Xebec Adsorption Inc (XBC)

[junkHustler]

Xebec announces additional proceeds of $1,000,000 pursuant to its intellectual property transaction of March 22, 2012

BLAINVILLE, QC, Oct. 24, 2012 /CNW Telbec/ - Xebec Adsorption Inc. (TSX: XBC) ("Xebec"), a provider of biogas upgrading, natural gas, field gas and hydrogen purification solutions for the clean energy and crude-derived fuels displacement markets, announced today that it has received additional proceeds of $1.0 million pursuant to its intellectual property transaction of March 22, 2012. Xebec expects to receive further payments over the next 18 months, upon achievement of certain conditions.

The press release to the March 22nd, 2012 transaction can be obtained at the following link:
http://www.xebecinc.com/investor-press-releases-details.php?id=216

About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of clean energy solutions to corporations and governments looking to reduce their carbon footprints, while enabling the displacement of crude-derived fuels. Xebec's strategy is focused on establishing leadership positions in markets where demand for biogas upgrading, natural gas dehydration, field gas conditioning and hydrogen purification is growing. Headquartered in Montreal (QC), Xebec is a global company with two state-of-the-art manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America and Asia. Xebec trades on the TSX under the symbol XBC. For additional information on the company and its products and services, please visit the Xebec web site at www.xebecinc.com.