Xebec Adsorption Inc (XBC)

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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.