Xebec Adsorption Inc (XBC)

[junkHustler]

Welcome.

And thanks for your thoughts. We are in the very early stages of a huge growth story.

Im very bullish on this and other social impact equities.

XBC will be my darling for a few years Im sure.

GLTA & JMO

[Bowser]

Thanks for all your dd junkHustler. I agree that this stock has serious legs. Rob McWirter of Selective Asset Management Inc. likes it as well. He has a great track record and is widely followed. Second largest holding for his family. A change in the political parties in the US in 2020 to an administration that is more proactive to reducing carbon emissions could also make a huge difference. A reduction in reliance on fossil fuels globally is baked in. It's only a matter of time!

[junkHustler]

Xebec Adsorption is a growth stock to own in 2019

Following a new contract win, Beacon Securities analyst Ahmad Shaath has raised his price target on Xebec Adsorption (Xebec Adsorption Stock

This morning, Xebec announced it had signed a new $6-million contract for a landfill biogas plant in Italy.

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

Shaath says the wind is at Xebec’s back when it comes to RNG projects.

“We continue to see traction in RNG with recent targets set by SoCalGas adding >$500 million revenue opportunity,” the analyst says. “Last week, The Southern California Gas Company (“SoCalGas”) set medium and longterm targets for RNG on its push to become North America’s cleanest utility. SoCalGas set a target to replace 20% of its natural gas supply with RNG by 2030, with a short-term target of 5% RNG supply by 2022. California is the second largest consumer of Nat gas in the US, with over 2.1 trillion cubic feet “Tcf” (<8% of total US consumption). Compared to XBC’s current significant RNG markets, California ranks second to Italy (2.6 Tcf) and ahead of France (~1.6 Tcf). Benchmarking against Italy and France’s allocated budgets, we estimate California would need to spend upwards of $3.0 billion to achieve its goal. XBC’s immediate market opportunity is upward of $500 million. We highlight that SoCalGas has already filed a request asking California Public Utility Commission to allow customers to buy RNG in their home by the end of this year. The state’s RNG market is still in its first inning, with the RNG flowing to SoCalGas’ pipelines for the first time in 2H/FY18. Additionally, according to the DOE the US’ production of RNG is expected to grow at >20% CAGR for the next 12 years, from 1 Tcf to 10 Tcf.”

In a research update to clients today, Shaath maintained his “Buy” rating on XBC, but raised his one-year price target from $1.70 to $1.90, implying a return of 46 per cent at the time of publication.

Shaath thinks Xebec will post Adjusted EBITDA of $1.9-million on revenue of $27.4-million in fiscal 2018. He expects those numbers will improve to EBITDA of $6.0-million on a topline of $50.0-million the following year.

“FY19E will be the first year where XBC starts delivering on its largest RNG order, and with the new win, we expect the company to record $50 million revenues in FY19,” the analyst adds. “This should increase confidence in XBC’s ability to land larger orders ($10-$20 million per project). For reference, a year ago XBC’s clients were more focused on the company’s size given its LTM revenue of <$15 million and backlog that was less than that. Today, XBC’s clients should have increased confidence in its ability to deliver given its backlog of over $75 million and project wins of >$5 million becoming the norm.”

[junkHustler]

Xebec Receives Another Significant Order in Italy
03/12/2019

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

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

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

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

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

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

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

For more information:
Xebec Adsorption Inc.
Sandi Murphy, Director, Marketing and Investor Relations
+1 450.979.8718 [e-mail]

[junkHustler]

And another new 52 week high.

$1.34

GLTA & JMO

[junkHustler]

And another new high.

XBC is getting some good coverage now. Looks like we could be at the ground floor of a blue sky opportunity.

G:TA & JMO

[junkHustler]

New 52 week high.

:)

GLTA & JMO

[junkHustler]

Beacon Securities Insight:

"Xebec (XBC-V, Buy) – With the recent strong move in the stock price Analyst Ahmad Shaath is confident there is still ~75% upside from here. Taking a comparison to Hydrogenics (HYG-T, Not Rated) which recently received a 20% equity investment from the French company Airliquid at a 2.3x trailing sales multiple. If we compare the two… both are currently running ~$30-$40M in revenues and ramping to $50M this year. Hydrogenics generated ($9M) in EBITDA in 2018… forecasting to do ($3M) in 2019 and forecasting to break even in 2020. Contrast to XBC which set to generate $5M in EBITDA this year. Hydrogenics has a $160M market cap vs XBC’s $65M despite its similar revenue profile, much healthier macro exposure (Natural Gas market > Hydrogen) and stronger profitability. We are forecasting over the next 3 years a Revenue CAGR of 51%, EBITDA CAGR of 61% and EPS growth of 300%. With simple math using the 2.3x multiple that Airliquid used to invest in Hydrogenics XBC would be a $2 stock."

GLTA & JMO

[junkHustler]

Nice volume today.

The consolidation and churn is steady. Great for building support at these levels and chewing through more overhang.

All the action lately isnt even News driven. When news does hit there will be another frenzy.

Looking for $3-$5 over the next 24 months.

GLTA & JMO

[junkHustler]

Why biomethane is set to become a new normal

Independent environmental consultant Dr, Sarika Jain gives an overview of the trends in favour of the biomethane industry, and why it has the potential to replace natural gas.

Three years ago in Paris, 195 countries acknowledged and agreed on the impact of climate change and made commitments to reduce their greenhouse gas emissions to mitigate it. In order to meet these emission targets, some countries have taken steps to divest from coal and petroleum based energy and siphon that money to energy based on natural gas and renewable resources such as the sun, wind, biomass and waste. While natural gas has lower greenhouse gas emissions than its solid and liquid fossil fuel counterparts, it is still a fossil fuel which emits carbon dioxide when burnt. There are a number of technologies available today to produce renewable electricity but those for renewable natural gas are limited. This is where anaerobic digestion or biogas can play a significant role.

Biomethane is both a renewable form of energy and also has the potential to directly replace natural gas. In doing so, it can leverage existing infrastructure and the equipment. Thus, the transition from natural gas to biomethane can be gradual and seamless. Trends in favour of the biomethane industry have been noted, that indicate a further widespread use of this technology.


Trend 1: Proof of technology

The biogas upgrading (also known as biomethane or renewable natural gas) industry has grown significantly in the past five years or so. There are currently 77 operating upgrading plants in the USA as compared to 41 in 2014 which is a growth of 85% in the last three to four years. These plants are upgrading biogas produced on farms, in wastewater treatment plants, or from food waste and collected from landfills[1]. In the UK, upgrading plants have grown from 27 to 95 in the same timeframe[2]. Europe has in excess of 500 operating upgrading plants. Similar trends have been seen in other parts of the world including China, India, Canada, Japan and South Korea. This growth of the industry proves the robustness of upgrading of biogas technology and the streamlining of systems to incorporate biomethane into existing infrastructures.


Trend 2: Regulatory clarity and policy support

A few years ago, getting a connection to inject into a gas grid was a challenge due to uncertainty of regulations and policies. A significant shift has been noted in this regard all around the globe. The regulations and standards have been laid out by a number of countries along with a wide range of incentives, obligations and targets to support the growth of the sector.

Feed-in-tariffs are a commonly and successfully used financial incentive mechanism for the development of the upgrading industry. The Netherlands plans to transition to 100% renewable gas or biomethane to meet its gas needs by 2050. Similarly, France which has 47 upgrading plants in operation (as of end of 2017) has another 360 applications in the pipeline and has an eye on building 8TWh of biomethane injection capacity into the gas grid by 2023.

Recently, the UK has recommitted to incentivising biomethane via the Renewable Heat Incentive as well as the Renewable Transport Fuel Obligation, which compels fuel suppliers to increase the proportion of biofuels in their mix from the current 4.75% to 9.75% in 2020 and 12.4% in 2032, with additional targets for waste based biofuels and caps on crop based biofuels. Sweden and Norway utilise 64% and 57% of their biogas produced as vehicular fuel, respectively, and support it via carbon and energy tax exemptions[3].

In Estonia, the biomethane industry is supported by the Environmental Investment Centre by making funding available to cover 30% of the cost of development of upgrading plants to developers and 35% of the cost of purchasing biomethane buses and construction of biomethane stations to local governments[4].


Trend 3: New frontier - Liquified Biogas (LBG), Liquefied Biomethane (LBM), Biological Liquefied Natural Gas (BioLNG)

Research and innovation are an indicator of a healthy and growing industry. With the upgrading technology fairly established, what is the next thing on the horizon in the sector? Liquefied biogas/biomethane. Liquefied biomethane (LBM) is upgraded biogas or biomethane which is cooled to below -163°C using cryogenic technologies, such as reverse nitrogen Brayton cycle or mixed refrigerant cycle to liquefy it. In its liquefied form, biomethane is three times as dense as compressed biomethane (CBM).

