July 31, 2018 - 8:30 AM EDT
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Xebec Receives Multiple Hydrogen Purification Orders for C$ 3.1 million

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 [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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Source: FSCwire (July 31, 2018 - 8:30 AM EDT)

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