Xebec Obtains Creditor Protection under the CCAA to Pursue Restructuring and Commence Court-Approved Sale and Investment Solicitation Process

Financial News, News

By Brandon Chow

MONTRÉAL, QC, September 29, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec” or the “Corporation”), a global provider of sustainable gas solutions, announced today that the Superior Court of Québec (the “Court”) has granted the Corporation’s application for an initial order (the “Initial Order”) under the Companies’ Creditors Arrangement Act (the “CCAA”). Xebec intends to…

Xebec Seeks Creditor Protection Under the Companies’ Creditors Arrangement Act

Financial News, News

By Brandon Chow

MONTRÉAL, QC, September 29, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec” or the “Corporation”), a global provider of sustainable gas solutions, announces that it will file today an application with the Superior Court of Québec (the “Court”) for an initial order (the “Initial Order”) under the Companies’ Creditors Arrangement Act (the “CCAA”) and seek…

Xebec Announces Q2 2022 Financial Results

Financial News, News

By Brandon Chow

(All financial figures are in Canadian dollars unless otherwise noted) MONTRÉAL (QC), August 11, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec” or the “Company”), a global provider of sustainable gas technologies, announced today its 2022 second quarter results, with the following highlights: Second Quarter 2022 Highlights Revenues of $44.5 million compared to $32.7 million for…

Xebec to Announce Q2 2022 Results on August 11 and Host Investor Webinar

Financial News, News

By Brandon Chow

MONTREAL, (QC), August 5, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, will announce its 2022 second quarter financial results on Thursday, August 11, 2022, before the market opens at 7:00 AM EDT, followed by a webinar at 8:30 AM EDT (5:30 AM PDT). Xebec invites shareholders, analysts,…

Xebec Announces Development in Centers of Excellence Framework in North America

Financial News, News

By Brandon Chow

MONTREAL, (QC), July 13, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec” or the “Company”), a global provider of sustainable gas technologies, announced today a development with its previously announced Centers of Excellence (“COE”) Framework to ensure the Company’s global footprint becomes more effective and product focused. Effective today, Xebec has made the difficult decision…

Xebec Announces PSA Supply Agreement with Haffner Energy for Cost-Effective Green Hydrogen Production

Financial News, News

By Brandon Chow

MONTREAL, (QC), June 22, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, is pleased to announce today that it has signed an agreement to supply its proprietary Pressure Swing Adsorption (“PSA”) technology to support the deployment of Haffner Energy’s (PA: ALHAF) HYNOCA® solution. HYNOCA® is a unique and…

Xebec Announces Voting Results from Annual Meeting of Shareholders

Financial News, News

By Brandon Chow

MONTRÉAL (QC), May 13, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec” or the “Corporation”), a global provider of clean energy solutions, in   accordance   with   Toronto   Stock   Exchange   requirements, announced the voting results from its Annual Meeting of Shareholders which was held on virtually on Thursday May 12, 2022. All seven (7) nominees listed in…

Xebec Announces Q1 2022 Financial Results

Financial News, News

By Brandon Chow

(All financial figures are in Canadian dollars unless otherwise noted) MONTRÉAL (QC), May 12, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec” or the “Company”), a global provider of sustainable gas technologies, announced today its 2022 first quarter results, with the following highlights: First Quarter 2022 Highlights Revenues of $41.2 million compared to $20.6 million Gross…

Xebec to Announce Q1 2022 Results on May 12 and Host Investor Webinar

Financial News, News

By Brandon Chow

MONTREAL, (QC), April 28, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, will announce its 2022 first quarter financial results on Thursday, May 12, 2022, before the market opens at 7:00 AM EDT, followed by a webinar at 8:30 AM EDT (5:30 AM PDT). Xebec invites shareholders, analysts,…

Xebec Announces $113.5M Order for CO2 Capture and Sequestration Equipment with Summit Carbon Solutions