Sweden was the earliest adopter of the technology. Lidkoping plant in Sweden has been producing LBM for vehicle fuel since 2012. Since then it has been adopted in a number of cities and countries including City of Oslo, Norway[5] for use in City buses, and more recently, Italy[6]. Modified engines for trucks have been available from Volvo, Mercedes, Scania, and Iveco for use with LBM[7]. Most recently, Furetank Rederi AB, a Swedish shipping company, modified two of its ships for use of LBM[8].

Biomethane is an industry that is established and expanding. It not only provides renewable energy, but also mitigates greenhouse gas emissions, returns vital nutrients to the soil and promotes sustainable development. There are plenty of reasons for it to be a part of government strategies to meet emission reduction commitments, organisational growth plans, waste management strategies, energy procurement, goods distribution systems and investor portfolios for its economic, environmental and societal benefits.

This article originally appeared in the January/February edition of Bioenergy Insight. Get a free copy of the magazine here.

Dr Sarika Jain is an independent environmental consultant, with a focus on sustainability.

Link: https://www.energycentral.com/c/pip/why-biomethane-set-become-new-normal

[junkHustler]

Fresh new high today. :)

$1.18 and the BID is thick.

GLTA & JMO

[junkHustler]

Nice day here on Friday. Market is starting to catch on.

Go XBC.

[junkHustler]

Bulls are starting to run towards XBC.

From Cantech:

2. Xebec Adsorption – A manufacturer of equipment that transforms raw gasses, such as the off-put from landfills, wastewater treatment facilities, and farms into renewable natural gas and hydrogen. The company has a strong backlog in Italy and France as a result of EU government’s pursuit to reduce the impacts of climate change. Strong future growth potential exists in the U.S. and Canada through contract wins for new builds and tuck in acquisitions of smaller companies in the $1-$5 million range. This will allow Xebec Adsorption to build out its recurring revenue servicing arm. The company’s competitive advantage is in its technologies ability to recover gasses more efficiently than its competitors, leading to more profitability by its users who can then collect higher gas volumes for resale. The company currently trades at $1.05, with a $71.4 million backlog, and a market cap of $68 million. Revenue in 2017 of $14 million growing to a projected $28 million to close out 2018 shows the company has finally hit an inflection point. 2019 revenue targets are $40 million with 25% as recurring revenue.

Management has a target for EPS of $.05 – $.07 for 2019. My favorite aspect of this company came from when talking to CEO Kurt Sorschak about his greatest fear. His response was if his company gets taken out before it gets to realize its full potential. If a takeover offer occurred, let’s say 50% above market price. His 14% ownership won’t be enough to defend against the instant gratification that shareholders would most likely accept if such a scenario occurred (Kurt is hungry, I like this guy!). In my opinion, considering the defensiveness of the industry and the growth Xebec could experience, trading at 20x 2019 eps would be a fair valuation. If Xebec can deliver, and come out of 2019 with $.06 cents in clean diluted EPS, I see no reason for the company not to trade at $1.20 at a minimum. However, on the risks side, Xebec could experience cost overruns during this high growth period. I currently hold a new position in Xebec Adsorption.

https://robinrspeziale.com/2019/02/16/top-5-investment-ideas-from-cantech-2019-guest-post/?fbclid=IwAR2evlebR1SNd2VAyOtfbKPZhuQpubTLAZhIkD9bC9FEwYCUcXT8iy_RuUU

[junkHustler]

Rob McWhirter on BNN

https://www.bnnbloomberg.ca/video/robert-mcwhirter-discusses-xebec-adsorption~1613252

BUY
Xebec Adsorptions Inc(XBC-X)
February 15, 2019

His family's second largest holding. They extract methane from garbage dumps and retrofit other existing extraction technologies. They are in discussions to take on Toronto's green bin business. Renewable natural gas in Canada is priced at $25 and Fortis is an aggressive buyer. Earnings expected to double by end-2019. They have a massive backlog of 3 years for take-or-pay contracts.

Robert McWhirter
President, Selective Asset Management
Price $1.05
Owned Yes

GLTA & JMO

[junkHustler]

Xebec’s First Italian Renewable Natural Gas Project is Operational
-Biogas to biomethane plant turns waste into renewable energy-

Release date: 28.01.2019

MONTREAL, (QC), January 28th, 2019 – Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (FRANKFURT: XB6 (“Xebec”), a global provider of clean energy solutions is pleased to announce that its first project in Italy – a biogas upgrading plant in Modena, Italy - is now operational. The AIMAG installation is successfully producing revenue-generating pure biomethane, also known as renewable natural gas (RNG), for injection into the local gas grid of AS RETIGAS. The biogas is produced from the anaerobic digestion (AD) of source-separated municipal organic waste.

Environmental engineering and construction company Atzwanger AG-SpA chose Xebec as its upgrading supplier after extensive evaluation of various technologies. Xebec’s innovative Pressure Swing Adsorption (PSA) technology was selected as the most reliable, cost effective and simple solution.

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

“This brand new dry-digestion-plant of organic waste is one of the first in the country to feed biomethane into a public grid thanks to the vision and determination of our client AIMAG, and one of the fastest ever built thanks to our key partners Xebec and Strabag.”
-Dr. C. Atzwanger, Managing Director, Atzwanger AG-SpA

“We’re delighted to have this first Xebec upgrading system operating in Modena, proving our system’s performance and reliability in Italy. Xebec is already a market leader in France with over 20 PSA systems delivering consistent, quality RNG to customers. Italy is strategically becoming the second key market for Xebec in Europe.”
-Dr. Francesco Massari, General Manager, Xebec Europe

Related links:
https://www.xebecinc.com
http://www.atzwanger.net/en/

For more information:
Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Marketing
+1 450.979.8718 [e-mail]

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.

[junkHustler]

Xebec Adsorption has 127 per cent upside, says Beacon Securities
DECEMBER 10, 2018 BY JAYSON MACLEAN

Cleantech junior Xebec Adsorption (Xebec Adsorption Stock Quote, Chart TSXV:XBC) has taken a strategic first step on its way to becoming a national player in the industrial compressed air and gas segment, says analyst Ahmad Shaath of Beacon Securities, who on Monday reiterated his “Buy” recommendation and $1.70 target price for XBC.

Xebec announced on Monday that it has entered into an arm’s length agreement to acquire Compressed Air International, a distributor and full-service supplier of industrial compressed air and gas products, for $2.2 million.

“This acquisition will set Xebec on a path of significant growth in its industrial compressed air treatment business, while also providing future Canada-wide service, support and operations capabilities for its clean tech and renewable gas segment,” said Kurt Sorschak, Xebec’s President and CEO, in a press release.

Shaath says Compressed Air’s two locations in Guelph and Woodbridge, Ontario, the acquisition gives XBC a much-needed beachhead in the province, enabling 24-hour service to in Ontario and allowing XBC to capitalize on clean tech offerings to its Ontario client base.

The analyst says that the deal should provide immediate synergies with a ten per cent upside to both revenue and EBITDA.

“While we do like the acquisition due to its financial parameters (profitable, 70 per cent recurring revenue, financially accretive as XBC trades at 8.3x FY19E EBITDA), we believe it is more important from a strategic perspective,” says Shaath in an update to clients. “The acquisition provides XBC with its first service hub in Ontario, with two service hubs in Woodbridge and Guelph that will enable it to provide around-the-clock service to Ontario-based clients.”

Shaath says that his estimates will get updated once the transaction closes. For now, he maintains them as follows: for fiscal 2019’s revenue and Adjusted EBITDA, he predicts $39.0 million and $1.9 million, respectively, and for fiscal 2020’s revenue and Adjusted EBITDA, he predicts $50.7 million and $7.3 million, respectively.

Shaath’s $1.70 target represents a projected 12-month return of 127 per cent at the time of publication.

https://www.cantechletter.com/2018/12/xebec-adsorption-has-127-per-cent-upside-says-beacon-securities/

[junkHustler]

Xebec Acquires Ontario-based Air And Gas Service Company

- First step taken in Xebec’s acquisition strategy to provide Canada-wide service and operational support for its Industrial and CleanTech Business -

Xebec is pleased to announce that it has entered into an arm’s length transactional agreement on December 6th, 2018, to acquire all of the outstanding shares of Compressed Air International Inc. (“CAI”) for a purchase price of C$2,200,000, subject to customary closing adjustments, effective on January 1, 2019. CAI’s principals will remain with CAI after the acquisition to optimize CAI’s integration in Xebec’s industrial compressed air treatment business.

