant



Italy’s First Landfill Gas Upgrading to Renewable Natural Gas (RNG) Plant



Xebec in Final Construction of Asja’s Genoa Landfill Gas Upgrading to RNG Plant



 



Xebec in Final Construction of Asja’s Genoa Landfill Gas Upgrading to RNG Plant




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8020 Admin

4 months ago

8020 Admin posted a press release Xebec to Announce Q3 2019 Results and Host Investor Webinar on Nov 12 in XEBEC ADSORPTION INC.


MONTREAL, Oct. 30, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions, will announce its Q3, 2019 financial results on Tuesday, November 12th, 2019 before the market opens at 8:00 AM EDT, followed by a webinar at 11:00 AM EDT.


Xebec invites shareholders, analysts, investors, media representatives, and other stakeholders to our webinar where management will discuss Q3 results and provide guidance for FY2020, followed by a Question and Answer (“Q&A”) period.


Kurt Sorschak, President and CEO will host the webinar alongside CFO, Louis Dufour.


Date and Time


Tuesday, November 12th, 2019
11:00AM EDT (8:00 AM PDT)


Access Investor Webinar


Click or paste the link below in your web browser for registration and follow the online instructions.


Registration URL: https://app.livestorm.co/xebec-adsorption-inc/2019-q3-investor-webinar


After registering, you will receive a confirmation email with information about joining the webinar.


You can ask questions by typing them in the webinar’s console at any time during the presentation. They will be answered during the Q&A period.


Access Webinar by Dial-In


If you would like to access the webinar by phone, you will first need to complete registration at the URL mentioned above. You’ll then need to access the webinar on the day to receive a personalized dial-in number and code.


Note that those phoning in will be in “listen-only” mode and unable to participate in our Q&A.


Please visit the following page for further instructions on how to dial-in: https://support.livestorm.co/article/110-dial-in/


A recording of the webinar and supporting materials will be made available in the investor’s section of the Company’s website at www.xebecinc.com.


Related links:
https://www.xebecinc.com
https://support.livestorm.co/article/110-dial-in


For more information:
Brandon Chow, Investor Relations Specialist, Xebec Adsorption Inc
+1 647-990-3639 bchow@xebecinc.com
Kurt Sorschak, President and CEO, Xebec Adsorption Inc 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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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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8020 Admin

2 hours ago

8020 Admin posted a press release Xebec Announces Its First Canadian Renewable Natural Gas Infrastructure Project in XEBEC ADSORPTION INC.

A significant step towards nationwide Build, Own, Operate initiative


MONTREAL, Feb. 18, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions announced today that Xebec and Bähler Biogas Inc. (“Bähler”) have signed an agreement to develop an integrated facility to process various organic wastes for the production of renewable natural gas (RNG) and biofertilizer.


Located in Québec, Canada, this facility will process over 45,000 metric tons of organic waste per year through an anaerobic digestion process. This process will produce biogas that is upgraded into renewable natural gas (RNG) by a turnkey biogas upgrading equipment package supplied by Xebec. The facility will contribute to the circular economy in Québec, producing over 150,000 GJ of RNG and 7,500 metric tons of biofertilizer annually. The plant is expected to be commissioned in early 2021.


The project will sell its RNG under a 20-year off-take agreement at a fixed rate per gigajoule (GJ), and the biofertilizer produced will be sold and distributed to farmers through a major bio-solid management partner.


The project’s capital expenditures of approximately $28.0 million will be financed through a combination of equity from its development partners, non-recourse debt and a potential grant from Québec’s PTMOBC program (Programme de Traitement des Matières Organiques par Biométhanisation et Compostage), for which an application has been filed with the Québec Government.


Quotes:
“We are proud to team up with a strategic partner like Xebec to build this state-of-the-art industrial facility and lead the market for a true total life cycle solution for waste valorization.”
Claude-Bernard Levesque, CEO, Bähler Biogaz Inc.


“It is great to finally see our first BOO project move forward. It showcases how local partners can come together to create a community-based sustainable waste solution for a true circular economy. Renewable natural gas presents a unique opportunity to both divert organic waste from landfills and produce a valuable source of clean energy to displace fossil natural gas and create a biofertilizer for farmers. Xebec plans to be a valuable technology provider and financial partner in the waste-to-RNG space in Canada.”
Kurt Sorschak, President and CEO, Xebec Adsorption Inc.


