MONTREAL, May 12 /CNW Telbec/ - Xebec Adsorption Inc. (TSX: XBC) ("Xebec"), a provider of biogas upgrading, natural gas and hydrogen
purification solutions for the clean energy market, announced today the
appointment of Eric Favreau to the position of Chief Financial Officer
effective June 13, 2011.
Mr. Favreau brings with him more than 20 years of corporate finance,
strategic planning, operational and legal experience. Most recently Mr.
Favreau held the position of CFO at Noveko International Inc., a
publicly traded company (TSX: EKO) based in Montreal.
"We are pleased to welcome Eric to Xebec. He will be a great addition to
the Xebec management team, and will support our plan towards
profitability while growing our business in gas separation and
purification and becoming a recognized leader in the clean energy
sector," said Kurt Sorschak, President and CEO. "Eric has a proven
track record in the equity markets in growing international businesses,
and managing M&A's. In addition, he brings to Xebec in-depth financial,
operational and legal experience that will enable Xebec to achieve its
business objectives. "
Mrs. Lyne Routhier will cease to act as interim CFO, effective May 10,
2011. We wish to thank her for her support.
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 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 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, an R&D facility in Vancouver (BC) 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
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
SOURCE XEBEC ADSORPTION INC.
For further information:
President and CEO