MONTREAL, Jan. 10, 2012 /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
that it has made significant commercial progress in the natural gas
infrastructure market in Central and South East Asia during the fourth
quarter of 2011.
Xebec has recently received first orders from three new customers valued
at CDN$540,000 for its NGX line of natural gas dryers for use in
compressed natural gas ("CNG") refueling stations in Uzbekistan,
Kazakhstan, Afghanistan and Thailand. Orders for these units were
placed by market leading suppliers of equipment used in natural gas
fueling stations and by PTT (SET:PTT), a large publicly traded Thai
petrochemical company and a leading developer of natural gas refueling
infrastructure in Thailand. All of these orders will be manufactured
in Xebec's Shanghai facility.
"Countries in Central Asia, including Uzbekistan and Kazakhstan have
significant natural gas reserves, and governments in these countries
have begun to construct CNG infrastructure to promote the use of CNG as
a transportation fuel," said Andrew Hall, Vice President of Asia
Pacific Operations for Xebec.
"Xebec's gas dryers are a key component on CNG stations as gas supplies
in Central Asia can have a high moisture content which needs to be
dried before it can be used safely and reliably as CNG vehicle fuel.
Xebec's range of NGX natural gas dryers provide a proven and reliable
solution for dehydrating pipeline gas to meet the quality
specifications required for CNG," said Hall.
"We are also extremely pleased to supply dryers to PTT for use in CNG
stations in the north of Thailand. Thailand is an extremely important
market for CNG infrastructure, with over 400 CNG stations serving a
fleet of over 260,000 natural gas vehicles. We hope to have further
success in this market as Thailand has plans to construct additional
CNG stations and make CNG available in rural areas not currently served
by the existing natural gas grid," said Hall.
About the Xebec NGX Range
Xebec provides a comprehensive range of rugged, skid mounted, single and
dual tower regenerable natural gas dryers under its NGX brand. These
dryers are closed loop, with automatic, or operator initiated, heat
reactivated regeneration and variable cycles for reliable dryer
regeneration control and shutdown. The NGX range comes standard with an
Xebec is a World leader with its NGX line in drying natural gas for
vehicle fueling stations and offers:
25 years experience in designing and manufacturing gas dryers
Complete dehydration and filtration solutions
Major installations throughout the world: North America, China, Russia,
Australia, South America, Indonesia and the Middle East
Dedicated CNG team at every level of the process
Worldwide support, service and replacement parts
Built to ASME code and National Board certified
Can be built to specific requirements such as the Chinese, Malaysian,
Russian and other certification requirements
On December 22, 2011, the Company granted 2,040,000 share purchase
options at $0.10 per share to two senior management members in return
for a conversion of base salary into stock based compensation.
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 1300 customers worldwide, 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,
a Technology Centre 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 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
SOURCE XEBEC ADSORPTION INC.
For further information:
President and CEO
Vice President, Finance and CFO
Andrew G. Hall
VP, Asia Pacific Operations