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Press Release

Xebec Appoints General Manager to Xebec Europe SRL
Welcoming Francesco Massari

Release date: 23.05.2018

Press Release PDF

MONTREAL, (QC), May 23, 2018 – Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of gas purification solutions for the industrial, energy and renewables marketplace, welcomes Francesco Massari as General Manager, Xebec Adsorption Europe SRL.

Further to recent announcements of an agreement between Xebec and Sapio Group of an three year exclusive partnership to penetrate the Italian biomethane opportunity (link attached below), Xebec anticipates its Italian business to grow rapidly, requiring operational scale-up as order volume grows. To take full advantage of this opportunity, Xebec has hired Francesco Massari as General Manager to lead Xebec Adsorption SRL in Milan, Italy.

Francesco will direct Xebec’s operation for the Italian market, as well as exploit the growing demand for product and technology solutions in the renewable gas field, including hydrogen and renewable hydrogen.

Francesco brings 25 years of experience in high-tech and clean-tech industries. His breadth of experience runs from R&D, Product Development, Operations and Supply Chain Management, Process Engineering through Strategic & Business Planning. He has developed and managed critical technology and manufacturing partnerships where cutting edge technologies were introduced to the market. As an example, Francesco led the launch of electrolyser technologies as they relate to MW scale power-to-gas energy storage solutions for injecting hydrogen into the gas supply network, and for the transformation of hydrogen into synthetic gas through methanation (renewable gas).

He began his career in 1991 with the group on theoretical physics at the University of Bari with studies on high temperature superconductivity. Francesco graduated from the University of Bari with a degree in Physics. He is an editorial board member for journals of Verizona Publisher and Hyena Publishing Group on nanoscience, material, energy and environment research and technology.

Xebec Further Welcomes Antonio Saavedra

Supporting Francesco’s efforts on market development and operational ramp-up, Xebec also announces the addition of a senior executive, Antonio Saavedra, to the Xebec Europe team.

Antonio is an industrial chemical engineer with extensive experience in international business development in the clean tech, energy and chemical industries. As Senior Consultant and an established leader in the industry, Antonio will be responsible for market development in Europe and Latin America on a broad array of biogas upgrading projects, including landfills, wastewater treatment plants, source-separated organics, and agricultural and animal waste digesters.

“We have been working very hard on positioning Xebec to take full advantage of the rapidly developing European market and are thrilled to bring Francesco and Antonio on board to help lead the charge. We already integrate our biogas systems in Europe and currently service the French market. The addition of strong leaders with hands-on experience to establish similar capabilities in Italy to service the European market will allow our supply chain to become one of the pillars of our competitive advantage in Europe.”
— Prabhu Rao, Chief Operating Officer, Xebec Adsorption Inc.

For more information:

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

Related links:
http://www.xebecinc.com/investor-press-releases-details.php?id=296

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.

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.