“This acquisition will set Xebec on a path of significant growth in its industrial compressed air treatment business, while also providing future Canada-wide service, support and operations capabilities for its cleantech and renewable gas segment. Being able to provide local service, maintenance and operational support to our cleantech customers in Ontario, especially biogas upgrading customers, is a critical component to our value proposition. 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

CAI is a distributor and full-service supplier of industrial compressed air and gas products with locations in Woodbridge and Guelph, Ontario. In business for 20 years, CAI offers an extensive range of compressors, genuine and OEM-equivalent compressor parts, compressed adsorption and refrigerant air dryers, filtration products, emergency and preventative maintenance service as well as complete installation and service packages.

Xebec’s industrial 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. This acquisition represents a first transaction of a series of potential mergers and acquisitions opportunities involving potential targets in the industrial business segments as previously announced in the press release of the company dated November 7, 2018 (see related link below). Xebec aims to become a leading Canadian industrial air and gas treatment business, while also offering service and support capabilities for nation-wide biogas to renewable natural gas projects.

Xebec expects that organic growth of its industrial products division in combination with CAI’s four year average revenues of $4 million will lead to a doubling of division revenues in 2019 to about $12 to $13 million, constituting about 30% of overall company revenues.

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

[junkHustler]

BEACON SECURITIES has initiated coverage on XBC with $1.70 PT

Looks like analysts are starting to cover this one. Great to be in on the ground floor as the price target depicts a 250% upside.

GLTA & JMO

[junkHustler]

Xebec Announces Closing of Over-Allotment Option in Connection With Public Offering of Units

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

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

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

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

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

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

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

[junkHustler]

Xebec Announces a C$5.9 Million Order for France

MONTREAL, QC / ACCESSWIRE / November 29, 2018 / Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (FRANKFURT: XB6) ("Xebec"), a global provider of clean energy solutions announces strong order activity for France with a C$5.9 milllion order for multiple biogas upgrading Pressure Swing Adsorption (PSA) units to be delivered in 2019.

Xebec's French partner has won contracts for biogas upgrading systems where Xebec will supply core technology while its partner will provide the balance of plant for the biogas upgrading systems. This follows the twelve contracts announced last November (see related link below), reinforcing Xebec's position as market leader for PSA purification technology in France.

This order follows on the heels of a recent Press Release from Engie, a global energy provider, (see related link below) announcing that €800 million would be mobilized in the next five years to develop green gases, a new French sector of excellence that will create value and jobs in France. The plan will support the objective of at least 10% green gas injected into the networks by 2030, as enshrined in the French Energy Transition Law for Green Growth.

Facts on France's Renewable Gas Activity (source: Engie website – Oct 25, 2018)

At the end of 2017:

Over-all gas consumption: 494.26 TWhHHV.
548 installations produced biogas
630 GWh of biomethane were injected into the natural gas grid: biomethane constituted the equivalent of the annual consumption of roughly 50,000 households or 2,500 buses, and prevented 40,000 tonnes of CO2 emissions

To date:

66 sites are already injecting biomethane into the natural gas grid; over 800 projects are under study; and more than 400 projects have been entered in the capacity register (July 2018).

Xebec – Global Experience / Local Supply
Given the increased activity in Europe, Xebec has been building a strong supply chain in Europe to manufacture and deliver its biogas PSAs and upgrading systems for European markets.

"Xebec has already successfully delivered over 50 biogas systems in the last 15 years, so we know our experience plays an important role in being a supplier of choice for the multitude of projects now surfacing both in North America and Europe. Now that we are in position to support local manufacturing and service needs, we are confident that our solutions offer the best value in the marketplace."
Dr. Prabhu Rao, COO, Xebec

"A break-through in our adsorption technology has improved the methane recovery from anaerobic digesters (AD) and landfills while maintaining low operating costs, a winning combination. Other product attributes: reliability - our PSAs have accumulated over 15 million commercial operating hours with proven availabilities beyond 99.9%; and flexibility - Xebec's proprietary fast-cycle rotary valve can be automatically adjusted for gas flow and composition while maintaining gas purity. With reduced process complexity and smaller footprint, Xebec's complete systems are delivered as skidded, containerized modules for simple, fast installation, all of which result in considerable cost savings."
- Dr. Amir Ghasdi, Director, Biogas Solutions, Xebec.

In Other News
Xebec has approved the granting of 735,000 stock options to Prabhu Rao. The date of the grant was on November 19th, 2018. The strike price was at the fair market value of Xebec Adsorption Inc. stock as of the closing date of November 16th, 2018. The vesting period will be based on the performance of the Company and Prabhu Rao for the years ended December 31st, 2018 and/or 2019 and the duration will be seven (7) years.

Related links:

https://www.xebecinc.com/investor-press-releases-details.php?id=285
https://www.engie.com/wp-content/uploads/2018/11/pr-engie-biogas-industrial-plan.pdf
https://www.xebecinc.com

For more information:

Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Communications
+1 450.979.8718 [e-mail]

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.

[junkHustler]

Xebec Opens Brazil Market with a Landfill Gas Purification Order

MONTREAL, QC / ACCESSWIRE / November 19, 2018 / Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (FRANKFURT: XB6) ("Xebec"), a global provider of clean energy solutions will supply a stand-alone Pressure Swing Adsorption (PSA) Unit to the Brazilian company Gasgrid Gas e Energia S.A. (GASGRID) to purify their biomethane to Renewable Natural Gas (RNG) with a heating value that will exceed the 685/2017 Brazilian Gas Resolution (Standard) specifications.

The Xebec "polishing" PSA system, also known as a Nitrogen Rejection Unit (NRU), will have a calorific value in the range of 35,000 to 43,000 kJ/m³, to be located at one of the largest landfill sites in Sao Paulo, Brazil.

The Brazilian Gas Resolution 685/2017 was developed by local government to specify the minimum biomethane quality needed to distribute and/or inject into a conventional natural gas pipeline. However, a higher heating value fuel will help GASGRID guarantee a continuous supply of quality RNG, thereby delivering a better return on investment.

Xebec's NRU, customized for landfill applications, was chosen because it has the lowest operating and maintenance cost compared to all other NRU technologies. It is the second system sold this year for a similar application.

"We are happy to select the Xebec rotary valve PSA technology for this landfill application, and have already signed a Letter of Intent (LOI) to collaborate with Xebec on future projects."
- Rodrigo Nogueira, Chief Technology Officer/Senior Project Manager, Gasgrid

"Xebec has found a niche market for increasing biomethane heating value by adding our PSA adsorption process within currently operating biogas upgrading plants. Brazil is expecting to produce 500,000 m³/day of biomethane by the end of 2019, and Xebec hopes to play an important role in that development."
- Prabhu Rao, Chief Operating Officer, Xebec Adsorption Inc.

For more information:
Antonio Saavedra
Director of Sales & Business Development, Xebec Adsorption Inc
[phone]
[e-mail]

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.

[junkHustler]

Xebec Announces Third Quarter 2018 Operating Results -Revenue up 100%, EBITDA of $1.1million, and Net Profit of $0.64 million

MONTREAL, (QC), November 8, 2018 – Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions announced its 2018 third quarter and nine month results.

Financial Results

~ Revenues of $8.2 million in the third quarter of 2018 compared to $4.1 million for the same period in 2017, a 100% increase.
~ Positive EBITDA at $1.1 million in the third quarter 2018 compared to $0.3 million in 2017.
~ Gross profit of $2.8 million or 34% of revenues for the third quarter of 2018 compared to $1.7 million for the same quarter in 2017, a 65% increase compared to the same period in 2017.
~ Net profit of $0.64 million or $0.01/share in third quarter of 2018, compared to net income of $0.1 million or $0.00/share for the same period in 2017.
~ Working capital improved to $3.9 million for a current ratio of 1.4:1 compared with a working capital of $1.8 million and a 1.3:1 ratio in December 31, 2017.
~ Revenues for the nine-month period ended September 30, 2018, amounted to $18.0 million compared to $11.5 million for the corresponding period, an increase of $6.5 million.
~ Gross profit for the nine-month period ended September 30, 2018, of $5.7 million or 32% of revenue compared to $4.7 million for the same period in 2017, a 21% increase compared to the same period in 2017.
~ For the nine-month period ended September 30, 2018, net loss of $0.4 million or $(0.01) per share compared to a net profit of $1.0 million or $0.02 per share for the same period in 2017, a deterioration of $1.4 million.
~ Positive EBITDA for the nine-month period ended September 30, 2018, of $0.8 million compared to a positive EBITDA of $1.7 million for the same period in 2017.
~ Backlog increased by $48.8 million, from $16.7 million at November 28, 2017 to $65.5 million at November 8, 2018.
~ Selling and administrative expenses increased by $0.3 million in the third quarter of 2018 compared to the same quarter of 2017. For the nine-month period ended September 30, 2018, SG&A increased by $1.3 million compared to the same period of 2017. Intensive efforts and investments are being made to support the anticipated rapid growth of the Company.

