XEBEC RECEIVES CDN $2.0 MILLION FROM EXPORT DEVELOPMENT CANADA
MONTREAL, (QC), January 16th, 2017 - Xebec Adsorption Inc. (TSXV: XBC) (“Xebec” a provider of gas generation, purification and filtration solutions for the natural gas, field gas, biogas to renewable natural gas (RNG), helium, oxygen, nitrogen and hydrogen markets, today announced that it has entered into a Purchase Order (PO) financing arrangement with Export Development Canada (EDC) for an amount of CDN$ 2.0 million.
“It’s good to see EDC actively supporting Canadian clean energy companies. Xebec is a prime example of a great Canadian company with a global footprint providing carbon-reducing technologies to our partners and customers” said Kurt Sorschak, President and CEO of Xebec Adsorption Inc. “This particular PO facility will be used to kick-start a number of renewable natural gas (RNG) projects for our European customers. We have just delivered a purification system to France, and are in process of building several more for delivery during the next several months. With the heightened interest we are now experiencing in our products, federal financing support will go a long way toward building confidence with new customers and facilitate further growth in our clean technology solutions at home and abroad.”
Funding under the PO financing facility has commenced January 13th, 2017 and the facility will be available for a period of 12 months from the effective date.
For more information:
Xebec Adsorption Inc.
Sandi Murphy, Marketing & PR
+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, visit Xebec at www.xebecinc.com.
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