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Press Release

Xebec and SAPIO Group Sign an Exclusive Partnership
-A Three Year Mandate Will Develop the Renewable Natural Gas (RNG) Market for Italy

Release date: 15.02.2018

Press Release PDF

MONTREAL, (QC), February 15th, 2018 - Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of gas generation, purification, and filtration solutions, announced today that it has entered into a Letter of Intent to establish a three year partnership with SAPIO, Italy’s largest distributor of technical gases, to help develop Italy’s renewable natural gas (RNG) upgrading infrastructure from biogas facilities such as landfills, digesters and waste water treatment plants.

Canadian-based clean energy provider Xebec confirmed today that it has signed an exclusive agreement to join forces with SAPIO Produzione Idrogeno Ossigeno Srl in developing the biomethane (BM) market in Italy. Xebec will be responsible for designing, building, installing and servicing SAPIO’s biogas upgrading projects, from landfills, agri-waste and dairy digesters, and waste water treatment facilities, using Xebec’s adsorption technology solution. Details on potential project value and timeframe will follow in the near future.

Tested and Proven: This partnership agreement with SAPIO is a reflection of the success Xebec has already experienced with its partner in France where Xebec is now the leading supplier of Pressure Swing Adsorption (PSA) systems. Leading-edge performance measures, coupled with its tested technologies, Xebec has proven itself a serious player on the world stage in biogas upgrading.

“We’re thrilled at the recognition and interest we are receiving from potential customers, partners and suppliers. Although Xebec has been involved globally in renewable natural gas projects for over a decade, it is just within the last few years that RNG has become recognized as a viable, ultra-clean, ultra-low carbon natural gas alternative. Our building order book and partnerships are clear indicators that we are in the right space in the right time. Our future looks bright."—Prabhu Rao, Chief Operating Officer, Xebec Adsorption Inc

Clean and Green: Italy has made an extraordinary commitment in its 2020 national plan to increasing energy efficiency and reducing energy consumption as part of the European Renewable Energy Directive (RED) target.

“SAPIO, like many corporations and countries around the world, is committed to that target, providing cost-effective, sustainable solutions through increased development, deployment and utilization of renewable natural gas so that present and future generations will have access to this domestic, renewable, clean fuel and energy supply.”– Andrea Dossi, Group Vice President, Sapio Produzione Idrogeno Ossigeno Srl

Source: Xebec

Related Links: www.xebec.com www.sapio.it

For more information:
Sandi Murphy
Xebec Adsorption Inc.
Director, Investor Relations and Communications
+1 (450) 979 8718
smurphy@xebecinc.com

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.

About Sapio
SAPIO Produzione Idrogeno Ossigeno S.r.l. produces and supplies industrial gases, and provides integrated services for customers in Italy and internationally. Its products include oxygen, hydrogen, nitrogen, and other gases that have applications in the fields of food, environment and energy, biotechnology, chemical-pharmaceutical, electronic, mechanical-metallurgical, health, glass and cement. SAPIO Produzione Idrogeno Ossigeno S.r.l. was founded in 1922 and is based in Monza, Italy.

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.