Current Market Conditions and Guidance for 2018
The company was able to grow revenues by 100% in Q3/18 compared to the same period in 2017. Management partially resolved the working capital issues early in Q3/18 through credit facilities with EDC. With the November 7th closing announcement of a $6.1 million equity raise, and with conditions in Xebec’s target markets remaining favourable, Xebec anticipates that revenue generation will continue to increase, allowing us to maintain our guidance for revenue in 2018. We expect revenue growth for 2018 of 50% to 70%, leading to revenues in the range of CDN$ 22.0 to 25.0 million. Earnings per share (EPS) are expected to be somewhat weaker due to higher interest rate expenses and increases in overall spending, and are now expected to be in the range of 0.01 to 0.02.

Clean Technology
Our Cleantech segment continues to perform to expectations and our quote activity in the Cleantech segment has strengthened compared to prior years. We regard quote activity as an early indicator for future order activity. With a current order backlog of over $63 million, Xebec is emerging as a worldwide leader in biogas upgrading technology. We maintain our forecast that the Cleantech segment will grow 80 % to 100% in 2018, generating revenues of $16 million to $18 million.

Industrial Air & Gas Products
Xebec continues to push revenue growth in the Industrial Products Segment and we expect double digit organic revenue growth in 2018, up by 25% to 35% compared to last year. GM has been lower than expected but steps are in place to bring the gross margin back in line with guidance. We are already seeing an improvement in Q3/18. The first acquisition is on track to close in Q4/18. For the full year we expect revenues of $6.0 million to $6.5 million, and gross margins to move closer to our target range of 40%.

Guidance 2019
For 2019 Xebec expects growth and profitability to continue. Given the current order backlog of $65 million we expect revenues to increase to approx. $40 million, generating net income of $3 to $4 million ($0.05 to $0.07 per share) and EBITDA of $4 to $6 million.

A strong focus in 2019 will be on Xebec’s organizational development to allow the company to continue its successful growth in future years, while taking advantage of increasing short term opportunities in the Industrial and Cleantech market place.
As Xebec continues to grow, management is focused on balancing growth and profitability with the goal to maximize shareholder value.

2018 Third Quarter Financial Statements and Management’s Discussion and Analysis
The complete financial statements, notes to financial statements and Management’s Discussion and Analysis for the three-month and nine-month periods ended September 30, 2018, are available on the Company’s Website at www.xebecinc.com or on the SEDAR Website at www.sedar.com

For more information:

Xebec Adsorption Inc.
Kurt Sorschak, President and Chief Executive Officer
[e-mail]

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.

[junkHustler]

CGA Receives Broad Support for its Renewable Gas Funding Proposal to the Federal Government

OTTAWA, Oct. 18, 2018 /CNW/ - The Canadian Gas Association (CGA) has received broad support from stakeholders encouraging the Government of Canada to endorse CGA's federal policy proposal for a Renewable Gas Innovation Program. The proposal seeks a Federal Budget 2019 allocation of $750 million to support renewable gas project deployment, to facilitate technology commercialization, and to enhance federal laboratory renewable gas R&D capacity. To date, more than 35 letters of support have been sent to the Honourable Amarjeet Sohi, Minister of Natural Resources Canada.

To advance the discussion further and to educate Canadians about the role of renewable gases, CGA launched a social media campaign #CanadianRenewableGas via @GoSmartEnergy and LinkedIn. It includes factual information on renewable natural gas, hydrogen, and synthetic methane, and details on the role they can play in providing low-emission energy for Canada. We encourage participation in the campaign #CanadianRenewableGas and offer more information on our website.

Looking forward, natural gas has an important and growing role to play in Canada's long-term energy future. The National Energy Board forecasts that by 2040 natural gas will be the largest source of energy in Canada at 40 per cent of energy demand. With this demand growth, we see a significant opportunity to expand the Canadian renewable gas market.

Canada's extensive underground natural gas infrastructure and untapped renewable gas opportunity position us well to achieve CGA's May 2016 aspirational goals of 5 and 10 per cent RNG content by 2025 and 2030 respectively. However, in order to ensure success, sustained policy recognition and program support is required. Globally, more and more countries are recognizing the need for renewable gaseous energy solutions. For Canada, renewable gases offer a ready-now solution for reducing emissions from freight transportation, building heat, and industrial energy needs. By substituting just 5 per cent of Canada's gas supply with renewable gases, it would reduce GHG's by between 10 and 14 megatonnes.

Quotes

"Federal funding for the Canadian renewable gas market is a way to trigger the use of existing cost-effective energy infrastructure to meet emission-reduction targets. If the Government of Canada considers renewables a big part of
our energy future, renewable gases should be part of the plan. We encourage the Government of Canada to support this funding request in Budget 2019. "

Timothy M. Egan
President and CEO
Canadian Gas Association

"Canadian gas utilities are leaders in the effort to reduce emissions. Renewable gases offer a significant opportunity to do even more on that agenda, and CGA members hope the Government of Canada will commit the resources to work with us on it."

Steve Baker
President, Union Gas
Chair of the Board, Canadian Gas Association

"Canadian policy makers need innovative market tools to support their goals to reduce GHG emissions. Renewable gases are an untapped opportunity for Canada. Xebec has the knowledge and the technology solutions to play its part in Canada's renewable gaseous future. From hydrogen to converting biogas to renewable natural gas (RNG), a carbon neutral fuel, we have identified a niche that is both significant and relevant to greenhouse gas (GHG) reduction potential. What we need now is a federal commitment to get it done."

Kurt Sorschak
President & CEO
Xebec Adsorption, Inc.

"Pollution Probe believes the proposed federal Renewable Gas Innovation Program is in line with our view that the advancement of renewable gases, such as renewable natural gas (RNG), provides a substantial opportunity for Canada to reduce greenhouse gas (GHG) emissions, particularly from the transportation sector, while promoting economic growth for the country. We encourage the Government of Canada to support this initiative."

Steve McCauley
Senior Director, Policy
Pollution Probe

"Renewable natural gas plays a critical role in advancing Canada's clean, sustainable energy future. Federal funding is essential to enable this market in such a way that Canadians can learn, grow and demonstrate innovation and leadership."

Jennifer Green
Executive Director
Canadian Biogas Association

About CGA:
CGA is the voice of Canada's natural gas delivery industry and its members are distribution companies, transmission companies, equipment manufacturers and other service providers. Natural gas has a central place in Canada's energy mix meeting 34 per cent of the country's energy needs. Today more than 7 million customers representing well over 20 million Canadians rely on natural gas for heat and power in homes, businesses, hospitals and schools.

SOURCE Canadian Gas Association

For further information: Annik Aubry, Director, Communications and Social Media, Canadian Gas Association, 613-748-0057 ext.325 or 613-668-1128,

[jessicamary]

Why is every popular stock falling at a same time?

[junkHustler]

XBC a top pick today on BNN.

Rob McWhirter holds it in his fund and his personal portfolio.

Nice volume spike.

GLTA & JMO

[junkHustler]

Nice to close green and see some shares shaken out into institutional hands.

Buying all week. :P

GLTA & JMO

[junkHustler]

Correction:

Simon holds 5,072,250 shares.

GLTA & JMO

[junkHustler]

Not an insider from an executive level, but one from a material shareholder one.

I believe he holds over 2M shares which were purchased On the public market.

He bought most between .40 & .50 so more buying at these levels is a great sign and confirms that we may be ready for a big move.

GLTA & JMO

[lolabean]

How is he an insider------ Simon Arnsby

[junkHustler]

Insider buying by Simon Atsby is ramping up again. Last time that happened the stock doubled.

GLTA & JMO

[junkHustler]

This contract is worth over $5M in revenue to XBC.

And this project is one of four potentially starting this year.

Wow.

