Xebec Announces the Opening of a US Operation in Houston, Texas, along with the Appointment of Three Senior Executives
MONTREAL, Feb. 17, 2014 /CNW Telbec/ - Xebec Adsorption Inc. (TSXV: XBC) ("Xebec"), a provider of biogas upgrading, natural gas, field gas and hydrogen purification and filtration solutions for the clean energy and crude-derived fuels displacement markets, is pleased to announce its expansion into the US with a Houston, Texas, office and dedicated Senior Management Team.
Mr. Parag Jhonsa joins Xebec Canada as Corporate Vice President, Business Development, and President of Xebec Adsorption USA. Mr. Jhonsa brings over 20 years of experience in the energy field in operations, QHSE, business development, engineering, and project and production management. Prior to joining Xebec, Parag was President and General Manager with ProSep USA Inc. where he led the business unit that provided the oil and gas industry with custom-engineered process equipment system solutions for oil, gas, and water processing and purification. Parag holds both a Bachelor's and Master's degree in Chemical Engineering.
Mr. Gary Blizzard joins Xebec Canada as Corporate Vice President, Sales, and Vice President, Business Development and Process Engineering for Xebec's U.S. operation. Gary has over 25 years of diverse experience in the energy industry in the areas of international business development, marketing, engineering, and project management. In his last position as Executive Vice President of Process Engineering & Product Development with ProSep, he provided strategic guidance for the worldwide process engineering team. Prior to that, Gary was Vice President, Marketing & Business Development at NATCO Group, where he provided leadership for growth in specialized gas treating technology. He holds a Bachelor of Science in Chemical Engineering from Texas A&M University and a Master of Business Administration from The University of Texas in Austin.
Building strength on strength, Xebec is also pleased to welcome Dr. Peter Cheng who joins Xebec Adsorption (Shanghai) Co. Ltd. as General Manager. Over the past 20 years, Dr. Cheng has held various executive positions with ABB, Ontario Power Generation, Hong Kong and China Gas Investment Limited, as well as A.T. Kearney, developing expertise in the fields of energy business development, strategic planning, and engineering and operations improvement. He holds a Ph.D. in mechanical engineering and an MBA, majoring in finance and strategy. Dr. Cheng is a professional engineer in Ontario, a qualified senior engineer in China, a member of the American Society of Mechanical Engineers, an advisor to the Enterprise Management Committee of the China Gas Association, and an expert in the category of foreign technology and economy in China.
"We are delighted to welcome these senior executives at this pivotal point in Xebec's history, as we turn the corner from right-sizing and restructuring toward sustainable profitability" stated Mr. Kurt Sorschak, Chief Executive Officer of Xebec. "Their track records for generating exceptional results will go a long way to help Xebec solidify its future as a successful and growing clean energy company".
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 1,300 customers worldwide, Xebec designs, engineers and manufactures innovative products that transform raw gases into marketable sources of clean energy mainly used as transportation fuel. Xebec's strategy is focused on establishing leadership positions in markets where demand for biogas upgrading, natural gas dehydration, liquefaction and hydrogen purification 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 and Asia. Xebec trades on the TSX Venture 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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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