Xebec Receives CDN 2.5 Million in Gas Purification Orders
MONTREAL, (QC), November 4th, 2016 - Xebec Adsorption Inc. (TSXV: XBC) ("Xebec"), a provider of gas purification, generation and filtration solutions for the hydrogen, natural gas, field gas, helium, nitrogen and oxygen markets, announced today the receipt of several orders for its pressure swing adsorption (PSA) gas purification systems totaling CDN 2.5 million, to be delivered over the next 12 months.
“We are more than pleased with our sales progress for gas purification orders year to date”, said Kurt Sorschak, President and CEO of Xebec Adsorption Inc. “Over the last few months we have experienced a strong increase in quotation activity for our renewable natural gas (RNG) and hydrogen products, with a healthy number of quoted projects in advanced discussions. I believe this activity is driven by a much stronger clean energy market outlook over this past year; consequently, many shelved and new projects are back in the pipeline for evaluation by our customers, indicating future revenue growth in our gas purification segment.”
Xebec uses innovative, proprietary, fast cycle adsorption for its gas purification systems, advanced purification technology that is generating a lot of customer interest, mainly due to lower initial investment; low operating and maintenance costs; higher flexibility and performance stability; all combined with Xebec’s reputation for durability and reliability.
Over the last 16 years, Xebec has built and delivered over 200 advanced purification systems worldwide. With demand for hydrogen and RNG systems growing, Xebec expects it could double that number to 400 operating units by 2019.
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Xebec Adsorption Inc.
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Tel: + 1 (450) 979-8718
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.
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