GLTA & JMO

[junkHustler]

Supplementary PR by City of Toronto:

City of Toronto to create renewable natural gas from Green Bin organic waste
20-Jul-2018

The City, in partnership with Enbridge Gas Distribution Inc., will begin installing new equipment at the Dufferin Solid Waste Management Facility later this year. The new equipment will allow the City and Enbridge to transform the raw biogas produced from processing Toronto's Green Bin organics into renewable natural gas (RNG) and inject that gas into the natural gas grid. Once in the grid, the City will be able to use the RNG to fuel its collection trucks. The first cubic metre of RNG is expected to be produced by the third quarter of 2019.

“This project represents a path to low-carbon fuel for the City and will play an important role in helping us reach our goal of reducing greenhouse gas emissions by 80 per cent by 2050,” said Mayor Tory. “I'm committed to working with City Council and City staff to ensure we are meeting our climate change action goals and to creating a more sustainable Toronto.”

This project is one of the first of its kind in Canada and North America and will allow the City to reduce fuel costs for its fleet of collection trucks and significantly reduce its carbon footprint.

“The Dufferin Organics Processing Facility is one of two state-of-the-art City facilities that use innovative pre-processing and anaerobic digestion technology to break down organic material,” said Councillor Jaye Robinson (Ward 25 Don Valley West), Chair of the City's Public Works and Infrastructure Committee. “Introducing RNG production at the site further emphasizes its status as a leading sustainable solid waste management facility.”

The RNG project supports the City's Long Term Waste Management Strategy and move toward a circular economy by using a closed-loop approach in which organics collection trucks are ultimately powered by the waste product they collect.

"This project is an important investment in green infrastructure in Ward 8," said Councillor Anthony Perruzza (Ward 8 York West).

The City is partnering with Enbridge on the design and construction of the new equipment as well as its operation and maintenance for the first 15 years.

“There is little debate that we need to look for cleaner or lower carbon energy options to heat our homes and move our vehicles. While traditional natural gas is the cleanest-burning conventional fuel, RNG is the first step in ‘greening’ the natural gas system," said Cynthia Hansen, Executive Vice President, Utilities and Power Operations, Enbridge Inc. "The City of Toronto has recognized this, and I commend Mayor Tory for seeing this vision through, and we look forward to additional opportunities as a result of this partnership.”

Current estimates suggest that the Dufferin RNG facility will produce approximately 5.3 million cubic metres of RNG per year – enough to power 132 heavy duty garbage trucks or about 90 per cent of the City's solid waste collection fleet. This is the first of four waste-to-RNG production opportunities identified by the City.

A Backgrounder with further details is available on the City's website: ow.ly/eOT130l2N1z.

About Enbridge Gas Distribution Inc.
Enbridge Gas Distribution Inc. has a 170-year history and is Canada's largest natural gas distribution company. It is owned by Enbridge Inc., a Canadian-based leader in energy transportation and distribution, and has ranked as one of the Global 100 Most Sustainable Corporations for the past eight years. Enbridge Gas Distribution distributes natural gas to over two million customers in Ontario. For more information, visit enbridgegas.com. Follow us on Instagram and Twitter @EnbridgeGas.

Toronto is Canada's largest city, the fourth largest in North America, and home to a diverse population of about 2.8 million people. It is a global centre for business, finance, arts and culture and is consistently ranked one of the world's most livable cities. For information on non-emergency City services and programs, Toronto residents, businesses and visitors can visit toronto.ca, call 311, 24 hours a day, 7 days a week, or follow us on Twitter at twitter.com/TorontoComms, on Instagram at instagram.com/cityofto or on Facebook at facebook.com/cityofto.

[Bonds77]

SCAM company becareful will fal under .10 they have ZERO cash and need to issue death spiral financing. No revenues and no income just cash burn

[junkHustler]

Xebec Chosen for City of Toronto's Renewable Natural Gas (RNG) Facility

Montréal, Québec (FSCwire) - Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions, announced today that it has been selected by Enbridge Gas Distribution Inc (Enbridge) to be the supplier for the turn-key biogas upgrading system for the City of Toronto’s first Renewable Natural Gas (RNG) facility, located at the Dufferin Solid Waste Management Facility.

Xebec’s upgrading solution provides high performance and reliability along with low operating costs. Thanks to this leading technology, Xebec has been gaining worldwide market share, and is now making strong inroads into the North American market.

This announcement follows the recent announcement that the City and Enbridge will build and install equipment at the Dufferin Solid Waste Management Facility that will turn Toronto`s organic waste into clean energy.

Related link: https://www.toronto.ca/home/media-room/news-releases-media-advisories/?nrkey=5065783082B4B3CF852582D0005802DE

The project provides a perfect example of a truly circular economy – where Green Bin organic waste is collected, cleaned and conditioned to become carbon-neutral renewable natural gas, and then injected into the gas grid to fuel the collection trucks that pick it up.

Expected to be completed in 2019, the project will allow the City to reduce fuel costs for its fleet of collection trucks and significantly reduce its carbon footprint.

Quotes:

"Xebec, as a Canadian Cleantech company, is proud to be part of this high profile Canadian project. Our technology perfectly supports the City of Toronto’s commitment to climate change action goals, using renewable energy which is the cornerstone of the global energy transition. It is gratifying to see our country’s momentum building on climate change initiatives, particularly as it relates to Renewable Natural Gas.” - Kurt Sorschak, President and CEO, Xebec Adsorption Inc.

For more information:

Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Communications
+1 450.979.8718 [e-mail]
Kurt Sorschak, President and Chief Executive Officer
[e-mail]

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.

[junkHustler]

New 52 week high.

For those who love technicals: https://www.barchart.com/stocks/quotes/XBC.VN/opinion

100% BUY

:)

GLTA & JMO

[junkHustler]

XEBEC RECEIVES U.S. ORDER FOR A NITROGEN REJECTION UNIT (NRU) FOR DEPLOYMENT AT A LANDFILL GAS UPGRADING INSTALLATION

MONTREAL, (QC), Aug 13th, 2018 – Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions announced today that it has received a multi-million dollar landfill gas upgrading order for a Nitrogen Rejection Unit (NRU) from a U.S. based customer. The system will be delivered in Q1/2019.

Xebec has been developing and refining its landfill gas purification technology for decades, and today offers the leading edge solution for the separation of Nitrogen (N2), Oxygen (O2) and Carbon Dioxide (CO2) within a single stage Pressure Swing Adsorption (PSA) unit. This particular Xebec PSA system, customized for this landfill application, has the lowest operating and maintenance cost compared to all other NRU technologies. The system can operate in a wide range of CO2 levels, allowing full optimization of the CO2 removal process upstream of the NRU, maximizing the overall efficiency of the landfill gas upgrading plant.

Quotes:
“Xebec offers methane recovery rates of 95%+ in two-stage configurations for applications where the N2 levels are elevated and high recovery rates are important. We are very excited to have been selected by one of the largest U.S-based landfill gas-to-energy developers, since it will allow us to demonstrate our latest technology development and showcase the performance of our systems. Upgraded landfill gas to RNG is playing an increasingly important role in the deployment of low carbon fuels in transportation. We expect Xebec to be playing an important role in this transition, as we move from a fossil fuel economy to a low carbon renewable energy future.” – Kurt Sorschak, President and CEO, Xebec Adsorption Inc.

Background:
There are currently 632 landfill gas to energy projects operating in the United States. In addition, the U.S. EPA has identified over 400 candidate landfills that are suitable for landfill gas to energy or RNG projects. Xebec is estimating that approximately 120 to 160 landfills out of the total number of operating and candidate landfills (1,032) could qualify for the production of RNG, indicating a market size for upgrading equipment in the range of USD$ 1.2 to 1.6 billion.

Operational & Candidate Landfills in the U.S.(Source: [https:/www.epa.gov/lmop/lmop-national-map]www.epa.gov/lmop/lmop-national-map)

The Landfill Gas-to-Energy market is undergoing a fundamental change, in as far as Landfill Gas-to-Electricity projects are today financially challenging. Solar and wind power projects offer electricity rates as low as 1.5 cents/kWh, a rate Landfill Gas-to-Electricity projects can no longer compete with. Consequently more and more waste companies and developers are looking toward Landfill Gas-to-Fuels, especially to RNG as a low carbon fuel alternative with a much better value proposition than electricity and a significantly higher return on investment (ROI).

Xebec is utilizing its innovative, proprietary fast cycle adsorption technology for its gas purification systems. This purification technology is generating an increasing amount of customer interest, mainly due to lower initial investment costs, low operating and maintenance costs, flexible and stable performance, combined with high durability and reliability.

[junkHustler]

Nice Q even with all their working capital issues over the last few Q's.

Now that they have all that resolved as per the latest credit instruments we should see some significant upside over the last half of the year as revenues take off and they burn through that enormous backlog.

