August 30, 2018 - 8:30 AM EDT
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Xebec Chosen for City of Toronto’s Renewable Natural Gas (RNG) Facility

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 [email protected]

 

Kurt Sorschak, President and Chief Executive Officer

[email protected]

 

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.

 

Cautionary Statement

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this press release may constitute "forward-looking" statements within the meaning of applicable securities laws. This forward looking information includes, but is not limited to, the expectations and/or claims of management of Xebec with respect to information regarding the business, operations and financial condition of Xebec. Forward-looking information contained in this press release involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Xebec or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. This list is not exhaustive of the factors that may affect forward-looking information contained in this press release. When used in this press release, such statements use such words as "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "will" and other similar terminology. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this presentation. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements.







Source: Xebec Adsorption Inc (TSX Venture:XBC, OTC Bulletin Board:XEBEF)

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