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


For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762


About Bähler Biogas Inc.
Bähler Biogas Inc. is a privately-owned Québec-based company which has relevant experience in turnkey project development, including expertise in specialized organic waste processes and building required infrastructure for digesters. Bähler has constructed over 20 cold-weather anaerobic digesters in Canada. For more information on the company, visit Bähler Biogas at biogas.bahler.ca.


About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC. For more information, www.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

6 days ago

8020 Admin posted a press release Xebec Receives $27 Million in Orders for U.S Dairy Projects in XEBEC ADSORPTION INC.

Xebec’s economical biogas upgrading solutions gain traction as RNG adoption continues


MONTREAL, Feb. 12, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to announce today that $27.0 million in orders were received from U.S dairy farmers for a total of six turnkey biogas upgrading plants and small-scale containerized Biostream™ systems to produce Renewable Natural Gas (RNG).


Five of these contracts are from the conversion of a previously announced letter of intent signed on December 5th, 2019 that have turned into firm purchase orders and an additional project using our large-scale BGX Solutions.


These orders confirm Xebec’s strengthening position in the U.S dairy market as farmers look towards solutions that are reliable and have the lowest lifecycle costs. Xebec’s visibility and credibility in the marketplace are rapidly increasing due to its ability to provide local service and support through its “Xebec Service Centers”, while also providing systems that consume significantly less energy in converting biogas to RNG allowing for better project profitability.


Xebec expects to deliver the projects throughout 2020 and early 2021 with gross margin in line with our historic levels.


Quotes:
“We’re excited to see our strengthening position in the U.S dairy market. Our proven expertise in deploying our PSA technology in the European dairy market is being brought to the U.S. Xebec’s RNG systems are ideal for owners and operators of RNG projects who are looking to maximize uptime and reliability while minimizing electricity costs in operating their projects. We’re happy to partner with dairy farmers across the U.S as they join the movement of harnessing their manure waste to produce renewable energy for a more sustainable future.”
Dr. Prabhu Rao, Chief Operating Officer, Xebec Adsorption Inc.


Related links:
https://www.xebecinc.com
https://investors.xebecinc.com/press/2019-12-05-xebec-enters-california-dairy-rng-market-with-maas-energy-works/


For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762


Antonio Saavedra, Director, Sales and Business Development
asaavedra@xebecinc.com
+1 604.362.7297


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

29 days ago

8020 Admin posted a press release Xebec Welcomes Mr. Brian Levitt as Advisor to its Board of Directors in XEBEC ADSORPTION INC.


MONTREAL, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to announce today that Mr. Brian Levitt will be providing strategic, commercial and corporate finance advice to its board of directors and management.


Mr. Levitt is the current Chairman of The Toronto-Dominion Bank (TD) and has been an independent director on TD's Board since December 2008. In addition to being Chairman of TD, he also serves as director of Domtar Corporation and TD Ameritrade Holding Corporation.


He is the former President and Chief Executive Officer of Imasco Limited, during the time one of Canada’s largest consumer goods and services companies.


Furthermore, Mr. Levitt served as Chairman of the Board of Domtar Inc. (predecessor of Domtar Corporation) from 2004 to 2007.


Mr. Levitt is Chair Emeritus of the Montreal Museum of Fine Arts and is Vice-Chair of the Board of the C.D. Howe Institute as well as Chancellor of Bishop’s University. In 2015, Mr. Levitt was appointed an Officer of the Order of Canada.


Lastly, Mr. Levitt holds a law degree from the University of Toronto, where he also completed his Bachelor of Applied Science degree in Civil Engineering.


Quotes:
“I am very excited to be joining the Xebec team and to have the opportunity to help Xebec scale up through its next stages of development. Xebec’s know-how and proprietary technologies relating to renewable natural gas and hydrogen production have demonstrated that they can make a real difference to the ability of gas utilities and energy providers to contribute to the transition to low carbon energy solutions.”
Brian Levitt


“It is a great pleasure to welcome Brian Levitt as an advisor to our Board. His addition brings significant legal, commercial and financial know-how and experience to Xebec. As the company continues to grow and expand, the need for more experienced and seasoned senior executives and non-executives increases as well. We’re honoured to have Brian join our organization.”
Kurt Sorschak, Chairman, President and CEO, Xebec Adsorption Inc.


