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
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
SOURCE: Xebec Adsorption Inc.
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