GLTA & JMO

[junkHustler]

Xebec Announces Second Quarter 2018 Operating Results
-Revenue up 62%, $68 million in Order Backlog, EBITDA of $0.7 million, Net Profit of $0.3 million-

Montreal, Quebec (FSCwire) - Xebec Adsorption Inc. (TSXV: XBC) ("Xebec"), a global provider of clean energy solutions announced today its 2018 second quarter and six month financial results.

~ Significant increase of 665% in order backlog to $68.1 million as of August 6, 2018, as compared to $8.9 million on August 25, 2017. This includes a firm order commitment of $51 million to be delivered over three years. This indicates significant anticipated revenue growth for both 2018 and 2019.

~ Revenues of $6.6 million in the second quarter of 2018 compared to $4.0 million for the same period in 2017, a 62% increase.

~ Revenues of $9.8 million for the six-month period ending June 30, 2018 compared to $7.4 million for the same period in 2017, a 33% increase.

~ EBITDA at $0.7 million in the second quarter 2018 and 2017.

~ Net profit of $0.3 million or $0.01/share in the second quarter of 2018, same as for the corresponding period in 2017.

~ Working capital of $1.4 million for a current ratio of 1.2:1 compared with a working capital of $1.8 million and a 1.3:1 ratio in December 31, 2017.

Financial Results

Revenues of $ 6.6 million for the second quarter of 2018 compared to $4.0 million for the same period in 2017, a 62% increase. For the six-month period ended June 30, 2018, total revenues amounted to $9.8 million compared to $7.4 million for the corresponding period, an increase of $2.4 million.

Gross profit of $2.1 million or 31.6% of revenues for the second quarter of 2018 compared to $1.6 million for the same quarter in 2017, a 28% increase compared to the same period in 2017. For the six-month period ended June 30, 2018, gross profit of $2.9 million or 29.2% compared to $3.1 million for the same period in 2017, a 6% decrease compared to the same period in 2017.

Net profit of $0.3 million or $0.01 per share for the three month period ending June 30, 2018 compared to a net profit of $0.4 million or $0.01 per share for the same period in 2017, a slight deterioration of $0.1 million. For the six-month period ended June 30, 2018, net loss of $1.1 million or $(0.02) per share compared to a net profit of $0.9 million or $0.02 per share for the same period in 2017, a deterioration of $2.0 million.

Positive EBITDA of $0.7 million for the three month period ending June 30, 2018, same as the corresponding period in 2017. For the six-month period ended June 30, 2018, negative EBITDA of $0.33 million compared to a positive EBITDA of $1.3 million for the same period in 2017.
Backlog increased by $59.2 million, from $8.9 million in August 25, 2017 to $68.1 million in August 6, 2018.

Selling and administrative expenses increased by $0.5 million in the second quarter of 2018 compared to the same quarter of 2017. For the six-month period ended June 30, 2018, expenses increased by $1.0 million compared to the same period of 2017. Intensive efforts and investments were made to support the anticipated rapid growth of the Company.
As of June 30, 2018, the Company had $0.6 million of cash on hand and its positive working capital was reduced from $1.8 million at December 31, 2017 to $1.2 million at June 30, 2018.

Current Market Conditions and Guidance for 2018

Despite continued working capital issues in Q2/18, the company was able to grow revenues by 62% compared to the same period in 2017. Management resolved the working capital issues early in Q3/18 through credit facilities with EDC and anticipates that, going forward, revenue generation will significantly increase. Conditions in Xebec’s target markets remain favorable, allowing us to maintain our plan for increases in total revenue in 2018. Despite a weak start to the year, we expect revenue growth for 2018 of 50% to 70%, leading to revenues in the range of $22.0 to $25.0 million. Earnings per share (EPS) are expected in the range of $0.02 to 0.05.

Clean Technology – Hydrogen and Renewables
Our Cleantech segment continues to perform well, both on the hydrogen and the biogas upgrading side. We have made significant progress on order bookings both in North America and China. We have booked two new biogas orders in North America, and four hydrogen purification orders from different clients in different countries during Q2/18. With an order backlog of over $68 million Xebec is emerging as the worldwide leader in biogas upgrading technology. We continue to penetrate our target markets, and these activities could lead to significant order flow over the next few quarters. We expect the Cleantech segment to grow 80% to 100% in 2018, generating revenues of $16 million to $18 million.

Industrial Compressed Air and Gas Treatment
Xebec’s growth and acquisition strategy in the Industrial Products segment will lead to both organic and inorganic revenue growth in 2018. The first acquisition is targeted to close in Q3 or Q4/18. Xebec expects to grow this segment by 25% to 35% compared to last year. While gross margins have been somewhat eroded over the last 6 months, Xebec has put steps in place to bring the gross margin back to more normal levels. We expect revenues of $6.0 million to $7.5 million, and gross margins to move back into the high 40% range.

2018 Second Quarter Financial Statements and Management’s Discussion and Analysis

The complete financial statements, notes to financial statements and Management’s Discussion and Analysis for the three-month and six-month periods ended June 30, 2018, are available on the Company’s Website at www.xebecinc.com or on the SEDAR Website at www.sedar.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.

[junkHustler]

Nice day today.

Go XBC!

GLTA & JMO

[junkHustler]

Nice news.

And a new 52 week high.

GLTA & JMO

[junkHustler]

Xebec Obtains C$23M of Additional Financial Support from Export Development Canada (EDC)

Credit Facilities for C$11 Million and Bonding Facility for C$12 Million to Support Xebec’s Accelerated Growth

Montral, Qubec (FSCwire) - Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of gas purification solutions for the industrial, energy and renewables marketplace, announces today that it has obtained C$23 million of additional financial support from Export Development Canada (EDC), Canada’s export credit agency. The financial support consists of a credit agreement worth C$11 million with two credit facilities, and a 3 year term consisting of a C$2 million working capital line and a C$9 million Purchase Order (PO) facility. In addition, Xebec has also secured a C$12M bonding facility with EDC. The bonding facility will be used to support the issuance of multiple bank guarantees.

Quotes:

“We are very pleased and excited that EDC has extended these facilities to Xebec. This will allow us to fund working capital requirements to support our existing backlog and new orders for our international projects. Xebec’s order backlog has increased by some 600% in the last few months to over C$ 65 million, driven by solid demand for our cleantech solutions in the hydrogen and biogas upgrading space, and these facilities will play an important role in our ability to deliver these orders and continue to profitably grow Xebec.”

- Kurt Sorschak, President & CEO, Xebec

“Supporting clean technology solutions like those developed, engineered and manufactured by Xebec is a priority for EDC. We are particularly pleased to support one of our Cleantech Export Stars as they expand internationally and bring more of their innovative hydrogen and biogas purification technology solutions to the world.”

- Mark Senn, Director of EDC’s Cleantech Team

Related links:

https://www.xebecinc.com
https://www.edc.ca/en

For more information:

Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Communications
+1 450.979.8718 [e-mail]

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. With more than 1,500 customers worldwide, Xebec designs, engineers and manufactures innovative products that transform raw gases into marketable sources of clean energy. Xebec’s strategy is focused on establishing leadership positions in markets where demand for renewable energy through gas purification and generation, natural gas dehydration, and filtration is growing. Headquartered in Montreal (QC), Xebec is a global company 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, please visit the Xebec website at www.xebecinc.com.

About Export Development Canada
EDC helps Canadian companies go, grow, and succeed in their international business. As a financial Crown corporation, EDC provides financing, insurance, bonding, trade knowledge, and matchmaking connections to help Canadian companies sell and invest abroad. EDC can also provide financial solutions to foreign buyers to facilitate and grow purchases from Canadian companies. For more information, call 1-888-434-8508 or visit www.edc.ca.

[junkHustler]

Xebec Receives Multiple Hydrogen Purification Orders for C$ 3.1 million

Montreal, Quebec (FSCwire) - Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions for the industrial, energy and renewables marketplace, announced today that it has booked several hydrogen purification orders in the past weeks, totaling over C$ 3.1 million, for delivery in the next 6 to 8 months.

Orders have been won from customers in Japan, Taiwan, Italy and Canada, reflecting the growing demand for hydrogen-based solutions for transport, stationary fuel cells, and refinery off-gases.

"As hydrogen driven energy solutions are gaining traction worldwide, it is great to see that an increasing number of international clients are choosing Xebec’s reliable and low-cost purification technology. Renewable energy projects like the generation and storage of hydrogen and renewable hydrogen (RH2) will be one of the key drivers in the global energy transition."