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


For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762


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

2 months ago

8020 Admin posted a press release Xebec Announces Closing of $23 Million Bought Deal Public Offering of Common Shares in XEBEC ADSORPTION INC.


NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

MONTREAL, Dec. 27, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. ("Xebec" or the "Corporation") (TSXV:XBC) is pleased to announce it has closed its previously announced bought deal offering, including the exercise in full of the Underwriters' over-allotment option. A total of 10,952,600 common shares of Xebec (the "Common Shares") were sold at a price of $2.10 per Common Share for aggregate gross proceeds of $23,000,460 (the "Offering"). The Offering was conducted by a syndicate of underwriters led by Desjardins Capital Markets and including Beacon Securities Ltd., Canaccord Genuity Corp., TD Securities Inc., Paradigm Capital Inc. and Raymond James Ltd. (together, the "Underwriters"). The net proceeds of the Offering will be used to, among other things and as more fully described in the short form prospectus relating to the Offering, develop and invest in new renewable gas projects, to pursue strategic growth initiatives and for general corporate purposes.


In connection with the Offering, the Corporation paid the Underwriters a cash commission equal to 6% of the gross proceeds of the Offering, and compensation options (the "Compensation Options") equal to 6% of the Common Shares issued pursuant to the Offering. Each Compensation Option will entitle the Underwriters to purchase a Common Share at an exercise price of $2.10 for a period of 12 months from the closing date of the Offering.


The Common Shares were offered by way of short form prospectus in all of the provinces of Canada. Copies of the final short form prospectus and documents incorporated therein may be obtained by sending a written request to the Secretary of the Corporation at 730, Industriel Blvd., Blainville, Quebec, Canada, J7C 3V4, telephone: (450) 979-8700, and are available electronically under the Corporation's issuer profile on SEDAR at www.sedar.com.


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.


For more information:


Xebec Adsorption Inc.
Brandon Chow, Manager, Investor Relations
+1 450.979.8700 ext 5762 bchow@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. Xebec has 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 Corporation, 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) accept 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 the intended use of proceeds from the Offering, 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 the global economy, Xebec's capacity to generate revenue growth, a 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

2 months ago

8020 Admin posted a press release Xebec Acquires California-Based Air and Gas Service Company in XEBEC ADSORPTION INC.


Next step in Xebec’s acquisition strategy to provide North American service for its Cleantech Systems and Installations

MONTREAL, Dec. 10, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (“Xebec”), a global provider of clean energy solutions is pleased to announce that Xebec Holding USA Inc, a wholly-owned subsidiary of Xebec Adsorption Inc., has entered into an agreement and effective December 10th, 2019, to acquire through a cash purchase all of the outstanding securities of CDA Systems LLC (“CDA”). CDA’s principals will remain with CDA after the acquisition to optimize their integration into Xebec’s industrial service and grow the business over the coming years.


CDA Systems is a leading distributor and service provider of Oil-Free Air Compressors, Air Dryers, and Filtration Systems in California’s San Francisco Bay Area. CDA designs, sells, rents, and maintains Clean Dry Air systems and, with decades of industry experience under their belt, have supported major manufacturers with numerous equipment installations.  These have included value engineered solutions supporting compression, dehydration, CNG, and other specialty gases, with a goal of achieving energy cost savings and utility rebates.


This acquisition follows on the recent news that Xebec has signed a Letter of Intent with Maas Energy Works to provide four small-scale, containerized biogas upgrading units in California. These BiostreamTM units will support the production of renewable natural gas from biogas streams generated from animal waste on small dairy farms located throughout California.


“The CDA purchase continues Xebec’s strategic journey to provide local, customer-centric service, support and operations capabilities for our cleantech and renewable gas segment. This is a critical component to our value proposition, and a key advantage to choosing Xebec for biogas upgrading projects. To be worry-free is important to customers and knowing that experienced local service and support is available delivers that peace of mind.”
Kurt Sorschak, President and CEO, Xebec Adsorption Inc.


Xebec’s industrial service and products segment has long been a solid contributor to the overall growth and profitability of the company, generating a significant amount of recurring revenue through the sale of parts and services. With the addition of Service Centers throughout North America, Xebec aims to become the leading renewable gas systems service and support provider, offering the unique service advantage of local support for nation-wide biogas to renewable natural gas projects.


