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Press Release

Xebec Receives U.S. Order for a Nitrogen Rejection Unit (NRU)
For Deployment at a Landfill Gas Upgrading Installation

Release date: 13.08.2018

Press Release PDF

MONTREAL (QC), Aug 13th, 2018 – Xebec Adsorption Inc. (TSXV: XBC) ("Xebec"), a global provider of clean energy solutions announced today that it has received a multi-million dollar landfill gas upgrading order for a Nitrogen Rejection Unit (NRU) from a U.S. based customer. The system will be delivered in Q1/2019.

Xebec has been developing and refining its landfill gas purification technology for decades, and today offers the leading edge solution for the separation of Nitrogen (N2), Oxygen (O2) and Carbon Dioxide (CO2) within a single stage Pressure Swing Adsorption (PSA) unit.

This particular Xebec PSA system, customized for this landfill application, has the lowest operating and maintenance cost compared to all other NRU technologies. The system can operate in a wide range of CO2 levels, allowing full optimization of the CO2 removal process upstream of the NRU, maximizing the overall efficiency of the landfill gas upgrading plant.

Quotes
“Xebec offers methane recovery rates of 95%+ in two-stage configurations for applications where the N2 levels are elevated and high recovery rates are important. We are very excited to have been selected by one of the largest U.S-based landfill gas-to-energy developers, since it will allow us to demonstrate our latest technology development and showcase the performance of our systems. Upgraded landfill gas to RNG is playing an increasingly important role in the deployment of low carbon fuels in transportation. We expect Xebec to be playing an important role in this transition, as we move from a fossil fuel economy to a low carbon renewable energy future.”
– Kurt Sorschak, President and CEO, Xebec Adsorption Inc.

Background:
There are currently 632 landfill gas to energy projects operating in the United States. In addition, the U.S. EPA has identified over 400 candidate landfills that are suitable for landfill gas to energy or RNG projects. Xebec is estimating that approximately 120 to 160 landfills out of the total number of operating and candidate landfills (1,032) could qualify for the production of RNG, indicating a market size for upgrading equipment in the range of USD$ 1.2 to 1.6 billion.


The Landfill Gas-to-Energy market is undergoing a fundamental change, in as far as Landfill Gas-to-Electricity projects are today financially challenging. Solar and wind power projects offer electricity rates as low as 1.5 cents/kWh, a rate Landfill Gas-to-Electricity projects can no longer compete with. Consequently more and more waste


Operational & Candidate Landfills in the U.S. (Source: www.epa.gov/lmop/lmop-national-map )


Consequently more and more waste companies and developers are looking toward Landfill Gas-to-Fuels, especially to RNG as a low carbon fuel alternative with a much better value proposition than electricity and a significantly higher return on investment (ROI).

Xebec is utilizing its innovative, proprietary fast cycle adsorption technology for its gas purification systems. This purification technology is generating an increasing amount of customer interest, mainly due to lower initial investment costs, low operating and maintenance costs, flexible and stable performance, combined with high durability and reliability.

Related links:
https://www.xebecinc.com
https://www.epa.gov/lmop/lmop-national-map

For more information
Xebec Adsorption Inc.

Sandi Murphy, Director, Investor Relations and Communications
+1 450.979.8718 smurphy@xebecinc.com

Kurt Sorschak, President and Chief Executive Officer
ksorschak@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.

Caution Concerning Forward-Looking Statements
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 involves 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, and 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.