– Kurt Sorschak, President and CEO, Xebec Adsorption Inc.

Did You Know?

According to the Hydrogen Council, hydrogen can offer economically viable, financially attractive, and socially beneficial answers to the challenges of transitioning to low-carbon energy and improving air quality in cities. The vision for the hydrogen economy in 2050 is the first comprehensive quantification of the long-term potential of hydrogen as a central pillar of the energy transformation.

It would avoid 6 Gt of CO2 emissions
It would create a US$ 2.5 trillion market for hydrogen and fuel cell equipment
Annual demand for hydrogen could increase tenfold by 2050
It would provide sustainable employment for more than 30 million people.

Related links:

http://hydrogencouncil.com/wp-content/uploads/2017/06/Hydrogen-Council-Vision-Document.pdf
http://hydrogencouncil.com/hydrogen-scaling-up-new-roadmap-launches-at-cop-23
https://www.xebecinc.com

For more information:

Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Communications
+1 450.979.8718 [e-mail]

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.

[junkHustler]

Nice day with good volume.

Cormark and TD battling it out on the BID.

Looking forward to Monday.

GLTA & JMO

[junkHustler]

Xebec Signs a Supplier Agreement with DV Systems

- Providing Compressed Air Dryers for the North American Market -

Montreal, Quebec (FSCwire) - Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions for the industrial, energy and renewables marketplace, announced that it has signed an agreement to supply Heatless Regenerative Air Dryers to DV Systems Inc, a manufacturer of state-of-the-art rotary screw and piston compressors. Xebec expectations are to provide between 40 and 60 units within the next year.

DV Systems designs, engineers & manufactures efficient, performance-driven compressed air technology solutions for North American industry. They have been manufacturing industrial air compressors since 1954 in their Canadian facility in Barrie, Ontario, taking particular pride in providing reliable, innovative products and end-to-end compressed air system solutions to more than 50 North American distributors.

Xebec’s adsorption technology is renowned in Canada. With more than 50 years manufacturing compressed air and gas dryers to a global market, Xebec has taken on a leadership role, innovating higher quality products, systems and technology solutions, particularly as they relate to stricter Canadian governmental regulations.

Xebec’s regenerative dryers are made in Canada, completely CRN-compliant, CSU and ASME-certified, including registration in every province, and pressure vessel registration in Canada for cyclic service. Given the increased level of customer awareness and enforcement of these CRN requirements by the regional agencies, Xebec provides a layer of assurance that is critical in making decisions about capital investments.

"DV Systems is very happy to begin working with and representing Xebec products. We share many common values; quality products, excellent customer service and fast response to our clients’ needs. We look forward to a successful relationship.”

– Garth Greenough, President, DV Systems Inc.

"This is an important relationship for Xebec’s Industrial Products Division. Our regenerative dryers occupy a unique position in the Canadian market space. This new partnership will create opportunities to introduce our line to a variety of end users where we hope to satisfy market needs, allowing both companies to benefit."

– Claude Boyer, Director, Compressed Air Division, Xebec Adsorption Inc.

Related links:

http://www.xebecinc.com
http://www.dvcompressors.com

For more information:

Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Communications
+1 450.979.8718 [e-mail]

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.

[junkHustler]

Insider buying disclosed today. Guy has purchased 17K shares on the open market as of June 28th at a price of .77

Another bullish sign.

Good volume today.

GLTA & JMO

[junkHustler]

Xebec Announces Results of 2018 Annual General Meeting

Montreal, Quebec (FSCwire) - Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of gas purification solutions for the industrial, energy and renewables market, announced the results of its Annual General Meeting held on June 14th , 2018 in Montreal, Quebec, Canada.

Election of Directors

All of the nominees listed in the Management Information Circular dated May 11th, 2018 were re-elected by majority vote cast by shareholders present or represented by proxy. Director biographies are available in the Board of Directors’ section of the Company’s website.

Kurt Sorschak
William Beckett
Dr. Prabhu Rao
Joseph H. Petrowski
Guy Saint-Jacques

Other Business

An increase in the pool of stock options of the Corporation was also approved, from 7,892,773 to 8,500,873, representing 20% of 42,504,367 issued and outstanding common shares of the Corporation (the “Common Shares”) as of May 11th, 2018.

In addition, Raymond Chabot Grant Thornton LLP, Chartered Professional Accountants, were re- appointed as auditors for the Company. Xebec’s CEO also provided an update on the business, which can be found at www.xebecinc.com/investor-presentations.php

Xebec provided guidance on its Earnings Per Share (EPS), expected to be in the range of 0.02 to 0.05. In Xebec’s target markets, current market conditions remain favorable, allowing us to maintain our plan for increases in total revenue in 2018. Despite a weak Q1/18, we expect revenue growth for 2018 of 50% to 70% compared to 2017, leading to revenues in the range of CDN$ 22.0 to 25.0 million.

For more information:
Sandi Murphy, Director, Investor Relations and Communications
Xebec Adsorption Inc.
[phone]
[e-mail]

[junkHustler]

EPA Proposes New Renewable Fuel Mandates
Posted by Betsy Lillian -June 26, 2018

The U.S. Environmental Protection Agency (EPA) has issued a proposed rule under the Renewable Fuel Standards (RFS) program that would set the minimum amount of renewable fuel that must be supplied to the market in calendar year 2019, as well as the biomass-based diesel volume standard for calendar year 2020.

?The Clean Air Act requires the EPA to set annual RFS volumes of biofuels that must be used for transportation fuel for four categories of biofuels: total, advanced, cellulosic and biomass-based diesel. The agency says it is using the tools provided by Congress to adjust the standards below the statutory targets based on current market realities. The EPA implements the RFS program in consultation with the U.S. Department of Agriculture and the U.S. Department of Energy.

Some key elements of today’s action are as follows:

“Conventional” renewable fuel volumes, primarily met by corn ethanol, would be maintained at the implied 15-billion-gallon target set by Congress for 2019;
The advanced biofuel standard for 2019 would be increased by almost 600 million gallons over the 2018 standard;
The cellulosic biofuel standard for 2019 would be increased by almost 100 million gallons over the 2018 standard; and
The biomass-based diesel standard for 2020 would be increased by 330 million gallons as compared to the standard for 2019.
epa
Source: EPA
Advertisement CMD
The agency notes that the biomass-based diesel standard for 2019 was set at 2.1 billion gallons this year and cannot be changed.

The EPA is also taking comments on ways to improve market transparency, including by limiting who can participate in the Renewable Identification Number (RIN) market and the length of time a RIN can be held.

Applauding the proposed renewable fuel volume obligations (RVOs) is the Coalition for Renewable Natural Gas:

“The EPA’s proposed 2019 cellulosic biofuel RVO of 381 million gallons represents a 32 percent increase over the 2018 level,” states Johannes Escudero, CEO of the coalition. “We are pleased that the proposal recognizes that the RNG industry is continuing to grow under the RFS program. A 381-million-gallon cellulosic biofuel RVO will provide a policy framework that should allow renewable natural gas (RNG) stakeholders to continue developing and access the capital necessary to invest in, build and service new RNG production facilities.”

According to the group, the RNG industry produces more than 95% of the fuel that is used to meet the RFS program’s cellulosic biofuel requirement. Since 2011, the RNG industry has developed over 45 facilities capable of producing cellulosic biofuel, and there are currently an additional 50 projects under construction or development. The industry’s cellulosic biofuel production has increased from approximately 33 million gallons in 2014 to over 240 million gallons in 2017, the coalition says.

“We appreciate the fact that the EPA’s proposed cellulosic biofuel RVO reflects continued growth in the RNG industry,” Escudero continues. “We look forward to working constructively with the administration to ensure that the methodology used to set the final cellulosic biofuel requirement accurately reflects the RNG industry’s investments and that the program is administered in a way that allows for these gallons to be used in the marketplace.”

NATSO, a national association representing truckstops and travel plazas, is also praising the announcement:

“We thank EPA and the entire administration for hearing and responding to the retail fuel industry’s concerns and proposing ambitious yet achievable renewable fuel obligations,” says Lisa Mullings, president and CEO of NATSO. “If the United States can continue down this path, while fostering an environment of certainty and transparency, the RFS will continue to function as Congress intended by incentivizing renewable fuel blending while lowering fuel prices for consumers.”

NATSO recently testified before Congress that the RFS has largely succeeded because it allows fuel retailers to offer biofuel blends to consumers at a price that is less expensive than purely petroleum-based products. The RFS is designed to enable fuel marketers to lower consumer prices at the pump by blending more renewable fuels into their fuel supply, the association explains.