Related links:
https://www.xebecinc.com/investor-press-releases-details.php?id=312
https://www.xebecinc.com
http://www.cdasystems.com/


For more information:
Brandon Chow, Investor Relations Specialist, Xebec Adsorption Inc
(647) 990-3639
bchow@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. Xebec has 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 CDA Systems LLC
CDA Systems is a leading distributor of Oil-Free Air Compressors, Air Dryers, and Filtration Systems in the California’s San Francisco Bay Area. They design, sell, rent, and maintain Clean Dry Air systems as well as Process Vacuum, POU Filtration, and Instrumentation & Automation related to critical air processes. The Industry sectors served include Pharmaceutical, Microelectronics, Refinery, Food & Beverage, R&D and Manufacturing.


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 the expectations of management of Xebec with respect to information regarding the business, operations and financial condition of Xebec resulting from CAI’s acquisition and other potential mergers and acquisitions opportunities involving potential targets in the industrial business segments, 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, Xebec’s capacity to successfully integrate CAI in its industrial products segment and to generate revenue growth as a result of CAI’s acquisition 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

2 months ago

8020 Admin posted a press release Xebec Announces $20 Million Bought Deal Public Offering of Common Shares in XEBEC ADSORPTION INC.


NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

MONTREAL, Dec. 09, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. ("Xebec" or the "Corporation") (TSXV:XBC) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Desjardins Capital Markets (the “Underwriters”) pursuant to which the Underwriters have agreed to purchase on a bought deal basis 9,524,000 common shares (the “Common Shares”) at a price of $2.10 per Common Share (the “Offering Price”) for aggregate gross proceeds to Xebec of $20,000,400 (the “Offering”).


The Corporation has granted the Underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering at the Offering Price to cover over-allotments, if any. If the Over-Allotment Option is exercised in full, the total gross proceeds of the Offering will be $23,000,460.


The Common Shares will be offered by way of short form prospectus to be filed in each of the provinces of Canada and in the United States by way of private placement pursuant to the exemption from registration provided for under Rule 144A of the United States Securities Act of 1933, as amended, and in such other jurisdictions outside of Canada and the United States as are agreed to by the Corporation and the Underwriters, in each case provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction and that the Corporation will not be or become subject to any continuous disclosure obligations in such jurisdiction.


The Corporation intends to use the net proceeds from the Offering to develop and invest in new renewable gas projects, to pursue strategic growth initiatives and for general corporate purposes.


The Offering is expected to close on or about December 27, 2019 (the "Closing Date") and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities.


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.


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 Corporation, 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) accept 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 the intended use of proceeds from the Offering and the expected closing date of the Offering, 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 the global economy, Xebec’s capacity to generate revenue growth, a 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

3 months ago

8020 Admin posted a press release Xebec Enters California Dairy RNG Market with Maas Energy Works in XEBEC ADSORPTION INC.

- Marks the launch of Xebec’s Biostream™ systems -

MONTREAL, Dec. 05, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions announced today that it signed a letter of intent on December 4th, 2019, with Maas Energy Works (“MEW”) for five Renewable Natural Gas (RNG) systems. Four of these systems will use Xebec’s innovative small-scale containerized Biostream™ upgrading solution.


The Biostream units are fully containerized and automated systems with a 62 to 280 SCFM (100 to 450 NCMH) capacity to convert biogas into 98+% pure biomethane, with 99+% methane recovery. The system is flexible and reliable with a 40 to 100% turn-down. One of the system options includes an integrated CNG Fuel Dispenser.


Maas Energy Works was looking for a solution that would support the production of renewable natural gas from biogas streams generated from animal waste on small dairy farms located throughout California. They discovered this innovative, affordable solution developed by Xebec that meets the needs of farmers while adhering to the strict California “Rule 30” specifications for the Low Carbon Fuel Standard (LCFS) program to reduce greenhouse gas (GHG) emissions.


Xebec will supply dairy farmers with an initial four (4) Biostream™ container systems, each with a 280 SCFM capacity. With additional included options, they could produce more than 80 million standard cubic feet (SCF) of pure biomethane annually. This renewable natural gas will be injected into the California gas grid, significantly reducing the State’s carbon footprint while providing a substantial revenue stream for the farmers who proudly support climate change action.


As part of the LOI, Xebec will also supply another, more substantial unit with a 1500 SCFM capacity for a site located in the Western region of the United States.


Project delivery dates are throughout 2020.