Financial News, News

By Brandon Chow

MONTREAL, (QC), April 12, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, is pleased to announce today that its subsidiary Xebec Systems USA LLC, has signed a contract valued at USD113.5 million (CAD143.2 million) with Iowa-based SCS Carbon Removal LLC, a subsidiary of Summit Carbon Solutions. The contract…

Xebec Announces MOU for CO2 Capture and Sequestration Equipment with Summit Carbon Solutions

Financial News, News

By Brandon Chow

MONTREAL, (QC), March 28, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, is pleased to announce today that it has signed a Memorandum of Understanding (“MOU”) with Iowa-based SCS Carbon Removal LLC, a subsidiary of Summit Carbon Solutions. The MOU supports the negotiation of an order in excess…

Xebec Announces Accelerated CEO Transition

Financial News, News

By Brandon Chow

MONTREAL, (QC), March 17, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, announces that in recognition of the accelerated progress made to date in transitioning Jim Vounassis into the role of President and CEO of Xebec, it has been determined to advance the formal date of such transition…

Xebec Announces Q4 and Year End 2021 Financial Results

Financial News, News

By Brandon Chow

MONTREAL (QC), March 17, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, announced today its 2021 fourth quarter and year end results, with the following highlights: Fourth Quarter 2021 Highlights Revenues of $45.9 million compared to $6.4 million Gross margin of $10.3 million (22%) compared to ($11.4) million (-180%)…

Xebec Announces Board Resignation of Karen Nielsen

Financial News, News

By Brandon Chow

MONTREAL, (QC), February 24, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, announced today that Karen Nielsen, has resigned as a member of Xebec’s Board of Directors as of February 23, 2022. Ms. Nielsen has recently relocated after accepting a position as an energy transition executive. As a…

Xebec to Host First Investor Day in Colorado on March 29, 2022

Financial News, News

By Brandon Chow

MONTREAL, (QC), February 23, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, is pleased to announce today that it will hold its first investor day, in person and on livestream, on Tuesday, March 29, 2022, in Denver, Colorado. The event will begin at 11:00 AM MST (1:00 PM…

Xebec Announces Succession Plan to Next Generation Leadership

Financial News, News

By Brandon Chow

MONTREAL, (QC), February 8, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, announces today that Kurt Sorschak will retire as Chairman, President and CEO effective May 12, 2022, at the company’s 2022 annual meeting of shareholders. Jim Vounassis will concurrently be appointed President and CEO of Xebec. At…

Xebec Signs Supply Agreement with Air Liquide for North American Based Helium Projects

Financial News, News

By Brandon Chow

MONTREAL, (QC), February 4, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, is pleased to announce today that it has signed an agreement for the exclusive supply of Xebec’s pressure swing adsorption (“PSA”) technology to Air Liquide Advanced Technology US, part of the Air Liquide group (EPA: AI),…

Xebec Announces On-site Electrolyser Order from Desmet Ballestra for Food Hydrogenation

Financial News, News

By Brandon Chow

MONTREAL, (QC), February 1, 2022 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, is pleased to announce today that it has signed a contract with Belgium-based Desmet Ballestra Group (“Desmet Ballestra”) to deliver the company’s first Hy.GEN-e on-site electrolyser unit for a food application. The electrolyser system which produces…

Xebec Announces Q3 2021 Financial Results

Financial News, News

By Brandon Chow

MONTREAL (QC), November 11, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, announced today its 2021 third quarter results, with the following highlights: Revenues of $26.7 million for the three-month period ended September 30, 2021, compared to $18.4 million for the same period the prior year. Gross margin of…

Xebec Acquires Colorado-based UECompression to Establish North America’s Leading Renewable Natural Gas and Hydrogen Manufacturing Facility

Financial News, News

By Brandon Chow

Key Transaction Highlights Acquisition of Denver area based UECompression (“UEC”) to expand North American production capacity five-fold for a total of 150 to 190 containerized BGX Biostream™ (“Biostream) and Hy.GEN® hydrogen units per year to meet accelerating U.S. demand for standardized renewable gas systems Further optimizes global manufacturing footprint by bringing Xebec’s European gas generation…