According to NATSO, annual renewable fuel volume obligations can create market certainty and encourage fuel retailers to invest in the infrastructure necessary to incorporate and sell biofuels.

Link: https://ngtnews.com/epa-proposes-new-renewable-fuel-mandates

[junkHustler]

Market Update on Xebec’s Global Renewable Natural Gas Opportunity

MONTREAL, (QC), June 5, 2018 – Xebec Adsorption Inc. (TSXV: XBC)(“Xebec”), a global provider of gas purification solutions for the industrial, energy and renewables marketplace, has been tracking the biogas upgrading market, particularly as it relates to the commercial opportunity for the production of renewable natural gas (RNG). The company wishes to update shareholders on the state of the market and other opportunities Xebec is pursuing.

As previously announced, on May 16th Xebec signed a minimum purchase order commitment from Italy’s Sapio Group for multiple biogas upgrading plants totaling approx. Euro 33 million (CDN$ 51 million).

Italy could soon emerge as the largest biogas upgrading market in the world

The Italian Government recently identified the transportation sector as a primary end user for renewable natural gas (RNG) in the form of bio-CNG and bio-LNG. In March, the European Commission under EU State aid rules approved an Italian support scheme for the production and distribution of advanced biofuels, including advanced biomethane. Italy's Economic Development Ministry (MISE) then signed two new energy decrees which include measures to aid large gas consumers as well as incentives for biomethane in transport for Euro 4.7 billion (CDN$7.4 billion). Within two weeks, Italy’s Gas Operator, Snam, had received more than 500 requests from potential biomethane producers to connect their upcoming biomethane production sites to the existing gas grid, indicating a market size for biogas upgrading equipment in excess of CDN$ 1.5 billion over the next 3 to 5 years.

France continues on its path to build in excess of 500 biogas upgrading facilities

At the end of 2017 France had approximately 40 operating biogas upgrading facilities of which Xebec held a 12% market share in number of units and a 47% market share in volume of renewable natural gas injected into the national French gas grid (GRDF).

The French Environment & Energy Management Agency (ADEME) anticipates that between 500 and 1,400 biogas upgrading facilities will be built by 2030, injecting between 12 and 30 TWh/year of renewable natural gas into the GRDF grid. This represents an investment of CDN$ 1.0 to 2.8 billion. Xebec’s position in the French market allows us to believe we could build market share to 20% within the next few years.

United States will see 200 to 300 Renewable Natural Gas (RNG) facilities

Dairy farmers in California are looking to monetizing their farm biogas. Due to a series of government regulations and incentives that have come into effect over the last decade, dairy farmers can now obtain up to USD$ 75.00/MMBtu for their RNG.

Market participants expect to see 120 to 150 dairy farm biogas upgrading projects in the next 3 to 5 years, representing an investment in upgrading equipment of around USD$ 500 to 700 million in California alone. Other States are also favouring the use of RNG, but project numbers are more difficult to estimate. Xebec believes, however, that there could be another 50 to 100 projects, bringing the U.S. market size for upgrading equipment to over USD$ 1.0 billion. Xebec was the first company to deploy and demonstrate its ability to meet California’s stringent Rule 30 requirements, and sees a tremendous upside for its technology solution with the U.S. opportunity.

Canada is an evolving RNG market

Canada has been slow in the deployment of biogas upgrading facilities but over the last 18 months the market has seen a significant shift from electricity towards RNG. Canadian gas utilities now offer a price for RNG between CDN$ 9.00 to 30.00/MMBtu. Consequently, the market is seeing a re-definition of Waste-to-Energy where this no longer implies Waste-to-Electricity but Waste-to-Fuels, especially low carbon fuels. Close to 50 projects are ongoing with an approximate value in excess of CDN$ 200 million.

The Canadian Biogas Association estimates that the market for biogas upgrading plants in Canada will have a total value of approximately CDN$ 700 million, indicating about 250 to 300 installations over the coming years comprised of landfills, waste water treatment plants, municipal waste plants, and farm-based upgrading projects. Xebec, as the only major Canadian player in this field, is targeting a market share of 30%.

Conclusion

With close to 60 installations worldwide, Xebec is a leader in biogas equipment sales, service and support with its robust, low cost and fully automated systems. Moving forward, Xebec will focus on the countries identified above to become a major player in those target markets that represent a value of CDN$ 2.5 to 3.0 billion for equipment sales, or 1,250 to 1,500 biogas upgrading installations. This market opportunity is similar to the one that existed for Waste-toElectricity projects 15 to 20 years ago. Today Waste-to-Electricity can no longer compete with lower cost wind and solar projects; low carbon fuels are the next step in the global energy transition, especially in the Waste-to-Energy market.

Related links:

Watch the YouTube video to see the largest Xebec system in France on display:

http://europa.eu/rapid/press-release_IP-18-1441_en.htm

https://www.platts.com/latest-news/agriculture/barcelona/italy-passes-biomethane-large-gas-user-decrees-26902859

https://www.platts.com/latest-news/natural-gas/barcelona/italys-snam-to-invest-eur52-billion-through-2021-26908724

http://www.grtgaz.com/en/solutions-for-the-future/energy-solutions-with-a-future/biomethane.html

https://www.nwga.org/nwga-rng-incentives-become-law-in-washington-state/

For more information:

Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Communications
+1 450.979.8718 [e-mail]

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.

[junkHustler]

Xebec Shanghai Receives CDN$ 3.4 Million in Hydrogen Purification Orders

Montral, Qubec (FSCwire) - Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of gas purification solutions for the industrial, energy and renewables marketplace, announced today that its subsidiary in China has received four orders for its hydrogen fast cycle pressure swing adsorption (PSA) gas purification systems totaling CDN$ 3.4 million. Deliveries are scheduled to occur within the next six months.

Progress is underway in some of the world’s biggest markets

According to the Hydrogen Council, the deployment of transport solutions has begun around the world with Japan, South Korea, California and Germany leading the way. Japan has set itself a target of having 40,000 Fuel Cell Electric Vehicles (FCEVs) on the road by 2020; China plans 1 million FCEVs by 2030 and is already investing in infrastructure. The Hydrogen Council believes the global quantity of required hydrogen will increase 10-fold over the next 30 years. This creates a great opportunity for Xebec and its hydrogen related technologies.

“Xebec Shanghai has developed concrete plans to expand its presence in the hydrogen purification segment, especially as it relates to renewable hydrogen as a fuel for fuel cell vehicles. With our recent partnership announcements (see related links below) with JNK Heaters in Korea and Furui Hydrogen in China, we are very happy with the order progress to date. With China gearing up to become the largest player in the hydrogen transport market as early as next year, we look forward to playing an increasing role in the movement from a fossil fuel economy to a low carbon renewable energy future.”

- Kurt Sorschak, President and CEO of Xebec Adsorption Inc.

“Xebec utilizes an innovative, proprietary fast cycle adsorption technology for its gas purification systems that is generating an increasing amount of customer interest, mainly due to lower initial investment costs, low operating and maintenance costs, combined with high durability and reliability.”

- Dr. Peter Cheng, General Manager, Xebec Shanghai

Currently, Xebec has over 220 advanced Xebec purification systems in operation worldwide. Given the increased demand for hydrogen systems globally, Xebec expects to significantly increase the number of its operating units by 2020.

Related Links:

http://www.xebecinc.com/investor-press-releases-details.php?id=294
http://www.xebecinc.com/investor-press-releases-details.php?id=295
http://hydrogencouncil.com/wp-content/uploads/2017/11/Hydrogen-Scaling-up_Hydrogen-Council_2017.compressed.pdf

For more information:

Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Communications
+1 450.979.8718 [e-mail]

Kurt Sorschak, President and Chief Executive Officer
[e-mail]

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.

[junkHustler]

Xebec Adsorption to Host Investor Webcast on May 31, 2018

Montreal, Quebec (FSCwire) - Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions for the industrial, energy and renewables marketplace, announced today that it will host a webcast investor presentation on Thursday, May 31st at 11:00 AM ET.

During the webcast, Kurt Sorschak, President and CEO, will conduct a power point presentation that will cover key areas of Xebec’s business. Topics will cover products and services, the current state of the industry, expected market trends, growth strategy, the recent $51M agreement with Sapio Group and future business objectives. Investors will have an opportunity to ask relevant questions and interact with management.

To listen to the live webcast or to ask questions during the live event, please pre-register at the following link: https://event.webcasts.com/starthere.jsp?ei=1194416&tp_key=7184cd887e

An archived version of the webcast and presentation will be available.

For more information:

Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Communications
+1 450.979.8718 [e-mail]

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.