Xebec announces orders for gas purification units to enable diesel and heavy fuel oil displacement with compressed natural gas for industrial applications
BLAINVILLE, QC, Oct. 3, 2012 /CNW Telbec/ - Xebec Adsorption Inc. (TSX: XBC) ("Xebec"), a provider of biogas upgrading, natural gas and hydrogen purification solutions for the clean energy and crude-derived fuel displacement markets, announced today that it has received two orders valued at approx. $1.0 million for two high pressure natural gas dehydration and purification units from two Canadian customers. Those units are aimed at industrial scale diesel and heavy fuel oil displacement.
Xebec offers a full range of gas dehydration and purification models for the natural gas refueling market under its NGX brand. This line of products responds to the recent increase in demand for high flow, high pressure applications, which are primarily geared towards the industrial crude-derived fuel displacement market. These purification units are capable of operating at pressures in excess of 1,000 psi, and flow rates of greater than 25,000 SCFM (standard cubic feet per minute), generating in excess of 175 DGE (diesel gallons equivalent) of fuel per minute.
Natural gas is an abundant, secure, domestic, clean and affordable fuel source that is capable of displacing crude-derived fuels like diesel, fuel oil and heating oil in many industrial, transport, and high horsepower applications. Due to the current significant price spread between natural gas and crude-derived fuels, companies are increasingly looking towards the lower priced natural gas fuel option to reduce their operating costs and carbon footprint.
"These two orders are a very important achievement for Xebec in the evolving diesel displacement market. Our products will play an important role in enabling crude-derived fuel displacement at drilling rigs, at mining sites and for industrial applications," stated Kurt Sorschak, Xebec's President and CEO. "We have developed very attractive solutions for these evolving new markets, and we are looking forward to enable our customers to switch from diesel or oil to natural gas in the months and years to come."
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. Xebec designs, engineers and manufactures innovative systems that transform raw gases into marketable sources of clean energy. Xebec's strategy is focused on establishing leadership positions in markets where demand for biogas upgrading, natural gas dehydration, and hydrogen purification is growing. Headquartered in Montreal (QC), Xebec is a global company with two state-of-the-art manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America and Asia. Xebec trades on the TSX under the symbol XBC. For additional information on the company and its products and services, please visit the Xebec web site at www.xebecinc.com.
Caution Concerning Forward-Looking Statements
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.
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