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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.
Of course!
Nobody who’s been holding this for 3 years is green.
More likely they are dark brown.
And up to their neck in overpriced shares they cant sell.
Paid promotion for a Pink Sheet stock.
I cant even make this stuff up.
GLTA & JMO
Waiting..
That's what I thought.
Good story.
GLTA & JMO
Ok. At what average PPS?
Thanks for proving my point.
Day trading this can reap some rewards.
But holding long has only resulted in 99% losses.
I wonder what all those paid promotion day-traders will do?
Even Larry was a day traitor.
LOL
I feel sorry for anyone trapped in this investment quagmire.
GLTA & JMO
That's what typically happens on the front end when the company enters into PAID PROMOTIONS.
Watch the rest of the week for the second half of the PAID PROMOTION effect.
Heres some more info from the OTC website: https://www.otcmarkets.com/files/OTC_Markets_Group_Policy_on_Stock_Promotion.pdf
The section titled "OTC Markets Group Policy on Stock Promotion " and beyond is a great read. *wink wink*
Especially this part:
**
Regulatory Referrals
We make referrals to the SEC, FINRA or other regulatory agencies when we have concerns relating to stock promotion.
**
I cant even make this stuff up.
GLTA & JMO
Did you hear it was RECORD VOLUME?
LOL
I cant even make this stuff up.
GLTA & JMO
SGSI = PINKSHEET
Stock Promotion in pinkyland never ends well for shareholders.
https://www.otcmarkets.com/stock/SGSI/overview
Watch the daily list for the letters SGSI.
I cant even make this stuff up.
GLTA & JMO
Holding for 3 years?
Yikes.
That's a 99% loss.
Hope SGSI reports a profit as promised this Q. *wink wink*
LOL
The inconvenient truth cometh.. trip zeros and then vapor.
GLTA & JMO
They flagged it.
For some reason.
Typical OTC right?
LOL
Paid promotion is never a great sign for shareholders that are too deep to get out.
GLTA & JMO
UH-OH.
OTC just flagged SGSI with Stock Promotion.
https://www.otcmarkets.com/stock/SGSI/overview
Stock Promotion
OTC Markets designates a security with a promotion flag when it becomes aware of current stock promotion related to the issuer. The promotion flag remains on the security for 15 days following the end of the stock promotion. For more information, please see our Policy on Stock Promotion.
Buyer beware.
GLTA & JMO
Even the hype and swipe paid promos are getting more feeble.
I wonder if SGSI will trap all the day traders into the Reverse Split.
LOL
That would be another gut shot.
Like A fox with an email list.
GLTA & JMO
You're not considering the fact that they need way more leverage for dilution and an RS creates space.
The uplist is BS; its just a cover for doing the RS and then diluting this back to high heaven.
They dress it up so they can undress shareholders.
Believe it. The RS is coming like a freight train.
Like A Fox.
GLTA & JMO
Figures.
Its all part of the hype pattern ahead of the reverse split.
LOL
Lets see who gets eaten up by this investment blackhole.
GLTA & JMO
WRONG.
Thanks so much for proving my point.
Generic / Ambiguous links are all that there is with regards to "drone" "patents".
No actual links to the actual patents.
That would be too easy. LOL
I cant even make this stuff up.
GLTA & JMO
I think the best place to start is to ascertain what the actual drone patent is all about.
Can someone please provide the patent number? or a search result?
I haven't been able to find either under PONDER / HAYTER.
A staffing company with drone patents.
I cant even make this stuff up.
GLTA & JMO
Not true.
There are drones that do macro mapping and micro mapping that are more than capable of doing the same task.
If we could EVER get the patent number we could discern what exactly PONDER is trying to hock with these releases.
A Tier 1 customer? Cant even say who it is?
LOL
The PR is big on fluff but light on details.
Like a fox with a remote paper mill.
GLTA & JMO
Pretty sure regular camera-mounted drones can do that.
But of course they dont provide any patent numbers so..
MORE FLUFF.
Just the facts.
GLTA & JMO
More fluff. Why is this news?
LOL
We still havent been able to identify what "patent" this is.
Its just more BS to try and get the PPS up before the 200 to 1 Reverse Split.
Believe it.
GLTA & JMO
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
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.
LMFAO.
Cant wait.
POST MARKED.
GLTA & JMO
Nice day today.
Go XBC!
GLTA & JMO
Record volume? LOL
Comparing the close to a 52 week low?
LMFAO.
Oblivion cometh..
I cant even make this stuff up.
GLTA & JMO
Shareholders NEED something to be happy about after this company has sapped 99% of its shareholders' value.
HOPE is not a great investment strategy.
And a belief in MYTHS is a prerequisite for considering SGSI as anything but a disaster on the verge of becoming vapor.
Oblivion cometh.. The RS is almost here.
Believe it.
GLTA & JMO
Like always, there is a bump a day or so before the RS comes.
Next week should be a riot.
LOL
The pattern continues.
GLTA & JMO
Nice news.
And a new 52 week high.
GLTA & JMO
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 smurphy@xebecinc.com
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.
Pivot Technology Solutions, Inc. To Host Second Quarter 2018 Analyst Call
TORONTO, Aug. 1, 2018 /CNW/ - Pivot Technology Solutions, Inc. (TSX: PTG), a full-service information technology solutions provider, today announced that it will report its results for the three and six months ended June 30, 2018 after market close on August 14, 2018.
At 8:30 a.m. eastern Wednesday, August 15, 2018, the Company will host a conference call featuring management's quarterly remarks and follow-up question and answer period with analysts.
The conference call can be accessed live by dialing (416) 764 8688 five minutes prior to the scheduled start time.
A telephone recording of the call will be available for one week (until midnight August 22, 2018) by dialing (416) 764 8677 and entering passcode 202632 followed by the number sign.
