Xebec Adsorption Inc (XBC)

[junkHustler]

Xebec Receives $27 Million in Orders for U.S Dairy Projects
02/12/2020 8:00:00 AM

MONTREAL, Feb. 12, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to announce today that $27.0 million in orders were received from U.S dairy farmers for a total of six turnkey biogas upgrading plants and small-scale containerized Biostream™ systems to produce Renewable Natural Gas (RNG).

Five of these contracts are from the conversion of a previously announced letter of intent signed on December 5th, 2019 that have turned into firm purchase orders and an additional project using our large-scale BGX Solutions.

These orders confirm Xebec’s strengthening position in the U.S dairy market as farmers look towards solutions that are reliable and have the lowest lifecycle costs. Xebec’s visibility and credibility in the marketplace are rapidly increasing due to its ability to provide local service and support through its “Xebec Service Centers”, while also providing systems that consume significantly less energy in converting biogas to RNG allowing for better project profitability.

Xebec expects to deliver the projects throughout 2020 and early 2021 with gross margin in line with our historic levels.

Quotes:
“We’re excited to see our strengthening position in the U.S dairy market. Our proven expertise in deploying our PSA technology in the European dairy market is being brought to the U.S. Xebec’s RNG systems are ideal for owners and operators of RNG projects who are looking to maximize uptime and reliability while minimizing electricity costs in operating their projects. We’re happy to partner with dairy farmers across the U.S as they join the movement of harnessing their manure waste to produce renewable energy for a more sustainable future.”
– Dr. Prabhu Rao, Chief Operating Officer, Xebec Adsorption Inc.

Related links:
https://www.xebecinc.com
https://investors.xebecinc.com/press/2019-12-05-xebec-enters-california-dairy-rng-market-with-maas-energy-works/

For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
[e-mail]
+1 450.979.8700 ext 5762

Antonio Saavedra, Director, Sales and Business Development
[e-mail]
+1 604.362.7297

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.