MONTREAL, Jan. 24 /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 agreed to provide engineering services valued at USD 2.0
million to ExxonMobil Research and Engineering Company ("EMRE") for
ongoing development work related to new applications for Xebec's
proprietary Rapid Cycle PSA technology.
The engineering services are to be provided over the next 12 months
under an extension to an existing Joint Development Agreement between
EMRE and Xebec.
Kurt Sorschak, President and CEO of Xebec said, "This agreement is
another important step forward in the evolution and development of our
technology and in our ongoing collaboration with EMRE."
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.
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