Xebec to Announce Q3 2021 Results on November 11 and Host Investor Webinar

Financial News, News

By Brandon Chow

MONTREAL, (QC), October 28, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, will announce its 2021 third quarter financial results on Thursday, November 11, 2021, before the market opens at 7:00 AM EST, followed by a webinar at 8:30 AM EST (5:30 AM PST). Xebec invites shareholders, analysts,…

Xebec Receives EU Research Grant to Design and Build 1 MW Electrolyser System for Production of Sustainable Liquid Fuels

Financial News, News

By Brandon Chow

MONTREAL, (QC), October 21, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that it has received a research grant to design and manufacture a new type of electrolyser system. Under the ECO2Fuel consortium, the total approved budget of €20.1 million (CAD $28.9 million)…

Xebec Announces BGX Biostream™ Orders from Brightmark and Chevron Renewable Natural Gas Partnership

Financial News, News

By Brandon Chow

MONTREAL, (QC), October 6, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that it has signed the first set of task orders under the previously announced Master Service Agreement (“MSA”) for an initial 18 BGX-Biostream™ (“Biostream”) units with Brightmark RNG Holdings LLC. Brightmark…

Xebec Q2 2021 Results Investor Webinar

Financial Events

By Brandon Chow

An investor webinar for shareholders, analysts, investors, media representatives, and other stakeholders was held on, August 12, 2021 at 8:30AM EDT (5:00AM PST) to discuss Q2 2021 results. The webinar recording can be accessed at: https://app.livestorm.co/xebec-adsorption-inc/2021-q2-investor-webinar The presentation materials can be accessed here: 2021-08-12 – Q2 2021 Investor Webinar – Distribution For more information: Xebec…

Xebec Announces Q2 2021 Financial Results

Financial News, News

By Brandon Chow

MONTREAL (QC), August 12, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, announced today its 2021 second quarter results, with the following highlights: Record revenues of $32.7 million for the three-month period ended June 30, 2021, compared to $19.6 million for the same period the prior year. Adjusted EBITDA…

Xebec Welcomes Mr. Brian Levitt to Board of Directors

Financial News, News

By Brandon Chow

MONTREAL, (QC), August 11, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce that Mr. Brian Levitt has joined Xebec’s Board of Directors, effective today. Mr. Levitt was previously a special advisor to the Board, providing counsel with respect to strategic, commercial and corporate finance…

Xebec to Announce Q2 2021 Results on August 12 and Host Investor Webinar

Financial News, News

By Brandon Chow

MONTREAL, (QC), July 29, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, will announce its 2021 second quarter financial results on Thursday, August 12, 2021, before the market opens at 7:00 AM EST, followed by a webinar at 8:30 AM EDT (5:30 AM PDT). Xebec invites shareholders, analysts,…

Xebec Announces Master Service Agreement for BGX Biostream™ units with Leading U.S. RNG Dairy Farm Developer and Starts Production of 30 Systems

Financial News, News

By Brandon Chow

MONTREAL, (QC), July 6, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that it has signed a Master Service Agreement (“MSA”) with a leading U.S.-based renewable natural gas (“RNG”) dairy farm project developer for the purchase of BGX Biostream™ (“Biostream”) units. The MSA…

Xebec Announces Director Election Results

Financial News, News

By Brandon Chow

MONTREAL, (QC), June 29, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, announces that all eight (8) nominees listed in the management information circular dated May 18, 2021 (the “Circular”), were elected as directors of Xebec at its Annual and Special Meeting of Shareholders which was held on…

Xebec Commissions Gas-as-a-Service On-site Hydrogen Generation System for Turkey’s First Lubricant Recycling Plant