Quotes:
“Maas Energy Works has completed a detailed Technical and Commercial evaluation of different biogas upgrading technologies for our customers in California and found that Xebec’s unique BGX Biostream™ is a perfect fit for our farmers’ requirements to purify small biogas flows using one of the most cost-effective, compact solutions in the industry today.”
- Daryl Maas, President, Maas Energy Works


“Almost ten years ago, we began a clean energy journey in California with a demonstration plant that would successfully test our biogas upgrading solutions against the newly formed “Rule 30” specifications. With the fight against climate change dramatically escalating, we have been innovating ever since. I’m pleased that we can act now with technology solutions and the experience to answer many different needs for decarbonizing our future.”
- Dr. Prabhu Rao, COO, Xebec Adsorption Inc.


Related Links:
https://www.xebecinc.com/
https://www.maasenergy.com/


For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Specialist
+1 450.979.8700 ext 5762 bchow@xebecinc.com


Antonio Saavedra, Director, Sales and Business Development
+1 604.362.7297 asaavedra@xebecinc.com


About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC and the OTCQX Exchange under the symbol XEBEF. For more information, www.xebecinc.com.


About Maas Energy Works
Maas Energy Works has served as the lead developer on 25 new or upgraded dairy digester facilities that currently process manure from over 30 farms making them the most experienced dairy digester developer on the west coast. Maas Energy Works (MEW) coordinates project teams, designs, schedules, permits, grants, and utilities, while selecting equipment and contractors custom to the dairy facility. The company also operates the digesters and monetizes the biogas and all of its environmental attributes. Over the last 12 years of working in the dairy biogas industry, MEW has built an affiliated team of over 50 full time digester experts, plus a network of strategic partner companies that have a familiar, collaborative working relationship that is unequaled in the industry, enabling projects to move rapidly, avoid unnecessary costs, and provide a high quality and reliable outcome. MEW’s history of timely construction and continual operational performance is unparalleled in the industry and is critical to realizing “Renewable Energy that Works.”. For more information, www.maasenergy.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.


A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/63b66e4f-9f9f-46aa-952b-c754a0b23c1c


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Xebec’s Biostream™ small-scale containerized biogas upgrading system



Xebec’s Biostream™ small-scale containerized biogas upgrading system



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8020 Admin

3 months ago

8020 Admin posted a press release Xebec Reports Record 3rd Quarter 2019 with 136% in Revenue Growth in XEBEC ADSORPTION INC.

-  EBITDA of $1.5million and Net Profit of $1.0 million -

MONTREAL, Nov. 12, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) ("Xebec"), a global provider of clean energy solutions announced today its 2019 third quarter and nine-month periods results, with the following highlights:



  • Record revenues of $13.2 million in the third quarter of 2019 compared to $5.6 million for the same period in 2018, a 136% increase.

  • Positive EBITDA at $1.5 million for the third quarter 2019 compared to $0.1 million for the same period in 2018.

  • Net profit of $1.0 million or $0.02/share for the third quarter 2019, compared to a net loss of ($0.4) million or ($0.01)/share for the same period in 2018.

  • Working capital increased to $19.0 million as of September 30, 2019, for a current ratio of 2.3:1 compared with working capital of $5.2 million and a 1.6:1 ratio on December 31, 2018.


Financial Highlights:


Read more here:   https://quotemedia.com/portal/quote?qm_symbol=XBC%3ACC&qmodStoryID=4583275444684590 

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8020 Admin

3 months ago

8020 Admin posted a press release Xebec and Asja Announce a Construction Milestone on Genoa Landfill Site in XEBEC ADSORPTION INC.

Italy’s First Landfill Gas Upgrading to RNG Plant


MONTREAL, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions today announced that renewable energy project developer and operator Asja Ambiente Italia SpA  is in the final construction phase of its 11.2 MW landfill gas (LFG) to Renewable Natural Gas (RNG) plant in Genoa, Italy. Scheduled completion date is end of 2019. (Reference Xebec PR of March 6, 2019 – URL below).


Asja is a major player in international power generation using landfill gas generated at municipal solid waste (MSW) landfill sites. With this first time ever project, Asja is transforming its Genoa landfill site installation to produce biomethane instead of electricity. Xebec’s Pressure Swing Adsorption (PSA) system was chosen for its innovative solution, delivering lower initial investment costs, low operating and maintenance costs, flexible and stable performance, combined with high durability and reliability. Expected benefits from the transition of electricity production to biomethane are plant efficiency improvements, reduction of emission points from 5 to 2, less waste production, greening of the gas supply and a longer period for monetizing the biogas.


