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Press Release

Xebec Announces Appointment of New Chief Financial Officer

Release date: 17.10.2016

Press Release PDF

MONTREAL, (QC), October 17, 2016 - Xebec Adsorption Inc. (TSXV: XBC) ("Xebec"), a provider of gas purification, generation and filtration solutions for the natural gas, field gas, biogas, helium, oxygen, nitrogen and hydrogen markets, is pleased to announce the appointment of Louis Dufour, C.P.A., C.A., to the position of Chief Financial Officer, effective October 31, 2016.

Mr. Dufour brings with him more than 20 years of corporate finance and operational experience, most recently as a Partner of CFO Optimum, where he had financial oversight from cost accounting and IT implementation, through risk management, M&A integration, and governmental negotiations. Before that, Mr. Dufour held the role of Vice President, Finance & CFO, for Clifton Star Resources Inc., a mining company in Abitibi.

"We are pleased to welcome Louis to Xebec. He will be a strong addition to the management team as we continue growing our business in gas purification and filtration," said Kurt Sorschak, President and CEO.

Mr. Dufour has a proven track record of solid financial management in a variety of industries in financial reporting, regulatory compliance, internal control and corporate finance activities. He holds a B.A.A. from l’Ecole des Hautes Études Commerciales and is a Professional Chartered Accountant, C.A.

For more information please contact:

Xebec Adsorption Inc.
Kurt Sorschak
President and CEO
Tel: + 1 (450) 979-8701
ksorschak@xebecinc.com

About Xebec Adsorption Inc.

Xebec Adsorption Inc. is a global provider of clean energy solutions to corporations and governments looking to reduce their carbon footprints. With more than 1,500 customers worldwide, Xebec designs, engineers and manufactures innovative products that transform raw gases into marketable sources of clean energy. Xebec’s strategy is focused on establishing leadership positions in markets where demand for renewable energy through gas purification and generation, natural gas dehydration, and filtration is growing. Headquartered in Montreal (QC), Xebec is a global company 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, please visit the Xebec website at www.xebecinc.com.