About Pivot Technology Solutions, Inc.
Pivot is an industry leading information technology services and solutions provider to many of the world's most successful companies, including members of the Fortune 1000, as well as governments and educational institutions. By leveraging its extensive OEM partnerships and its own fulfillment, professional, deployment, workforce and managed services, Pivot supports the IT infrastructure needs of its clients. For more information, visit www.pivotts.com.
$500M in volume. LOL
Not bad.
GLTA & JMO
Molson Coors Canada and HEXO Announce Agreement to Create Joint Venture Focused on Non-Alcoholic, Cannabis-Infused Beverages
TORONTO, Aug. 1, 2018 /CNW/ - Molson Coors Canada, the Canadian business unit of Molson Coors Brewing Company (NYSE: TAP; TSX: TPX), and leading Canadian cannabis producer, The Hydropothecary Corporation ("HEXO") (TSX: HEXO), are pleased to announce that they have entered into a definitive agreement to form a joint venture to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization.
The joint venture will be structured as a standalone start-up company with its own board of directors and an independent management team. Molson Coors Canada will have a 57.5% controlling interest in the JV, with HEXO having the remaining ownership interest. The new company will combine the proven beverage experience of Canada's leading brewer with a recognized innovator in the fast-growing cannabis sector to explore the highly anticipated consumable cannabis market, which is expected to be legally permissible in Canada in 2019.
"Canada is breaking new ground in the cannabis sector and, as one of the country's leading beverage companies, Molson Coors Canada has a unique opportunity to participate in this exciting and rapidly expanding consumer segment. This new venture is consistent with our growth strategy and our commitment to being First Choice for Consumers and Customers by ensuring that Canadians have access to high-quality products that meet their evolving drinking preferences," said Frederic Landtmeters, President and CEO of Molson Coors Canada. "While we remain a beer business at our core, we are excited to create a separate new venture with a trusted partner that will be a market leader in offering Canadian consumers new experiences with quality, reliable and consistent non-alcoholic, cannabis-infused beverages. We look forward to partnering with HEXO, a recognized leader in the medical cannabis space in Canada that will bring robust production capacity, a track record of innovation, and, most importantly, shared values when it comes to doing business the right way and earning the trust of consumers."
"HEXO continues to lead the way for smoke-free cannabis innovation in Canada. We are excited about this partnership with Molson Coors Canada, an iconic leader in adult beverages, as we embark on the journey of building a brand new market. With this new company, we are bringing together Quebec's oldest, most established company with one of its newest success stories in a truly innovative partnership," said HEXO's CEO and co-founder Sebastien St-Louis. "As two leading companies who share a track record of excellent practices, as well as respect for law and regulations, HEXO and Molson Coors Canada have established a relationship built on trust, and together we will develop responsible, high-quality cannabis-infused beverages for the consumable cannabis market in Canada."
Closing of the transaction, which is targeted to occur before September 30, 2018, is subject to the satisfaction of certain conditions, including execution and delivery of various transaction agreements, including governance documents and R&D and supply agreements. In connection with the closing of the transaction, subject to the final approval of the Toronto Stock Exchange, HEXO will issue to Molson Coors Canada warrants to purchase shares of HEXO.
About Molson Coors Canada
Molson Coors Canada is the Canadian business unit of Molson Coors Brewing Company. Headquartered in Toronto, Ontario, MCC is North America's oldest brewer and Canada's second largest brewer by volume, selling approximately one-third of the total Canadian beer market in 2017. Its portfolio consists of leading brands in all major product and price segments, including global priority brands Belgian Moon, Coors Banquet, and Coors Light, regional champion Molson Canadian, and other key owned brands, including Creemore Springs, Granville Island, Molson Dry, Molson Export, Old Style Pilsner, and Rickard's, and strategic distribution partnerships, including those with Heineken. MCC also includes partnership arrangements related to the distribution of beer in Ontario, Brewers' Retail Inc., and in the Western provinces, Brewers' Distributor Ltd.
About HEXO
HEXO creates and distributes innovative, easy-to-use and easy-to-understand products to serve the Canadian cannabis market. One of the country's lowest-cost producers, HEXO is rapidly increasing its production capacity in the lead up to the adult-use cannabis market. The Company currently operates with over 300,000 sq. ft. of production capacity with construction on another 1,000,000 sq. ft. expansion set to be complete by year end. HEXO will serve the adult-use market under the HEXO brand, while continuing to serve its medical cannabis clients through the well-known Hydropothecary brand.
Showing a $5.20 CDN open now.
Will be a huge day.
GLTA & JMO
Yay. ALMOST $6K traded.
LMAO.
Lower highs and plummeting lows.
Shareholders are heading for the exits. And for good reason.
The RS will be the final domino to fall.
GLTA & JMO
Balance of trades today. Sells beat Buys - 2 to 1
https://ih.advfn.com/stock-market/USOTC/spectrum-global-solutions-inc-SGSI/trades
GLTA & JMO
Start the parade!
Dont forget to turn right at 200:1 Street and turn wrong at Net Loss Avenue.
The float can stop at BK Boulevard.
.003X Beers.
Life is sweet outside of SGSI-ville. Just ask Larry.
LOL
I cant even make this stuff up.
GLTA & JMO
Guess not.
Nor is it the shareholders job to try and combat managements toxic financing terms.
I mean really..
GLTA & JMO
Dont let the FACTS get in the way of a good story.
Once SGSI hits the daily list reality will set in.
A few days after that there wont be anyone left.
GLTA & JMO
YAY.
LOL
What about the VWAP? I guess that was a nothing-burger.
Funny how metrics get cherry-picked to support a fictitious narrative.
Watch where this ends. And watch the daily list tomorrow.
GLTA & JMO