Quotes:
“Asja is strengthening its presence in the renewable energy sector in support of 2030 global targets. This project will allow us to produce biomethane versus electricity as a form of renewable power from biogas, a sector in which we have been a market leader in Italy for more than 20 years. In addition to this project, Asja has currently three biomethane production plants from organic waste in operation, two under construction and several more under development.
- Dr. Tommaso Cassata, General Manager, Asja Ambiente

“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). Xebec is a proven change agent in this transition, as we move from a fossil fuel economy to a low carbon renewable energy future.”
- Dr. Francesco Massari, General Manager, Xebec Europe


Related Links:
www.xebecinc.com
https://investors.xebecinc.com/press/xebec-receives-another-significant-order-in-italy/
https://www.asja.energy/


For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Specialist
+1 450.979.8700 ext 5762 bchow@xebecinc.com


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


About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC and on the OTCQX Exchange under the symbol XEBEF. For additional information on the company, its products and services, visit Xebec at xebecinc.com.


About Asja Ambiente Italia SpA
Asja Ambiente Italia designs, builds and operates renewable energy plants (PV, wind, biogas and biomethane). With more than 180 MW of installed capacity in Italy, China and Brazil, Asja generates over 600 GWh/y of green energy. Asja offers a range of products and services for energy efficiency and environmental sustainability: the TOTEM microcogenerator for the combined production of heat and power and the Asja -CO2 system for greenhouse gas emissions offsetting. Visit Asja at asja.energy.


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.


Two photos accompanying this announcement are available at: 

https://www.globenewswire.com/NewsRoom/AttachmentNg/7f1230e8-eb2a-44c3-ae64-aaac2e5985ca


https://www.globenewswire.com/NewsRoom/AttachmentNg/806c12f4-53b6-417c-8b2c-0fe19e944884


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Italy’s First Landfill Gas Upgrading to Renewable Natural Gas (RNG) Plant



Italy’s First Landfill Gas Upgrading to Renewable Natural Gas (RNG) Plant



Xebec in Final Construction of Asja’s Genoa Landfill Gas Upgrading to RNG Plant



 



Xebec in Final Construction of Asja’s Genoa Landfill Gas Upgrading to RNG Plant




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8020 Admin

4 months ago

8020 Admin posted a press release Xebec to Announce Q3 2019 Results and Host Investor Webinar on Nov 12 in XEBEC ADSORPTION INC.


MONTREAL, Oct. 30, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions, will announce its Q3, 2019 financial results on Tuesday, November 12th, 2019 before the market opens at 8:00 AM EDT, followed by a webinar at 11:00 AM EDT.


Xebec invites shareholders, analysts, investors, media representatives, and other stakeholders to our webinar where management will discuss Q3 results and provide guidance for FY2020, followed by a Question and Answer (“Q&A”) period.


Kurt Sorschak, President and CEO will host the webinar alongside CFO, Louis Dufour.


Date and Time


Tuesday, November 12th, 2019
11:00AM EDT (8:00 AM PDT)


Access Investor Webinar


Click or paste the link below in your web browser for registration and follow the online instructions.


Registration URL: https://app.livestorm.co/xebec-adsorption-inc/2019-q3-investor-webinar


After registering, you will receive a confirmation email with information about joining the webinar.


You can ask questions by typing them in the webinar’s console at any time during the presentation. They will be answered during the Q&A period.


Access Webinar by Dial-In


If you would like to access the webinar by phone, you will first need to complete registration at the URL mentioned above. You’ll then need to access the webinar on the day to receive a personalized dial-in number and code.


Note that those phoning in will be in “listen-only” mode and unable to participate in our Q&A.


Please visit the following page for further instructions on how to dial-in: https://support.livestorm.co/article/110-dial-in/


A recording of the webinar and supporting materials will be made available in the investor’s section of the Company’s website at www.xebecinc.com.


Related links:
https://www.xebecinc.com
https://support.livestorm.co/article/110-dial-in


For more information:
Brandon Chow, Investor Relations Specialist, Xebec Adsorption Inc
+1 647-990-3639 bchow@xebecinc.com
Kurt Sorschak, President and CEO, Xebec Adsorption Inc 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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