Xebec Announces Over $11.7 Million in New Orders
MONTREAL, Sept. 11, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (OTCQX: XEBEF) (“Xebec”), a global provider of clean energy solutions announced it closed several contracts the past month totaling approximately CDN$11.7 million.
The orders span the breadth of Xebec capabilities – from renewable natural gas (RNG) generation through several hydrogen purification projects including a fuel cell fueling application, syngas purification from waste gasification, and CO2 capture and use.
In Canada, Xebec has been awarded a contract to supply and install a flange to flange biogas upgrading plant. The project, led by Oakville-based BerQ RNG, involves installing and operating refining equipment to create renewable gas from food waste in Ontario. Approximately 111,000 tons of carbon emissions will be reduced over the project’s 15-year life.
These combined orders will increase the backlog from $63.5 million (last reported Aug 12th, 2019) to $72.2 million as of Sept 6th, 2019.
Quotes:
“Given the severe climate change issues we now face, the need to quickly transition to renewable energy and renewable fuel sources takes on more urgency. Globally the focus is not on IF but HOW. Consequently, in addition to Solar, Wind and RNG, there is tremendous movement forward in the areas of Renewable Hydrogen for Transportation (Fuel Cell Vehicles), Power to Gas for pipeline injection, Carbon Dioxide Capture and Sequestration, and creating fuels or chemicals from Waste Gasification. We at Xebec are excited to be involved in all these markets with ongoing projects. The future is full of possibilities.”
- Prabhu Rao, Chief Operating Officer, Xebec Adsorption Inc.
Related Links:
www.xebecinc.com
For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Specialist
+1 450.979.8700 ext 5762 bchow@xebecinc.com
Kurt Sorschak, President and Chief Executive Officer
+1 450.979.8701 ksorschak@xebecinc.com
About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC and on the OTCQX Exchange under the symbol XEBEF. For additional information on the company, its products and services, visit Xebec at xebecinc.com.
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