Financial News, News

By Brandon Chow

MONTREAL, (QC), June 23, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that its wholly owned subsidiary HyGear, has successfully commissioned an on-site hydrogen generation system for TAYRAŞ’ used lubricant oil re-refinery in Turkey. Approximately 560 kg of hydrogen per day (205 tons…

Xebec 2021 Annual and Special Virtual Meeting of Shareholders

Financial Events

By Brandon Chow

Thursday, June 29, 2021 3:30 PM EDT Access Link: https://virtual-meetings.tsxtrust.com/1128 How to Participate at the Meeting: This year again, the Corporation is holding the Meeting as a virtual meeting only, which will be conducted via live audio webcast online at https://virtual-meetings.tsxtrust.com/1128, where all Shareholders and proxyholders regardless of geographic location will have an equal opportunity…

Xebec Acquires Tiger Filtration to Leverage Recurring Element and Filter Manufacturing Platform for Renewable Gases

Financial News, News

By Brandon Chow

MONTREAL, (QC), June 14, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce that on June 11, 2021, it has closed the acquisition of all the outstanding shares of United Kingdom based Tiger Filtration (“TFL”). The acquisition of TFL will provide Xebec with a very…

Xebec Signs 10-year Gas-as-a-Service Contract for Hydrogen Recycling

Financial News, News

By Brandon Chow

MONTREAL, (QC), June 9, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that its wholly owned subsidiary HyGear, has signed a 10-year hydrogen recycling Gas-as-a-Service contract with one of the largest glass manufacturers in the world. The pay-per-use contract is valued at approximately…

Xebec Announces Appointment of Chief Operating Officer and VP Global Operations

Financial News, News

By Brandon Chow

MONTREAL, (QC), May 19, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce Jim Vounassis will be appointed as Chief Operating Officer (“COO”) and Mike Munro will join as the company’s first Vice President Global Operations effective May 31, 2021. Mr. Vounassis is a transformational…

Xebec Q1 2021 Results Investor Webinar

Financial Events

By Brandon Chow

An investor webinar for shareholders, analysts, investors, media representatives, and other stakeholders was held on, May 13, 2021 at 8:30AM EDT (5:00AM PST) to discuss Q1 2021 results. The webinar recording can be accessed at: https://app.livestorm.co/xebec-adsorption-inc/2021-q1-investor-webinar The presentation materials can be accessed here: https://xebecinc.com/wp-content/uploads/2021/05/2021-05-13-Q1-2021-Investor-Webinar-Distribution.pdf For more information: Xebec Adsorption Inc. Brandon Chow Director, Investor Relations…

Xebec Announces Q1 2021 Financial Results

Financial News, News

By Brandon Chow

MONTREAL (QC), May 13, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, announced today its 2021 first quarter results, with the following highlights: Revenues increased by $8.4 million to $20.6 million for the three-month period ended March 31, 2021, compared to $12.2 million for the same period the prior…

Xebec Expands U.S Manufacturing Capacity with Acquisition of Tennessee Based Nortec

Financial News, News

By Brandon Chow

MONTREAL, (QC), May 3, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce on April 30, 2021, it has closed the acquisition of all the outstanding shares of Tennessee based Nortekbelair Corporation (“Nortec”). Nortec’s principal, Mike Zarif, Ph.D, will remain with Nortec after the acquisition…

Xebec to Announce Q1 2021 Results on May 13 and Host Investor Webinar

Financial News, News

By Brandon Chow

MONTREAL, (QC), April 29, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, will announce its 2021 first quarter financial results on Thursday, May 13, 2021 before the market opens at 7:00 AM EST, followed by a webinar at 8:30 AM EST (5:30 AM PST). Xebec invites shareholders, analysts,…

Xebec Welcomes Ms. Karen Nielsen to Board of Directors

Financial News, News

By Brandon Chow

MONTREAL, (QC), April 7, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce that Ms. Karen Nielsen has joined Xebec’s Board of Directors effective today. Ms. Nielsen was formerly the Chief Development Officer at Seven Generations Energy Ltd (TSX: VII), an energy producer dedicated to…

Xebec Q4 and Year End 2020 Results Investor Webinar

Financial Events

By Brandon Chow

An investor webinar for shareholders, analysts, investors, media representatives, and other stakeholders was held on, March 25, 2021 at 8:30AM EDT (5:00AM PST) to discuss Q4 and Year End 2020 results. The webinar recording can be accessed at: https://app.livestorm.co/xebec-adsorption-inc/2020-q4-investor-webinar The presentation materials can be accessed here: 2021-03-25 – Q4 2020 Investor Webinar – Distribution For…

Xebec Announces Q4 and Full Year 2020 Financial Results

Financial News, News

By Brandon Chow

MONTREAL (QC), March 25, 2021 – Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions, announced today its 2020 fourth quarter and full year results, with the following highlights: Revenues increased by $7.2 million to $56.5 million for the twelve-month period ended December 31, 2020, compared to $49.3 million for the same…

Xebec Comments on Filing of Lawsuit

Financial News, News

By Brandon Chow

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL (QC), March 16, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec” or the “Corporation”), has become aware that a legal proceeding in the Québec Superior Court (Class Actions Division) in the District of Montréal, has been issued initiating a…

Xebec and Coregas Partner to Accelerate Development of Hydrogen Ecosystems in Australia and New Zealand

Financial News, News

By Brandon Chow

MONTREAL, (QC), March 15, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce that its wholly owned subsidiary HyGear, and Coregas, a Wesfarmers (ASX: WES) company, signed a Memorandum of Understanding (“MOU”) to develop a robust ecosystem for the deployment of highly efficient hydrogen supply…

Xebec Provides Updated 2020 Guidance

Financial News, News

By Brandon Chow

MONTREAL, (QC), March 12, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, announced today that the Company is in the process of finalizing its financial results for the fourth quarter and year ended December 31, 2020, which will be released on March 25th, 2021.  As a result of…

Xebec Announces $59M in Credit Facilities from National Bank of Canada

Financial News, News

By Brandon Chow

MONTREAL, (QC), February 24, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions for renewable and low carbon gases, announced today that it has secured credit facilities with National Bank of Canada’s Technology and Innovation Banking Group for a total value of up to $59.25 million CAD. The expanded…

Xebec Completes Acquisition of Inmatec

Financial News, News

By Brandon Chow

MONTREAL, (QC), February 22, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions for renewable and low carbon gases, is pleased to announce today that it is proceeding with the closing of the previously announced acquisition of Inmatec Gase Technologie GmbH & Co. KG, Inmatec GmbH and Inmatec Gas…

Xebec Launches Hydrogen Supply Strategy in the United Kingdom

Financial News, News

By Brandon Chow

MONTREAL, (QC), February 16, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions for renewable and low carbon gases, is pleased to announce that its wholly owned subsidiary HyGear, has signed a Gas-as-a-Service (“GaaS”) contract with Saint-Gobain Glass (EPA: SGO) for a 15-year term. Saint-Gobain Glass is one of…

Xebec Announces Hydrogen Order for FuelCell Energy’s Port of Long Beach Project

Financial News, News

By Brandon Chow

MONTREAL, (QC), February 11, 2021 – Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions for renewable and low carbon gases, is pleased to announce that it has received a hydrogen purification system order from FuelCell Energy, Inc. (NASDAQ: FCEL). FuelCell Energy is an innovator and manufacturer of fuel cell clean…

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Xebec Closes Previously Announced Upsized Public Offering and Concurrent Private Placement

Financial News, News

By Brandon Chow

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ALL FIGURES IN CANADIAN DOLLARS UNLESS OTHERWISE STATED MONTREAL (QC), December 30, 2020 – Xebec Adsorption Inc. (TSXV: XBC) (“Xebec” or the “Corporation”), a global provider of clean energy solutions, is pleased to announce that it has closed its previously…